Consdering a Secretariat building for Lahat Road YMCA

Just had a Board Meeting today and decided not to buy the 3 storey Lahat Road shop house opposite the ACS school. The building is located at a prominent place but parking will be a problem.  Will be difficult to hold events there.  

The price at RM 370k is cheap, actually the cost of the land alone.  But the cost of renovation will be steep because it is rather dilapidated.  If we are to renovate it will cost a large sum of money.  Then who shall rent from us?  There are many shophouses in Ipoh which are vacant at this point in time.  The economy is not doing so well.