The good news is that I have finally found a tenant for my office after a long wait. The bad news is that the lease is only for 12 months because the tenants are building new premises and need temporary accommodation in the meantime.
I think it will always be difficult to attract new tenants because the office does not have good exposure to the main road and it is D grade.
I have been on a steep learning curve since I purchased it 3 years ago but I am beginning to think that entry level commerical property investing (under 500k) is not worthwhile because of the risks involved.
In six months I will put it on the market for sale or lease but I am now turning my attention to commercial property syndicates which purchase larger properties for better and more secure return.
Does anyone have personal experience of syndicates that they would like to share or can anyone recommend syndicate opportunities for a newbie?
I think it will always be difficult to attract new tenants because the office does not have good exposure to the main road and it is D grade.
I have been on a steep learning curve since I purchased it 3 years ago but I am beginning to think that entry level commerical property investing (under 500k) is not worthwhile because of the risks involved.
In six months I will put it on the market for sale or lease but I am now turning my attention to commercial property syndicates which purchase larger properties for better and more secure return.
Does anyone have personal experience of syndicates that they would like to share or can anyone recommend syndicate opportunities for a newbie?