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Commercial Property Barnet

How to decide where to base your new business and some local options for start-ups.

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Business Premises? Office? Shop? Industrial Unit? Serviced Offices? Warehouse Unit? Factory? Restaurant? Workshop? Or Start from Home?

Whether you choose to work from home or are looking to rent or buy a business premises, you may like to read our commercial property articles which cover the various options for small business or new business start ups. (We also have a section dedicated to working from home.)

A list of useful contacts in Barnet who are keen to help you can be found below.

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Alternatively you can contact Andy Pringle at andy@syob.net and he can help guide you with more information or suggest the best person to contact.

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Home or Away

Deciding where to run your business could be determined by the nature of your work, running a restaurant from home is probably not a good idea and a window cleaning business is unlikely to need swanky offices!

Work from home

Working from home is definitely the cheapest option, but not always the best. You will need to ensure that you can separate home and work life. Will you be able to motivate yourself and concentrate, or possibly even moretempting—avoid the temptation to work all the time Advantages: Cost, convenience, easy to set up, the kettle is close by! Disadvantages: Domestic distractions, possibly lone working, holiday cover, the kettle is close by!

Top tip! Check to make sure that your lease/house deeds do not prevent you from operating from home. If required, obtain permission from your landlord or building society.

Office or workspace

Starting in an office or workshop will involve higher set up costs than working from home but may be more appropriate particularly if you are planning to employ staff or if your customers come to you. There are important health &safety issues that you will need to be aware of if you are planning to work from any premises. The HSE (Health & Safety Executive) offer free explanatory leaflets at http://www.hse.gov.uk

Lease

A lease is a contractual agreement to rent a property. But do you rent or buy Your financial situation could decide this for you, but if you chose to lease/rent, think extremely carefully about the implications. Lord Forte is famously quoted as saying three most important considerations are LOCATION, LOCATION, LOCATION! However, the better the location the higher the rent!

Who is responsible for repairs

Take legal advice. You want security, but do you want the legal obligation and for how long Business success or failure may mean that you need smaller/larger premises in the future. Ask about a ‘break clause’ which could present an ‘escape route’ at a defined point.

Purchase

Purchasing your property could prove to be an attractive long-term proposition. You will be giving yourself security of tenure, possibly an asset that will rise in value, and any repayments will be reducing your loan rather than simply paying rent to somebody else. You will need to use a solicitor to conduct the purchase, and definitely pay for a full structural survey.

License

With a license, the property owner is effectively saying “OK, you can occupy my property for a while, but I can interrupt at any time and ask you to leave.” The advantage to the owner is obvious, but it can also be a flexible and inexpensive way for a new start to move into premises. Licences are usually relatively short term.

Serviced Offices

Working from your garage or garden shed can appear amateur to prospective clients and lack the kudos of an official business address. But there is an alternative that will keep you sane without bankrupting your business before it’s even off the ground. Renting a desk in a shared office offers the best of both worlds. You’re still your own boss, but you’ll have the business support services, such as internet connection, a receptionist, meeting rooms and technical support, all available on site. You’ll have total autonomy, but feel like you are part of a community.

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Barnet Commercial Property

Squarepoint Chartered Surveyors
Squarepoint Chartered Surveyors is dedicated to offering clients reliable, transparent property advice with an attentive and client-centric service. Working with residential and commercial property across London and beyond, see the website for a full range of services or call the team today to discuss the specific needs of your project. Should you have any questions, the friendly team will be happy to help you.
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Office Space In Town Ltd
We provide serviced office space on flexible terms to businesses and individuals. Our offices are always located in the business district of the town or city close to train stations, shops and amenities.
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Abbey Locks
Abbey Locks is a reliable and friendly locksmith based in North London. We are available 24 hours a day, 7 days a week, to change your locks, replace your locks after an emergency and offer security surveys.
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Easy Office Ltd
Easy Office - Serviced Offices provide office space and are located in Hendon. For information on offices and to arrange a viewing please phone Easy Office - Serviced Offices on 020 7871 1200 or visit them at Merit House.
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Newman Webb
Newman Webb is an independent firm of Chartered Surveyors and Property Consultants established in 2010. We are a multidisciplinary firm offering a full range of services such as Property Valuations, Rent Review, Lease Renewals, Lease Negotiations, Lease Enfranchisement, Commercial Agency, Development Consultancy and Town Planning.
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Wood Green Works, Haringey
Wood Green Works is a spacious and creative new workspace in the heart of Wood Green, North London. Carefully designed and immaculately presented in partnership with Mayor of London and Haringey Council, Wood Green Works provides an affordable platform for creative entrepreneurs and growing businesses to thrive and prosper. Covering 13,000 sq ft split over two floors, Wood Green Works offers coworking, dedicated office space and meeting rooms all supported by a full-time Hub Manager alongside collaborative space for events, workshops and training.
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