Mixed Use Property Mixed Use Property
- What Is Mixed Use Property?
Mixed use property is property which is used for more than one purpose. A common example of mixed use property is where there is a commercial shop, office or restaurant on the ground floor of a building and flats on the floors above.
- Non Residential
A mixed use property is usually classed as non-residential even if it consists mostly of residential flats. This is attractive to various landlords as the purchase of mixed use properties can often result in lower Stamp Duty Land Tax (SDLT) rates and liability. This is because non-residential rates of SDLT usually apply to mixed use property. There are also various tax and other benefits.
- Thinking of Investing?
Our Real Estate team have a vast experience in dealing with the purchase, sale, letting and management of mixed use property. Please give us a call if you are thinking of investing into mixed use property.