Hello Everyone,
I have recently purchased some land in an industrial area and need to build on it, for a prospective commercial tenant.
My plan is to put up a sign on the section and advertise 'design and build'. Thinking I could attract a potential company, work with them to design a building (roughly 400m2) and by doing so, lock them in on a 10 yr lease. I am not interested in building a structure that is too specific, which could restrict potential new tenants if the first ones fall through after a few years.
What traps can you see that I need to be wary of?
Interested in your thoughts and suggestions.
Many thanks Greenfields
I have recently purchased some land in an industrial area and need to build on it, for a prospective commercial tenant.
My plan is to put up a sign on the section and advertise 'design and build'. Thinking I could attract a potential company, work with them to design a building (roughly 400m2) and by doing so, lock them in on a 10 yr lease. I am not interested in building a structure that is too specific, which could restrict potential new tenants if the first ones fall through after a few years.
What traps can you see that I need to be wary of?
Interested in your thoughts and suggestions.
Many thanks Greenfields
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