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Empty retail shop
sevenhills
Posts: 5,938 Forumite
With online shopping and out of town shopping becoming more popular, there are more empty retail units.
I recall my local council did a compulsory purchase on one and turned it into flats.
I have noticed an empty shop locally and I searched the land registry to find it owned by LAND ACQUISITIONS LIMITED (Co. Regn. No. 2978328) of 3 Greengate, Cardale Park, Harrogate, Company Status, Dormant Company.Is there a reason why a company would just buy a property and leave it empty for years? I thought I might send them a letter, to see if they have over-looked its existence.
I recall my local council did a compulsory purchase on one and turned it into flats.
I have noticed an empty shop locally and I searched the land registry to find it owned by LAND ACQUISITIONS LIMITED (Co. Regn. No. 2978328) of 3 Greengate, Cardale Park, Harrogate, Company Status, Dormant Company.Is there a reason why a company would just buy a property and leave it empty for years? I thought I might send them a letter, to see if they have over-looked its existence.
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Comments
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Possibly waiting to acquire other property and amalgamate them for a larger development?sevenhills wrote: »Is there a reason why a company would just buy a property and leave it empty for years?
Pretty unlikely.I thought I might send them a letter, to see if they have over-looked its existence.
Is it one of the properties they've mortgaged?0 -
Yes, its one of those. It's in a long terrace of around 10 properties0 -
"Dormant company" just means not actively trading. It's a holding shell for the properties. They won't have "overlooked" the existence, they're land-banking - waiting for values to rise to the point that the land is worth selling to developers. If they can purchase a number of adjoining properties, so much the better, because they can then sell a single large plot, rather than a miscellany of small onesy-twosy plots.
This is the owner of "75%+" of the shares in Land Acquisitions Ltd
https://www.linkedin.com/in/paul-land-a1b43811
http://www.tennantland.co.uk/about/meet-team
It may well be that they're owned on behalf of a developer client.0 -
Send a letter to the council to get it bought and turn it into something useful"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
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On Rightmove at its last sale it was listed as "Semi-Detached, Freehold, Residential", there is a flat upstairs, which looks rundown and unlived-in. How are these properties treated in regard to council tax?
Would it be subject to pay extra council tax, as it is empty?0 -
That depends on the policies of the local council, they all have different rules.sevenhills wrote: »How are these properties treated in regard to council tax?
Would it be subject to pay extra council tax, as it is empty?0
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