King Rollo
Member
- Location
- Strathclyde
I have a small area of ground which I have rented out for a
number of years. This land has been used to run a business
on, not for agricultural purposes.
The tenant has asked me about the possibility of purchasing
the land. I'm wondering if there is a rule of thumb or
suchlike for how many years rental value the sale price
should be based on.
I know there is no 'correct answer' to the question of land
value, but it would be good to have a starting point for
negotiations.
Any ideas?
number of years. This land has been used to run a business
on, not for agricultural purposes.
The tenant has asked me about the possibility of purchasing
the land. I'm wondering if there is a rule of thumb or
suchlike for how many years rental value the sale price
should be based on.
I know there is no 'correct answer' to the question of land
value, but it would be good to have a starting point for
negotiations.
Any ideas?