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Advice on buying a leasehold flat in a commercial building

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  • Advice on buying a leasehold flat in a commercial building

    Hi,
    i am considering buying a very nice, full furnished, 1 bed, lease hold flat in a building that functions as 'Serviced Apartments'
    The lease is 125 years, very reasonable ground rent and service charge. The building is very well maintained internally and externally, 5 minutes walk from the center of a rapidly developing center in London with excellent transport links.
    I'm buying to let but i can rent back to the service apartment company at market rent so no need for an agent and guaranteed rental return.

    Okay, that's the sales pitch. My concern is that there are only 4 privately owned apartments in the building. I'm buying cash but mortgagers are reluctant to lend on such properties. It's not impossible to get a loan just harder than usual.
    If i was to re-sell, ideally i would be looking for a cash buyer but i'm wondering if there is anything else i'm missing buying such a property?

    Any constructive advice, criticisms welcomed
    Thanks
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