Office to Residential Conversion - A tour by Miles Bulloch at Propertunities [Video 4]

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Office to Residential Conversion - A tour by Miles Bulloch at Propertunities [Video 4]

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Күн бұрын

Miles Bulloch at Propertunities takes you on a tour around one of our commercial conversion projects giving the latest updates.
The Plan:
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❇️ Convert 1st and 2nd Floor to 7x 2 Bed Apartments. Partially using approved Permitted Development and partially using an approved planning application.
❇️ Refurbish and Redecorate the Ground and Basement Floors ready for a new commercial tenant
🕘 Estimated project duration: 6 - 9 months
🤑 Estimated return: Get in touch and we can take you through the numbers!
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Progress:
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✅ Strip-out well under way
✅ Valuation booked in with development lender
✅ Re-energising in progress (no electricity at the moment)
✅ CIL and VAT being dealt with by experts
✅ Two HUGE safes looking for a new home
✅ Strip out finished
✅ 1st fix electrics done (no gas)
✅ All rooms partitioned
✅ Development Lending - legal work finally complete and 1st Drawn down done.
✅ Bluetooth ceiling speakers installed
✅ 1st fix water done
✅ Kitchens in
✅ Bathrooms going in
✅ New stairs to access apartments in
✅ New external cladding going up
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Visit our website to see more of what we do or to join our waiting list to invest in projects like this:
www.propertunities.co
FOLLOW US:
www.propertunities.co
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/ propertunities
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Пікірлер: 2

@sirxenon6855 4 жыл бұрын

Man I have just found out about commercial to resi and permitted development rights and I am totally hooked now. The loss of planning headache plus the big profits of the conversion just feels too good to be true Where can I source such brilliant opportunities like the church thing you were doing ? Subscribed. 😀

@Propertunities 4 жыл бұрын

When you find building that lends itself to this type of conversion, then you can do well, but you may have to kiss a few frogs along the way! This particular property we had to apply for planning permission as permitted development (PD) wasn't an option. We bought it subject to obtaining planning permission to convert from D1 (place of worship) to Sui Generis (18 room HMO). We worked with a sourcing agent to find this deal, which is one of the ways you can find one. Some other ways: - Walk the streets, look for buildings that could be easy to convert (shallow floor plate, lots of windows), look it up on the Land Registry and contact the owner - Use an online tool like LandInsight.io or Nimbus Maps and identify properties that way - Speak to local commercial agents - Search on Zoopla and Rightmove Commercial, or Estates Gazette Property Link Hopefully that helps :)