Steps To Take When Viewing An Industrial Property For Your Business
Whether you’re a new business looking for industrial space or a well-establish company undergoing
expansion, with buying or leasing an industrial property for your business there are a number of
aspects to consider that differ from traditional commercial or domestic purchases. Whilst buying a
domestic property or retail space you may look at more aesthetic elements, with industrial
properties there are more practical aspects that should take precedence.
We’re looking at the steps you should take when viewing an industrial property for your business to
ensure you make good, informed and sound decisions that are right for your business now and in the
Naturally, prices for leasing and buying are lower with industrial property vary depending on the
location, with out of town areas often having considerably lower price. However, before you’re
driven by low prices alone, it’s important to consider the logistics of the location in relation to your
business. If the industrial building is being used for housing stock or producing products, always
factor in the additional costs of transporting goods to where they need to go and the convenience of
transport links. A great location far away from the hub of your business, could end up costing you
more in time and money in the long run.
As with any property purchase and even with leasing, it’s a good idea to get a structural survey of
the building if you’re serious about buying or renting. Knowing the current or potential issues right
from the beginning will allow you to budget for any improvements, repairs or general maintenance.
In addition to this, a hugely important factor is the flooring. Industrial floors are subject to much
heavier use, whether it’s a warehouse, workshop or full-scale factory, so you should always check
the floor is intact and well cared for. If it isn’t you need to factor in the costs of making the
appropriate installations or improvements, whether it’s Hydrobond Screed designed for heavy duty
industrial use or Hydroscreed TG that can withstand contact with numerous chemicals.
With any purchase or lease, you need to look further down the line. If your budget allows, try to look
at slightly larger industrial properties with the potential for future expansion. This will give you more
flexibility and cause the least disruption to your business as you grow in the years to come.