3 top tips for relocating your business

Posted by Endeavour Partnership LLP on 05/12/17

Legal

Looking to relocate your business?

Here are 3 top tips from Commercial Property expert Amie Leyden.

Ask yourself “why?”

It is important to establish why you are relocating so that you can ensure you get the right type of property to suit your business needs! Amongst the usual considerations such as location, size, cost, accessibility etc. it is important that you think about whether or not you want to rent or buy.

Do you need the ability to move quickly? Can you afford a capital asset?

There are lots of considerations to weigh up before you can decide what is best for you and your business both in the short and in the long term. Investigate You should spend some time to assess the nature of the area you are relocating to so that you can ensure it is the right move for you and your business. Equally, you should also ensure you carry out the right amount of due diligence on the property to ensure that you are fully aware of any matters that might affect your business plans. Sometimes the matters revealed at this stage can make or break a decision/deal so it is important to do it properly and thoroughly.

To help you do this…… Seek advice!

When making such a big decision for which you are investing both time and money, it is important to ensure that you get the right advice from the right people. Consider whether or not you need to take financial or tax advice.

Consider whether or not you need to get a survey done on the property and of course ensure you get the right legal advice to ensure that you realise your relocation goals.

If you are considering a move, start as you mean to go on! Keep these three top tips in mind to help you to stay focused. Get in touch and our dedicated team of commercial property lawyers will be on hand to help you every step of the way.

Speak to Amie for your advice today.