Today I take a look at the ongoing expenses for commercial buildings and the importance of considering these costs when evaluating a new project.
I’ll talk about how recent price increases are affecting things and what compliance stuff we should think about. I’ll explain the costs for single let and multi-let properties in different scenarios. We’ll go over expenses like energy, personnel, cleaning, waste disposal, refreshments, building insurance, internet, and compliance requirements. It’s super important to consider all these costs to get a realistic idea of potential returns. Oh, and I’ll also share a link where you can download a spreadsheet with a bunch of building expenses listed. Handy right?
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Useful Links:
CPI Website – https://commercialpropertyinvestor.co.uk/
Our Sponsors – https://commercialpropertyinvestor.co.uk/podcast-sponsors/
A big thank you 👏 to our Podcast Sponsor: Graeme Shevas from Playfair Finance – http://www.playfairfinance.co.uk/
Annual Expenditure Template download – https://share.hsforms.com/1TQsASxU4QlCCWKpoUoUjzQ49pfl
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
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