Short term Central London leases sought, the shorter the better!
August 12, 2010 4:18 AM Subscribe
Sources of short term leasehold properties, Central London?
posted by Mutant to home & garden (2 answers total)
I'm interested in gaining additional exposure to London real estate, and have been trying to find reliable sources of data on short term leasehold properties.
In 2001 when I researching the purchase of my flat in the East End, I was presented with a short term leasehold property in Leicester Square. I didn't pursue as the property offered didn't suit my requirements (walking distance to work, low council tax, etc) but did some research into the pros & cons, and the idea has remained with me.
I paid off my mortgage a couple of months ago and since I've been looking for sources of data on short term leasehold property, but without much luck. Specifically I'm interested in leasehold properties in Central London with less than thirty years remaining. Other details of the configuration (bedrooms, etc) are irrelevant.
I already know this segment of the market and realise what I'm getting into i.e., I won't be seeking funding to acquire the property, I know the price of negotiating leasehold extensions are exorbitant (since the 2005, Cadogan Estate court decision) but they don't factor into my business plan.
Any leads to reliable sources would be appreciated. Most web sites either don't seem to have the listings I'm looking for, or list only very visible, high end "trophy" properties (e.g., Knightsbridge penthouses selling for £800K when fair market is £3M) so I suspect the greater majority of these properties trade off the listed market.
Any tips would be appreciated.