In some ways, it looks like an OK tool. However, I think you can develop a floor stand for a bench top machine that will consume no more space than this one does. The problem with any narrow base is that the thing is so top heavy that it will easily tip over.
The other thing I don't like is fooling around with changing belts to change speeds. If you asked many people here, most would have to admit they don't change speeds depending on the material you're drilling, or the type of drill bit you're using. You want a low speed for larger bits or brad point bits.
I have a WEN benchtop sitting on a small roll around stand. It has a very long post and a reasonable distance between post and quill. More important, it has a Rockwell drive so changing speeds means moving a lever on the side of the machine. A digital readout tells you the RPM. Since I got this, my drill work has improved, less tearout and splintering because I change speeds so easily.
I chose WEN because I have and like some of their other tools, and specifically because the casting marks on my WEN are identical to those on the much higher priced JET drill press. It is pretty heavy, but if you're strong, you could store it out of the way and bring it out only when needed. Lots of options in a small shop.
My small band saw sits on a stand made from a cheap and narrow kitchen cabinet. It has shelves inside for storage and I put a 3/4 base on it to mount casters. Works for me and I can store things, including extra blades. It is also top heavy, but that's very hard to overcome. No way to make a tall DP stable inless you add a large wooden base, and even then it will be squirrely.
Here's the Amazon listing, but you should check the online price at HD, where I bought mine. Arrived in a nice box to the store, not a beat up one that's been dropped on its way to you. And from HD or even WalMart online, if something's wrong, you can just return it. https://www.amazon.com/WEN-4214-12-I...s%2C236&sr=8-1