Commercial premises – what is it? Learn the definition
By definition, a service premises is a room or a set of rooms intended for purposes other than residential purposes. As the name suggests, it is a place where various types of services are provided. The service premises can be used for :
- running a business, e.g. as an office space or specialist practice;
- providing services, e.g. shops, restaurants, hairdressing salons, or even educational institutions;
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What is the difference between a commercial premises and a commercial premises?
Commercial premises and commercial premises are concepts that are often treated interchangeably. However, there are differences between the terms - primarily in the method of rental and use . In the case of commercial premises, such detailed requirements do not apply. Thanks to this, this type of property is suitable for a much wider range of activities than a service premises.
Commercial premises may include spaces such as:
- offices,
- specialist offices,
- real estate used for production purposes,
- industrial warehouses.
A commercial premises may include not only residential and office spaces, but also additional rooms, such as a basement. However, a service premises must be perfectly adapted to the specific nature of the business carried out there.
What are the characteristics of a service premises?
A commercial premises is a type of real estate that consists of one or more rooms. However, this is not a necessity. Unlike a commercial premises, a commercial premises may cover all rooms in a building . However, this is possible provided that there are no living quarters in the building.
One of the key features of service premises is their functionality . Such a place should be designed to be adapted to the specificity of a given industry. The space in a service premises can be used in many different ways, depending on the type of business.
For example:
- A catering establishment must have a properly equipped kitchen, a warehouse and a dining area where guests will eat their meals.
- The office may have a specially designed space with workstations, e.g. open-space, and separate rooms for meetings or conferences, as well as space for desks and computers.
- In the case of stores, the space can be used to display advertising and sell products.
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Is it worth investing in a service premises?
Investing in a commercial premises has its advantages and disadvantages. In practice, finding a commercial premises can be more difficult and time-consuming than searching for commercial premises. Moreover, renting a commercial premises is usually more expensive. Such an investment often requires incurring higher financial costs, because the fees cover not only the rental of the space itself, but also equipment and facilities.
However, choosing a service premises can bring many benefits. Higher costs translate into higher standards. Such a premises will meet the requirements necessary to run a business, and this may bring long-term financial profits. Therefore, it is worth spending more time finding the right premises tailored to the needs of your company.
Are you interested in this topic? Discover more in the guide: Commercial real estate market - guide
Investing in a service premises – what should you pay attention to?
Investing in a commercial premises, although it may seem simple at first glance, requires appropriate preparation and precise analysis. What key factors should be taken into account?
- Location – the service premises should be in a good location so that customers have easy access to it.
- Technical condition - when accepting the service premises, it is worth checking, for example, the sewage system, without which you cannot run a catering business.
- Agreement – it is important to agree and write down all issues related to the rental, e.g. regarding the deposit, terms of terminating the lease agreement or liability for repairing damage.
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