More discussion needed!

[fernfurn]

There are some very large very nice, big glass retail/warehousing facilities around here been vacant for a very long time. They are on a main road with parking behind but the ones I notice in particular have a tricky access off the main road and I would be very wary about buying in such a position, so again.... position, position, position.

 

[quoll]

And thats where purchasing a CIP with appropriate leases should mitigate the risk. If there is a directors guarantee, banked bonds covering appropriate rental durations and a signed term then if the tennants go bust you should be able to still hold the property for the assigned lease term on the same rent or at least for an appropriate set of time to find a new tennant.

Don't bank on it, Directors are going to own very little in their names, assets will be tied up in trusts. If your tenants business goes bust pretty good chance director goes bankrupt and you dont' get any rent until a new tenant is found.

My 2c

Cheers
Graeme

 

[Aaron Sice]

i'm just watching this sector, learning as much as i can.