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• Choosing the Right Location for Your Property and Business

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Finding the Ideal Commercial Property Location for Your Business

Choosing a suitable location for your business is critical, whether you need to be in an out–of-town retail park / industrial estate or the middle of the city. The location is important as it can affect the suitability of a property for the business, its clients, customers or employees. What are the considerations?

• Parking and parking restrictions
• Congestion charges
• Local authority charges and business rates (e.g. waste collection)
• Delivery times or possible restrictions
• Noisy processes in residential areas

Another consideration is what type of people will be using the property. What is the most important feature you need to address?

• Having public transport links nearby
• Attracting passing trade
• Locating close to your key suppliers, customers or associated businesses. An example of that is estate agents often locate close to each other
• Secure low key premises for shipment of high value goods
• Load factors for machinery and stores

It is worth noting, whatever option you go for, there will be advantages and disadvantages. Here we examine some of which should be taken into consideration.

For instance, locating a distribution warehouse in an urban area might have the advantage of being close to your client base and be very cost effective, but it could be noisy for local residents. With transport movements day and night who wants the locals complaining!

On the other hand, being in the middle of an established city could be very convenient, but this may not be the most cost effective option.