Buying Commercial Property
Discussion
Jockman said:
Do you have any funds i your pension that could buy it?
How long is left on the lease?
Sadly not, I am only in my mid 20's so I have not been paying in long enough! I could probably buy a mid sized rep mobile with my pension pot How long is left on the lease?
drainbrain said:
Spotted this in your approximate area and on the assumption that you prefer owning in your area. Nice sounding figures.
http://www.rightmove.co.uk/commercial-property-for...
I had only been looking in my local area. That is not too far away and has a much more attractive yield! I might extend my looking into Wales.http://www.rightmove.co.uk/commercial-property-for...
Vocal Minority said:
supercommuter said:
Sound advice. I am chasing the yield not the building. It was a potential step into commercial property. I am unsure to be honest. It is a lot to have tied up in one business building. Although there is potential to turn it into smaller units in the future and increase yield further. There is also yard land as well....the more i say it, maybe i am chasing the building.
I am going to sit and have a think. Thanks for all the advice!
ETA: Modern in South West. The rent is a little low if you ask me.
Well best of luck with whatever you decide old chap - if you do see the potential in it, there's no harm doing sums. Just remember to price everything up and remember to pitch your return against every item of expenditure. Do it at todays values and assume growth at your peril!I am going to sit and have a think. Thanks for all the advice!
ETA: Modern in South West. The rent is a little low if you ask me.
Property law, especially with regards to lease renewal, is considerably more nuanced than you may get with a resi investment. And the holding costs if vacant can really spiral. Professional advice really is your friend on these issues.
However, so long as you make sure you cover all of the angles and plan well property is a relatively stable and productive investment. Reasonable return without the rapid volatility in capital values of stocks and shares. Though obviously less liquid and far from immune to market forces (but that goes for anything really)
If it's your first time, honestly, instruct a surveyor who knows the market well - it maybe the best couple of hundred quid you spend in the long run. Seriously.
Best of luck, and remember to base all decisions on what YOU want out of it.
Edited by Vocal Minority on Friday 19th August 17:06
I have the deposit funds sat in a number of diverse shares at the moment so I am not super rushed! I want to make sure I am fully clued up so I will take the advice from this thread.
Thanks
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