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Commercial Property Erith

How to decide where to base your new business and some local options for start-ups.

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Business Premises? Office? Shop? Industrial Unit? Serviced Offices? Warehouse Unit? Factory? Restaurant? Workshop? Or Start from Home?

Whether you choose to work from home or are looking to rent or buy a business premises, you may like to read our commercial property articles which cover the various options for small business or new business start ups. (We also have a section dedicated to working from home.)

A list of useful contacts in Erith who are keen to help you can be found below.

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Alternatively you can contact Andy Pringle at andy@syob.net and he can help guide you with more information or suggest the best person to contact.

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Commercial Property
Location, location, location! Deciding where to run your business could be determined by the nature of your work, running a restaurant from home is probably not a good idea and a window cleaning business is unlikely to need swanky offices! This selection of articles should help you decide whether to work from home, lease or buy a property, or use a virtual facility.

Home or Away

Deciding where to run your business could be determined by the nature of your work, running a restaurant from home is probably not a good idea and a window cleaning business is unlikely to need swanky offices!

Work from home

Working from home is definitely the cheapest option, but not always the best. You will need to ensure that you can separate home and work life. Will you be able to motivate yourself and concentrate, or possibly even moretempting—avoid the temptation to work all the time Advantages: Cost, convenience, easy to set up, the kettle is close by! Disadvantages: Domestic distractions, possibly lone working, holiday cover, the kettle is close by!

Top tip! Check to make sure that your lease/house deeds do not prevent you from operating from home. If required, obtain permission from your landlord or building society.

Office or workspace

Starting in an office or workshop will involve higher set up costs than working from home but may be more appropriate particularly if you are planning to employ staff or if your customers come to you. There are important health &safety issues that you will need to be aware of if you are planning to work from any premises. The HSE (Health & Safety Executive) offer free explanatory leaflets at http://www.hse.gov.uk

Lease

A lease is a contractual agreement to rent a property. But do you rent or buy Your financial situation could decide this for you, but if you chose to lease/rent, think extremely carefully about the implications. Lord Forte is famously quoted as saying three most important considerations are LOCATION, LOCATION, LOCATION! However, the better the location the higher the rent!

Who is responsible for repairs

Take legal advice. You want security, but do you want the legal obligation and for how long Business success or failure may mean that you need smaller/larger premises in the future. Ask about a ‘break clause’ which could present an ‘escape route’ at a defined point.

Purchase

Purchasing your property could prove to be an attractive long-term proposition. You will be giving yourself security of tenure, possibly an asset that will rise in value, and any repayments will be reducing your loan rather than simply paying rent to somebody else. You will need to use a solicitor to conduct the purchase, and definitely pay for a full structural survey.

License

With a license, the property owner is effectively saying “OK, you can occupy my property for a while, but I can interrupt at any time and ask you to leave.” The advantage to the owner is obvious, but it can also be a flexible and inexpensive way for a new start to move into premises. Licences are usually relatively short term.

Serviced Offices

Working from your garage or garden shed can appear amateur to prospective clients and lack the kudos of an official business address. But there is an alternative that will keep you sane without bankrupting your business before it’s even off the ground. Renting a desk in a shared office offers the best of both worlds. You’re still your own boss, but you’ll have the business support services, such as internet connection, a receptionist, meeting rooms and technical support, all available on site. You’ll have total autonomy, but feel like you are part of a community.

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Erith Commercial Property

All Avenues
Letting Agency based on the border of South East London and Kent providing outstanding property services for landlords and tenants. Are you relocating to start your new business? We may have your ideal property. Or perhaps youre starting out as an investment landlord? We can help. Our family run company provide an unrivalled personal local service. Call us today on: 020 8310 2416
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LOCKS in the CITY
Here at LOCKS in the CITY we strive to offer you the customer an unbeatable service, at unbeatable prices. We offer a 24 hour, 365 day emergency locksmith service including on site key cutting covering the South-East London and Kent area. LOCKS in the CITY is focused on providing high-quality service and customer satisfaction - we will do everything we can to meet your expectations.
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Select Space Ltd
Select Space Limited are a long established family run company, incorporated in 1935, with 15 years of experience letting commercial premises to medium and smallstart up businesses. Select Space are providers of flexible business space, having a variety of different types, uses and sizes of accommodation, to suit all budgets.
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Thames Innovation Centre
The Thames Innovation Centre (TIC) is a 50,000 sq ft award-winning business and innovation centre at the heart of Veridion Park, a 68-acre mixed use development with plans for 680,000 sq ft office and warehouse space in Erith,in the northern part of the London Borough of Bexley. The TIC is aimed at small to medium enterprises looking for a flexible, prestigious, low cost solution with space for growth.
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The Generator Business Centre
The Generator Business Centre is an exciting business centre established to nurture new and existing businesses. Managed by Merton Chamber of Commerce, the Business Centre is for growing businesses from all sectors. Both serviced office space and light industrial units to let, along with large conference facilities.
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