Buying a shop front with flat above it.

[simon]

Hello,

Thinking ahead here.

In a few years time i will have the funds in which to buy a shop front with a flat above in my area. I know where it is and what i want to do with it.

there are 4 shops and 4 flats, i want just 1 of them in the future. They are bought by the people who live and run their business there.

So when i have the money to get one in a few years, should i send them a letter saying i am interested in the property and am willing to pay above the asking price for the property, current prices are around 140k - 200k.

Or should i let them know i will buy their business and the property ?


The business that are currently there are, hair salon, computer shop, accountant's and fish shop.

I recon the computer shop will go out of business first

And the last question is, would i get help for first time buyer from the government , or is it classed as a commercial property which the government will not help with ?

lincroft1710

The time to ask all these questions is when you are actually in a position to buy one of the shops. What is current now can easily change.