Key takeaways
- Check the permitted use and the licence the unit can support.
- Visibility and footfall matter more for shops than size.
- Compare service charges and the length of existing leases.
Start with the use
Sample photoBefore anything else, confirm what the unit is allowed to be used for and which business licence it can support. A mismatch here is expensive to fix later. Browse offices and commercial units and shops.
Location and access
For retail, footfall, frontage and parking decide success. For offices, think about the commute of your team and the quality of the building’s lobby, lifts and meeting spaces.
Sample photoFor retail, footfall, frontage and parking decide success.
Income and costs
Sample photoIf the unit is already leased, read the lease: rent, term and break clauses. Compare service charges across buildings, and ask for the building’s recent running costs. If you need a base for your company, ask about company rentals as an alternative to buying.
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