What Should I Look For When Buying An Office?

Looking to buy an office? Look no further. Here at Reads Removals, we’ve got the best practices for buying an office to get your property purchase off to the best start. If you’re new to the office-buying game, these pointers will help you in your search.

Size

When it comes to what size office you require, this will most likely depend on how many employees you’re hoping to accommodate. You should get the specific office space measurements and correlate this with how big the average desk space is and the latest health and safety guidelines on how many people can occupy a certain space.

Health and safety compliance is important and shouldn’t be overlooked. According to the HSE, ‘the total volume of the room, when empty, divided by the number of people normally working in it should be at least 11 cubic metres.’ 

However, if you’re only looking for an office space for you and maybe one other person, then you go for whatever office space feels comfortable and suits your budget.

Location

Location can play an important role in purchasing an office space. Cities will undoubtedly have more choices than towns. If you’re hoping to hire staff, another consideration is the accessibility of your office. Do you want to supply parking? Are there public transport links? Do you want to choose an office that’s disability-friendly?

Also, if you’re a business that sees clients on the regular, you’ll want to make sure getting to your office isn’t a hassle.

Insurance may be higher for an office that’s situated in areas with a higher rate of burglaries. Researching insurance premiums before you buy for different locations can help cut your costs down. Although the catch is that areas with a lower crime rate are likely to be pricier areas to buy. It can be worth getting advice from an expert mortgage advisor to help you calculate what would be most cost-effective for you.

Price

You should have a budget in mind, but this will need to be realistic. You can get advice from an estate agent to see how much you could reasonably expect to afford with your budget. You can also do your own homework to gauge the average price of offices in your chosen area.

Buying property as an investment?

Of course, you may also be looking to eventually make some return on investment on the office building itself. If this is the case, you should get some professional advice on the local commercial property market and see what the predictions are for the future. While there’s no knowing what will fall in and out of favour, there are general trends that the experts can follow to make reasonable predictions on what type of office could generate a profit should you choose to sell-up in the future.

If you’re searching for a reliable office removals company, Reads Removals are on hand to help in the Peterborough area. Give us a call for your free, no-obligation quote today.