RE: Warehouse REIT12 Oct 2019 13:18
Recent experience , I was putting a multi let into auction in the Bristol area , I told the tenants I wanted to sell up , they offer to buy the site , they formed a ltd co , got funds from Handles and now own there own units .
Another 120k sqft shed I own , tenant is due a rent review , approached me with a offer to buy, that values shed at £4.00 per sq ft rent x12 yp , deal with solicitors now .
My main exit from the market is selling to my tenants at around 12yp and my stock is nowhere near up to Hansteen quality . Smaller units will be the way to go as retail shops are closing and retail moves increasingly online from factory units , i have several hot food takeaway setups running from units around 2000sqft , that deliver and only take orders online .
Good luck all