buying your own premises?
just thought i would ask for views about this ... for or against!
i have about £150k in a SIPP, with around £50k more to add in as a company contribution. we have found an office that we can get for £160k, and required about £30k refurb.
for me, this is a no-brainer ... good quality office & quite a grand building ... bigger than we need but room to grow ... makes good use of my pension (i don't really like shares) ... we will be a good tenant ... when i retire/sell we can sell convert the building to residential & sell as such = easier to sell ... tax-efficient ...
we have 4 staff + me currently, and expect to grow by 1-2 per year for next few years.
anyone got thoughts / experiences on this?
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