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.
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 …
Given the status of the global economy, there are reasonable pressures on commercial property sales and leasing activity. That being said, business and commerce still continues and is currently adjusting to the new business circumstances.
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