This week, we’re sharing a bittersweet story from our portfolio. When a long-standing tenant – a business we’d known and worked with for years – unfortunately went into liquidation, we found ourselves with a property back in our hands 5 years earlier than planned.
We talk through:
- The ripple effects when a tenant goes bust
- Navigating the unexpected (and the mountain of stuff left behind 😅)
- How market understanding helped us move forward
The numbers that might surprise you:
- Original rent: £33,000 per year
- New market rent: £58,000 per year
- What this meant for the property’s value… 🤔
Some key reflections:
- The importance of adaptability in commercial property
- Why local market knowledge matters more than ever
- Sometimes the best plans are the ones you didn’t make
Looking back, this experience reinforced that commercial property isn’t just about the numbers 🔢. It’s about being prepared for the unexpected, understanding your market deeply, and sometimes, making the best of situations you didn’t anticipate. While the outcome was positive for us, it’s a reminder that in this business, change is the only constant. Whether that change brings challenges or opportunities often depends on your preparation and perspective.
It’s been a busy September with training events in Scotland and lots of great conversations at property meetups. A heartfelt thanks to all the podcast listeners who came to say hello – you make this journey so much more enjoyable! 🤝
Thanks again and as always, make sure you stay in the commercial property swim! 🏊♂️
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CPI Website – https://commercialpropertyinvestor.co.uk/
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