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Reply to: Quick Cheap Loans
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Previously on "Quick Cheap Loans"
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Trying to move back down to Bath. Its a fantastic city. I need to upgrade from Tat to Nearly Tat.
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Originally posted by AsterixAm I the only one that can't spot the bleeting obvious here? MF has got some spare stock of gifts etc and he wants to get rid of it, right. He's not prepared to flog it wholesale or set up an internet point of sale but instead he's prepared to pay £ 170k to buy a shop and use it as premises. But he hasn't even got that far.
a. Is this a wind-up ?
b. Is he trying to tell us that he's got a spare £ 120k in the bank ?
c. Is he as bad in business as he is he's making out to be ?
I'd say yes to all 3.
My 2p.
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Surely there are places closer to where MF normally sleep rough with Metro paper over him when he is in "between contracts" mode.
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Why Bath anyway? I hear it is a good place to be from quality of life point of view, one of my lecturers in Poly said that. Suppose now that MF's tat shop for chavs is going to be open, he'd change his mind.
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Even if it's no good as a shop, it's still commercial property and freehold commercial properties are rare. If it's not getting passing trade then it's still good as offices or storage or even converted to residential if you can get permission. In my opinion.
I know of someone who bought a big run-down Georgian building and converted it to offices - and boy has he done well out of it.
MF - I would get the proper searches done on it if I were you, before you part with any money.Last edited by oraclesmith; 21 September 2006, 18:50.
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I hope your venture will be successful MF - you sure one brave chap to buy shop for cash in an area where you did not trade. I take it your retail experince allowed you to determine foot fall from the first sight.
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AtW.
How long is a short-hold tenancy?
How long is a license?
How long is a lease?
How long is a virtual freehold?
How long is a leasehold?
How long is a freehold?
Now please tell me you didnt ask that question.
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Originally posted by MarillionFan"bridge loan" Will do. Cheers.
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"Why did not you rent it for 3 months then, why blow 170 grand on it?"
You didnt really ask me that question did you? Please say AndyW asked that question disguised as you!
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