Commercial to Residential Conversion — Croydon
Tour of a commercial to residential conversion in Croydon – in progress. Conversion of an office into apartments. Scroll down to see the anticipated financials.
Here are the figures:
|Total costs||1 million|
|Sale prices||Apartments||Value||GDV £|
|Rental Income per month||Apartments||Rent pm||Total|
|Rent Per Annum||80,400|
This week we update on one of the pensions we are transferring into our SSAS.
Sarah talks about what you need to consider when remortgaging a BTL.
It is also our 1 year anniversary of starting this vlog – Yay!
What exit do you think Tony should take? What would you do if it was your development?
- Sell the whole development of 6 finished flats
- Sell the apartments individually to private buyers
- Keep the development and rent out as Buy-to-Let
We’d love to know your thoughts. Leave a Comment below.
By George Choy & Sarah Choy | 31 January 2020