Hi Guys,
Had a frightening diagnosis today from a building inspector.
Beautiful art deco units I'm trying to buy have a bad case of concrete cancer in a staircase at the rear of the building leading to the two upstairs flats.
The staircase is connected to the ceiling of a downstairs bedroom and moisture and rust stains can be visibily seen "weeping" into the interior.
Spoke to building inspector at length about what can be done- but must say I am v. concerned.
He explained to me it can be patched, but would ultimately need to be fully replaced- a huge job.
I will go ahead and get quotes from builders/concretors re what can be done.
My question is, does anyone else have experience with concrete cancer in a situation like this? Should I just walk away?
Otherwise, the deal is good - excellent +cash flow in an area where I already have some top performing property.
Would love some advice from you great people.
cheers
Had a frightening diagnosis today from a building inspector.
Beautiful art deco units I'm trying to buy have a bad case of concrete cancer in a staircase at the rear of the building leading to the two upstairs flats.
The staircase is connected to the ceiling of a downstairs bedroom and moisture and rust stains can be visibily seen "weeping" into the interior.
Spoke to building inspector at length about what can be done- but must say I am v. concerned.
He explained to me it can be patched, but would ultimately need to be fully replaced- a huge job.
I will go ahead and get quotes from builders/concretors re what can be done.
My question is, does anyone else have experience with concrete cancer in a situation like this? Should I just walk away?
Otherwise, the deal is good - excellent +cash flow in an area where I already have some top performing property.
Would love some advice from you great people.
cheers