Buying The Office

[SDarks]

I have rented our current office for the last 5 years, great location and we are very happy here + lots of room for staff expansion. There are 3 offices in the block and all three tenants inc me have just renewed leases for at least 5 years. The block has also just had the roof replaced and all windows replaced.

The landlord has offered to sell me the block for a multiple of 10 times the combined annual rents. He made a comment about it being a good pension asset but didn't explain.

I don't have the cash to purchase outright personally so would have to mortgage, not sure how that works as I've only ever had residential mortgages. The business could purchase outright but not sure it's the best use of company funds.

Any experts out there who know the ins and outs of this any advice would be appreciated.

Edited by SDarks on Monday 13th March 12:35

[SDarks]

Thanks for all the replies I'm leaning toward the personal purchase if feasable but need to do some DD and speak to the professionals.

Will start a thread if I do eventually become a commercial landlord.

SD.