£5m TO SPEND?

Here's an extract from a very focused interview I just read online.


Question: If you had £5m to invest in commercial property tomorrow, what would you buy?


One response was particularly impressive I thought.


Len Rosso, Head of Logistics & Industrial at Colliers:
I would start by purchasing a site for development as a small multi-let industrial scheme. These are currently in demand and difficult to acquire as a standing investment. For this, I would pay around £1 million with a build cost of circa £600,000 as once fully let it would be worth substantially more hopefully.

I would also acquire five smaller industrial warehouse units at around £300,000 each, ideally brand new or modern, which had been sold over the last 12 months at a discount due to the lack of liquidity within market. When the market improves the capital value of these would go up, but in the meantime a prospective yield of circa seven per cent still looks very attractive.

I would also purchase a mixed-use development site and then apply for commercial usage planning with retail on the ground floor and, ideally, residential above. This would be in a good M25 town or alternatively within one of the London boroughs. I believe this could be purchased for in the region of £1.5 million and once you have achieved planning the value could be raised significantly.

Finally, I would look for small retail/offices within town centres which would have potential residential use above ground floor, spending up to £1 million on these or potentially one unit.


I like the last option - especially the number of pubs that are coming onto the market for conversion to offices below, residential above. So there you have it, after the Lottery this week click back here and take Len's advice. Or not, as you wish.


Full article is here


Good luck.
  

WOW! I'M RICH!

  
Another great junk e-mail rolled into my inbox this morning..

02/06/2010.
Your Email ID has won (1,500,000.00) EUROS
2010 EURO MILLION PROMOTION.
In the first category of our computer ballot email lottery.
No ticket was sold but it is to encourage EMAIL users.
For further development for Clarification and procedures
Contact:Tel: +34-673-096-835
        Fax: +34-917-692-914.
Tic Nr: 6460DGH,Lucky Numbers:ES/9420X2/68
Full names,Address,Age,Occupation,Phone/ numbers.
All Response Sent Via Email: ibagazaanarosateresa@yahoo.com.hk

Now I already knew I was rich, what with a bunch of great friends to lean on and laugh with
that I have gathered through my 40+ years, but having financial wealth like this
is going to be great.

So, this is going to be a very short blog today as there are quite a few things scattered
around the internet that I want to go and buy..

oh, and I hope the email address provided in the junk mail gets picked up by various
blog-crawling bots and gets more junk mail from others. Just doing my bit..

;-)
  

WHAT A WHOPPER!

  

I am having to work today, a Sunday.  A very rare ocassion for me, but worth it believe you me.  My leisure time doesn't come cheap so if you want a piece of it, you're gonna have to pay a huge whopping amount per hour for me!

Talking of whoppers, I noticed this morning that somebody in the UK won the Euromillions Lottery prize outright.  A huge £84m+ for one winning ticket.  I reckon even Charlie would've swapped in that slip of golden Wonka paper for that lottery ticket?!

But, it does make you wonder how the people that suddenly come into such a large sum (you could launch a fairly serious takeover of a stock market listed company with that kind of cash) cope with it.  I wish them well.

All I know for certain is.. it wasn't me! so on with the Sunday working.  Which makes a refreshing change to be honest.. just not every weekend!

A quick late addition, something I've stumbled across today in a search for research on housing market trends since the Census (if you have any, pls contact me!): a recent research paper on The First 15 years of the UK National Lottery was published by the House of Commons Research Library in late 2009. Link is here.  Some interesting highlights.