Showing interest in a property or land not on the market
Discussion
Hi guys.
I seen a few old small commercial building just rotting away or even small chunks of land fenced off and would be interested in them. How shall I go about showing my interest in them for what I feel is the right price.
I was tempted to write a small letter just saying I am interesting in purchase if you are looking to sell please call me on xxxxxxxxxxx.
Would this be ok? Or is there a better way.
I seen a few old small commercial building just rotting away or even small chunks of land fenced off and would be interested in them. How shall I go about showing my interest in them for what I feel is the right price.
I was tempted to write a small letter just saying I am interesting in purchase if you are looking to sell please call me on xxxxxxxxxxx.
Would this be ok? Or is there a better way.
Sounds as good as any to be honest.
I made an informal offer on the last remaining building on the edge of a plot I own and was pleasantly surprised to have it accepted to the point where I gues I probably paid more than I could have done!
Problem with 'how much is it worth' is exactly that, it's only worth what it is to whoever buys it (if you see what I mean) and regardless of the fact I may have paid more than I could have the building/land finished my little 'trading estate' and was worth far more to me in any event.
Also of note is the current government change of use policy which if your local council are adopting may be of interest and I (for example) had a 1200sq ft building changed from agricultural to offices/warehouse with no problems whatsoever. This has an impact on re-sale and of course opens up the scope of buildings of interest to purchase.
I made an informal offer on the last remaining building on the edge of a plot I own and was pleasantly surprised to have it accepted to the point where I gues I probably paid more than I could have done!
Problem with 'how much is it worth' is exactly that, it's only worth what it is to whoever buys it (if you see what I mean) and regardless of the fact I may have paid more than I could have the building/land finished my little 'trading estate' and was worth far more to me in any event.
Also of note is the current government change of use policy which if your local council are adopting may be of interest and I (for example) had a 1200sq ft building changed from agricultural to offices/warehouse with no problems whatsoever. This has an impact on re-sale and of course opens up the scope of buildings of interest to purchase.
Sounds as good as any to be honest.
I made an informal offer on the last remaining building on the edge of a plot I own and was pleasantly surprised to have it accepted to the point where I gues I probably paid more than I could have done!
Problem with 'how much is it worth' is exactly that, it's only worth what it is to whoever buys it (if you see what I mean) and regardless of the fact I may have paid more than I could have the building/land finished my little 'trading estate' and was worth far more to me in any event.
Also of note is the current government change of use policy which if your local council are adopting may be of interest and I (for example) had a 1200sq ft building changed from agricultural to offices/warehouse with no problems whatsoever. This has an impact on re-sale and of course opens up the scope of buildings of interest to purchase.
I made an informal offer on the last remaining building on the edge of a plot I own and was pleasantly surprised to have it accepted to the point where I gues I probably paid more than I could have done!
Problem with 'how much is it worth' is exactly that, it's only worth what it is to whoever buys it (if you see what I mean) and regardless of the fact I may have paid more than I could have the building/land finished my little 'trading estate' and was worth far more to me in any event.
Also of note is the current government change of use policy which if your local council are adopting may be of interest and I (for example) had a 1200sq ft building changed from agricultural to offices/warehouse with no problems whatsoever. This has an impact on re-sale and of course opens up the scope of buildings of interest to purchase.
It depends who owns the land at the moment. Some sites will already b owned by someone who is planning a redevelopment but may be waiting to acquire other land to make it work. Its also worth being aware that the supermarkets have large landbanks and hav put development off recently. They might be reducing their landbanks as a result.
Certainly if you don't ask there is no hope of getting!
Certainly if you don't ask there is no hope of getting!
Well thats good to know.
There are two sites I am interested in. One is a old abondonded building, I would say it is around 2000 sq meters in floor space with parking outside it for maybe 6 cars but it has been unused for approx 6 years; it does have fencing outside it with a security firm details on it. They probably just don't want riff raff to be living inside.
The other is a piece of land within a commercial business park. Lots of warehouses, large and small and this site is at the very corner with fencing and a large gate for entry, Again its not been used at all in over 5 years so both make me think someone owns them but doesn't know what to do with them.
I understand value is what each part feels it to be but it was just more the approach. If they get in touch, I will make an offer, if they accept great, if not then no hard feelings.
Hopefully I will write up a small letter and attached it to the fencing of each site and see if they get any respense.
Will be interesting to see if I do.
There are two sites I am interested in. One is a old abondonded building, I would say it is around 2000 sq meters in floor space with parking outside it for maybe 6 cars but it has been unused for approx 6 years; it does have fencing outside it with a security firm details on it. They probably just don't want riff raff to be living inside.
The other is a piece of land within a commercial business park. Lots of warehouses, large and small and this site is at the very corner with fencing and a large gate for entry, Again its not been used at all in over 5 years so both make me think someone owns them but doesn't know what to do with them.
I understand value is what each part feels it to be but it was just more the approach. If they get in touch, I will make an offer, if they accept great, if not then no hard feelings.
Hopefully I will write up a small letter and attached it to the fencing of each site and see if they get any respense.
Will be interesting to see if I do.
HoHoHo said:
Might be worth contacting the security company to see if they'd be willing to pass on the owners details?
I thought of that too, I thought as a worst case I could give them my details to pass on to the owner if they don't give me the details due to confidentiality. I have seen other small pockets of land I am interested in but trying to find out who owns it is such a pain.
I'd have thought identifying the owner through the land registry would be a better bet, land in a modern business park will undoubtedly be registered, older commercial maybe not, but still worth the few quid it costs for a search. Then you have a name or a company and an address to write to rather than pinning an envelope to a fence, which seems on a par with writing to santa and sending it up the chimney.
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