Guides/How to let an industrial unit
How to let an industrial unit
A practical guide to preparing an industrial unit, marketing it to the right occupiers and working through the letting process.
Letting an industrial unit takes more than putting up a listing. Before marketing begins, make sure you understand the property, the likely occupier and the terms you are prepared to offer.
Prepare the property and information.
Start with a clear record of the unit’s condition, floor area, access, loading facilities, power supply and any office or welfare space. Check what uses may be permitted and whether there are restrictions on the site.
Gather the information an occupier is likely to ask for, including rent, business rates, service charge, insurance costs, lease terms, and the availability date. You may also need to provide an Energy Performance Certificate (EPC) when marketing a commercial property. Check the requirements for your property before it goes online.
Set the terms before marketing.
Decide whether you are offering a new lease, an assignment or another arrangement. Consider the proposed rent, lease length, rent review, break options, repairing obligations and any incentive. These points can affect the type of occupier you attract and the level of interest.
A commercial property agent can help present the offer and handle enquiries. A solicitor should advise on the lease wording and the legal obligations it creates.
Manage enquiries and viewings.
Respond promptly and ask prospective occupiers about their business, intended use, space requirements and timescale. A viewing is an opportunity to check whether the unit suits their operation and to answer practical questions about access, services and the surrounding site.
Once terms are agreed in principle, the parties can record them in heads of terms for their solicitors. Heads of terms help set out the proposed deal, but the lease itself contains the binding obligations.
Before the occupier moves in
Allow time for legal checks, references, insurance arrangements and any agreed works. Record the property's condition at handover and confirm who is responsible for keys, utilities, and site access.
If you are considering letting an industrial unit, North360 can discuss the property, your plans and the support you need.