Visakhapatnam is the fourth largest harbor in India, located north of the mouth of the Godavari River on the northern Sarkar coast of Andhra Pradesh. It is the headquarters of Visakhapatnam district and the center of the Eastern Command of the Indian Navy. There is a shipbuilding factory here. Visakhapatnam is also known as Vizam. Visakhapatnam is the fourth largest port of India.
While considering any commercial property to buy or commercial property for rent, especially to run your own business is a cost-effective decision. But before deciding to make any purchases, it is incredibly crucial to consider a few vital aspects. They must be studied carefully along, and none should be ignored, thinking it's not essential or might never affect your business.
Analyse The Neighbourhood
Location is imperative as there might be certain areas that are more affected by the economic downturn and a commercial property provide returns through two avenues— rent and capital appreciation. Both of which are heavily dependent on the location.Also, functional connectivity via road, rail or water transport is required to run the business successfully.
Keep in mind - Accessibility
User-friendly services like parking, lift, security, etc. must also be carefully studied while finalizing the commercial propertyin Visakhapatnam. Something like a parking space is easily forgotten about. And if the property is located near to any means of public transport, such as a train station or a bus stop, there are ways for employees to travel into work.
However, if you are based in an out-of-town location, a car park is a valuable asset – not just for your staff but also for the clients that visit.
Warehousing in Visakhapatnam
With manufacturers rethinking global supply chains, the need for Grade Awarehousing to store finished products is becoming paramount
Important Tips for site selection
· The most important is location of warehouse.
· The land should be flat enough so that there is no land filling required.
· Should have excellent approach road to the land / plot
· The plot / land should have good width on the road for better movement of vehicles.
· The layout of the warehouse will depend on the shape of the land, so ideally it should be square or rectangle. Any odd shape of land will amount in high wastage of land.
Conclusion
However, over the course of time, the trends in buying commercial property have been changed. Now, even the middle and lower section of the society are active participants in purchasing new properties. Considering this, there's been a considerable rise in the construction of commercial property for sale in Visakhapatnam.