I'm looking for a property to buy in London as investment and I found an interesting property with an unusual configuration:
it is a mews house with the classic garage but the garage is not internally connected with the house, it has separate access and it is rented out to an EU company in the aviation sector that use this office space to meet the UK potential customers.
The residential part of the mews is vacant.
I understand the garage is not registered for business rate, simply the current owner had recently the opportunity to rent it out as office to this company that was looking for a representative office in this area.
My question: it is not clear if I'm going to buy this property which SDLT I'm going to pay.
I think the property should be considered mixed use not residential also because I have to buy the property with the commercial lease in place (3 year lease). I will put on the rental market the resident part of the house after the acquisition.
What do you think about ? Could HMRC challenges the mixed use ?
I will enquire a solicitor of course regarding this matter but I would like your opinion as it is a very preliminary stage. Thank you.