Commercial property - SIPP

[Tresco]

I'd like my SIPP to buy a lock up shop with a Flat above, the Flat is sold off on a 125yr lease and therefore has a separate long leasehold title, I own the entire Freehold.

The SIPP providers have advised that 'the SIPP would need to buy a new long leasehold of the ground floor as we could not be the freehold landlord of the whole building due to the residential element.'

Doing this would create a flying freehold for the Flat which isn't great.

The SIPP is with James Hay, before I start calling other SIPP providers I wondered if any of the pension advisers here have come across this before?

Thanks chaps.

[Tresco]

Thanks for replies, the fees are high enough already for doing this so was looking to avoid additional costs in setting up separate title etc but having made some calls in the meantime this looks unavoidable.

[Tresco]

Thanks for the light reading Ginge, I was wondering what I'd take to read on holiday..!