This commercial property strategy changed because of the contents of the valuation… and no it wasn’t the value that swayed the decision.
Update: 2024-11-05
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This week on the podcast I’ve invited my client Kulvinder to come and share his journey with buying his first commercial property.
Headline figures of the deal are:
Purchase price £310,000
Rental income £29,000
Gross initial yield 9.35%
With the rent increasing by £6k in 18 months
At first Kulvinder thought this was going to be a development, but after having the valuation carried out, the strategy changed entirely.
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