Are you wondering how you can make a fortune with commercial conversions – without needing planning permission?! With over 165,000+ MISSED opportunities across the country, developing commercial buildings can be a strategic, profitable move. I’ll be sharing all you need to know about a commercial to resi conversions, so stay tuned.
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Main Points:
🏢 Identifying Convertible Buildings: Learn to spot potential properties on your high streets, such as closed banks, shops, offices, cafes, and more. These buildings often come with permitted development rights, streamlining the conversion process without the need for lengthy planning permissions.
🏘️ Expanding Permitted Development Rights: Stay informed about upcoming government announcements introducing new permitted development rights. Expected in the next six months, these changes aim to facilitate the conversion of existing buildings to address the national housing shortage.
📈 Leveraging Expertise: Understand that you won’t be personally handling the conversion work. The strategy involves leveraging the skills of architects, planning consultants, structural engineers, project managers, and quantity surveyors. They’ll do the work, but for you.
💳 Funding Strategies: Address concerns about the cost of purchasing commercial buildings by employing funding strategies. Utilise raising finance, such as senior lending from challenger banks or development finance lenders. Additionally, tap into investor funds (equity) by bringing in joint venture partners or lenders for these projects.==
DISCLAIMER: This video is not sponsored, nor is it endorsed, by any third-party affiliates. This is NOT financial advice.
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TIMESTAMPS:
0:00 How to MAKE MONEY from Empty Buildings
0:41 What Are Permitted Development Rights?
1:56 How Difficult Are Commercial Conversions?
2:21 How to Fund a Commercial Conversion Project
3:55 Best Commercial Conversion Strategies
4:22 How to Get Started in Commercial Conversions RIGHT NOW
4:37 Stay Tuned!
Are you wondering what kind of returns you can expect on a commercial to residential conversion? I answer your burning questions ▶️ https://www.youtube.com/watch?v=Tv0TgSur_SU
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