Commercial Investors—A new strategy that combines the commercial with the residential and could save you a fortune during lean periods Soaring property prices and rents in London mean that increasing numbers of individuals are finding it difficult to afford the cost of living in traditional property and as such are looking for the alternatives.
There is now a growing strategy established initially within the inner city but slowly trickling further out. So how long before this hits other UK cities? Commercial properties that lay dormant in the city have been used by companies in such a way as to see them tenanted by individuals seeking a place to temporarily call home.
For owners of these properties, the arrangement is a very cost-effective way to secure empty properties against vandalism and squatting. By allowing tenants paying a low rent to occupy the building, the owners are then assured that any body breaking in to squat are then classed as a trespasser and can subsequently be removed. It saves on the cost of security, expensive patrolling, etc.
Although the scheme does provide cost-effective lodging, it is often short lived and the tenants must abide by strict rules. But for the commercial property owner, the benefits can be worth thousands of pounds. |
