Wanting to sell, but perhaps only partly

adventura

I have a one bedroom flat in a central location in Edinburgh which is going to totally revitalised over the next 5-10 years due to the knocking down of the adjacent disused industrial buildings and building of offices, shops and (yet more) flats, and even a hotel. So hopefully potential capital gains to be had in the future.

On the one hand I would like to sell it because I don't think I can be bothered with the risks of letting it for a low yield. But on the other hand, because of its canal views and light it'd probably appeal more to owner-occupiers rather than value-seeking buy-to-letters who (I'm told) probably won't want to pay any premium for such intangibles. And at the moment, the first time buyer market is, ahem, depressed.

My questions are:
1. Is there some way I could sell it, but keep a hand in the future value of it? I know, it sounds a bit ridiculous.

2. Is it practical to offer some kind of secured loan to a buyer? I don't need the money out of the property, I'd be happy to effectively swap it for an income-earning debt, secured on the property itself.

Many thanks in advance.

Leory

adventura wrote: »

revitalised over the next 5-10 years due to the knocking down of the adjacent disused industrial buildings and building of offices, shops and (yet more) flats, and even a hotel

Someone will know the legalities of this better than me, but......what guarantees are there that this regeneration will take place?
Sure, better prospect than other places in Scotland but noting is guaranteed and property could be worth less depending on what stage of development it is in.

Look at the Edinburgh tram fiasco!