Matt
Member
- Location
- herefordshire, uk
How much are people asking for storage, we have got a 45ft x 20ft lean to we dont really use, was thinking to let it out. Heating is avaliable.
Thanks
Thanks
storage
- Thread starter Matt
- Start date
Recoil
Member
- Location
- South East Wales
Depends how accessible you are to a large town. Also depends if it's paid cash. My friend would charge about 250 a month cash for that size, but need to make sure you get a good tenant.
Steevo
Member
- Location
- Gloucestershire
£3.33/sq.ft - wow, that's more than I've heard banded about by many for "official" storage rates.
Matt
Member
- Location
- herefordshire, uk
We are about a mile out of a large town on a main road nearly all the way. Near by cities are only about 15 mile. Just really asking others how they got on as thinking of making it a venture but would be willing to not have top rate for tenant.
Recoil
Member
- Location
- South East Wales
He gets 250 cash for a 15ft by 25ft shed, but that is someone working there and covers the use of electric too, which isn't much. It seems to be a good earner if you get good tenants.
nick channer
Member
- Location
- buckinghamshire (south)
We let 45 x 30 units with electric roller shutter, electric on a metre and extra at between £550-£700 month depending what they are using them for.
Bigger units are always less money per sq ft. We have 60x 30 at £750 a month.
For us it's a business and not just bit extra cash each month..
Our best earners are open storage areas.. Fenced off with close board fence to park 20 cars in at £600 month etc..
Beats working that's for sure..!!!
Bigger units are always less money per sq ft. We have 60x 30 at £750 a month.
For us it's a business and not just bit extra cash each month..
Our best earners are open storage areas.. Fenced off with close board fence to park 20 cars in at £600 month etc..
Beats working that's for sure..!!!
JNP
Member
- Location
- Herefordshire
We rent an ex grainstore in Herefordshire that is 40x140 for £700 per month. Good access, secure, 3 phase electric. However I do know the neighbours pay nearly the same for a 35x60, as the smaller units are easier to let out so there is more competition.
Phil
Phil
Steevo
Member
- Location
- Gloucestershire
Sounds more like the usual rates I've heard banded about. Does that have planning?
nick channer
Member
- Location
- buckinghamshire (south)
Farm units are worth what ever you can get for them...
First unit we ever let was for storage of what I would call junk..
60x30 started off for first 5 yrs at £400 month then other 8 yrs it was £500.
Hardly ever saw him, prob once every 6 weeks.
He rented that unit for 13 yrs in total and paid £72000 in rent..
We now have it available and are asking £800 month.
Been empty for 6 months (although its full to brim at min with small bale barley straw)
Could let it numerous times to motor trade at that money and more but it's near farm house and so storage only..
First unit we ever let was for storage of what I would call junk..
60x30 started off for first 5 yrs at £400 month then other 8 yrs it was £500.
Hardly ever saw him, prob once every 6 weeks.
He rented that unit for 13 yrs in total and paid £72000 in rent..
We now have it available and are asking £800 month.
Been empty for 6 months (although its full to brim at min with small bale barley straw)
Could let it numerous times to motor trade at that money and more but it's near farm house and so storage only..
nick channer
Member
- Location
- buckinghamshire (south)
Supposed to.
Its part of permitted development now up to a certain size and above that it is an approved use so nof difficult to get, but many dont bother with PP
What do you mean 'an approved use so not difficult to get'
Also are there any rates on storage.
Yes there are rates but currently up to a certain rateable value, think its £6000, on ex farm buildings its not payable, the value is based on what you should be able to rent it for not what you get paid, the rateable value is 46% of that rent . An" approved " use is one that is covered by what used to be called the local structure plan, its now called the ndf , I think but it amounts to the same thing. It sets out what the authorities deem to be acceptable development/ uses , in this case ex farm buildings are deemed to be ok for re use as storage/ workshops unless access or nuisance problems, as it is now or soon will be "permitted" development you dont need to formally get permission just write and inform them , you will then get assessed for rates or just use it and you wont, if they change the rules and you havent told them they could make you apply for change of use,
warksfarmer
Member
£300/month round here.
What is the situation with half a dozen 20ft shipping containers being let.Do they need PP or come under business rates?
warksfarmer
Member
My understanding is they are liable for business rates but the owner of the site is liable rather than the person using the container because its easy to make one person pay for 6 units than chase 6 people.
So ultimately the person using them pays because the rates are added to the rent.
tim@marford
Member
- Location
- Hertfordshire
Thanks,interesting.
Check the VAT position on *storage*. From October last year, I think!