When it comes to commercial properties, London abounds with choice. Making the right decision on which to rent or buy is vital, as it can impact upon the way your business is perceived, both by your customers, and when trying to attract new talent. So, what to consider when selecting the right commercial property in London to suit your business?
In London, certain districts have grown into hotspots for particular industry sectors. The City of London for example has become known as the financial and professional district, and is home to some of the biggest players in finance, banking, insurance and law, whilst the East End has become a hub for technology, software, start-ups, digital and not-for-profit organisations.
Over in the north west of the capital, you’ll find a great deal of industry, with almost a third of total manufacturing employment found here. Westminster tends to be home to real estate, private banking, investment professionals and government. Whilst in North London, you’ll see more creative industries, plus art, design, media and architecture businesses.
So, if you want to stand out as an expert in your field, then it’s a good idea to choose a commercial property in the area of London that best reflects the nature of your business.
Certain commercial properties in London will be better located than others in terms of accessibility. If you run a business that receives regular deliveries, or that your customers will visit, then this is a major consideration.
Be sure to choose commercial premises that are well served by public transport and good road networks. Think also about the commute for your workforce, as well as parking. If your business is easy to get to, then you’ll be better placed to attract and retain talent.
You don’t need to be located in the centre of the city just to be accessible. There are plenty of commercial properties London wide that are located out of town yet still well served transport wise, and that may provide you with more premises for your money.
When choosing where to locate your business, think about whether you’ll have a good pool of talent to ensure you can stay competitive. This is especially important if you rely upon a qualified workforce.
You can’t run and grow a successful business without good people. So, do your homework before you choose your commercial property in London. Check with local recruitment agencies or online job sites to gauge the level of local talent. If you employ graduates, or take on apprentices, it may be worthwhile locating close to educational establishments.
Scope for expansion
When weighing up options for commercial properties, London businesses should bear in mind potential to accommodate future growth. Moving premises can be expensive, so it is a good idea to choose a location that offers scope for expansion.
Even if the property itself may not accommodate your business as it grows, choosing a location that offers larger premises that you could move to but stay in the same area in which you’ve become known could be beneficial.
Lookng for commercial properties in London? Here are some ideas…
Here’s a look at some of the best commercial properties London has to offer:
1 Vincent Square, Victoria London SW1 – for rent – great transport links
1 Vincent Square can be found midway between St James’s Park Underground Station and Pimlico Underground Station, served by the District, Circle and Victoria Lines. Victoria Station is also within easy walking distance, offering links to the south east of England and Gatwick Airport. The purpose built office block offers a commissionaire, showers, bicycle storage, car parking by arrangement, two passenger lifts and air conditioning.
13-15 Canfield Place, Finchley, London NW6 – for rent – quiet location
These self-contained mews offices at 13-15 Canfield Place are well situated next to Finchley Road Underground station on the Jubilee and Metropolitan Lines, yet provide a quiet location. Just a few minutes’ walk from the O2 Centre which abounds with eateries, retail outlets and leisure facilities, this property provides office space arranged over the first and second floors. A high quality fitted kitchenette, shower facilities, air conditioning, attractive architectural features and plenty of natural light make the property all the more appealing.
3 Gough Square, Midtown, London EC4A – for rent – modern facilities
This period style building at 3 Gough Square sits in a discreet location and is easily accessible via Chancery Lane Underground (Central Line), Blackfriars (District and Circle Lines and Thameslink) and Temple (District and Circle Lines), all of which are within convenient walking distance. The extensively modernised property offers ample facilities, including a comfort cooling system, a 5-person automatic lift, stylish common areas, a video entry phone, reception services, conference rooms, showers and a fitted kitchenette. Georgian sash windows on both elevations deliver ample natural light.
1 Rochester Mews, Camden, London NW1 – for rent – great area for media and arts
This fully fitted office at Suite 1, 1 Rochester Mews offered with flexible lease options, boasts six secure car parking spaces, shower facilities and cycle storage, air conditioning, electric blinds, fitted kitchens and an audio entry system. The office overlooks an attractive shared landscaped garden. The locality is well known as an area for business, social and leisure, with a number of leading media, arts, entertainment and commercial firms calling Camden home. Transport links are excellent, with Camden Town Underground station on the Northern Line and Camden Road British Rail station nearby.
Seeking commercial properties in London? Talk to Mellersh & Harding, the capital’s property experts
At Mellersh & Harding, we have an extensive portfolio of commercial properties London wide. Why not get in touch today to discuss your specific requirements? You can reach our dedicated team on 020 7522 8500.