G'Day
Well, what can I say?
Thank you God for finally sending a tenant our way!
Yes, finally, having been empty since January, 2011 and despite numerous tyre kickers – some of whom took up months of time – we have a real, live, tenant for our shop and they have moved in today!
As each grain of sand is the beach, this one shop is indicative of the whole retail market.
For someone to have the courage, and the capital, to start up a business – whether they are new to business or setting up a second or subsequent retail outlet, takes real guts and determination at any time, but particularly in today’s economic climate
That this rent is 20% below the advertised rent, and is 20% less than the previous 2 x tenants, tells us something regarding ‘market correction’ when the chips are down.
Our intrepid commercial property managers have been just fantastic. Never shirking yet another inspection, yet another opening to allow a shop outfitter through to quote on yet another wild goose chase
With the inroads of the internet into retail shopping, but the growth of the personal services industries, it would seem that the logical tenant is one which is about personal contact. Health and beauty, clothing, food – and pets.
So as from today, How Much Is That Doggie In The Window http://www.youtube.com/watch?v=fC5Yf9rmKto will take on a special meaning for us, as the doggie, for the next three years at least, will be in our window.
Property investing is not easy. If it was, everyone would be doing it.
Commercial property investing, in particular, is not for the feint hearted. We have not ever had this shop empty before, but gather around, little children, and let me tell you: A vacant shop for 15 months wounds more than just your pride.
Cheers - and yes, raise your glasses, it is indeed, Cheers!
Kristine
Well, what can I say?
Thank you God for finally sending a tenant our way!
Yes, finally, having been empty since January, 2011 and despite numerous tyre kickers – some of whom took up months of time – we have a real, live, tenant for our shop and they have moved in today!
As each grain of sand is the beach, this one shop is indicative of the whole retail market.
For someone to have the courage, and the capital, to start up a business – whether they are new to business or setting up a second or subsequent retail outlet, takes real guts and determination at any time, but particularly in today’s economic climate
That this rent is 20% below the advertised rent, and is 20% less than the previous 2 x tenants, tells us something regarding ‘market correction’ when the chips are down.
Our intrepid commercial property managers have been just fantastic. Never shirking yet another inspection, yet another opening to allow a shop outfitter through to quote on yet another wild goose chase
With the inroads of the internet into retail shopping, but the growth of the personal services industries, it would seem that the logical tenant is one which is about personal contact. Health and beauty, clothing, food – and pets.
So as from today, How Much Is That Doggie In The Window http://www.youtube.com/watch?v=fC5Yf9rmKto will take on a special meaning for us, as the doggie, for the next three years at least, will be in our window.
Property investing is not easy. If it was, everyone would be doing it.
Commercial property investing, in particular, is not for the feint hearted. We have not ever had this shop empty before, but gather around, little children, and let me tell you: A vacant shop for 15 months wounds more than just your pride.
Cheers - and yes, raise your glasses, it is indeed, Cheers!
Kristine