Industrial rental investment. DO or NOT?

[Tamas Vastag]

Hello.

I am looking for some advise.

I made an offer for a small industrial building about 3200 sqm for 250 000 eur.

Today there are 5-6 companies renting different size spaces.

The down payment is 20%

The current rents are about 6000 eur/month (the building is not in the best condition)

The building is from the 70’s it is brick and concrete with insulation, but still needs repair work for about 50 000 eur to make it more attractive and durable.

Mortgage payment is around 2000 eur/ month

The location is not bad (near a middle sized city) but not the best.

Please, is this a good investment? What are the risks?

Thanks for any kind of advice, this would be my first investment in real estate, and don’t want to have it as last.

Greetings from Hungary