Selling Commercial Property
Discussion
Question for the PH developers. We are looking at a potential opportunity to buy some commercial property, it has planning permission to demolish and construct a 4 storey office block on the land (currently 2 storey with a bit of parking to the rear).
The question is, how do you sell off the excess floor space, we would only really take up one floor and would need to get shot of the rest. We dont want to rent as there seems to be plenty of office space that cannot be shifted around here but we do know of a few people in the same situation as us (ie wanting to buy and no longer rent).
Is it possible to sell off a second floor on a kind of freehold basis? What options do we have?
Thanks.
The question is, how do you sell off the excess floor space, we would only really take up one floor and would need to get shot of the rest. We dont want to rent as there seems to be plenty of office space that cannot be shifted around here but we do know of a few people in the same situation as us (ie wanting to buy and no longer rent).
Is it possible to sell off a second floor on a kind of freehold basis? What options do we have?
Thanks.
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