Importance of Location in Selling Or Leasing Industrial Property

Industrial property is very much a location critical asset type. The tenants, the business, the landlord, the owner, all need the location factors to work for them.

From the real estate agents point of view it is wise to know what the most important location aspects of the property are in Liquid Business Ideas In India your market and how they work. When all the location factors are strong, then the potential of asset sale or lease are high.

So let’s look at the location factors some more and how they can help your sale or lease campaign.

The levels across the site should be no more than 5% as this will create problems for the occupant. Storage and vehicle movement will be impeded. This then also says that a site with a slope will have costs to remedy the problem in both excavation and drainage. A site that has difficult slopes and entrance points will be avoided by many businesses from a leasing and occupancy point of view.

Proximity to raw materials and transport for raw materials will be an issue for some tenants and occupants of an industrial property. Sitting down with a road map and identifying Methods Engineering Techniques these aspects will help you understand the tenant’s sensitivity to these two points. Know the regional transport corridors so that the tenant or property buyer can be informed.

Labour force access and transport will impact industrial property function. Essentially the business will need its labour force to access the property at differing times of the day. Close proximity to public transport will therefore help you lease or sell the property.

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What are the services and utilities that service the local area? How do they support and impact the businesses locally? You should look for the critical service factors such as roads, kerbing, electricity, water, power, and gas. If they are not immediately available at the property or connected, then you must see how far away they are and identify the cost of the connection to the property. It is also appropriate to look at the age and serviceability of the services; the only way to really assess that is to talk to other businesses in the area that have been there for some time.

Soil stability and drainage is critical to most industrial properties. It is likely that a soil and geotechnical report be produced before you take a property to the market.

Soil environmental factors from previous tenant business use can and should be examined in older industrial areas. Environmental soil remediation can take months and cost tens of thousands of dollars. Any buyer of an existing industrial site that has had a history of occupation should ask for a full soil report before considering a purchase of the property.

Hard stand space and suitability are prime factors in most industrial property usage. Most industrial tenants need to store materials on stable ground that has been prepared for that storage. This means that ‘hard stand’ areas are not just open and cleared space waiting to be used. They are areas that have had specific preparation with surfaces such as concrete, bitumen, compacted road base, fencing, and security.

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Lighting around and in an industrial property can be a feature of occupation. Most industries today take deliveries and send out materials and end product at all hours to their markets and clients. The lighting around an industrial property can therefore be a feature for the tenant and business in occupation.

Access to the site from passing roads and freeways should be fully assessed for differing times of day. Customers, staff, and deliveries should be able to access the site without problems at any time.

Signage impact on the property may be a priority for some businesses. Does the site offer significant sign impact from the building structure or pylon sign so that customers and the general public can see who is in occupation? High visibility from signs can be a priority for some businesses. The illumination of that sign can also be a factor or priority. Local councils may have regulations and limitations on signage, so check out the rules in this regard.

Can the tenant, the deliveries, and the customers accessing the property turn around and maneuver their vehicles with comfort? Also consider multiple deliveries and busy times of day for these things to occur so that a number of vehicles could easily move through and around the property.

Car park space is a premium for most businesses today. Staff and customers need to move onto and around the property with ease. Car access and security off the main road will help any property sell or lease.

Loading docks and their use or capability for many large vehicles at one time is a priority. Many businesses today require fast and simple deliveries and collection of goods to reduce costs and downtime. The delivery pressure points of the day for an occupant should be identified and understood.

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So these are some of the critical aspects of an industrial property that will help it to lease or sell faster in this market. Look at the property with a questioning mind and a clear vision of potential property use.