How to build industrial

[sueleigh]

I have owned an industrial block for over 2 years now and the tennant that leases it as a vacant yard told me today that he is going to move. So even though there are some risks, I think I have enough back up and general info to build a shed. Any imput on ideas would be greatly appreciated.
It's near a by pass,on a quiet street. Sue

 

[Sunfish]

Percentage-wise, commercial/industrial has done better than res in my area of interest.

While you need more equity to get it to fly I reckon it could work.

Obviously this has no relevance to where you are building because we do not have this info.

 

[APerry]

Hi Sue,

It's worth considering advertising the vacant block and that you will build to suit any potential tennant, that way you don't have to start building until you have a long lease locked in place.

Regards
Alistair

 

[sueleigh]

Thanks for the replies sunfish and APerry. I put an ad in todays local paper,for lease will build to requirements, and will put a sign up saying the same. That would be a great way to go.
Sue

 

[JoannaK]

why not give them a ground lease instead, and let them build what they need?

just a thought...