What does 'Retail Leasehold Available' mean

[tubs]

Hi

I'm looking at a commercial property advertised on realestate and its been listed as 'Retail Leasehold Available'. Does this mean you own the property, or does it mean you pay the asking price, and then you can lease it?

Much appreciated.

Thanks

 

[ivi]

I'm guessing it will be that you get to own the building portion and not the land.

 

[Dazz]

It means they are selling the business within the building.

You are not buying either the land or the building. Simply the goodwill of the business, any plant that comes with the business and any stock they have on the shelves.

You are not buying any property if you purchase it.

 

[ivi]

Hm...different then Residential Leasehold then?

 

[emu]

Tubs a retail lease is available for that commercial premises

You might be looking for a commerial freehold, where you own that property

And then you offer a leasehold depending on possible uses retail, office or industrial

 

[ivi]

Ah...

A leasehold retail business is one that is operated by the leaseholder, who rents his premises from the landlord (freeholder).

...so youd be buying a lease for retail premises.

 

[emu]

Ah...
...so youd be buying a lease for retail premises.

You have lost me

One minute were talking about businesses and then about leases.Tubs would be entering a contract to lease a retail shop.

Estate agents sometimes place the advertisment as Retail Leasehold Available for 450 without stating that the 450 is rent per week.

There is no mention of a business in Tubs post, therefor the shop is mostlikely up for vacant posession.