Let to Travel Agent
Price: £239,000
10 % Yield
Rent: £25,000 pa
Lease remaining 4.5 years
Does anyone still potential problem with this?
2007-05-27 05:19:24 · 6 answers · asked by Zee99 3 in Business & Finance ➔ Renting & Real Estate
The property is 7 year old, fully kitted out. It is being sold by my friend who wants to build apartments on Red Sea. He needs money for this project and the tenant is happy there and their business is very good.
2007-05-27 08:21:13 · update #1
Commercial property can be a high wire act. Be sure you aren't looking at cooked books. If the property is viable, the builder should be able to get financing for his new project based on the existing building's value, not needing to sell it. Proceed with caution.
2007-06-03 16:19:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Since this looks good, why is it being sold. How old is the property, how much will be required for upkeep and reairs over the next 5 and 10 year periods?
2007-05-27 12:23:32 · answer #2 · answered by ttpawpaw 7 · 1⤊ 0⤋
Look at the current contact. Property taxes. Default terms...
2007-05-27 12:28:58 · answer #3 · answered by Holi 1 · 0⤊ 0⤋
YES I SEE ONE MINOR PROBLEM AND ASK IF YOU HAVE PLANNED FOR IT,MAINLY IF THE PRESENT TENANT MOVES DO YOU HAVE A BACK UP PLAN TO CARRY THE PROPERTY FOR SIX MONTHS IF IT BECOMES VACANT.WHAT IS THE VACANCY RATE FOR LIKE PROPERTYS.FINALLY WHATS THE CASH FLOW LOOK LIKE?
2007-06-01 02:41:10 · answer #4 · answered by endgame1915 3 · 0⤊ 0⤋
Are you in need of urgent loans? We offer loan of all kinds to prospective individuals, company, cooperate bodies as well as organisations. Are u in need of loans that registered and approved? If interested, reach us via thompson_loanfoundation@yahoo.ca
2007-05-27 12:56:38 · answer #5 · answered by thomp s 1 · 1⤊ 0⤋
Yes, where did you get loan?
2007-06-01 20:18:23 · answer #6 · answered by Anonymous · 0⤊ 0⤋