What to consider when choosing a Commercial property

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Cardwells have been dealing with commercial property for the past 38 years, making us local experts within the commercial property field. We have commercial properties available around the Bolton, Bury and surrounding areas.

If you are setting up a business or need to move. Then, let’s have a look at some of the most important factors you will need to consider when looking for a commercial property to suit you and your business.

Commercial Area Potential

Location is vital in business, as you need to make sure you can locate the right type of customer. And, vice versa your customers can easily access your business. If you need to hire staff, then a good location is equally important to your recruitment plans.

Commercial Property Size

Commercial space is available in many ways. From, desking and room hire options, retail outlets, to large office building and commercial units. How does the size of the property factor into the growth of your business?

Rent or Buy

With the growth of the business in mind, it’s essential you consider thoroughly this option. If you’re a new business, you may want to consider options for short term leases. Or, larger companies may wish to buy providing further assets for the business.

Building & Regulatory requirement

If, you’re new to finding business premises, then best secure some help on this one from a professional. It’s always best to have the property surveyed before you commit to a lease. This ensures the property is fit for purpose and not at risk from building issues or harmful substances.

Business Cash Flow & ROI

If you’re a start-up business, renting out a commercial property will benefit you in the short term, helping you find your feet in your sector of work. However, if you’re able to invest; then look for areas that could offer a good return on investment. For instance, areas that are undergoing regeneration could make a good return in 5 to 10 years or more.

To sum up, commercial property for sale or to-let has many different prices and property sizes, and often unique trading restrictions. Cardwells have a variety of different properties in and around the Bolton, Bury, and Chorley areas and can suggest many different commercial options in the hope of finding the perfect property for you and your business.

What to consider when choosing a Commercial property

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