As an investor, have you ever considered venturing into the world of commercial to residential developments? This exciting sector offers unique advantages that can significantly enhance your investment portfolio and at Brentor, it's a strategy that we love!
Take a look below at the key benefits of commercial to residential developments 👇🏼
High Demand for Housing
The UK faces a persistent housing shortage (take a look at our website here for more on this). This creates a really strong demand for new residential properties. Following the changes in the market of recent years, an abundance of former commercial spaces have become available. Converting these spaces into homes helps address this need and provides lucrative investment opportunities.
Attractive Returns
Commercial to residential conversions often yield impressive returns on investment due to the value uplift associated with creating desirable living spaces. Simply changing the designated use of a property from commercial to residential can significantly increase its value. This is because residential properties generally command a higher market price per square foot compared to commercial spaces. Not only that, many commercial properties are situated in prime locations with excellent access to transport links, amenities, and employment hubs. Converting these spaces into homes allows you to capitalise on the location's desirability, further boosting the property's value.
Permitted Development Rights
The UK government has streamlined the planning process for certain commercial to residential conversions, making it easier to get projects off the ground. This is the case for other strategies too so make sure you familiarise yourself with PD to ensure that you're making the absolute most of it!
Urban Regeneration
These developments contribute to revitalising urban areas by transforming underutilised spaces into vibrant communities. Residential developments bring people back into areas that might have been predominantly commercial during the day and quiet at night. This increased footfall supports local businesses, enhances safety, and creates a more vibrant and active atmosphere.
Ready to Explore the Potential?
At Brentor Properties, we specialise in identifying and executing profitable commercial to residential developments. Our team has the expertise to navigate the complexities of the planning process, secure financing, and manage the construction phase, ensuring a smooth and successful project.
Let's Discuss How We Can Turn Opportunities into Thriving Investments!
Contact us today to learn more about our current projects and how we can help you achieve your investment goals. Together, let's unlock the potential of commercial to residential developments and create thriving communities across the UK.
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