Yes, another building up for sale but we had thought that the owner was selling it to her niece, so we were quite surprised to see it on the real estate listing. Locality is good and the building is by far the best we’ve seen in terms of condition and only needs a few more destaco clamps to work on some areas and it’s ready to be used in any way we want. Unfortunately, the price is pretty high and even though we can afford it – we are not willing to pay that much for a building and then left with no cash to turnover.
Of course, if the owner is desperate enough, she might consider lowering the price and we can think about it again. But thus far, the building is not as big as we want, so we are not in a hurry to make an offer yet. I figured if we needed to spend as much money, we might as well purchase a bigger location, and then renovate it ourselves to what we want and turn the extra space into a income property. Lots of potential in other buildings in the town.