Anyone out there bought commercial property???
Am just in the throws of exchanging contracts on an office block i have just bought and am sh!ting myself!! I know its the right thing to do but its gonna soooo cock up my cashflow. Words of reasurrance please needed:(
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:eek:
You don't wanna do that !! |
Is it occupied? Whats the return ( %) ? What kind of tenants?
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I have been renting office space for the past 7 years and did a MBO less than a year ago. My landlord has just put the rent up to £20k plus £2k maintance charge on a building that has wasps dropping out of the light fittings and the floor is moving!!!!! ( caught up in th Brum tornados last year). Have found an office for £320k, which in the long run is cheaper than paying rent!
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Thanx for your help
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JUst do it and get the bank to help if you need to extend your cash flow for a while. It is much better to own a freehold than to pay rent.
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Originally Posted by Luan Pra bang
JUst do it and get the bank to help if you need to extend your cash flow for a while. It is much better to own a freehold than to pay rent.
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Difficult to say as TB says depending on situation. Saying that I'm still a firm believer that with well bought property you can't go wrong in the long run
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Originally Posted by TopBanana
Many a business has gone under following that thinking :nono:. It depends on the circumstances
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Originally Posted by MJW
The easiest way is to form a seperate property company to buy the building, then rent it to your own firm.
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