Property above a chip shop
26 February 2007, 06:55 PM
#1
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Property above a chip shop
Any known issues of owning a property above a chip shop.
Have been to view this property today & noticed the chip shop below, ableit it was shut.
Thanks
Have been to view this property today & noticed the chip shop below, ableit it was shut.
Thanks
26 February 2007, 07:05 PM
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As an aside, residential property above commercial premises used to be exempt from stamp duty. Not sure if this still applies.
It all depends on the other local amenties. If also in a trendy 'cosmopolitan' part of town minutes away from tube/train it will always rent out well to young workers who want to be in the centre of the action.
Its resale value will always have a ceiling but then you would have paid less for it in the first place. (or plaice!:
)
It all depends on the other local amenties. If also in a trendy 'cosmopolitan' part of town minutes away from tube/train it will always rent out well to young workers who want to be in the centre of the action.
Its resale value will always have a ceiling but then you would have paid less for it in the first place. (or plaice!:
)
26 February 2007, 07:14 PM
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26 February 2007, 07:14 PM
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26 February 2007, 07:17 PM
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As an aside, residential property above commercial premises used to be exempt from stamp duty. Not sure if this still applies.
It all depends on the other local amenties. If also in a trendy 'cosmopolitan' part of town minutes away from tube/train it will always rent out well to young workers who want to be in the centre of the action.
Its resale value will always have a ceiling but then you would have paid less for it in the first place. (or plaice!: )
It all depends on the other local amenties. If also in a trendy 'cosmopolitan' part of town minutes away from tube/train it will always rent out well to young workers who want to be in the centre of the action.
Its resale value will always have a ceiling but then you would have paid less for it in the first place. (or plaice!:
)Its very close to the town centre & in a good bit.
The ceiling's are high so i am thinking along the lines of a false floor all round to eliminate any smells or noise & to cut down the fire hazard also.
Its priced well
26 February 2007, 07:20 PM
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Only you know whether it's very good value compared to a similar flat not above a chip shop. You probably will have a problem when you come to sell it in the future.
Have you looked into the likely problems of letting it out?
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26 February 2007, 07:33 PM
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Letting it out shouldnt be a problem as its very close to the town centre & in a nice town.
I will get a structural survey done & take it from there.
26 February 2007, 08:58 PM
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At the moment the shop looks shut, will find out more info tomorrow, the area wouldnt suit the youths & for some reason this particular town doesnt have many of them hanging around or from what i have seen.
26 February 2007, 09:01 PM
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26 February 2007, 09:04 PM
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26 February 2007, 09:07 PM
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a larger floor/ceiling void won't make any difference in the summer when the windows are open. i often notice the extract equipment fitted to chip shops/takeways on the side of the buildings - doesn't really matter how high they terminate, you can't stop the wind blowing the smell in whatever direction it wants!
27 February 2007, 10:44 AM
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