All Topics / Help Needed! / commercial property investment

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  • Profile photo of butterflybutterfly
    Participant
    @butterfly
    Join Date: 2004
    Post Count: 1
    July 30, 2004 - 4:45 am

    Iam looking at a property currently owned by a bank.They want to sell then lease back long term.
    The returns look fantastic…Is it too good to be true? Whats the catch?
    Butterfly[worried]

    Profile photo of MJKMJK
    Member
    @mjk
    Join Date: 2003
    Post Count: 157
    July 30, 2004 - 5:44 am

    What are the details. Eg lease lenght , %return, outgoings paid by who ?
    Finance will be more expensive and deposit will need to be 30% but I think commercial is the +cf to be going for if you can.

    MJK

    Profile photo of gmh454gmh454
    Member
    @gmh454
    Join Date: 2003
    Post Count: 537
    July 30, 2004 - 6:21 am
    Originally posted by butterfly:

    Iam looking at a property currently owned by a bank.They want to sell then lease back long term.
    Butterfly[worried]

    AND when the bank moves out you will lease to …..who ??????

    Profile photo of IbuycashflowIbuycashflow
    Participant
    @ibuycashflow
    Join Date: 2004
    Post Count: 274
    July 30, 2004 - 9:50 am

    Empty banks make good pubs and cafes

    Make sure the sale price is not based on an over inflated rent. It won’t leave any room for growth

    Cheers
    Jeff

Viewing 4 posts - 1 through 4 (of 4 total)

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