36 ads Industrial Space to Rent in East London, London

What should I check for in the lease agreement for a commercial industrial property in East London?

Carefully review the lease agreement, paying close attention to the length of the lease, rent review clauses (how often and by what mechanism rent can be increased), break clauses (your right to terminate the lease early), repair obligations (who is responsible for what repairs), and permitted use clauses (ensuring your business activities are allowed). Seek legal advice before signing.

What are some important factors to consider when assessing the location of an industrial property in East London?

Consider factors such as proximity to transport links (roads, rail, airports), access for large vehicles, availability of parking, local labour pool, security of the area, and any potential environmental concerns. Also, research the surrounding businesses to ensure compatibility with your operations.

What type of insurance is typically required for a commercial industrial property rental in the UK?

Typically, you'll need public liability insurance to cover potential injuries to visitors or damage to their property. You may also need contents insurance to protect your own equipment and stock. The lease agreement may specify other required insurances, such as building insurance (which may be the landlord's responsibility).

What are the business rates implications when renting an industrial property in East London?

Business rates are a tax on non-domestic properties used for commercial purposes. The amount payable depends on the rateable value of the property. You'll need to contact the local council (e.g., Tower Hamlets, Hackney, Newham) to determine the rateable value and applicable rates. Small business rate relief may be available if your business meets certain criteria.

What should I consider regarding utilities and services when renting an industrial unit?

Check the availability and cost of essential utilities such as electricity, water, gas, and internet. Enquire about the capacity of the electrical supply to ensure it meets your business needs. Also, investigate waste disposal arrangements and security services available in the area.