Renting commercial property for your small business
Moving to rental commercial premises is a big decision. A lease is a legally binding document, so every possible area should be considered before signing on the dotted line. Derby is an effective base for small businesses as it offers reasonably priced property and a suitable location. It offers good transport links, cheap rent and isn’t too big of a city so you will still be close the central business district. Derby was at the centre of Britain’s Industrial Revolution, so business has been at the heart of the city for a long time.
If you choose to rent commercial property in Derby you will want somewhere with easy access for commuters. Derby is an ideal location for small businesses. The M1 and train station provide good nationwide links, and East Midlands airport is just outside of the city centre. Prime properties have good transport links, and you may particularly want to find somewhere close to the train station. This will allow for a wider range of potential staff, and if you are moving premises it will make for an easier relocation. Consider car parking too.
Small businesses often find that a shared building is the most cost-effective. You may find that you are able to rent commercial property in Derby which includes broadband, telephone, security, cleaning and maintenance included in the price, which makes for an easy and smooth transfer and is particularly useful for small offices.
How long are you planning to stay at the premises and how long is the lease for? Ensure that the rent includes, or you can arrange, internal and external maintenance and repair. Make sure it meets fire and health and safety regulations, and insure it if insurance is not already included in your lease. Make sure your premises have access adhering to the Disability Discrimination Act too.
If your rent includes extras such as broadband or cleaning it may sound more expensive yet you might save money by choosing a serviced property. Will the rent be paid in advance or in arrears, and will it be on a weekly, monthly or quarterly basis?
It makes sense to only rent what you need. If you are a small office looking to rent commercial property in Derby sharing an office block will be much more practical than sourcing your own premises which may be more expensive and not include services. Shared commercial properties will usually have free space available for expanding or downsizing. Consider security in and around the building.
Carefully read the conditions of your lease. If it is a short term contract ensure that it is rolling and not a fixed term, unless you only need temporary premises. If you are taking out a long-term lease make sure that your future business plans are strong enough. Use a lawyer to read the fine print of your lease. You will legally have the right to stay in your building unless you have breached the terms of agreement, but beware, you may be asked to pull out of adopting this Act. Get advice from your lawyer if you are.
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