Letting a flat as office space

I have a flat above my shop. When the tenants moved on last summer I started refurbishing it - it needed a lot of work, I had to rip out the entire bathroom to track down a leak, and the living room hasn't had any attention since maybe 1990. I got the two bedrooms completely redone, with the bathroom, kitchen and living room to do next. I ran out of money and the work stalled. Now, the tenants in the shop have asked about renting the flat as additional storage and office space. They've had a look around and are happy with the absence of toilet/bathroom facilities, an "old" but functional kitchen, and would redecorate the living room themselves. Any advice on what reduced rent to charge for it compared to what I would charge for a fully fitted and decorated flat?

JGH

Reply to
jgharston
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Wouldn't it also need a "change of use" from the local council? And thus probably attract business rather than domestic rates and all other manner of knock on effects?

Reply to
Dave Liquorice

Yes. That needn't be the OP's problem though, if is rented for accomodation. For that it must have toilet & sink.

NT

Reply to
meow2222

For that it must have toilet & sink.

The OP doesn't have to rent it FOR anything. They know the space, and they want it.

Around Finchley, which I know, tertiary office space is about 25-50% of residential. However, if a particular user wants it, they might pay more. Compared to what he's getting now ....

Reply to
GB

tion. For that it must have toilet & sink.

A contract is required, and whats in the contract varies greatly according to whether its residential or commercial. Also there are differing legal re quirements fo the property itself according to use. So in practice one does let property for a specific use. There's nothing to stop the OP letting it as residential space afaik.

NT

Reply to
meow2222

whether its residential or commercial. Also there are differing legal requirements fo the property itself according to use. So in practice one does let property for a specific use. There's nothing to stop the OP letting it as residential space afaik.

Except the current total lack of a bathroom, so presumably there is no toilet.

He'd also find it exremely difficult to let even if there *were* a toilet but no bathroom.

Reply to
John Williamson

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