Commercial Rentals?
How different is commercial rentals to residential ones? There's a small place near me that used to be used as an office for a taxi place and a driving school. The location is good, the place needs spruced up a bit, but not too much.
The current owner is talking about selling because he's had a catalogue of personal disasters recently. I'm tempted to buy and rent the place out to some small startups that I've been talking to through the local Business Link. They're places that should be getting funding through stuff like the Princes Trust, so they will have some money at least short term.
I'm worried about a lot of things - security, payment, my liabilities, etc. Is there a lot to worry about compared to residential rentals?
|