Purchasing an office in Burgess Hill
Buying an office building in Burgess Hill can be an expensive option in the short term as you will have to finance the purchase either using business capital or through a lender. You will be fully responsible for all costs for the building both to buy it as well as maintain it. Buying office space in Burgess can be a good option if the following criteria are met:
- You have spare capital that could not otherwise be used
- You have certainty over the size of office required in the long term
- You have specialist requirements that may require your office to be adapted
The advantages of purchasing an office in Burgess Hill include:
- You have control over your space, subject to planning and other legislation you would be able to design and develop your building as you wish
- The building can be branded and adapted to suit your needs.
- You can control when maintenance work is carried out.
The disadvantages of buying an office building in Burgess Hill include:
- High up front costs, purchase costs, stamp duty, VAT (on some buildings), legal costs and surveys etc.
- Limited flexibility if your business outgrows the space or hits leaner times and downsizing is needed
- Business rates, depending on the size of the building and your business, can amount to a significant amount of money each year
- Maintenance and servicing your offices are all your own costs to bear.