INVESTMENT & DEVELOPMENT

INVESTMENT & DEVELOPMENT

Developed Properties

19-25 Cardiff Road

This property was burnt out completely in a fire and one of our landlords Prestige Construction Ltd, consulted me and asked what I would do with the property if he purchased it.
The property was a 1900a��s commercial building, with shop fronted offices to the ground floor and basic office space to the further three floors in four buildings joined by corridors. It had parking to the rear for approx 18 cars and very close to the town centre.

I suggested separating the buildings into small apartments on the upper three floors, with basic amenities for the students attending the University. To the ground floor, I recommended keeping commercial office space.

Our client agreed with this, he applied for planning permission accordingly and once gained, proceeded to convert and refurbish the buildings, at a cost to him of A?80,000.

Once the building work was completed, the landlord furnished all of the flats, including washing machines, furniture and soft furnishings. When the flats were ready, we proceeded to let out all of the 11 flats to students.

We then concentrated on the commercial units, we let these to two solicitors, a beauty salon and a taxi company.

Once we had secured tenants, we advised Mr Hussain to sell the property to gain the maximum price possible and we did. We sold the property for A?1.1 million, ensuring him a significant return on his investment.

Latimer Road

We had a landlord, who owned a rental property in Latimer Road, the office building next door was for sale and in enquired as to whether I thought he should also buy this property.

I advised he should, as the house and offices combined would make ideal premises for many different types of business. He bought the property and applied for planning permission.

The buildings were expanded and developed extensively. Giving the owner, offices, stores, studio space and parking for up to 15 cars.

Once complete, we found a college to take the building, with an annual rental income of A?75,000. Providing the landlord with a good rental return for his money.

Adelaide Street

Two derelict units and 750 square meters of land, located close to the town centre. The properties and land were bought by our clients.

Upon my advice, one building was developed into two luxury apartments, whilst the other, a 5 bed HMO (house with multiple occupancy).

During the conversion of these buildings, the land was marked and used as a car park, a much needed facility to local offices. The land now provides an income of approx A?1,650 per month.

Upper George Street

Located in the town centre was this large building, which was previously a disused nightclub, on the market for A?1 million. The deal was done for A?900,000.

An ideal location for flats, obtaining correct planning concent from the local authority.

The client had several drawings complied, before the council gave the permission. However, now work is underway for the construction of 40 luxury apartments and retail units to the ground floor in the town centre.

Once constructed the client will be looking to make upwards of A?2 million pounds from the deal.

Tennyson Road

As the property already benefited from appropriate planning consent, it was immediately let. Years later the same tenant is still in occupation generating regular income for my client.

Whether the landlord decides to keep or dispose this property, he will be financially better off due to the fact that the property is generating regular income. It has also gained value because of a Lease in place.

Rent generating properties are an attractive option for investors who look for regular income stream.

Dumfries Street

This property was purchased by our client as a rundown building converted into six small studio apartments, with a spacious rear area benefiting from a warehouse.

I advised the client that the studios were very small and would not let for very much, the facilities were extremely limited due to confined space allocated to each unit. I thought that the property would be far more attractive if redesigned into one bed units.

The client agreed with me and for a small outlay, he converted the front building into five spacious one bedroom apartments. Planning consent has been obtained for further seven one bed flats on the land on the rear area.

Another success story of our clients I have worked with and continue to assist.

House Conversions a�� Reginald Street

Another one of client purchased two semi detached run down houses next door to each other, with a view to refurbishing them individually and letting them out.

I suggested that the two should be combined and converted into spacious one bedroom properties. This would increase rental income as well as uplift in resale value.

With little construction, the property was converted and let out as advised. The clients then sold the property as four individual one bedroom apartments and made a tidy sum.

William Street

We had a landlord who wanted to expand his portfolio. We found a house in need of modernisation close to the town centre, an ideal for student lets.

Frederick Street

We had a client who had let their property decline, it had been let out for many years and he had not maintained the property. He needed money fast, we had another client who purchased the property at a price that was acceptable to the client. Refurbished the house and sold within 3 months for a profit.

Wellington Manor

Located in the town centre on a prominent crossroads was a string of derelict shops with accommodation above. Several were unfit to enter and in danger of falling down. I had a client looking for a large development opportunity, so I liaised with the owners and helped him purchase a large plot within the town centre.

After several drawings and numerous meetings with the planning officers at the local council, the developer and builders, we eventually got planning permission for the site. The plans including 38 brand new apartments, 4 commercial units and parking.

Once the plans had been finalised, we started to sell the apartments from plan. Offering our clients choices of different finishes for the kitchen, bathroom and living areas.

Selling from plan gave our client peace of mind and financial security for the duration of the build. Knowing that all the flats had been sold.

The building has been finished in stages, we have secured tenants for all the clients that purchased the apartments on a buy to let basis and we are having continued success with the site.

Some clients have also decided to sell. We have offered competitive fees and have extensive internet and newspaper advertising. With the help of independent financial advisers, we can offer many different options to buy, part buy and rent.

This development has made our original clients and many others a good return for their investment and extended our reputation to once of excellence and outstanding service.

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1 Comment

  1. Right onhi-ts helped me sort things right out.

    Bubi on February 10, 2017
    Reply

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