Tel. +44 (0)20 7287 4414
Tel. +44 (0)20 7287 4414
The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.

Bruges Group Blog

Spearheading the intellectual battle against the EU. And for new thinking in international affairs.

6 Essential Factors to Consider Before Buying Business Property

When it comes to investing in property for your business, there are several factors to consider before making a final decision. Whether you are a first-time buyer or a seasoned investor, it is crucial to evaluate the key elements that can impact the long-term success of your investment. In this article, we will highlight six essential factors to consider before buying business property. So, if you're ready, let's get started: 

Location, Location, Location

The location of your business property can make or break your business. A prime location can help attract customers and boost your sales, while a poor location can deter them. Before buying a property, it is essential to research the local area and surrounding businesses. You should ensure that the property is in an area that is easily accessible to your target market, has good transportation links, and is visible to potential customers. The location should also be consistent with the image and brand of your business. On the other hand, a poor location will only deter customers. It is essential to research the local area and surrounding businesses before making a decision.

Size and Space

The size and space of the property you are considering are also critical factors to consider. Will you need additional space in the future? Is the layout suitable for your operations? These are some questions to ask yourself before committing to a property. You should evaluate the needs of your business and whether the property can accommodate them. For example, if you need storage space, make sure the property has sufficient storage areas. You should also consider whether you will need additional space in the future as your business grows. The layout should also be suitable for your operations, and you should check if there are any zoning restrictions that could limit the use of the property.


The cost of the property is another crucial factor to consider. Determine your budget and ensure that the property you are considering is within your price range. You should also consider other expenses that come with owning a business property, such as taxes, maintenance, and utilities. Additionally, you should factor in any renovation costs if the property needs work.

However, if you're short on money, don't despair. You should consider finding HDB properties for sale since they're cheaper than regular ones. The Housing and Development Board (HDB) is a government agency that builds and manages public housing in Singapore. HDB properties are often affordable and well-located, making them an attractive option for businesses. However, it is important to note that there may be certain restrictions when it comes to using HDB properties for commercial purposes. 

 Condition of the Property

The condition of the property is critical as it can affect the value of your investment. It is essential to inspect the property thoroughly before making an offer. Look for any signs of damage, such as cracks in the walls or a leaky roof. You should also check the plumbing, electrical, and heating systems to ensure they are in good working order. Or, you can simply schedule an inspection and a professional will finish the job for you. If you find any issues, you should factor in the cost of repairs when deciding whether to make an offer.

Future Development Plans

It is also important to consider any future development plans in the area. For example, if there are plans for a new highway or commercial development nearby, it could impact the value of your investment. You should research local planning authorities and check for any upcoming projects that could affect the area. Additionally, you should consider the potential for the property's future appreciation.

Financing Options

Before purchasing a business property, you should consider your financing options. Speak to your bank or financial advisor to determine the best option for your business. It is important to consider the interest rate, repayment terms, and any other fees associated with the loan. You should also ensure that you have sufficient funds to cover the down payment and closing costs.

Investing in business property requires careful consideration of several essential factors. By evaluating these factors, you can make an informed decision that will help your business succeed in the long term. Remember to research the local area, evaluate the size and space, determine your budget, inspect the condition of the property, consider future development plans, and explore your financing options. And if you're in Singapore, don't forget to check out HDB properties for sale! You'll be glad you did!

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Director : Robert Oulds
Tel: 020 7287 4414
Chairman: Barry Legg
The Bruges Group
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Founder President :
The Rt Hon. the Baroness Thatcher of Kesteven LG, OM, FRS 
Vice-President : The Rt Hon. the Lord Lamont of Lerwick,
Chairman: Barry Legg
Director : Robert Oulds MA, FRSA
Washington D.C. Representative : John O'Sullivan CBE
Founder Chairman : Lord Harris of High Cross
Head of Media: Jack Soames