Publish Date: 24/06/2020
Considering an investment move into a profitable industrial asset? An excellent choice considering the fact that industrial property investment represents a current trend on the rise among investors due to its limited supply and generally offers a stable and lucrative rental yield in comparison to residential and commercial properties. Still, here are some key fundamentals to look out for when choosing a good industrial property: -
Location remains the single most important fundamental when investing in any sort of properties and particularly more important when it comes to good industrial property. This is clearly evident to most business owners or tenants whose core business comprise of distribution, light production and warehousing of goods that naturally require convenient access to major highways and close proximity to airports or shipping ports to help lower transportation costs. Industrial properties located within established industrial parks equipped with wide access roads and large cul-de-sacs will help ease truck / trailer circulation that are appropriate for heavy vehicular traffic than older and unintended industrial areas. Lastly, industrial parks which are centrally located within or nearby established townships and amenities can also benefit business owners and tenants with better opportunities in staff recruitment.
In recent years, a growing trend among many expanding business owners or manufacturers are the semi-detached factory typology due to its flexible sizes and sophisticated designs that can enhance the owner’s corporate branding. Using the semi-detached factory for example, the ideal built-up area should be approximately 10,000 sqft with a land area ranging from 8,000 -15,000 sqft. In terms of an optimum dimension, the building should have a minimum width of 30 feet with a minimum eaves height of 25 feet to cater for most business operations. In addition, semi-detached factory types offers its own carpark bays that eliminates the unnecessary time for their employers/ employees to look for car park or pay for parking fees in comparison to typical shop offices or terrace factories.
Business owners investing in industrial properties often seek out building layouts with double volume areas, high ceilings and open floor plans to enable multiple functions within their respective business operations for maximum efficiency. The goal is for long-term use and to have sufficient capacity to accommodate to business expansion purposes rather than invest heavily in relocation cost.
Typically, the floor loading for industrial properties to cater for heavy storage items should have a minimum loading of 5 kN/sqm. This aspect is especially important when considering the floor usage for storage purposes while most common office space will essentially require a minimum of 3 kN/sqm only.
The standard and minimum requirement for electricity supply by most business owners and tenant within industrial properties ranges from 150-200 Ampere (Amp). Having 3-Phase power supply within your industrial property is equally important to have the ability to connect to higher power loads like water heaters, air-conditioners and machineries with constant power.
At Novus Business Park Glenmarie, our 4 ½ Storey Semi-Detached Factories are ideally suited to satisfy the above requirements and beyond regardless you are a business owner seeking to expand your business or an avid property investor.
With only 5 units available, make an appointment with our sales personnel today for more details at 012–228 8925 or email us at enquiries@novusbusinesspark.com