Hi all.
I need to find tenants for two vacant shops located near Windsor. There are three occupied shops, so five shops in total. The centre was opened in 1995, and design is a single box style building (like many in the area).
So far we have tried realcommercial.com.au and print advertising via R&W (ads very pricey & had issues) and a private agent, but unfortunately the shops have remained vacant for years.
For 80m2, each shop has been advertised at 22,000 - 26,000 per year, much less than what they were originally leased at.
Luckily we have an Aldi adjacent and within view of our property, so we're very hopeful that this will increase the market visibility for potential shop owners.
What I'd like to know is, has anyone on this forum been through the recession or a similar situation and been able to turn the tables? How could we do things differently? Any tricks to attract tenants?
We're currently doing all the property management and maintenance ourselves. Having gone through the fruitless and costly exercise of agents, we're prepared to give it a go ourselves.
Thanks in advance for the advice!
I need to find tenants for two vacant shops located near Windsor. There are three occupied shops, so five shops in total. The centre was opened in 1995, and design is a single box style building (like many in the area).
So far we have tried realcommercial.com.au and print advertising via R&W (ads very pricey & had issues) and a private agent, but unfortunately the shops have remained vacant for years.
For 80m2, each shop has been advertised at 22,000 - 26,000 per year, much less than what they were originally leased at.
Luckily we have an Aldi adjacent and within view of our property, so we're very hopeful that this will increase the market visibility for potential shop owners.
What I'd like to know is, has anyone on this forum been through the recession or a similar situation and been able to turn the tables? How could we do things differently? Any tricks to attract tenants?
We're currently doing all the property management and maintenance ourselves. Having gone through the fruitless and costly exercise of agents, we're prepared to give it a go ourselves.
Thanks in advance for the advice!