Hi All
I hope everyoe had a tremendous new year, and got lots of presents for Christmas...
Is there anyone on this forum who has done Commercial Refurbishment. i.e. buy a structurally sound commercial building but that looks like a dump from inside. Refurbish the inside to make it look almost new, increase the rent and get a long term tenant and blue chip tenant in and re-value it. As the vlaue of the commercial property is calculated as 10 times the rent, usually. Rough rule of thumb.
I would love to hear from these people who have DONE it.
Khurram
I hope everyoe had a tremendous new year, and got lots of presents for Christmas...
Is there anyone on this forum who has done Commercial Refurbishment. i.e. buy a structurally sound commercial building but that looks like a dump from inside. Refurbish the inside to make it look almost new, increase the rent and get a long term tenant and blue chip tenant in and re-value it. As the vlaue of the commercial property is calculated as 10 times the rent, usually. Rough rule of thumb.
I would love to hear from these people who have DONE it.
Khurram