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Location is an important factor to consider when selecting an industrial unit to let in Yorkshire is one of the most accessible and conveniently located areas in the U.K. to set up your business. There are many vacant industrial properties in Yorkshire ranging from manufacturing buildings to warehouses. This is a fool proof guide to securing the best unit for your firm.
Which Industrial Unit Is the Best for Your Business?
You are required to make a thoughtful decision when selecting industrial units to let in Yorkshire for your business. Consider the amount of space you will be in need of and ensure that it is enough for future expansions. There are several types of industrial buildings to choose from in Yorkshire that will suit your preferences.
- Distribution Buildings/ Warehouses– It is important to select a building with extensive storage and racking facilities if you are looking for warehouses to let in Yorkshire.
- Manufacturing units – These facilities are designed to house machinery used to produce materials and goods. Ensure that you choose a unit with high capacity exhaust and ventilation systems, storage tanks, heavy ductwork, pressurised water or airlines among other things.
- Cold storage facilities.
- Showroom buildings.
- Biotech Buildings (also called Wet Lab Buildings).
- Data hosting Centres.
Industrial Letting Guide: Yorkshire’s Properties Market Dynamics
Familiarise yourself with Yorkshire’s market conditions such as tenant demand, vacancy rates, and rental values. Fortunately, Yorkshire is suited with additional support such as Local Enterprise Partnerships; it also has several Enterprise Zones where the government offers incentives such as
simplified planning processes and tax concessions.
Know the Costs of Letting an Industrial Unit
Some inevitable costs are tied to industrial units to let in Yorkshire which you will incur such as non-domestic property tax and the rent paid to the responsible Yorkshire property management company. Other costs include BID fees, energy costs, repairs, insurance, and service charges.
Industrial Unit Lease
Signing a lease, which is a legally-binding agreement with tenancy terms, is a serious commitment. That is why you are required to know Yorkshire’s average lease length (it is approximately 4.7 years) before signing any lease. Gather information about break clauses, subletting, and rent reviews from property agents.
It is critical to select industrial units in areas with excellent transport links which are close to customers. Remember to consider the welfare of your staff; rent a property that is near to shops and cafes for your employees.
Whether you choose to rent an industrial unit in North, South or West Yorkshire, ensure that you go for the best. Contact your industrial property agent to guide you through the selection and leasing process.
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