Elements of a Commercial Property

Chase Evans

5 Harbour Exchange, Harbour Exchange Square

London E14 9GE

+44 (0)20 7510 8430

Buying a property is similar to buying a car. People need to

consider exactly what it is going to be used for before even

looking at the available options. For example, the only

thing buyers need to look for in a residential property is

what they want. It becomes drastically different, however,

when the buyer is in need of a commercial property.

The Versatile Specific Property

A commercial property can become a multitude of different

things; it can become a retail outlet, a company

headquarters, or even a small hotel service. Each

possibility has different requirements, and no property is

versatile enough to meet all of them. The purpose needs to

come before the sale.

Every commercial property needs to meet the needs of the people who will use it to

become effective, which are the employees. There are many considerations when it comes

to meeting their needs, and these vary depending on the type business that the buyer is

planning to run.

Access

Employees need to get to their place of work without trouble. This aspect is more in line

with the surrounding area than with the property itself. Lifts, emergency exits, and security

measures should all be taken into account when selecting the property to run a business

from. Fortunately, modern technology has eliminated all the physical nuisances that

plagued businesses with offices higher than four storeys.

SOURCES:

http://www.telegraph.co.uk/property/property-club/10120584/commercial-property-advice.html

http://www.chaseevans.co.uk/

http://www.theguardian.com/small-business-network/powwownow-partner-zone/perfect-working-environment-sound-powwownow

Location

Everything is about the location of the property business, but it becomes tougher when

dealing with commercial property. This is where the three types of commercial property

come in: office, industrial, and retail. Of the three, office is the most versatile, meaning it

can be put anywhere without causing much of a disruption. The only places where buyers

cannot put offices are in locations specifically set aside as residential properties.

Industrial and retail have more restrictions considering the space they need to become

effective. More often than not, both these properties are ground level spaces. The only

difference between the two is that retail makes it its business to be as near the centre of

the CBD as possible, whilst industrial areas are usually on its outskirts.