A
Axus
New Member
Hi.
I would appreciate advice on sale or investment of retail premise please.
The property is a freehold single story beauty salon shop, let on a new 10 year full maintainence, repair and insurance lease at £4,800 per annum with 3 yearly revision in line with the RPI. It was last valued in 2009 at £60,000 which gives a todays valuation of around £75,000.
I need to raise £50,000 fairly quickly so looking to take an interest only loan, investment secured by first charge on the property, or sell it.
Any suggestions on which way to proceed will be gratefully received.
Regards
I would appreciate advice on sale or investment of retail premise please.
The property is a freehold single story beauty salon shop, let on a new 10 year full maintainence, repair and insurance lease at £4,800 per annum with 3 yearly revision in line with the RPI. It was last valued in 2009 at £60,000 which gives a todays valuation of around £75,000.
I need to raise £50,000 fairly quickly so looking to take an interest only loan, investment secured by first charge on the property, or sell it.
Any suggestions on which way to proceed will be gratefully received.
Regards