| The zoning of any property is crucial if you want to conduct an industrial business. It is the responsibility of the tenant to check that the operation of the business. It is the responsibility of the tenant to check that the operation of the business is appropriate for zoning.
For some industrial businesses being close to a good road network, including freeways and motorways is essential for efficient dispatch and deliveries.
Access to the property might be important for your business and should be considered. For instance, you may need access for large vehicle, containers or large plant or equipment.
If your business will have large vehicles visiting your factory, you may need to get approval from the Roads and Traffic Authority(RTA).
When inspecting factories or warehouses, pay attention to whether the internal clearance and space will suit your business needs.
Check that the services you need for your business are available, such as three-phase power or water treatment.
Office Space
As a general guide, allow 12 to 15 square metres of space for each member of staff. This will allow for an entry area and a meeting room.
The location and type of office can be important. It can enhance or hinder image of your business.
Location can be important to those you work with. Staff members may appreciate convenience. It is usually a good idea to be near facilities such as transport, parking and shops. For some businesses, it is also helpful to be close to other services such as banking,postal,copying or binding.
Make sure the premises are a pleasant place to work. Check the condition carefully. Remember you and your staff may spend a great deal of time in your office. The office environment can even influence whether you attract and retain people.
Location is also important for those you do business with. If you hold meetings with your clients, suppliers or colleagues at your office, it is helpful to them if the premises are convenient to visit.
Check whether the office has other features such as air-conditioning, natural light, parking spaces, lifts, good lift(if necessary), good security, 24 hour access seven days a week or access for people with disabilities.
Car parking may be available but sometimes not included in the lease. In such case, there should be a separate written agreement covering all aspects.
Carefully consider how much it will cost to fit out the office space as this can add a considerable expense to your business.
If you plan to partition your office space, you may need approval from both your landlord and the local Council as your plans will need to comply with the Building Code of Australia.
Also if you plan to put up signs outside the building, you will need approval from your landlord and the local Council.
Retail Property
Unlike other areas of commercial property leasing in New South Wales, there is legislation covering leasing of shops and other retail premises. The retail Leases Act 1994 sets out the leasing retail shops for businesses, landlords and their agents.
The minimum term for retail lease is regarded as 5 years under s.16 the Act (including any option periods.) However as the lessee you can waive this minimum requirement by obtaining a certificate from your solicitor stating that this clause has been explained to you and you have elected to waive this requirement.
It is important to find the right location for your retail business. Think about your customers, including how and where they shop.
Contact local real estate agents to help you in your search for retail premises.
Think about how much space you'll need. Although this can be hard especially if you are starting up in business, it is important to think about the space needed for items such as fittings,equipment, storage etc as well as the display and traffic areas. you'll need enough space when your business grows.
Nearby parking can be a factor in the success of some businesses.
Pedestrian traffic levels can also influence the volume of turnover.
Look at other businesses close to the premises you like and consider their strengths and weaknesses.
If you want to operate a food business, you will need approval from your local Council and in some cases, you may also need approval from the Water Board.
Before Signing a Commercial Lease
Check the proposed lease carefully.
Zoning needs to be checked before you sign the lease. It is up to the tenant to find out whether the business can operate in the leased premises.
Seek guidance from qualified professionals, including legal advice, before signing any lease.
Make sure you understand and agree with the clause in the lease covering the review of rent.This can be based on a set amount or a percentage, or changes in the market, Consumer Price Index changes or the highest of combination of measures (the last does not apply in the case of Retail Leases).
It is also important that the contract covers how and if the lease can be extended by the exercise of an option, as well as how the conditions, including rent, will be reviewed |
