Why go for residential lets and not Commercial?

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    Why go for residential lets and not Commercial?

    Hi,

    I'm was just curious,

    Why do investors go for residential lets and all the tenant problems that go with it,and not commercial/industrial which are hassel free?

    Regards
    Alien1x

    #2
    Have you ever watched how long voids appear to be on many commercial lets?

    P.P.
    Any information given in this post is based on my personal experience as a landlord, what I have learned from this and other boards and elsewhere. It is not to be relied on. Definitive advice is only available from a Solicitor or other appropriately qualified person.

    Comment


      #3
      The void issue can apply to any class of property investment, its all about location,location,location.

      With commerciall you have much more secure agreements of min 5 year lease.
      If its an estabilshed buisness,then void times/re-newals should not be a problem.

      However, I have noted that they are very expensive especially good freeholds.

      Regards
      Alien1x

      Comment


        #4
        You are right 'Wickerman', it all sounds very complex.

        I'm just investigating other avenues of property investment with out all the hassels of residentail lets.

        Like some People I know have done without specialist knowledge and now own a chain of freehold retail properties.

        However, I will seek more info on the commercial forum of this site.

        Regards
        Alien1x

        Comment


          #5
          Originally posted by ALIEN1X View Post
          You are right 'Wickerman', it all sounds very complex.

          I'm just investigating other avenues of property investment with out all the hassels of residentail lets.

          Like some People I know have done without specialist knowledge and now own a chain of freehold retail properties.

          However, I will seek more info on the commercial forum of this site.

          Regards
          Alien1x
          Main reason for residential: you don't need a surveyor.
          In commercial let, T likely to request consents to this & that. If you don't have a surveyor, experienced T will have its own surveyor run rings around you.
          JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
          1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
          2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
          3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
          4. *- Contact info: click on my name (blue-highlight link).

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