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Farm Building and Infrastructure
Rural Diversification
Holiday Let
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<blockquote data-quote="D14" data-source="post: 7547323" data-attributes="member: 49382"><p>I don't want to rent it out on a longer term agreement because I want the ability to turn it on and off to suit us more than anything. For example I wouldn't do christmas or new year because I don't want the hassle basically so don't want any full time neighbours in at those times either.</p><p>It's a redundant building and sad to just leave it doing nothing. I thought about office space but I think that market has gone judging by the amount advertised to let.</p><p></p><p>I'm not to fussed about the work involved such as cleaning and change over etc as I've somebody looking to do this for me and as said I would be picky about when it let and who to. I should say I am not looking for a quick return on the investment and its more about doing something with the shed so it doesn't fall into further disrepair. Long term it'll add value if its done up and it will secure its future. I was thinking its going to cost about £150,000-£200,000 to do up and if I can earn that back over 25 years I would be happy as it would easily be worth £500,000 to sell should we split the yard up and sell or its another accommodation for one of my children long term. How easy is it to earn say £8,000-£10,000/year from a holiday home?</p></blockquote><p></p>
[QUOTE="D14, post: 7547323, member: 49382"] I don't want to rent it out on a longer term agreement because I want the ability to turn it on and off to suit us more than anything. For example I wouldn't do christmas or new year because I don't want the hassle basically so don't want any full time neighbours in at those times either. It's a redundant building and sad to just leave it doing nothing. I thought about office space but I think that market has gone judging by the amount advertised to let. I'm not to fussed about the work involved such as cleaning and change over etc as I've somebody looking to do this for me and as said I would be picky about when it let and who to. I should say I am not looking for a quick return on the investment and its more about doing something with the shed so it doesn't fall into further disrepair. Long term it'll add value if its done up and it will secure its future. I was thinking its going to cost about £150,000-£200,000 to do up and if I can earn that back over 25 years I would be happy as it would easily be worth £500,000 to sell should we split the yard up and sell or its another accommodation for one of my children long term. How easy is it to earn say £8,000-£10,000/year from a holiday home? [/QUOTE]
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