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Of course I value the land underneath....but it all comes back to numbers, and if they work. If you can get away with creaming a great yield off the infrastructure that is situated on the land to start with, surely that is better than having to pour big mobs of money and time to scrap the...

...so where is the valid business model in all of that Steve ?? After all of that work and headache with councils etc getting it all up and running, zero income whilst he does all that work, and then at the end of the day he nett's 5.8% ?? ....and if you don't put in the hard yards then...

....maybe a good yield if a Tenant comes out of the woodwork....

OK, so if you are as green as grass in this field of endeavour, it's probably best not to write off the main chunk of the field before you get started. Why not have a proper squizz around your local market and pick a few deals to study in-depth. Steve's example looks good....why not take him...