How to source, appraise, finance and manage the construction of your perfect commercial property: everything you should know before investing in commercial property and how to maximise returns
Since the introduction of the General Permitted Development Order (GPDO) in 2015, the popularity of commercial to residential conversions has increased dramatically and with parliament granting permissions, meaning that more and more offices (and warehouses up to 500M2) can be repurposed in this way, it’s imperative that those carrying out the works know exactly what’s […]
Mark Homer and I have been in property since 2003 and 2005 respectively. This doesn’t give us the right to boast or say we are experts, but it does teach you a lot. You can make a lot of mistakes in 15 years, and you can see others succeed and fail too. I always try […]
Commercial property, like any other investment, requires a lot of research and knowledge in order to be successful. This is especially true when it comes to first-time buyers. And the reason is simple: you’re playing with big money, big potential and big risks. Without due diligence and wise investing, instead of maximising your return and […]
For full transparency I’m an investor, a holder, I don’t have a trader mentality and I don’t have a history of getting into or out of things for a short period. My ideal holding period for most assets is forever… So now that I have established some of my biases here goes: Why would you […]
Funding is required for two elements: in basic terms, you have got to purchase a property which you intend to convert to a residential use normally. You therefore need to fund the purchase and the development. Together, the purchase and the development are collectively ‘the costs’ (along with professional, solicitors and legal fees). What we […]
The time vs. profit quandary is also one that should be at the front of your mind when assessing deals. Developments that involve a lot of hassle and time may not be worth it if there isn’t a good chance of a healthy profit at the end. Many people don’t assess the amount of time […]
For many years, I’ve looked at the size of commercial buildings in the local area, surprised at their low capital values versus residential properties on the same street of an equivalent size (or adjusted on a per foot basis); I regularly thought to myself that there must be mileage in converting these buildings into residential. […]
Investing in commercial property to let out to a business can be a rewarding and wise decision. It can cover a range of building options such as: office, retail, car parks, warehouses and industrial properties. The yields are often higher and the tenant will often sign a full repairing and insuring lease. However, few investors […]
Do you own property that you rent out, either as an investment or as a trade? Then you should look at incorporating as a limited company, as this can save you money! Recent changes in legislation have eaten into the bottom line profitability of renting out properties. The changes include additional SDLT, restriction of tax […]
We at Progressive Property love to trumpet about the incredible opportunities that property investment offers those brave enough to dive in, regardless of whether you are wealthy, and whether you are looking for extra cash, a more stable future, or to completely replace your career via passive income. We would always recommend that you start […]
Stamp Duty Land Tax (‘SDLT’) and its predecessor Stamp Duty have been with us for a long time as an additional tax burden on any purchase of property (whether as an investment, trade or for personal use). However, from 1 April 2016, anyone who already owns a residential property will pay additional SDLT on the […]
I recently had an enlightening conversation with Peter Jones, who is a successful chartered surveyor, author, and property teacher. The most properties Peter has completed in a single year is an impressive 35, and during his career he has bought 3 portfolios, two of which he flipped, and always reinvests. His 70 properties make him […]