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There are many advantages of using industrial property to let for your business premises, most notably the relative ease of which it enables you to relocate if you need to due to company expansion or if you merge with another organisation to cut production costs. It is true to say however that there also a number of disadvantages to renting business property, most obvious of which is if you want to change structurally the building itself if you want to add an extension or if you want to conduct maintenance then you have go through a long winded business of negotiation with the landlord or property agent. Advantages of Rented Industrial Property The clear benefits of renting a property for your business whether it for retail or industrial use are things such as not having to be concerned with the wear and tear of the property in terms of plumbing systems, guttering, outside masonry, tar-mac or general surface condition of entrance, car-parking and storage areas. Typically these elements of the property will be adequately maintained and repaired by the property owner or industrial estate agent. Furthermore as discussed briefly earlier if your company makes on-going profit year on year and you wish to expand your premises, by being renting industrial property you will be able to relocate much easier. Relocation to another industrial estate may not be necessary if your estate agent has other rental property which is adjacent to your company premises. If this is the case and you sign up for a long lease, then the landlord may agree to join the two structures if necessary and or storage areas by making changes to fencing and landscaping if required. Disadvantages of Industrial Property to Let The disadvantage of undertaking a rental property for your industrial business over a purchased property are things such as the fact that you will not be able to make structural changes to the building to allow for new production line machinery which requires higher ceilings or wider loading bay areas to be implemented to increase output and profit. Any changes to your rental property would need to be negotiated with your landlord or industrial letting agent and may take a considerable amount of time to finalise or even get approved. Where-as if you owned your own premises then after planning permission is granted from your local authority is approved if required it would theoretically be much less hassle. Other clear disadvantages of choosing to rent property for your business are that you are ‘at the mercy’ of your property agent who may increase the letting costs once your contract is up for renewal or increase other fees related to your premises. Also if other businesses on the industrial estate you are on choose to move or have to close due to economic conditions, potential clients visiting your premises may not be impressed with the location of business by not fault of your own.
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