It is important to consider sustainability and the energy efficiency of your new property, as this can have costly implications.
An Energy Performance Certificate (EPC) rates the energy efficiency of a property using an A-G grading system.
Suppose you are aware that your specific operations use a lot of energy.
In that case, prioritising a property with a higher rating may be worth prioritising, as this will result in lower utility bills.
However, sellers know how attractive this is to buyers, meaning a higher EPC rating often comes with a higher purchase price.
It is also worth noting that the government intends that by 2030, all commercial properties will have a minimum rating of 'B', a significant jump from the current requirement of an 'E' rating.
Therefore, purchasing a property with a rating already at 'B' or above is advisable, so this is not a future concern.
Sustainability can also improve your company's reputation, a quality that is becoming increasingly attractive to potential employees; therefore, prioritising this when selecting a property may contribute to boosting your employee retention.
This could significantly impact your company, as certain areas within the manufacturing industry are facing a shortage of skilled workers.
If you believe your operations fall within these areas, this is even more reason to prioritise sustainability in your search for a property.
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