Cityliving
Registered User
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- 125
Hey guys,
I have an apt which was formally a commerical unit (office). The lease agreement between all the landlords allows for use commercially as an office still and I was thinking of selling the apt soon. My questions are:
Should I sell the apt as is (its in D4 in town) whilst mentioning the Commercial aspect as a bonus
Should I sell as an unrenovated office
Should I renovate to good office standard and then sell
I contacted a number of commerical property letting agents who have given me a variety of answers which included:
"Rent from commerical would be higher so you should get higher market value as office (20K yearly now to approx 25K they said as office)"
"Its part of a Georgian building which only has 1 commercial unit at the bottom and rest apts (its onto a main road) so it may not be what people are looking for usually they go for purpose built buildings"
Any advice would be great.
I have an apt which was formally a commerical unit (office). The lease agreement between all the landlords allows for use commercially as an office still and I was thinking of selling the apt soon. My questions are:
Should I sell the apt as is (its in D4 in town) whilst mentioning the Commercial aspect as a bonus
Should I sell as an unrenovated office
Should I renovate to good office standard and then sell
I contacted a number of commerical property letting agents who have given me a variety of answers which included:
"Rent from commerical would be higher so you should get higher market value as office (20K yearly now to approx 25K they said as office)"
"Its part of a Georgian building which only has 1 commercial unit at the bottom and rest apts (its onto a main road) so it may not be what people are looking for usually they go for purpose built buildings"
Any advice would be great.