22 ads Commercial & Retail Properties to Rent in Barking, London
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What are the key considerations when choosing a commercial property to rent in Barking?
Consider factors such as location (proximity to transport links and target market), size and layout (does it suit your business needs?), condition of the property (are there any necessary repairs?), lease terms (length, break clauses, rent review), and permitted use (ensure your business activity is allowed under planning regulations). Also, investigate the local business rates and any service charges associated with the property.
What legal checks should I perform before signing a commercial lease in Barking?
Engage a solicitor to conduct thorough legal checks. These should include verifying the landlord's ownership, reviewing the lease agreement for onerous clauses, ensuring the property has the necessary planning permissions for your intended use, and checking for any outstanding environmental liabilities. Also, consider a commercial property search to identify any potential issues.
What should I look for in a commercial lease agreement in the UK?
Pay close attention to the length of the lease, rent review clauses (how often and on what basis will the rent be reviewed?), repair obligations (who is responsible for what repairs?), break clauses (can you terminate the lease early, and under what conditions?), permitted use (what activities are allowed?), and assignment/subletting rights (can you transfer the lease to someone else?). Ensure you fully understand your responsibilities and liabilities under the lease.
What are the common costs associated with renting a commercial property in Barking, beyond the rent?
Beyond the monthly rent, expect to pay business rates (a tax levied by the local council), service charges (covering maintenance of common areas), utilities (electricity, gas, water), insurance (building and contents), and potentially VAT on the rent. You may also need to factor in legal fees, surveyor fees, and costs associated with fitting out the property.
What are some key safety considerations when inspecting a commercial property to rent?
When viewing a property, assess the fire safety provisions (fire alarms, extinguishers, escape routes), check for any potential hazards (e.g., asbestos, structural issues), and ensure the property is secure (adequate locks and security systems). If the property has gas appliances, ensure they are regularly serviced and have valid safety certificates. Also, consider the accessibility of the property for employees and customers with disabilities, in accordance with UK legislation.
