hi everyone, i have a 3 storey shoplot (intermediate) inherited by my father, NO outstanding loan.

But the location is very bad, deep inside a Taman (Cheras Area) with only ONE way in and out.

We have tried renting it out but not much people interested due to bad location.

We did rented out but only attracted bad tenant, with months of overdue rental. It's like "Your location is bad already. Nobody are interested but lucky you, i rent your place, you should be grateful of it, don't expect me to pay rental on time" situation.

After many months of overdue rental, i chased the tenant out. So it is empty for a very long time.

I have thought of bird nest house, but the surrounding is Housing Area. I don't think it is allowed.

Let's assume selling it off is not an option, given you were me. What you'll do about it?

My imagination is very limited. Welcome any suggestion and creativity brainstorming.

rent it out as storage?

Good idea, but be careful with what's being stored.

hot property area for hot business,
cold property area for cold business,
example of cold business like karaoke, lounge, tattoo saloon, vaper stores, casino, cyber cafe etc
hope u get what i meant

Maybe you can try to look for ppl to use it as Storage eg like Warehouse or you can look for some catering company use it as thier base kitchen.

Hi, I Managed some client's property similar to your case. The current tenant is using it part as storage and part as a small printing factory. Those places, every month have to go collect rent and perform site inspections to minimise risk and safeguard landlord interest. hope it helps your ideas.

why dont u sell it at way below market price.

there could be some buyer wanted this kind of property for own use.

at least u can liquidate and cash out and put money elsewhere.

[ inherited by my father ]

means not his own but the father's. Have to get the father to agree first