Renting a Light Industrial Unit: Essential Tips and Insights
Introduction
Light industrial units are versatile spaces perfect for businesses involved in manufacturing, assembly, storage, and other light industrial activities. Renting such a unit can offer flexibility and scalability for your operations. This guide provides practical tips, local insights, and essential considerations to help you find the right light industrial unit to rent.
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 the Right Light Industrial Unit
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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 rent.
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Network Locally:
- Join local business networks and chambers of commerce to hear about rental opportunities through networking events and industry connections.
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Drive Around Industrial Areas:
- Sometimes, driving around industrial zones can reveal "For Rent" signs on properties that may not be listed online.
Example Listings
Light Industrial Unit in Birmingham:
- Location: Aston, Birmingham, B6
- Description: Modern light industrial unit with 5,000 sq ft, high ceilings, loading docks, and office space. Convenient access to the M6.
- Rent: £50,000 per annum
- Agent: Knight Frank
Storage Unit in Manchester:
- Location: Trafford Park, Manchester, M17
- Description: Secure storage facility with 10,000 sq ft, 24-hour access, and CCTV. Close to the M60.
- Rent: £80,000 per annum
- Agent: Savills
Light Industrial Space in London:
- Location: Park Royal, NW10
- Description: Versatile unit with 7,500 sq ft, loading bays, and office facilities. Excellent access to the A40 and North Circular Road.
- Rent: £70,000 per annum
- Agent: JLL
Key Considerations for Tenants
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. Think about 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.
Lease Terms:
- Understand the lease terms, including the length of the lease, rent review clauses, break clauses, and any additional costs such as maintenance, insurance, and service charges.
Compliance and Zoning:
- Verify that the unit complies with local zoning laws and regulations for your intended use. Ensure it meets health and safety standards.
Fraser Bond’s Expert Assistance
Tailored Property Search:
- Our team helps you find light industrial units that meet your specific requirements, leveraging our extensive network and market knowledge.
Lease Negotiation:
- We assist in negotiating favorable lease terms to ensure you get the best possible deal.
Due Diligence:
- Our experts conduct thorough due diligence, including property inspections and compliance checks, to ensure the space meets your needs.
Legal Support:
- We provide legal advice and support to help you navigate lease agreements and ensure all legal requirements are met.
Ongoing Assistance:
- Our services extend beyond the rental process, offering ongoing support for any issues or adjustments needed during your tenancy.
Conclusion
Renting a light industrial unit involves careful consideration of location, size, facilities, and lease terms. By understanding the market, leveraging expert assistance, and considering key factors, you can find a space that supports your business operations and growth. Fraser Bond is dedicated to providing comprehensive support throughout your rental journey. Contact us today to learn more about how we can assist you.
