Converting retail premises to ‘other use’ isn’t that simple. Friends of mine are landlords of single use retail premises. Trying to get planning permission to turn them into residential ain’t easy.
One very recent instance is a business ( small retail business with living accommodation over) that closed down. My pal has paid £500 to the council for change of use permission. The next council meeting is in 5 weeks time. In the meanwhile he’s no rental income, a mortgage to pay on it, utility standing charges, and he’s a very good landlord.
Highly unlikely to rent it out again as retail. Painful lesson learnt for him
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