Rent or buy

[Pilky]

We are looking to move into bigger premises, nothing too grand, 1500-2000 sqft.
We intend to install a mezzanine level (6-800 sqft)to accomodate our current production endevours, whislt then running 4-6 vehicles race/rally/trackday etc on the graund level with one 2 poster ramp etc.etc
Question is in the title, should we look at buying something outright (intrest only mortguage?) or renting in this finantial climate. A unit that is sutable(one of 6) has been built less than a mile from home and is currently available at £5.50 per sqft plus rates and site charges.
Any thoughts appreciated
Ian

[Pilky]

Thanks for that guys. We are up on merseyside so I guess things are less expensive than darn sarf! There are some cheeper units but tend to be much older single height buildings. Ive tried looking for farm/rural places but without much luck.
The letting agent has said if we were to take a longer lease ie 5 instead of 3 years then there would be a few months rent free up front thrown in..and any building of structures inside may be taken into consideration also...
Ian