Searching for Mixed use property to add to portfolio
Searching for Mixed use property to add to portfolio
Author
Discussion

IceBoy

Original Poster:

2,449 posts

238 months

Wednesday 23rd December 2020
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Hi All,

I'm looking for my next income generating property and the ideal would be a retail shop with 2-4 flats above.

The area is not important as long as the complete property is generating income from day one with a yield of between 7-9%.

So which websites or companies would you suggest, that I use for search for my next venture?

Prime Property Agents have sent me a couple of emails with some great off market properties, which tick all my boxes......However, they want £6000 finders fee up front to take the property off the market, so I can progress! Anybody have experience??

IceBoy

XGT

95 posts

146 months

Thursday 24th December 2020
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Hi, I have a few mixed use properties they can be good investments. When I have used an agent to source it has been 1% + vat payable on completion. I wouldn't agree to pay any fee in advance.
Best option is go and talk to local commercial agents and build a relationship with them.
Any other q's feel free to ask

soxboy

7,052 posts

236 months

Saturday 2nd January 2021
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For commercial there's still no better substitute than doing homework on who is best in an area and picking up the phone to discuss you requirements.

cerberaperv

83 posts

142 months

Monday 4th January 2021
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IceBoy said:
Hi All,

I'm looking for my next income generating property and the ideal would be a retail shop with 2-4 flats above.

The area is not important as long as the complete property is generating income from day one with a yield of between 7-9%.

So which websites or companies would you suggest, that I use for search for my next venture?

Prime Property Agents have sent me a couple of emails with some great off market properties, which tick all my boxes......However, they want £6000 finders fee up front to take the property off the market, so I can progress! Anybody have experience??

IceBoy
I’m a developer and investor in the NW. I’ve currently got access to a couple of mixed use units, that fit your requirements. Get in touch if you want the info. They are off market.