my invisible text
Categories
  • TIMELINE

Advice on Unit Size & Price please?

<<

User avatar

Premium Member
Premium Member

Posts: 894

Joined: Thu Aug 12, 2004 11:07 am





Post Sun Jan 20, 2008 1:48 am

Advice on Unit Size & Price please?

Hi All

I'm looking for a new unit as we have long outgrown our current workshop.

Have looked at many ranging from 2000 to 3000 sqft and the price variance per square foot surprises me.

Anyhow I can go for a new build 2500 sqft plus about 300 sqft office for £12K a year, location on mid sized industrial unit.

I guess many of you will not wish to reveal what you pay for your space but those who feel they can then how does this compare to you? Cheap/Dear/Average??

Cheers
Macky
<<

4 Star Contributor

Posts: 311

Joined: Tue Apr 27, 2004 9:03 am





Post Sun Jan 20, 2008 9:34 am

Depends entirely on how much money you make and if the cost of the unit justifies it, the location, if you need passing trade etc...

Around me industrial units tend to go from £6 - £12 per square foot, but it is a very expensive area for commercial property.

My 'unit' costs me £0 per year, is big enough for what I need and is conveniently situated 5 seconds walk away from my front door :wink:
<<

User avatar

Premium Member
Premium Member

Posts: 11109

Joined: Tue Apr 30, 2002 11:04 pm





Post Sun Jan 20, 2008 12:28 pm

Around here prices are about £6 a sq ft for a modern industrial unit. We can expect to pay about £1200 a year (+ Rates and VAT) for a 2,000sq ft unit - so in comparison you're price looks good.
<<

User avatar

Premium Member
Premium Member

Posts: 894

Joined: Thu Aug 12, 2004 11:07 am





Post Sun Jan 20, 2008 2:17 pm

Yes Phill that what I was thinking.

It'll take 4 months to build which coincides nicely with the 6 months we've got left on the last place and the best bit is that we can specify the internal layout of office size, print/vinyl area, workshop etc. The downside is they want a 9-year term but the unit could easily have a mezzanine added for further expansion. Mind you if the annual rent is fixed as per my last unit then £12k for the year by the 9th year will be even better.

Cheers
Macky
<<

2 Star Contributor

Posts: 113

Joined: Thu Feb 08, 2007 7:51 pm





Post Wed Jan 23, 2008 12:45 am

I have been looking as well, both in Glos & Notts.
Glos, £800 p.c.m will get a 2k-3k of footage. So that's £10k p.a.
Notts, albeit w/o the roller shutter, but can get car's, escorts etc in, i'm getting @ 7-800 sq ft for £4,250 p.a. It's on a hugely busy road and is below my sunbed business ! So i'll look good as well !

It's all about location. T.b.h, i did find a "new" unit, 700 sq ft for £360 + vat in a village called Mitcheldean, but it is a "Village". Perfect size though for a starter upper like me...

Craig
<<

5 Star Contributor

Posts: 1138

Joined: Mon Apr 23, 2007 8:57 pm





Post Wed Jan 23, 2008 1:01 am

We pay £200 p/week for 600 sq/ft in the South East.
<<

User avatar

1 Star Contributor

Posts: 93

Joined: Wed Nov 01, 2006 11:10 am





Post Wed Jan 23, 2008 1:13 am

Macky

That looks good value to me.

We pay £1300 rent and £600+ Bus Rates per month on 1800sq ft near Gatwick.
The rent I can cope with, the rates are a disgrace and appear to be designed to put small businesses in the sh1t before they start (hot)

Rant over. Soz. :oops:

Cheers. Nick.
<<

User avatar

Premium Member
Premium Member

Posts: 8523

Joined: Fri Jun 17, 2005 10:43 am

Country: United Kingdom (uk)




Post Wed Jan 23, 2008 2:16 am

Nick Walker wrote:Macky

That looks good value to me.

We pay £1300 rent and £600+ Bus Rates per month on 1800sq ft near Gatwick.
The rent I can cope with, the rates are a disgrace and appear to be designed to put small businesses in the sh1t before they start (hot)

Rant over. Soz. :oops:

Cheers. Nick.


it makes me wonder just how some businesses ever do get going, i reckon in the three years i've been going, i've seen about a dozen of my 'new business' customers disappear. i'l be honest, if it wasn't for my mrs working, i'd not be earning enough to live most of the time. it's steadily getting busier, and i know a unit will bring more work if the location is good, but a good location cost big money down here!
<<

User avatar

5 Star Contributor

Posts: 1696

Joined: Tue Dec 23, 2003 11:11 pm





Post Wed Jan 23, 2008 11:56 am

Blimey :o I am paying more than the Gatwick prices in a small west coast town with no good industrial units.

Time to move.

Dave
<<

User avatar

Premium Member
Premium Member

Posts: 6591

Joined: Tue Nov 05, 2002 11:19 pm





Post Wed Jan 23, 2008 1:12 pm

DaveBruce wrote:Blimey :o I am paying more than the Gatwick prices in a small west coast town with no good industrial units.

Time to move.

Yeah, move down here Dave.

I'll retire and you can rent mine. :D
<<

User avatar

Premium Member
Premium Member

Posts: 2643

Joined: Mon Jun 13, 2005 2:37 pm





Post Wed Jan 23, 2008 1:38 pm

Phill wrote: We can expect to pay about £1200 a year (+ Rates and VAT) for a 2,000sq ft unit


Blimey Phil, that's good I'm moving up your way...
don't upset me and tell me you've missed a zero out somewhere :D


Macky doesn't sound bad, just 9 years is a long time handing over rent, wouldn't you consider buying a place if the business is sound and growing which it sounds like yours is :-?

I want to be looking at buying somewhere when my lease is up in a couple of years, BTW I pay £5 psqf on a small ind est with not much passing trade, I think if your reasonably established location isn't the be all and end all.
<<

User avatar

Premium Member
Premium Member

Posts: 894

Joined: Thu Aug 12, 2004 11:07 am





Post Wed Jan 23, 2008 1:54 pm

Hi Martin

Would love to buy but can't due to the absolute brilliance of my ex-wife's divorce lawyer!!! (BUT don't get me started on that).

I'm going to go back and see about reducing the 9-years to 5 or 6-years if possible - If i think back to what I was doing 9-years ago I didn't even have the slightest idea that (a) I'd be in signs and graphics (b) I'd have my own business. To be honest I could have said the latter up until about 3-years back. Who knows what in 9-years. Oil will have run out so no vinyl/plastics and we'll all be hand painting wooden signs and taking them to site on our Mercedes Trotter 2 horse power cart (pulled by two horses)

Macky
<<

User avatar

Premium Member
Premium Member

Posts: 2643

Joined: Mon Jun 13, 2005 2:37 pm





Post Wed Jan 23, 2008 2:15 pm

Macky D wrote:Hi Martin

Would love to buy but can't due to the absolute brilliance of my ex-wife's divorce lawyer!!! (BUT don't get me started on that).

I'm going to go back and see about reducing the 9-years to 5 or 6-years if possible - If i think back to what I was doing 9-years ago I didn't even have the slightest idea that (a) I'd be in signs and graphics (b) I'd have my own business. To be honest I could have said the latter up until about 3-years back. Who knows what in 9-years. Oil will have run out so no vinyl/plastics and we'll all be hand painting wooden signs and taking them to site on our Mercedes Trotter 2 horse power cart (pulled by two horses)

Macky


oop's :( sorry to hear about the buying situation Macky.

9 years time...long way off be interesting to see how the market stands then. oh to have a brief glimpse into that crystal ball.

M
<<

User avatar

5 Star Contributor

Posts: 7257

Joined: Fri Jul 15, 2005 11:32 pm





Post Wed Jan 23, 2008 2:20 pm

Macky D wrote:we'll all be hand painting wooden signs and taking them to site on our Mercedes Trotter 2 horse power cart (pulled by two horses)

Macky


Cool!!! So I'll keep the brushes then??? :D
<<

User avatar

Premium Member
Premium Member

Posts: 11109

Joined: Tue Apr 30, 2002 11:04 pm





Post Wed Jan 23, 2008 4:38 pm

Martin Cole wrote:
Phill wrote: We can expect to pay about £1200 a year (+ Rates and VAT) for a 2,000sq ft unit


Blimey Phil, that's good I'm moving up your way...
don't upset me and tell me you've missed a zero out somewhere :D



oops - that should have read £12,000 a year for 2,000 sq ft.
<<

User avatar

Premium Member
Premium Member

Posts: 2643

Joined: Mon Jun 13, 2005 2:37 pm





Post Wed Jan 23, 2008 4:50 pm

Phill wrote:
Martin Cole wrote:
Phill wrote: We can expect to pay about £1200 a year (+ Rates and VAT) for a 2,000sq ft unit


Blimey Phil, that's good I'm moving up your way...
don't upset me and tell me you've missed a zero out somewhere :D



oops - that should have read £12,000 a year for 2,000 sq ft.


Damm

I've just just booked some one way tickets to Scotland Phill ready to set up business.
I'll see if I can ebay em now :D
<<

5 Star Contributor

Posts: 1138

Joined: Mon Apr 23, 2007 8:57 pm





Post Wed Jan 23, 2008 11:36 pm

Does anyone know how the small business rate relief works? We're looking at a 1200sq ft that is about £3200 a year rates but I hear you can get 50% rate relief if you're a small business?
<<

5 Star Contributor

Posts: 4225

Joined: Thu Dec 07, 2006 9:31 pm





Post Wed Jan 23, 2008 11:39 pm

There yer go that's how it works.
<<

User avatar

Premium Member
Premium Member

Posts: 3218

Joined: Mon Feb 10, 2003 11:30 am

Country: United Kingdom (uk)




Post Thu Jan 24, 2008 12:46 am

Hi
depends on the rateable value of the property. At a rateable value of £5000 you get the full 50% entitlement, you then loose 1% for every £100 that the rateable value is over the £5000. So with a rateable of £6000 you would get 40% relief etc.

Kev
<<

5 Star Contributor

Posts: 1138

Joined: Mon Apr 23, 2007 8:57 pm





Post Thu Feb 14, 2008 2:32 pm

Another question on this; what is the usual cost for solicitors when it comes to going over the lease agreement? One we spoke to said 6 hours at £200/hr!
<<

User avatar

5 Star Contributor

Posts: 3558

Joined: Fri Aug 05, 2005 11:55 am

Country: United Kingdom (uk)




Post Thu Feb 14, 2008 2:47 pm

jonm01 wrote:Does anyone know how the small business rate relief works? We're looking at a 1200sq ft that is about £3200 a year rates but I hear you can get 50% rate relief if you're a small business?


Only if you have just one business. If you have 2, you don't get relief on either.
I was getting relief of around £300 py, when we took on the pub, (me as partner, not sole) we started paying rates of £7000/yr and got a bill for the rest of my signmakers rates.

I really don't understand how that works :evil:
<<

User avatar

3 Star Contributor

Posts: 262

Joined: Thu Jan 12, 2006 7:53 pm





Post Thu Feb 14, 2008 2:56 pm

Is it not something to do with the total rateable value of all properties? It has been a while since I looked into it but I seem to recall something about if the total rateable value is less than £10k you can still claim relief. Might be wrong :-?
<<

User avatar

Premium Member
Premium Member

Posts: 8343

Joined: Sun Mar 31, 2002 1:00 am





Post Thu Feb 14, 2008 3:17 pm

Mine were about the same as Phill's about £6 a sqft with rates on top and then a service charge to the landlord for keeping the estate up to scratch. It was the cost of electric that really got me because you had to buy through the Landlord and couldn't source your own supplier which made the electric a lot more than it could have been.
I take it it will be a full repairing lease so at least with a new built unit you shouldn't have to much to pay out in repairs to begin with.
If you get a say in the layout for offices, work space etc could you also have some sort of say in what type/height door you have to ensure you can get high top vehicles in?
<<

User avatar

1 Star Contributor

Posts: 54

Joined: Thu Nov 23, 2006 12:10 am





Post Mon Feb 18, 2008 7:15 pm

I have managed to bag my place for £80 per week, just outside Heathrow, its a small industrial estate and the owner includes the rates on the premises along with electric. Its 750 sqft, He said if you dont have toilets in your premises the rates are much cheaper and he can afford to include them. Of course I have all this in writing with the contract and I move in next month. Think its a lucky find though.
<<

5 Star Contributor

Posts: 1138

Joined: Mon Apr 23, 2007 8:57 pm





Post Mon Feb 18, 2008 8:36 pm

jonm01 wrote:Another question on this; what is the usual cost for solicitors when it comes to going over the lease agreement? One we spoke to said 6 hours at £200/hr!


Can anyone answer this?
<<

User avatar

Premium Member
Premium Member

Posts: 8343

Joined: Sun Mar 31, 2002 1:00 am





Post Mon Feb 18, 2008 9:14 pm

Think it's a difficult question to answer as there are a lot of differences to take into account as well as location.

If it's any help when I moved into a unit about 6 years ago it cost me just over £1000 in Solicitors fees but the Shop I started in about 7 years ago I think it cost me more than twice that.

Lloyd I would say that you have a very lucky find there at £80 per week including rates. 750 sq ft might be a little on the small side depending on what sort of work you are doing but at that sort of price I would have taken it anyway just like you have done.
<<

User avatar

1 Star Contributor

Posts: 54

Joined: Thu Nov 23, 2006 12:10 am





Post Mon Feb 18, 2008 10:47 pm

Thanks Martin.. you are right it is a little on the small side, but at the minute I am working from an 8ft x 6ft shed and thought the progression has to be worth it, as long as I can get a nice big bench then I am happy.

fees vary so much depending on so many factors and how much leg work you can do yourself, from experience in companies I have worked for shops do tend to be more money than units to set up. Just look at the costing and you will be able to tell if you think you are being ripped off.

Return to General Sign Topics



 

About
Contact
Board Rules
Membership
Terms & Conditions

 

Signapp - iPhone & iPad
Signapp - Android
Vehicle Wrap Training
Vinyl Application Training
Vehicle Wrap Accreditation
UK Sign Group
Site Membership
Advertising
Videos
British Signs & Graphics Assoc.

 

 Facebook
 Twitter
 Youtube
 Linkedin

 

Who is Online

In total there are 72 users online ::
3 registered, 0 hidden and 69 guests
[based on past 5 minutes]

Most users ever online was
370 on Tue Aug 28, 2018 5:02 pm

Registered users:
Luke Culpin, Phill Fenton

Copyright © 2000 - 2019 Robert Lambie