Hi can someone please explain exactly what freehold means with business attached. does it mean that the land is for sale also, and what would the bank lend against this would it be more than 70%
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purchasing freehold with business attached
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Hi DE
It refers to a freehold building with a business attached to it.
Might be something like a freehold shop and residential accomadation ran as a newsagent for example.
Without any other security you will probably get a max of 80% of the freehold value and maybe a max of 50% of the business / goodwill value.
It refers to a freehold building with a business attached to it.
Might be something like a freehold shop and residential accomadation ran as a newsagent for example.
Without any other security you will probably get a max of 80% of the freehold value and maybe a max of 50% of the business / goodwill value.
