Lots of people are looking to earn additional income to supplement their full-time earnings. The cost-of-living crisis has exacerbated this need. Meanwhile the Covid-19 pandemic opened the eyes of many to the importance of doing what you love most.
Are you planning on starting a new side hustle that you hope to turn into a fully-fledged business one day? If so, it might be advantageous to start as you mean to go on by separating your side hustle from your existing home and work life.
It’s even more essential that your side hustle has a base of its own if you’re trading goods or products with customers. If you’re importing items from across the UK and overseas, the last thing you want is to have to store them and clutter up your own home.
Alternatively, you might be launching a creative side hustle that requires you to design and manufacture products yourself. In which case, you’ll need a tailormade space that feeds your creativity and gives your hustle the best platform from which to grow.
If you’re dipping your toe into the commercial property market for the first time as an entrepreneur, we’ve got you covered. Below, we explore the primary considerations for choosing a suitable workshop space for your new venture. We’ll even throw in some recommendations for available units within the Pall Mall Estates portfolio.
Location, location, location
The location of your side hustle workshop should be uppermost in your thoughts. It should be within easy reach of your home and/or workplace, making it possible to visit before or after work and even during weekends. Consider workshops and studio spaces within easy reach of tube or train stations.
It may even be beneficial to look for a workshop or studio that has dedicated car parking, making it possible to drive to your base whenever you need. Working off-site, but within proximity to your home, is a great benefit for your side hustle, allowing you to switch-up your mindset to take your passion forward.
Access and storage space
If your side hustle requires the storage of an inventory of goods or products to sell, you’ll need a workshop that has adequate access points. Ideally, a roller shutter door would work best for unloading deliveries, as well as a central yard that allows vans and lorries to get on-site.
You’ll also need to get creative with the storage of your product inventory. As it’s a side hustle, you’re unlikely to have the budget to afford thousands of square feet of space solely for storage. Space-saving storage will be critical to maximise the remaining floor space for any design or production efforts.
Speaking of design and production, you’ll want your workshop environment to not only be safe and secure for your stock, but an inviting place to work and innovate. Choose a unit that allows you to work free from distractions, with an abundance of natural light, period features and character, creating a workspace with genuine personality.
Explore our high-value, low-cost workshops to let on flexible terms
- Wild’s Rents, Bermondsey
This 300 sq. ft workshop is a property brimming with character. Once an 18th century tannery, this unit offers versatility and personality within easy reach of London Bridge and Borough Market. It’s very rare to find a workshop space available so close to central London for just £12,000 per annum.
- Copenhagen Place Workshops, Limehouse
Situated within London’s Zone 1 public transport area, this 1,598 sq. ft space is a stunning period unit, complete with a useful loading and unloading dock. The property is surrounded by an established commercial and retail area, within easy reach of London’s Docklands by rail and road.
- Hither Green Lane, Lewisham
Our modest unit overlooking the corner of Hither Green Lane is the ideal creative studio or workshop for those starting out with their side hustles. This 141 sq. ft space is well-equipped with power sockets and connectivity, with additional yard and loading access to send and receive goods.
If you’d like further details about any of the high-value, low-cost workshop and studio spaces mentioned above – or any other available workshop within our portfolio – get in touch with our friendly and experienced team today.
Give us a call on 020 8986 7221 or drop us a line using our online enquiry form for more information or to arrange a property viewing in person.