Keeping it Commercial – St Nicholas St

A grade 2 listed commercial building of three floors and a basement. The upper two floors were used as a language school and the lower two as an art shop. We paid £300k for the building.

The ground floor was retained as a commercial unit, being in a city centre. The two floors were stripped out and were leased on a ten year term to a new hairdressing business who fitted out the ground floor themselves.

Keeping it commercial 2 St Nicholas Street Shine 768x1024 - Keeping it Commercial - St Nicholas St

The upper floors were converted to two apartments.

The three units were revalued separately, refinanced and the apartments rented out on ASTs ( assured shorthold tenancies )

The property was recently sold in its entirety following the end of the commercial lease for £625k.

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Join this October Taking Bookings Now! Working with us for 9 months!We aim to give as much value and education as possible in all our speaking events and written material and, of course, our educational products too.Property Conversions is a Big subject though and after twenty years we know there are so many variables and such a lot to learn that it is impossible to cover all the opportunities and challenges you …

Speaking

We’re Speaking! Speaking Event - Your Property Network, with Ant Lyons Tuesday 26th March Click for More Info Speaking Event - Property Investors Network, Harrogate PIN Wed 6th February 19 Click for More Info Great Property Meet, Warwickshire Monday 18th February 19 Click for More Info Peer Meet Up for Property People, Birmingham Tuesday 19th February 19 Click for More Info Eastbourne PIN Wednesday 3rd April 19 Click for More Info 

Mentoring

Join this October Taking Bookings Now! Working with us for 9 months!We aim to give as much value and education as possible in all our speaking events and written material and, of course, our educational products too.Property Conversions is a Big subject though and after twenty years we know there are so many variables and such a lot to learn that it is impossible to cover all the opportunities and challenges you …