Tag: #permitteddevelopment⠀

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NEW DEVELOPMENT – ALDWICK ROAD, BOGNOR REGIS

Post author By Shelley Hollis
Post date February 3, 2021

We have exchanged on our latest property with completion on the 18th Feb!⠀
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????????: Aldwick Road is just outside the main town centre of Bognor Regis and the street consists of various retailers and restaurants. The seafront is a short walk away.⠀
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???????????: currently the property comprises of an extensive vacant ground floor retail premsies, which is selfcontained, accessed to the right of the property across the upper parts is a 5x bed HMO with a good sized garden.⠀
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We have ??? plans for this property, with a number of proposals currently being worked on, ready to go in for planning.⠀

Tags #landlords, #permitteddevelopment⠀, #propertyblog, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyrenovation, #propertysourcing, #rentalproperty, #ukpropertyinvestment, #ukpropertymarket

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GEORGE STREET, HOVE – SITE UPDATE

Post author By Shelley Hollis
Post date February 3, 2021

We are now into the final third of our project on George Street, Hove. A mixed use property, which was once a former banking hall.

ᴏᴜʀ ᴘʟᴀɴ ꜰᴏʀ ᴛʜᴇ ɢʀᴏᴜɴᴅ ꜰʟᴏᴏʀ:⠀⠀⠀⠀
Create 2 x Commercial unit on the ground floor, open plan with kitchenette, store and separate WC.⠀⠀
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ᴏᴜʀ ᴘʟᴀɴ ꜰᴏʀ ᴛʜᴇ ꜰɪʀꜱᴛ & ꜱᴇᴄᴏɴᴅ ꜰʟᴏᴏʀꜱ:⠀⠀⠀
Create 4 x Twodio flats on the 1st and 2nd floors comprising a shared separate kitchen, with en-suite shower rooms and off-suite shower rooms.⠀⠀

Where we are:⠀⠀
➕ 2nd fix nearly complete for most of the project⠀⠀
➕Final plastering being done ⠀⠀
➕First fix done on the extensions, ready for tacking & plastering⠀⠀
➕Bespoke wardrobes fitted into the alcoves, making use of dead space now completed⠀⠀
➕Feature wall black brick slips are being fitted⠀
➕Kitchens installed⠀
➕ Delay with installing the services, obtaining MPAN numbers, UKPN site visits and registering new addresses ⠀

Tags #buytolet, #coliving, #investnow, #landlord, #landlords, #permitteddevelopment⠀, #professionallet, #propertyblog, #propertydeveloper, #propertyrenovation, #propertysourcing, #ukpropertyinvestment

Blog

Permitted Development

Post author By Shelley Hollis
Post date September 29, 2020

We have always looked to avoid planning where possible. Why?…⠀
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Planning is slow, cumbersome and not always predictable – especially in Brighton and Hove, a council known nationwide for its restrictive approach to planning. So we have used Permitted Development (PD) opportunities. For many years this has taken the shape of C3-C4 out of A4 areas, box-dormers, 3m rear extensions etc. Adding square footage to create yield. With A4 for HMO moving city wide, and the over saturation of investors moving in to this market, we have looked to utilise other PD opportunities. ⠀
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It is likely that more PD will come in addition to what has been announced in the past few weeks. This will no doubt include conversion of the new E Class of properties in non protected areas to C3.⠀
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What are we looking at? Mostly Light Industrial to resi and 2 flats above commercial, in areas where we believe further PD will come. We were focussing on other things during the office to residential rush a few years ago, but this will come again with reduced reliance on office space – so we are looking at this too, where the conversion costs work and where it will make good quality and appropriate accommodation.⠀
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Years ago it was all about commercial for yield and that group of landlords are now selling up or in some cases dying off! There are opportunities to be had and this could be a great few years for PD – if we do it right. Relaxed planning laws is no excuse for exploitation and profiteering!⠀

Tags #article4⠀, #article4directive⠀, #brightonproperty, #brightonpropertyblog, #buildbuildbuild⠀, #buildingcontrol⠀, #investmentplan, #investmentstrategies, #permitteddevelopment⠀, #planningconsultants⠀, #planninggain⠀, #planningpermission⠀, #propertyplanning⠀, propertyinvestmentsuk, propertyinvestoruk, propertylandlord

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Commercial To Residential – Doing It Right

Post author By Shelley Hollis
Post date September 29, 2020

In years passed the value has been turning residential into commercial property, especially in central locations. Now the tide has turned and it could be explosive. Retail has been under threat for years, but with the Covid-19 we will see all manner of commercial properties no longer become viable. This combined with a chronic under-supply of residential property we will see a huge switch.⠀
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Government led relaxation of planning laws and increased Permitted Development (PD) rights will act as the facilitator.⠀
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We have been moving this way for some time and plan to ride the wave but we are determined to ride it well and where possible consult with local planners even where it may not technically be needed. ⠀
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We are going to be careful to keep our own ambitions in check and manage expectations of clients. With deregulation comes increased responsibility. Will we be doing as many deals as we can – yes! Will we put quality over quantity and try to do it right as well? Yes, we must.⠀

Tags #brightonproperty, #buytolet, #commercial⠀, #commercialtoresidential⠀, #conversion⠀, #investmentplan, #investmentstrategies, #landlord, #permitteddevelopment⠀, #planning, propertyinvestmentsuk, propertyinvestoruk, propertylandlord