Shop in Padiham Purchased in 14 Days
|Property Type||Condition||Reason For Sale||Completion|
|Shop||Poor Condition||Threat of Repossession||14 Days|
The owners had rented the Padiham property to a tenant who ran a business from the lock up shop to the front. The lower ground floor and basement were purely to be used for storage. The tenants fell behind with the rent and substantial rental arrears racked up putting the owner landlord into financial difficulty and could not keep up the mortgage payments. The bank decided to get their asset valued and considered taking possession or forcing the owners to sell and re-pay the loan.
On inspection, it turned out the tenants had illegally sub-let the rear of the property and basement as a maisonette apartment. In breach of health and safety regulations, mortgage conditions and planning regulations, the owners had no choice but to sell as fast as they could. The council were about to place charges on the property and force change of use back into commercial unit with storage.
The owner tried to sell the Padiham property on the open market with commercial agents, estate agents and even by auction but no buyers could be found due to both the condition and the impending Environmental Health notices and Planning enforcement notices.
Eventually, 365 Property Buyer was asked to help. We were delighted to be able to make an offer on the same day as meeting the seller, with a fast completion in 14 days.
Sell Your Padiham Property Quickly
We are a UK Property Buying Company that purchases property quickly, we also make the process of selling your home to 365 Property Buyer very straightforward & our current average completion time for any type of property (not just Shop's) is 15 days.