Northern Plan B'ers

[MarillionFan]

Latest list of commercial property for auction. Mostly up North, some very interesting pubs in receivership for sale.


Allsop LLP Commercial Online Catalogue - Auction Home

[milanbenes]

great site MF thanks

will keep my eye on that one

this item looks like something from the Ukraine not from Bedfordshire !!

or, is that how Bedfordshire looks ?

Milan.

http://www.auction.co.uk/commercial/...12/acbpl81.jpg

[eek]

Its the joys of late 1960's early 1970's architecture. You have to be insane to want to work there.

[Troll]

Latest list of commercial property for auction. Mostly up North, some very interesting pubs in receivership for sale.


Allsop LLP Commercial Online Catalogue - Auction Home

What kind of yield would you expect from that ? there seems to be lots of empty commercial property in the SE at the moment - must be worse oop North

[Spacecadet]

What kind of yield would you expect from that ? there seems to be lots of empty commercial property in the SE at the moment - must be worse oop North

Yield? Why the fook do you think it's empty in the first place!

[DimPrawn]

Yield? Why the fook do you think it's empty in the first place!

Got to laugh at the "business" minds here.



If sasguru were still alive he might even call them cretins.

[Troll]

Yield? Why the fook do you think it's empty in the first place!

So you buy empty property just to keep it empty and get no return

This new fangled investing model is interesting

[eek]

So you buy empty property just to keep it empty and get no return

This new fangled investing model is interesting

I think most people are missing a fact here.

The owner of an empty office is liable for business rates unless they find a tenant and so an empty business premise is not an investment its a milestone around your neck.

If there isn't a reserve the actual value of that building is probably 0 as it will cost you thousands a year until a tenant appears.

[Troll]

I think most people are missing a fact here.

The owner of an empty office is liable for business rates unless they find a tenant and so an empty business premise is not an investment its a milestone around your neck.

If there isn't a reserve the actual value of that building is probably 0 as it will cost you thousands a year until a tenant appears.

That's what I was alluding to- also you have to factor in security to stop the pikeys getting in and afaiaa insurers do not give void property insurance

Sooooo 250k from your bank account,no tenant on the horizon, overheads won't go away difficult to get change of use and knock down and turn into residential

Where is the upside?

[MarillionFan]

That's what I was alluding to- also you have to factor in security to stop the pikeys getting in and afaiaa insurers do not give void property insurance

Sooooo 250k from your bank account,no tenant on the horizon, overheads won't go away difficult to get change of use and knock down and turn into residential

Where is the upside?

Offsetable, tax relief and the opportunity to make a bundle in the future.

I was looking at a shop for sale down in Hampshire with a 13% yield. Of course won't go fo that, but then saying that the last one I saw(where I couldnt be bothered to go to the auction) was up for start £55k with a £7.5K a year rent with a long term tenant. It only went for £57k!