Commercial Property To Residential Conversion | Permitted Development (PD) Retail to Residential
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This is Kiren Gill's first Commercial PropertyTo Residential Conversion project utilising permitted development rights. In Part 2, we revisit the site once complete. In this project Kiren took a standard commercial property where the rear of the retail unit was converted to make a flat, while retaining a smaller shop at the front. All this is done under permitted development rights (ie no planning permission required).
But best of all, Kiren is not using any of her own funds to finance this project. The bulk of the funds have been provided by Ranjan's company with equity investment put in by Kiren's private investor. (Full details in the video.)
Kiren learnt this strategy from attending Ranjan's commercial property workshop. Join Ranjan LIVE for FREE 90-minute deep dive into repurposing commercial buildings & investing in commercial property, this Sunday, at 7pm.
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@thehakbar 4 жыл бұрын
Kiren has done a good job, well done
@TheVondoom64 2 жыл бұрын
I have watched this video 3 times. Its absolutely packed with information about Comms to Ressy. Thanks Ranjan
@simply2ghetto 4 жыл бұрын
This is the reason I am subscribed. We need this kind of high quality content.
@vikeshjodha8745 3 жыл бұрын
She has done an amazing job and just shows what you can achieve if you know what you are doing under PD.
@martijnwiedijk5604 2 жыл бұрын
Inspirational video. Can't wait to do something like this myself.
@feliciaflinders 4 жыл бұрын
Excellent results for a first property. Well done Kiren!
@dionnecondor-farrell7284 4 жыл бұрын
Great follow up video Ranjan. Well done Kiren, very proud to see how you've accomplished this in the end. Very inspiring as ever 😊
@talkingballs 2 жыл бұрын
Well done Kiren and thanks for following up Ranjan.
@jordanhtiffirg1990 2 жыл бұрын
This video has helped a lot this is exactly what I want to do for my next project thanks to you Ranjan but in a less expensive area
@phalimmaguire6069 2 жыл бұрын
Amazing profit on this project. well done and great video.
@tax-rightaccounting 4 жыл бұрын
Well done Kiran and well done Ranjan.
@annrice2405 3 жыл бұрын
Enjoyed this, thank you. It's very relevant to me on a property at the moment and I joined the webinar on 3rd January too 👍
@alisonnorcross951 4 жыл бұрын
Love the completed project. Opportunity knocks......
@suppal1981 4 жыл бұрын
Great video. Well done Kiran!
@wh9930 4 жыл бұрын
Great deal and finish to match . ...
@aseem7839 4 жыл бұрын
Thank you Ranjan!
@kamgunner5920 2 жыл бұрын
Very well done. Looks sublime. The vision to see and execute such work is mesmerising. When I start this I hope I can do as well in my vision and execution.
@ranjanbhattacharya-succeed7617 2 жыл бұрын
Yes. It’s all about having the vision. The place to start is to properly educate yourself as Kiren diss check out my 8 week commercial property training programme here >> www.succeedinproperty.com/workshop
@DALINGTONLondon 4 жыл бұрын
Nice job, well done to all - it will be very interesting to see what the units actually achieve on completion as the figures seem a bit sporty.
@ranjanbhattacharya-succeed7617 4 жыл бұрын
Join Ranjan LIVE for FREE 90-minute deep dive into repurposing commercial buildings & investing in commercial property, this Sunday, at 7pm. FREE REGISTRATION AT www.succeedinproperty.com/free-training.
@abdullahk9606 4 жыл бұрын
Thanks for video again
@rickyandrews2410 3 жыл бұрын
Fantastic job
@XORknight 3 жыл бұрын
Great content as always. How does it work with bin collection and home address?
@tejlander7296 4 жыл бұрын
Great video Ranjan and a brilliant deal! One question: am I right in thinking that without the little courtyard by the bedroom, this would have been a non-starter since there would've been (a) no window for that room and (b) no fire escape arrangements from there? In that sense, would this actually be quite a tricky deal to replicate?
@willdodd2810 3 жыл бұрын
Incredible job. Well done all! Question: If a garage was at the back of the original shop, would this fall under the class M permitted development? I'd be very grateful for your answer.
@MrCVJ88 4 жыл бұрын
Great video thank you
@gerry2345 3 жыл бұрын
I like this vid. Good insight.
@Beyondthevale777 Жыл бұрын
Great video. What was the shop at the front valued at please?
@dannymurphy1779 4 жыл бұрын
Great job, particularly liked the bathroom. Did you have to do much by way of soundproofing between the shop and flat??? I take it you had to purchase a 10 year warranty to make it mortgagable.
@itserin1541 4 жыл бұрын
Great case study
@ranjanbhattacharya-succeed7617 4 жыл бұрын
Much appreciated
@MartyKind 3 жыл бұрын
Excellent case study and much kudos to Kiren. Have you considered using lavalier mics for these videos as the dialogue was as struggle to follow in places... just my 2p :-)
@hasherpeekpower94 4 жыл бұрын
I like the way you showed the whole progress, figures, plans etc in detail. It really helps in understanding the whole process. Would have been better to have interviewed the planners. One thing i am unsure about is the permitted development. Would have liked to understand this better. I.E Maybe detail how it works from start to finish on a small project like this. Also what other types of premises would be suitable to do this type of conversion. Also the sound level once you were inside the flat was very low. Apart from that the flat looks fantastic.
@matthewhunty 4 жыл бұрын
Wonderful video. Are you going to show the shop. Interested in the heating system.Is the developer going to talk at Baker Street any time soon. Maybe online as we have now have Problems.
@giftbox9436 3 жыл бұрын
Thank you Ranjan for a great and informative video.Well done kiren as well great deal and a good job done.Just a quick question if under PDR M you could convert upto 150sqm of space to a flat could you fit more than 2 flats to maximize the space being converted to flats. Obviously take into consideration light and access. Thanking you in advanvce
@andrewadjei-arhin770 4 жыл бұрын
Hello @Ranjan was Kiren able to sell the property in the current market with covid19 and all?
@akshaykumarsingh1584 4 жыл бұрын
Great video Ranjan - thank you! Would the office have its own toilet W.C. facility or wash basin only?
@ranjanbhattacharya-succeed7617 4 жыл бұрын
absolutely
@hakimvlogs6579 4 жыл бұрын
Can you get info on how show funded it
@mahendranarain2146 3 жыл бұрын
When your exploring a commercial building (shop and apartments above) what price range do you generally try to stay within?
@trendinglivetv 3 жыл бұрын
This is really a great deal sir.Amazing!!
@johnreynolds7400 2 жыл бұрын
Looking at the plans, appears to be an access door between the dwelling and the commercial office where they split the two in the middle.. is this due to build regs and how does that work selling them on separately?
@sankalpag 4 жыл бұрын
Ranjan, whats will be the key risk in this project, thinking of risk vs reward?
@vikaschopra-progress9743 4 жыл бұрын
how many flats did you do with the shop..
@jasmineray2075 Жыл бұрын
Does this property have a basement and If so how was it dealt with? Thanks.
@nasirhayder825 3 жыл бұрын
does the commericial property have to be freehold
@davidyan7354 3 жыл бұрын
well done! Some questions if don't you mind. 1. Are there any registration costs after splitting into two uses? 2. Regardless bellow 12K do you still have to pay business rates with 3 month exemption? 3. Did it take 8 months to complete? 4. Did you pay an Architect?
@Meowscales_Playz 2 жыл бұрын
Great project and profit. Could such a handsome profit be made outside of London where property prices are no where near as high?
@Mer-ci5xj 3 жыл бұрын
Well done Kiran. It looks great! How do I get in touch? I'd love to JV with you on a project 😊
@diandrra1 4 жыл бұрын
Great project! I wonder why it took 7 months (besides the 1 month for Christmas holidays). What is the average time for this type of project?
@ranjanbhattacharya-succeed7617 4 жыл бұрын
It could possibly have been done sooner. You do have to wait 56 days for the prior approval for PD to come through. In that time you can't do any more than stripping out. It also takes a few months to get utilities split.
@vvwalker7261 2 жыл бұрын
So the purchase was made prior to receiving PD? Is there any risk that PD could be refused at all? (Assuming not in an Article 4 or listed building etc)
@harsh0811 4 жыл бұрын
SO the reason she doesn't pay business rates on the shop is because it falls under the sqm bracket? If it was much bigger, would she pay it?
@MrMylesXD 4 жыл бұрын
Hi Ranjan, I'm late asking this question so I apologise, due to the PD, does the property now count as two separate dwellings which you sell separately or do you have to sell the two together as a office with living space. Many thanks
@ranjanbhattacharya-succeed7617 4 жыл бұрын
Hi. Slight confusion over terminology. A dwelling is a place you live in. whats been created here is 1 dwelling (ie a flat) and 1 retail A1/A2 unit. Each may be sold individually or as one
@nassah2010 4 жыл бұрын
What kind of deposit do you need for a deal like this? if you are a new business. Also can you do please do a video more on commercial lease options?
@ranjanbhattacharya-succeed7617 4 жыл бұрын
Commercial lease option video is coming soon. Do checkout part one of this video. As explained there, this was no money down >>> kzfaq.info/get/bejne/frxoh81e2prYg2w.html
@navmohindra579 4 жыл бұрын
Did Kiren manage to sell the flat and office before covid-19? Otherwise she'll may have to wait a while before she can reach her projected figures.
@ranjanbhattacharya-succeed7617 4 жыл бұрын
There is an offer progressing on the commercial unit. The project was finished just before lock down so it has been difficult to do viewings. But should sell pretty quickly because compared to what's on the market, it stands out as being exceptional value.... The figures are still great due to the strategy, ie to convert low value commercial space to high value residential space.
@TheQuickyo 3 жыл бұрын
Hi Ranjan Can you put me in touch with Kirens architect? I have a shop which would suit this development. My current architect is good but lacks this type of vision/experience. Also - Whats the Baker Street meet up situation during covid?
@matthewhunty 4 жыл бұрын
Can You let us know how much the misting system cost and where it was from.
@tc5111 3 жыл бұрын
Ever heard of a website called 'google'?
@ajaznawaz37 3 жыл бұрын
Did I miss something, what happened to the original g.floor shop?, if converted how does it look aesthetically from outside?
@ranjanbhattacharya-succeed7617 3 жыл бұрын
Ground floor shop was made smaller and sold
@ajaznawaz37 3 жыл бұрын
@@ranjanbhattacharya-succeed7617 thanks ranjan, I should’ve watched the first video. anyway agree 1️⃣0️⃣0️⃣ pd changes are game changer 👍🏽
@mahendranarain2146 3 жыл бұрын
how long did this project take from start from final product?
@ranjanbhattacharya-succeed7617 3 жыл бұрын
About a year. But that included the March complete covid shutdown. In normal times this is a 6 to 8 month deal
@34stylestreet 3 жыл бұрын
Hi Kiran / Ranjan , just wondering can this conversion be implemented on a 999 year long lease retail shop? I would very much appreciate your response.
@ranjanbhattacharya-succeed7617 3 жыл бұрын
You will get the PD but can only implement it with Freeholders consent and they will charge you. (You will have to share your profit!)
@34stylestreet 3 жыл бұрын
@@ranjanbhattacharya-succeed7617 thank you so much Ranjan , Much appreciated, do you have an email or contact info I don’t seem to find those anywhere to reach you , for getting in touch for future projects. How can we reach you. ?
@ranjanbhattacharya-succeed7617 3 жыл бұрын
@@34stylestreet Check out my 8 week commercial property course. www.succeedinproperty.com/workshop (I spend a lot of time working closely with course delegates on analysing projects etc)
@34stylestreet 3 жыл бұрын
@@ranjanbhattacharya-succeed7617 thanks Ranjan!
@scazz007 4 жыл бұрын
Have you sold any units yet?
@ranjanbhattacharya-succeed7617 4 жыл бұрын
Offer for commercial unit received. Residential unit hit the market just before lock down, so viewings have been restricted
@willpollard4983 3 жыл бұрын
sounds good looks good try selling it
@ranjanbhattacharya-succeed7617 3 жыл бұрын
This deal was last year. All sold and investors paid back, during covid, with £200k profit. (There was plenty of demand for both flat and shop)
@italianpropertiesforsale 2 жыл бұрын
Amazing, I need one or two of these … love to be her partner too ;)
@kwlooi6336 3 жыл бұрын
Hi,Ranjan nice to see your video.My landlord want to sell it commercial property with 2 floor on top can you give me some tips how to get some profit on it please.He ask me buy but so expensive £650000 I can't afford it.But me holding the lease.
@kwlooi6336 3 жыл бұрын
My number 07493900670 Danny
@websurfer1585 3 жыл бұрын
400k for a one bed flat in ealing? That is surely unrealistic?
@ranjanbhattacharya-succeed7617 3 жыл бұрын
That’s what it sold for. A done deal
@websurfer1585 3 жыл бұрын
@@ranjanbhattacharya-succeed7617 Amazing, that was a very lucrative property deal, nearly 400k profit all together. Are those kinds of profits common?
@jordanhtiffirg1990 2 жыл бұрын
Lol Ranjan wasn't having it with that valuation
@amazinginsight-z5p Жыл бұрын
Starts after 5 minutes of waffle.
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