£1.1m Profit from Permitted Development Commercial Conversion

£1.1m Profit from Permitted Development Commercial Conversion

14:04 PM, 4th October 2021, About 2 weeks ago 2

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£1.1 Million Profit From One Property Deal, but which Property Angel will fund it?

Join Xuan Meng as she pitches her project on the hit Sky show Property Elevator.

In this project, Xuan is looking to exploit the new permitted development rules which allow commercial premises to be converted to residential use under a light touch planning regime known as ‘prior approval’.

Quite a few of the Angels see the potential of this project, but who will Xuan choose to work with?



Comments

by Accommod8

15:16 PM, 4th October 2021, About 2 weeks ago

Taking the three Surbiton shop fronts at around 30 square metres each according to the lady presenter/pitcher, and particularly the middle shop, how can it be assumed that an obligatory wc and basin will operate problem free in practice, as anyone with experience would completely rule out the horrendous issues with waste macerators?
To take waste to existing soil pipes requires levels and falls to be considered, and if these are ruled out in a conservation area, or have to become part of a planning application, it could be complex.
Otherwise I see great merit in it, given the affluent area.

by Accommod8

10:40 AM, 5th October 2021, About 2 weeks ago

Ranjan tells me the basement could be utilised for toilet waste and water removal, I think due to suggesting that Xuan subsequently abandons ideas of using the basement as rooms, maybe following comments from other Angels.
Would have been even more interesting to know what NIA / size the warehouse was, and its connection/relationship to the main building, if any.
Perhaps I have misunderstood it slightly.


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