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 Shoplot in Bad Location -What can you do about it?, hard to sell / rent out

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d@n
post Apr 28 2016, 05:16 PM

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QUOTE(ethan chong @ Apr 28 2016, 06:08 PM)
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.
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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.

 

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