Buying a 328Ci 94k (1999) but with no history - beware?

[nsi]

Due to a colleague moving abroad an oppertunity has arisen to purchase a 328Ci for well under book price. It's a silver V plate (1999) with 94k miles, manual coupé with leather, 18's etc. It has one ding near the back and the drivers leather seat a little worn but these are nothing out of the ordinary for a car that age. More of a concern however the car has no service history because it was lost, although the guy who owns it now is fairly well off so I expect it has been done, just the records lost.

I'm looking to buy the car and then clean it up and sell it on at a more leisurely pace, hopefully for a small profit.

The price it's been offered at is very low, meaning I won't need to ask top dollar when I sell it, but it does worry me that there's no service history as this might limit my pool of potential buyers?

So what I'd like to ask the collective Brain of PH is:
- Would a lack of service history dent the value? If so, then by how much?
- Will I struggle to find a buyer with no history?
- What do you reckon the car would fetch if I sold it straight away? (I've not viewed it yet so don't have any more info than is in this post.)
- When I'm viewing the car are there any common niggles/issues which might affect this car?

Cheers!

[Soovy]

Ask him where it was done. If it's BMW they'll tell you.