Right now is a good time to buy and develop commercial properties and there are great opportunities out there.
Shaz explains what commercial conversion is and shares great tips and content on what you need to do to get started and make a strategy that is one of his favourites work successfully for you.
 
KEY TAKEAWAYS
Pubs, offices, shops and warehouses can all be redeveloped to create residential properties
There are opportunities through online and auction sites
There are permitted development rights so full planning is not required
When you are looking at conversion of office buildings check there is the space for car parking
Do an appraisal and workout the gross development value and the cost per square foot
You can use lenders to fund either the purchase or the development
If you are new and don’t have any experience it can be beneficial to joint venture your first few projects to build experience
To get started you need to understand the funding, how commercial projects work, the opportunities, locations and what amenities are required.
If you are new work with a builder who is experienced in commercial conversions
 
BEST MOMENTS
‘There are quite a few lenders who are open to this sort of funding’
‘Check everything out before you purchase the property’
 
VALUABLE RESOURCES
[email protected]
 
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
  Facebook

  LinkedIn

  Instagram

  YouTube.

 
 
 
 
 
 
 
 

Ver todos los episodios