Guide to Buying Light Industrial Units: Key Insights and Tips
Introduction
Light industrial units are versatile spaces ideal for businesses involved in manufacturing, assembly, storage, and other light industrial activities. Purchasing a light industrial unit can provide stability, control, and potential financial gains for your business. This guide offers insights into the market for light industrial units, tips for finding the right property, and key considerations for buyers.
Understanding Light Industrial Units
Versatile Spaces:
- Light industrial units are typically used for non-intensive industrial activities such as product assembly, packaging, small-scale manufacturing, and storage.
Key Features:
- These units often include features like loading docks, high ceilings, office spaces, and ample parking. They are designed to handle light machinery and storage needs without the heavy infrastructure of large industrial facilities.
Steps to Finding Light Industrial Units for Sale
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Utilize Online Property Portals:
- Websites like Rightmove Commercial, Zoopla, and EG Propertylink list available light industrial units. Use filters to narrow your search by location, size, and price.
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Consult Commercial Estate Agents:
- Engage with agents specializing in industrial properties, such as Savills, Knight Frank, JLL, and CBRE. These professionals can offer tailored advice and access to exclusive listings.
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Explore Industrial Parks:
- Visit industrial parks and business estates in your desired area. These locations often have multiple units available for sale.
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Attend Property Auctions:
- Property auctions can provide competitively priced opportunities. Auction houses like Allsop and Acuitus frequently list light industrial units.
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Network Locally:
- Join local business networks and chambers of commerce to hear about opportunities through networking events and industry connections.
Example Listings
Light Industrial Unit in Birmingham:
- Location: Aston, Birmingham, B6
- Description: Modern light industrial unit with 10,000 sq ft, high ceilings, loading docks, and office space. Convenient access to the M6.
- Price: £1,200,000
- Agent: Knight Frank
Storage Unit in Manchester:
- Location: Trafford Park, Manchester, M17
- Description: Secure storage facility with 15,000 sq ft, 24-hour access, and CCTV. Close to the M60.
- Price: £1,500,000
- Agent: Savills
Light Industrial Space in London:
- Location: Park Royal, NW10
- Description: Versatile unit with 12,000 sq ft, loading bays, and office facilities. Excellent access to the A40 and North Circular Road.
- Price: £2,000,000
- Agent: JLL
Key Considerations for Buyers
Location:
- Choose a strategic location that suits your business needs. Consider proximity to transport links, suppliers, and customers to minimize logistics costs and improve efficiency.
Size and Layout:
- Ensure the unit has adequate space for your operations, including storage capacity, loading areas, and office space. Consider future growth and flexibility.
Condition and Facilities:
- Inspect the condition of the unit and ensure it has essential facilities such as heating, ventilation, security systems, and sufficient power supply.
Planning and Zoning:
- Ensure the property is zoned for your intended use. Check local planning regulations and potential restrictions.
Financial Viability:
- Evaluate the financial aspects, including purchase price, potential rental income, operating costs, and return on investment. Consulting a financial advisor is advisable.
Legal Due Diligence:
- Engage a solicitor to conduct due diligence, reviewing the property's title, existing leases (if any), and any existing liabilities.
How Fraser Bond Can Assist
Market Analysis:
- We provide detailed market analysis to help identify the best opportunities for purchasing light industrial units.
Tailored Property Search:
- Our team assists in finding light industrial units that meet your specific requirements, leveraging our extensive network and market knowledge.
Due Diligence:
- We conduct thorough due diligence, including property inspections, legal reviews, and financial assessments to ensure a sound investment.
Negotiation Expertise:
- Our experts negotiate favorable terms and prices on your behalf, leveraging our experience and market insights.
Financing Solutions:
- We help explore and secure financing options, working with a network of lenders and financial advisors.
Post-Purchase Support:
- We offer ongoing support post-purchase, including property management, tenant sourcing, and maintenance coordination.
Conclusion
Investing in a light industrial unit offers numerous advantages, including versatility, control, and potential financial gains. By leveraging expert advice and conducting thorough due diligence, you can secure a property that meets your business needs and supports growth. Fraser Bond is dedicated to providing comprehensive support throughout the acquisition process. Contact us today to learn more about how we can assist you in finding and purchasing light industrial units.
