Three top tips for Mackay businesses moving to a new home

Relocating business premises is exciting. Often the evidence of business growth and prosperity, it’s one of the most significant tasks undertaken.

If relocating is on your agenda, here are just three top tips you may find helpful:

Understand Compliance Obligations

Land and building use regulations are two of the main compliance frameworks to satisfy. Before beginning to search for your commercial property, invest time in identifying whether your business can seamlessly relocate to your desired location or whether relevant applications for changes of use will be needed.

While this detail is available online, it can be complex – seeking professional advice from relevant specialists will eventually save you time, money, and energy.

Allow Time, Then Some More Time

Suitable commercial property may be thin on the ground so start looking early.

Online commercial property sites and registering your interest with a commercial property agent is a good place to start but complement this effort with your own on-the-ground research.

For example, driving the streets in your desired location may reveal unlisted vacant properties worth pursuing directly with the property owner.

And remember – dry gullies and dead ends will be par for the course – just keep looking.

Mitigate the Risks

The more moving parts there are to a relocation exercise, the more risk it likely carries.

If your relocation is complex, over a protracted period, and conditional upon factors not within your control, take the time to identify the precise risk and the likelihood of this risk eventuating.

Then plan and execute your mitigation strategy – it may come at an additional cost but consider it insurance against your business being homeless.

Relocation can be a lengthy exercise demanding sustained energy and effort – keep your eye on the higher goal.

And be sure to celebrate when it’s done. Good luck!