News Sep 13 23

Why a Ready-Built Terraced Factory for Lease is the Ideal Solution for Your Business‍?

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In today’s fast-paced business world, time is money, and having a space that is ready for immediate use can give you a significant advantage over your competitors. With a ready-built factory for rent, you can bypass the lengthy and expensive process of constructing a new facility from scratch.

Scroll down to discover more about the major advantages of leasing factories over constructing them.

Leverage your business: Advantages of leasing a ready-built terraced factory for lease

Ready-built terraced factory for lease
Leasing a ready-built factory is more cost-efficient than building one. Photo from Wikimedia

Cost savings with a ready-built factory

Constructing a new manufacturing facility can be a lengthy and expensive process. From acquiring land to obtaining permits and hiring construction teams, the costs can quickly add up. In contrast, a ready-built terraced factory provides a turnkey solution that eliminates the need for extensive construction and minimises upfront costs.

In addition to the savings on construction costs, a ready-built terraced factory for lease also offers ongoing operational expense reductions. These purpose-built units are designed with energy efficiency in mind, incorporating features such as insulation, natural lighting, and modern heating and cooling systems. As a result, you can benefit from reduced utility bills and long-term savings on operating expenses.

Location benefits of ready-built terraced factories

Proximity to transportation networks is particularly important for businesses that rely on the efficient movement of goods. A ready-built terraced factory is typically situated near major highways, ports, and airports, allowing for seamless transportation and distribution. This means that you can reduce transportation costs and improve the overall efficiency of your supply chain.

In addition to transportation benefits, a ready-built terraced factory for lease also offers a supportive business environment. Industrial parks often attract a diverse range of businesses, creating opportunities for collaboration and networking. By leasing a factory in such a location, you can tap into a thriving business community, potentially leading to partnerships, joint ventures, and increased market reach.

Security and maintenance of ready-built terraced factories

When it comes to your manufacturing facility, security is of utmost importance. Usually, ready-built factories are equipped with advanced security systems, including surveillance cameras, access control systems, and perimeter fencing. With these measures in place, you can have peace of mind knowing that your valuable assets and sensitive information are well protected.

Additionally, a ready-built terraced factory for lease offers the advantage of professional property management. The property management team is responsible for ensuring the security, cleanliness, and maintenance of the entire facility, which means that you can focus on running your business without having to worry about the day-to-day upkeep of the building.

Flexibility and scalability of ready-built terraced factories

As a business owner, flexibility and scalability are essential for adapting to changing market conditions and expanding your operations. A ready-built terraced factory offers the flexibility you need to customize the space according to your unique requirements.

In specific, most ready-built factories for lease are constructed with expansion in mind, offering the potential to add extra floors or units as your business grows. This means that you can scale your operations without the hassle of relocating or undergoing extensive renovations.

Furthermore, the flexibility of a ready-built terraced factory extends to lease terms. Unlike traditional real estate options, which often require long-term commitments, these factories offer flexible lease terms that can be tailored to your business needs.

Steps to leasing a ready-built terraced factory

A simulation of CORE5 Hai Phong's landscape.
A simulation of CORE5 Hai Phong’s landscape. Illustration from CORE5.

Identify the requirements and conduct research

Now that you understand the benefits of a ready-built terraced factory, let’s explore the steps involved in leasing one. The process typically starts with identifying your specific requirements and conducting research to find a suitable terraced factory that meets your needs. Consider factors such as location, size, amenities, and lease terms.

Visit the site

Once you have identified a potential terraced factory and made a list of suitable choices, it’s important to visit the site yourself and check its suitability. Take note of the layout, infrastructure, and any customization options available. Engage in discussions with the property management team to clarify any concerns you may have.

Negotiate the lease terms

After deciding on the most suitable property, it’s time to negotiate the lease terms. This includes determining the duration of the lease, rental rates, maintenance responsibilities, and any additional fees or charges. Please remember to review the lease agreement carefully and seek legal advice if necessary to ensure that you fully understand the terms and conditions.

Complete the necessary paperwork

Next, you will need to complete the necessary paperwork and provide any required documentation, such as proof of business registration and financial statements. Be prepared to pay an initial deposit and any upfront fees as specified in the lease agreement.

Start manufacturing

Once all the paperwork is in order and the necessary payments have been made, you can move into your new, ready-built terraced factory. Work closely with the property management team to coordinate the logistics of the move and ensure a seamless transition.

For foreign investors who have just come to Vietnam, this procedure is quite complicated and tricky. Let the experts help you complete all these long processes so that you can prioritise operating the business.

Contact CORE5 for an in-depth consultation on leasing factories in Vietnam.

CORE5 Hai Phong, the modern, top-notch industrial park project in Northern Vietnam, will be launched in June 2023.
CORE5 Hai Phong, the factory village with terraced factory for lease near Hanoi, Vietnam, will be launched in June 2023. Photo from Báo Công Thương

In short, a ready-built terraced factory for lease offers an efficient and cost-effective solution for your business’s manufacturing needs. From cost savings and location benefits to security, maintenance, and flexibility, these purpose-built units will provide businesses with numerous advantages over traditional construction options, which will definitely satisfy all your high demands.

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