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Thread: Retired and thinking of renting shop unit to Photogs

  1. #1
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    Default Retired and thinking of renting shop unit to Photogs

    Hi, I have retired this year January and am thinking of renting out my shop unit to photogs.The space is 344 sq ft and its not square but longish.The unit is empty but with about eight windows, so its is brightly lit with sunlight and have blinds for shade. I would like to know from you guys:
    1) Should I just rent out to photogs who would like to have an office and to do their business?
    2) Do you think 344 sq ft is too small to convert to a studio.
    3) Do you think I should accept 3 or more photogs combined to rent my shop unit?
    4) I am thinking of the lowest rental for photogs who are interested, at $900 per month but the maintenance is about $350/month which the photogs must also pay.This come to a total of $1,250 per month. My shop unit is linked to a hotel and its outside CBD area. Do you think my total rental is too expensive?

    I used this shop unit as a retail business, selling my photographs and old cameras including philately.

    Your suggestions and advice is much appreciated.

    James.

    Large & Medium Format ,
    Panoramic & landscapes photographer.

  2. #2

    Smile Re: Retired and thinking of renting shop unit to Photogs

    much depends on what the photographers use this space for. for shooting area, it depends on what they shoot.

  3. #3

    Default Re: Retired and thinking of renting shop unit to Photogs

    Thank you for the generosity. I hope some up and coming photogs take advantage of the space.

  4. #4

    Default Re: Retired and thinking of renting shop unit to Photogs

    Wow James,

    I hope your gorgeous Nikon collection isn't gone! Is that Agape and Forward I see with their LF cams on your site?

    I'm afraid I'm not in the position to comment about your business plan, but it might help to have a look at others who have considered/done something similar in the business section of this or other photography forums. Apparently, some deals worked out, but there were quite a few that went south.

    All the best for your retirement plans!

  5. #5
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    Default Re: Retired and thinking of renting shop unit to Photogs

    Hi dream merchant, I still have my Nikon collection except a few lenses, one like the Noct Nikkor which I sold in ebay for US$3,800. What you saw in my site, Agape was shotting with his Canon and have not switched to Nikon yet. The large format gathering was the first held in Singapore and I gave some pointers to some photogs who were keen in large format. The group photo, all of them have gone in different directions. Agape is coming back, I think this year and he wants to shoot large format with me. I might see him in CA this coming September before he goes for his attachment in NY.
    Regards,

    James.

  6. #6

    Default Re: Retired and thinking of renting shop unit to Photogs

    Hi James,

    That's great to hear! You have a superb collection! Are you still shooting LF? Would be great to get together and lim kopi and perhaps even shoot. Most of the time, when the LFers gather together, we end up chatting more than anything!

    CHEERS!

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    Default Re: Retired and thinking of renting shop unit to Photogs

    [QUOTE=jamesong;5937479]3) Do you think I should accept 3 or more photogs combined to rent my shop unit?
    [QUOTE]

    from a less-headache perspective best if you face only 1 tenant and let that tenant deal with the other parties

    Where is the place ?
    shaddap and just shoot .... up close
    Walkeast

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    Default Re: Retired and thinking of renting shop unit to Photogs

    Quote Originally Posted by Dream Merchant View Post
    Hi James,

    That's great to hear! You have a superb collection! Are you still shooting LF? Would be great to get together and lim kopi and perhaps even shoot. Most of the time, when the LFers gather together, we end up chatting more than anything!

    CHEERS!
    I am thinking of shooting another set of panoramic views of Singapore. The first set of eight panoramic postcards are exclusively sold at the Singapore Philatelic Museum.
    Past few months the weather is not that good and now the haze is everywhere. I can meet up for coffee but as for shooting LF, I prefer to shoot alone as I need concentration ( for serious project) but if shooting just for fun and talk "C",every LF photogs can come along and have fun.

    Cheers,

    James.

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    Default Re: Retired and thinking of renting shop unit to Photogs

    Quote Originally Posted by contaxable View Post
    My humble input is to get legal advise to draft out a proper tenancy contract to protect your premise and yourself.

    Whether long term or short term use, you still need proper contracts in place. The last thing you want to hear is place being misused for other agendas involving crimes or non payment on rental for prolonged period.

    Friendship is friendship. Business is business. Good friends will honor proper guidelines for the good of it all.
    Thanks for your advice, appreciate it.

    James.

  10. #10
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    Default Re: Retired and thinking of renting shop unit to Photogs

    [QUOTE=ed9119;5940489][QUOTE=jamesong;5937479]3) Do you think I should accept 3 or more photogs combined to rent my shop unit?

    from a less-headache perspective best if you face only 1 tenant and let that tenant deal with the other parties

    Where is the place ?
    I have this shop since 1995, its annexed Holiday Inn Atrium, and the place is known as 317 Concorde Shopping Centre. My unit is at #02-22.

    Cheers,

    James.

  11. #11
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    Default Re: Retired and thinking of renting shop unit to Photogs

    Gosh... I didn't know that my name has been circulated in this thread.

    Yep, I'll be back on June 19th and Yes, I would be finishing up with the rest of my 4x5 film in SG, but I am also going to bring back the bag bellows for my DSLR to be shot on my 4x5.

    This is what came out of it on a trip to Las Vegas recently.






  12. #12
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    Default Re: Retired and thinking of renting shop unit to Photogs

    Quote Originally Posted by jamesong View Post
    Hi, I have retired this year January and am thinking of renting out my shop unit to photogs.The space is 344 sq ft and its not square but longish.The unit is empty but with about eight windows, so its is brightly lit with sunlight and have blinds for shade. I would like to know from you guys:
    1) Should I just rent out to photogs who would like to have an office and to do their business?
    2) Do you think 344 sq ft is too small to convert to a studio.
    3) Do you think I should accept 3 or more photogs combined to rent my shop unit?
    4) I am thinking of the lowest rental for photogs who are interested, at $900 per month but the maintenance is about $350/month which the photogs must also pay.This come to a total of $1,250 per month. My shop unit is linked to a hotel and its outside CBD area. Do you think my total rental is too expensive?

    I used this shop unit as a retail business, selling my photographs and old cameras including philately.

    Your suggestions and advice is much appreciated.

    James.

    Large & Medium Format ,
    Panoramic & landscapes photographer.


    When there are people who believe that it is our mission and the priority of adding value to others then there is a chance for them to come forward and be counted in realising the power of partnership.

    Let these people be brave and sincere enough to add to the following list so that they then plan out a business proposal to meet their clients and customers need.

    I need at least 20 or more trusted and worthy people in this new venture. Willing to meet up personally with me to get the details.



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