Property can be a daunting prospect for any business owner, but when you are running a small business, legal concerns and costs can make the process seem even more overwhelming.
Peter Robinson & Co. know that the right type of premises can be integral to running your SME successfully, so we are bringing you a guide to support you with common decisions and actions you need to make when handling the sale and letting of a commercial property.
Finding the right premises
- Space – Think about your business layout and how much space you will need to do your job effectively. It is always better to find you have too much space than too little.
- Appearance – The appearance of your premises could have a huge effect on business. Untidy, cramped or unsafe buildings could have a negative effect on staff morale or put customers off visiting you.
- Location – Possibly the most important factor as if you get this wrong there’s no going back unless you move again! While it may be cheaper to lease or buy property in a remote location but have you considered how customers and staff will actually get to your business? If you are relying on footfall, it may be worth looking at busier localities. It’s also a good idea not to place your business too close to competitors.
Buy or lease?
For SME’s, leasing often makes more sense, as generally it will allow you to be more flexible. If your business is small but you expect it to grow as time goes on then leasing will allow you to adapt your premises to satisfy your current requirements without the hassle of selling your original property.
If your business relies on large amounts of equipment and machinery with high installation costs you may feel happier settling somewhere for the long haul. In this case, buying may be more suitable.
As with the acquisition of any property you’ll have to think about the legal aspects of the purchase. For SME’s, finding a good commercial partner is key, and Peter Robinson & Co. commercial conveyancers can give you the guidance and advice to make your purchase with confidence.
We act for large organisations and SME’s wishing to lease or buy their own premises whether it is:
- Business Premises
- Mill Sites
- Industrial and Commercial Units
- Offices and Shops
- Compulsory Purchases
Our professional, affordable and efficient conveyancing service will ensure that you can focus on your business. Our dedicated business conveyancing experts will support you and your company whether you are buying, selling or leasing so get in touch with a member of our team today.