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The Big Property forum • View topic - Question-buying apartment to rent in commercial building
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PostPosted: Wed Sep 25, 2013 2:15 pm 
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Joined: Wed Sep 25, 2013 2:10 pm
Posts: 1
Hi,
i am considering buying a very nice, full furnished, 1 bed, lease hold flat in a building that functions as 'Serviced Apartments'
The lease is 125 years, very reasonable ground rent and service charge. The building is very well maintained internally and externally, 5 minutes walk from the center of a rapidly developing center in London with excellent transport links.
I'm buying to let but i can rent back to the service apartment company at market rent so no need for an agent and guaranteed rental return.

Okay, that's the sales pitch. My concern is that there are only 4 privately owned apartments in the building. I'm buying cash but mortgagers are reluctant to lend on such properties. It's not impossible to get a loan just harder than usual.
If i was to re-sell, ideally i would be looking for a cash buyer but i'm wondering if there is anything else i'm missing buying such a property?

Any constructive advice, criticisms welcomed
Thanks


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PostPosted: Wed Feb 05, 2014 1:37 pm 
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Joined: Wed Feb 05, 2014 1:33 pm
Posts: 2
Well there’s no need to worry about, as there are some good property agent that can assist you to rent your apartment and help to find good rental returns as well. You can list your apartment in their database and find appropriate buyers for it. If you are not sure and finding it difficult to find one then do lookup for and contact them for further detail. They will guide you in legal property concern as well. Hope it could be of help for you.


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