Advice needed for renting out our barn (60ft by 30ft)

N

nuzuki

New Member

• Sep 30, 2014

• #1

Hi all,
Im new to this forum but was wondering if anyone can give me a ball park figure for renting out our 60ft by 30ft barn. Its got electric roller shutter, alarm and cctv and the owners live on site. Its in a rural location not to far from Bicester (oxfordshire). I was thinking of renting for 700 per month. Is that too much or too little? also how can I go about vetting any potential renters? Should I go through an estate agent for piece of mind? Should I avoid people who wish to break cars? Ive heard of tyre dumping scams, are there any others I should be aware of?
Thanks

 

H

HalfrevsHarry

New Member

Location

Staffs

• Sep 30, 2014

• #2

700 sounds a lot but you never know til you ask. if you get it then good. ask for a big deposit. should be at least 2 months rent plus the rent paid in advance so 3 months rent in total. get id for their address as some make it up. go for genuine business if possible that are looking to trade up to bigger place

 

N

nuzuki

New Member

• Sep 30, 2014

• #3

Thanks for the reply. Also just out of interest where is best to advertise this barn for rent? Would it be stupid going through an estate agent and paying unnessacary fees?

 

B

Big Al

Member

Location

Middlewich

• Sep 30, 2014

• #4

Not just car breakers I would avoid anyone at all in the motor trade if it can be avoided.

Also if letting to a limited company its better to have the leasee named as the owner/director rather than the ltd company name.

 

N

nuzuki

New Member

• Sep 30, 2014

• #5

Oh also It seems I can only rent for storage unless I apply for change of use. I dont mind having a business in there but so far the only offers ive had are for car related things and woodwork.

 

S J H

Member

Livestock Farmer

Location

Bedfordshire

• Sep 30, 2014

• #6

About £4 per sq ft for storage per annum, £6-8 for workshops

 

B

Big Al

Member

Location

Middlewich

• Sep 30, 2014

• #7

If you haven't got planning permission and its not rated you might also want to consider a use that will draw less attention to itself. Especially if you have got nosy neighbours.

 

Pan mixer

Member

Mixed Farmer

Location

Near Colchester

• Sep 30, 2014

• #8

Big Al said:

If you haven't got planning permission and its not rated you might also want to consider a use that will draw less attention to itself. Especially if you have got nosy neighbours.

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But don't forget to insure it for its new use (as a landlord) and make sure that the tenant is reaponsible for the Rates if they turn up.

 

lim x

Member

Livestock Farmer

Location

Nottinghamshire

• Oct 1, 2014

• #9

Watch out as well for anyone wanting to store 'recyclables'. I have a friend who has just been left with tonnes of tv's, freezers and microwaves and going to cost thousands to dispose of.

We tend to advertise in the local village shops. We have had numerous folk over the years, and find the smaller units rent easier. All our tenants at present are local one man band types' and tend to be most genuine.

Avoid cars and second hand goods at all costs.

 

rob1

Member

Location

wiltshire

• Oct 2, 2014

• #10

lim x said:

Watch out as well for anyone wanting to store 'recyclables'. I have a friend who has just been left with tonnes of tv's, freezers and microwaves and going to cost thousands to dispose of.

We tend to advertise in the local village shops. We have had numerous folk over the years, and find the smaller units rent easier. All our tenants at present are local one man band types' and tend to be most genuine.

Avoid cars and second hand goods at all costs.

Click to expand...

+1

 

Derky

Member

Location

Bucks/oxon

• Oct 3, 2014

• #11

Avoid cars unless classic car bods. Wood work boys are good. Make sure you have the right planning.