Our last vacant unit has now been let, with a provisional lease agreement being signed last night and the first half of the security deposit being paid into our bank account today. The rent was slightly lower than the previous rent by about 4.7% (give or take a bit depending on how much we get for renting out the car parking space which the new tenant does not want). The lower rent is a reflection on the fact that the previous rent had been set at above market levels rather than a fall in market rents.
We have a couple of repair jobs to do (which is only to be expected) before the tenant moves in of which the most important is to replace one of the window frames which is in danger of falling out.
Our cash flow will now go from positive to positive with a healthy margin. A good way to end a good (financial) year.