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Showing results for tags 'mixed use'.
Hi All, BLUF: Views on financing mixed use property welcome! We are in the middle of buying property number 3 in our limited company (company turns 1 year old in 2 weeks). So far so good, with 2 single lets running smoothly. The third is mixed use, with a 2 bed property with a shop on most of the ground floor. Purchase price is 95k and the yield is excellent. Tenant in situ upstairs, and tenant secured for retail unit on 6 month rolling agreement. Initial attempts at getting finance on the property have been very tricky, with lenders either not interested in such a small
So I'm looking at a potential commercial unit investment (Class A1 - Shops) which is currently vacant and in need of a facelift (ceiling & wall plastering, re-flooring, wiring etc). I'm keen to know what the 'minimum standard' is for refurbing commercial units of this sort before bringing them to market? E.g. is it similar to residential: flooring, walls, plumbing, electrics, etc all done- or is there more that would be expected from a potential commercial tenant (e.g. outside shutters, alarm systems, aisles, counters, etc)? Any knowledge resources/articles would be most welcome!
Good morning folks. I'm new here and I've come to ask quite a complex question I think. So here we go...... I am in the process of sorting a mortgage AIP. I have decent credit and a 12% deposit so far. However... I've found the "perfect" property. It is a lovely old house (victorian ish) in dreadful condition! Perfect little doer upper. Decent price. Vendor will come down a bit. Splendid!! Then I do a little digging. They have had offers on the property before, as it has been on since last year. But no applicants proceeded. Hmm..... It turns out that althou
I'm looking at venturing into the mixed use property market (e.g. shop on ground floor, residential above). Two reasons: No need to pay SDLT if it's under £150k, even though I own multiple properties. Diversifying my portfolio so all my eggs aren't in the residential sector. The property I'm looking at is freehold and is currently leased out as a whole to one person. I believe I will need a commercial mortgage to raise the finance as it's mixed use? It won't be held in a Ltd company. Will I be able to claim mortgage interest tax relief on this as it's mixed use and n