workshop shed rent charge?

[newholland]

A friend wants to know how much is a reasonable payment for the rent of a 50 year old tin shed 200m2, 5m high roof, electric, lights, concrete floor, with lorry access for unloading. (Roof drips, floor is rough and door is not very secure)

25 miles from civilisation and motorways

 

[Doing it for the kids]

Around our way, £6 psf. - £13k per annum

Entirely location based, have a google on prime location etc for local prices.

 

[dudders]

I charge an average of £6 psf for vehicles parked in a large dry barn. But to rent out the whole shed would be a cheaper rate. Leaking roof is bad news though, so cheaper still. As said above, check out the competition.

 

[multi power]

I see a 60 X 40ft for £395 a month locally. I will be amazed if they get am body to pay that

 

[theboytheboy]

We're £6 psf also

 

[dudders]

I see a 60 X 40ft for £395 a month locally. I will be amazed if they get am body to pay that

Sounds cheap to me - only £2 psf.

A lot depends on the variables: condition, security, electric, access, loo, location. These things make a big difference to value.

 

[multi power]

Sounds cheap to me - only £2 psf.

A lot depends on the variables: condition, security, electric, access, loo, location. These things make a big difference to value.

I don't think there is any electric and it's quite rural

 

[newholland]

Thanks for the replies

 

[Steevo]

Heck, I'd have thought you'd want an insulated shed for £6/sq.ft. What are insulated sheds worth?

 

[How much]

If its in the middle if no where £13k which is about what your 200 sqm at £6 would run to seem a hell of a lot , it sound as though lt would be worth £3.00 a foot assuming its not going to attact rates maybe a little more .
if you can get £13 k go for it , but might frighten them off ! And how much is the income going to help you out ?
If the income is needed I would go in lower and rent review in 3 years once they are using it and hopefully get a bit more rent later after its a integral part of there business.

 

[7610 super q]

50p psf here. Must have "mug" tattooed on my forehead.
And take a look at that article in the FW. Renting out sheds needs some careful thought...so as not to end up with "squatters".

 

[Doing it for the kids]

50p psf here. Must have "mug" tattooed on my forehead.
And take a look at that article in the FW. Renting out sheds needs some careful thought...so as not to end up with "squatters".

Squatters? All mine are n full contract like the residentials?

Psf is governed by demand, we are lucky here but Pembroke may not be quite so good?!

 

[Campbell]

25 miles from civilisation and motorways

Lets keep it that way.

 

[Frank_farmer]

Friend has a unit he rents in north Herefordshire. Roughly £2p sq ft

 

[Sussex Martin]

Wow, I'm looking for a bigger unit as we have outgrown ours, on industrial estates round here I'm looking at having to pay £8.50 per sq. ft.,.

 

[Frank_farmer]

would buying one not make sense at those prices?

 

[Steevo]

would buying one not make sense at those prices?

If you can find the property to buy.

 

[Doing it for the kids]

Imagine you would be spending £100 psf + to buy

Soon tots up!!