We own the freehold of the property which was originally a very large Edwardian house.
We own the freehold of the property which was originally a very large Edwardian house. In the early part of the 20th century it was converted into a shop with large accommodation behind and above. We have let the shop on a year's licence until May 2014 but need to consider options regarding selling the freehold of the whole property or obtaining a lease for the maisonette, selling the maisonette while retaining the freehold and the small shop which rents out at £6,000 p.a. The maisonette is very large - 4 bedrooms (3 of them are large doubles), 2 reception rooms, kitchen, 2 bathrooms, a conservatory, a large garden and a loft. We need to release some capital at least from selling the maisonette but would we be better to sell the whole freehold or just sell the lease to the maisonette and continue to let out the shop? Thanks.
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