Commercial Property Questions

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Started by leaseholdanswers, 03-08-2013, 13:42 PM
13 responses
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Last Post desamax
by desamax
 
Started by vicks, 26-03-2015, 03:06 AM
1 response
2,225 views
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Last Post Farrella  
Started by vicks, 09-04-2015, 08:39 AM
1 response
3,047 views
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Last Post Pegasus86  
Started by vicks, 04-06-2014, 01:50 AM
4 responses
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Last Post vicks
by vicks
 
Started by Richard Webster, 03-10-2017, 18:26 PM
2 responses
115 views
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Last Post rentreviewspecialist  
Started by timaloy, 05-10-2017, 08:12 AM
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Last Post timaloy
by timaloy
 
Started by Jonty1951, 18-09-2017, 18:10 PM
3 responses
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Last Post IParsons  
Started by David Thomas, 01-10-2017, 12:11 PM
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Last Post David Thomas  
Started by Hafsah, 22-09-2017, 15:22 PM
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Last Post LondonSW  
Started by comm1985, 17-08-2016, 10:11 AM
19 responses
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Last Post kmach
by kmach
 
Started by Croman, 06-06-2013, 12:11 PM
6 responses
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Last Post kmach
by kmach
 
Started by MiserableTenant, 16-09-2017, 18:49 PM
2 responses
53 views
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Last Post MiserableTenant  
Started by CaveMan, 28-08-2017, 15:24 PM
3 responses
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Last Post CaveMan
by CaveMan
 
Started by islandgirl, 11-09-2017, 14:18 PM
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Last Post islandgirl  
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  • Investing in commercial property
    londonrulz
    Hello All,
    I am an experienced residential landlords with quite a few years of experience. I have come across a commercial property investment opportunity in west midlands. The property itself is an old bank building in a town centre with few charity shops around but the council is planning regeneration...
    25-09-2018, 08:51 AM
  • Reply to Investing in commercial property
    ash72
    You wont be getting the £20k pa, therefore most lenders may not give you a loan, check with a broker. You may be liable for business rents check.

    The property may be vacant, but the lease the bank had may not have expired so you need to check the status. I would get a commercial valuer...
    25-09-2018, 09:55 AM
  • Reply to Investing in commercial property
    londonrulz
    I should have been clearer. It is a building which was owned by a bank, but now vacant and being advertised for rent/sale right now.
    25-09-2018, 09:37 AM
  • Commercial Tenant Not Paying Rent?
    fredlandlord
    My family owns a small shop this is leased. The tenants did not pay the rent in July, paid in August and have paid £1 of the £500 rent for September which they paid late. They have made no provision to sort out their now £999 arrears. We have never had this problem before with the shop. Can anyone...
    06-09-2018, 09:06 AM
  • Reply to Commercial Tenant Not Paying Rent?
    ash72
    What does your lease agreement say about non-payment of rent, and notices - you should follow this as a guidance, and if there is any associated costs which can also be recovered from the Tenant.

    Check in the first instance why they aren't paying, how long have they been a tenant, do you...
    25-09-2018, 09:23 AM
  • Reply to Investing in commercial property
    ash72
    You can get most of your answers by talking with a commercial mortgage broker, who can give you a free quote on the rates etc.

    ROI is dependant on what you require, I've seen CP's with ROI of 0.5% to over 25%, you just need to make sure it pays any loans otherwise you will struggle to get...
    25-09-2018, 09:16 AM
  • Commercial Property Question
    willcec
    Hello All,

    This is going to sound like a bit of an odd question but here goes.

    Im setting up a BDSM dungeon and was wondering which commercial property category it would fall under?

    Thanks in advance!
    24-09-2018, 11:30 AM
  • Reply to Commercial Property Question
    ash72
    Sui Generis

    24-09-2018, 15:32 PM
  • Reply to Commercial Tenant Not Paying Rent?
    Flashback1966
    You first need to find out why they are not paying. You need to communicate with them first. Is it a temporary blip, or have they run into financial difficulties.

    You need to consider your options, if the property become empty, you may be liable for Business Rates,if you can't re-let it...
    21-09-2018, 20:44 PM
  • Reply to Commercial Tenant Not Paying Rent?
    neilt
    Years ago, I had a tenant like this. I took professional advice and after fourteen days of not receiving the rent I sent them a letter stating that unless the full rent was paid by close of business, 3 days from the date of the letter, I may repossess with all legal costs payable by the tenant/guarantor...
    19-09-2018, 10:44 AM
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