Putting up a new business? Researching for a place to operate?
When looking for a commercial real estate to lease or buy, it pays to consider various factors so you can pick the perfect place to operate your new business.
Location is key
A thriving business starts with a good location. When strategically located, an establishment benefits from a massive amount of foot traffic in the area, which could be a driving force to getting that much-needed sales percentage. So, if you’re in the market for commercial properties for sale or lease, consider location as your ultimate priority.
A commercial real estate needs to be in good quality. Don’t settle for something old and dilapidated just because it is cheap. As much as possible, pick something that is a newly built or a few years old. Make sure that it is safe and passes the rules and regulations set by the Australian government in terms of building safety and sustainability. Having a sturdy and new establishment also keeps your customers feeling safe and at ease while they are in the building.
Commercial property lease options in Australia are getting bigger mainly because of the huge demands from business owners trying to fight over spaces that are perfect for their businesses. But that does not mean that you shouldn’t consider size or standards for that matter. The size of an office building, perhaps, should base on the type of business operations and the number of people you are planning to hire. For an office building, you will need a reception area, a lobby, a few office rooms, and a mini-kitchen for your staff. If it’s a store or a food stall, of course, you will need a different type of interior angle. A bar is a necessity as well as a huge kitchen for food preparation.
Scout the nearby areas if the housing market sales is just as high as the commercial property sales of the locality. If your establishment is near residential areas, that would mean more potential customers. Just imagine putting up a convenience store, coffee shop, or general merchandise in a place that actually has a huge population of future buyers.
It would be a lie to say you shouldn’t consider the price when in fact it is one of the most important factors when leasing or buying a commercial real estate. Of course, the abovementioned factors highly contribute to the price tag of an establishment. But think about it. If people are willing to pay because of the features that come with it, then that would mean they are seeing its huge potential.
Researching about commercial property is crucial especially if this is your first time. It pays to consider these factors for a more informed leasing or buying decision.
Having a hard time? Check out how Henzells Agency can help you make things easier with your search. Take advantage of their search tool to find the most ideal commercial establishment in your suburb. For more details, check it out at https://henzells.com.au/commercial/commercial-property-for-sale