You’ve finally decided that it’s time to start your own business, and the first thing you need to do is find the right warehouse for sale in Melbourne. You may have a few ideas on what kind of space you want, but if you don’t know exactly what kind of warehouse or industrial property you need, these four tips will help get you on your way toward finding just the right fit for your business.
1) Determine What Size You Need
There are three factors to consider when determining how much space you need. The first is your business type: For example, smaller companies that require lots of short-term storage space may want a larger warehouse with more drive-in doors than one meant to hold goods in high-security areas, like jewelry or pharmaceuticals. Likewise, if you use your warehouse primarily as office space, you might not need lots of storage space at all and instead opt for a few floors of workstations and filing cabinets.
2) Check Pricing Differentials Across Multiple Regions
The cost of buying and renting warehouses varies depending on the location. Compare rates in multiple regions to find out which offer the best deal for your company, and also what each region has to offer. Different business models will benefit from different types of warehouses, so be sure to consider where you will be operating when searching for a warehouse.
3) Don’t Lose Sight of the Details When Negotiating
When buying a warehouse, you will want to avoid these common pitfalls and focus on the details. Ask yourself questions like: Does this building have enough parking spots? How can I make this property attractive to potential clients? Can the building be remodeled easily? 、Which access points are best for entering and exiting each business unit and loading dock? Is it in a visible location or does it need signage to improve visibility from nearby highways or roads?
Keep it legal! The most important thing to remember when negotiating with potential buyers is to be careful. The most important thing to remember when buying real estate is that you want to make sure everything goes smoothly, legally and without a hitch. Asking all of these questions up front will help you save time, money and even stress down the road. And if you do encounter any problems down the line, you will know exactly who to call on for assistance. Make sure your realtor has experience in warehouses or industrial properties before you start looking. They should have lots of contacts that they can turn to quickly during negotiations as well as after your property has been purchased. Ask around in your local business community about good realtors with expertise in warehouses or industrial space sales.
4) Consider Logistics as Well as Location
In order to decide on a warehouse, you’ll need to consider where your product will be shipped from and where it will be delivered. A location that is centrally located or has transportation infrastructure can help ensure speedy deliveries. Try not to place a warehouse near a major trucking route, which can cause significant traffic problems. In addition, you’ll want to think about how delivery times might change depending on whether your site has more than one loading dock. For example, if you ship out of one dock and receive at another, but both docks are on opposite sides of a large parking lot, customers might experience increased travel time because they’ll have to park their cars in one lot before moving across the lot in order to drive up the other dock ramp.