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Flat over shop with 80 year lease

seven-day-weekend · 2016-10-13 15:12:36

Hi there. We are looking for an apartment as an investment. We have come across one, already tenanted, in a very popular and picturesque little tourist town on the River Severn, 12 miles from where we live. The lease is 80 years. It is above two shops, one is a furniture shop and the other I think is a clothes shop. The…

Comments

csgohan4 Posts: 10,602 Forumite

14 October 2016 at 11:43AM

Pete9501 wrote: »

What a shame, now you know why its cheap and no one else has bought it. Worth a rediculous offer perhaps? say £60k. The answer will be no and the offer kept on file.

My parents had a Ledbury estate agent come back to them 18 months after a low offer and a "no" answer begging them to offer the same again. Funny old world.

Pete

Guess some people think their place is worth more than the market value, Karma always comes back

"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

G_M/ Bowlhead99 RIP
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