Ranjan takes a stroll down the High Street and shares what to look for to find retail premises (shops & uppers), ripe for commercial to residential conversion using permitted development rights. Register For this Sunday's FREE 90 Minute Masterclass on converting defunct commercial buildings to residential use: www.succeedinproperty.com/free-training
Another great video Ranjan. Love how your material is packed with practical and useful advice. On projects like the ones in this video, how much time on average does one need to spend from start to finish?
Thanks for taking the time to share and post the video. One question I have is about parking, once the tops have been converted to flats where do the residents park their car? Thanks
Nice video if there is no rear access and only one front access, so you access shop and from inside shop you access uppers. In that situation can you change front elevation under PD and create a new front door to access uppers?
Excellent content - looking forward to seeing you speak in Oct-21. QUESTION - are you able to add changes i.e. Doors and windows if you're converting the commercial to residential? Also some commercial retail units have a glass front, so what do you do about that?
Hi Ranjan, on your last example you touched on the fact that the shops are let below and any conversion work would not effect them below. My question is that I had heard that you need to make sure there is adequate fire protection between the ground and 1st floor (60 mins?) but might that mean they need double ceiling boards or the red plasterboard? How do you deal with this or is there something you can add from above (1st floor)? Thanks
Yes you would have to achieve fire separation. In this case that fire separation already exists. The ground floor are shops but the 1st floor are self contained offices, ie there is already fire separation between the two. (If this wasn’t the case, it would be possible to achieve it from above: but at slightly higher cost
I would like to learn from your class how can I going to start? My property grand floor is a restaurant, if I got a 2 flats permitted how can I got money from the bank to do it ?
Hi ranjan, thanks for ur videos they are really helpful. How much do u reckon it would cost for conversion of two flats upstairs. Or could we make just rooms and rent it....which one do u think is better please advice.
@@freshandft2862 hi ranjan. I haven’t started yet with him yet.I just signed up for app ..will start soon and update u.please could you share your WhatsApp number where I can ask you few questions and get more connected with you. Thanks
@@freshandft2862 Kevin is a fraud..took my £100 and keep telling me he can’t return this money because of system failure. I advice everyone out there who wants to do a trade.plz don’t do it with Kevin.
Ranjan thank you for your videos - my question is about the best strategy for converting first residential property into a second plus investment such as a shop conversion, your thoughts appreciated
Hi Ranjan or anyone else who could possibly answer this. with BRRRR I was watching your video about stress testing at 150%, so assuming I get tenants renting my property at 150%. Then I renovated and refinanced. This making the 150% I need higher. Would I increase their rent so my ROI matches the original mortgage? Or would it be better to refurbish and refinance BEFORE a tenant moves in ? Thanks in advance ?
Ranjan, been following you for a while. Great videos! Regarding the Clark's you filmed in this video on Rickmansworth high street. I actually viewed it last week, and we were thinking the rear can be extended out on the 1st floor and potentially onto the 2nd floor too, as it seems like that's what someones done a couple of doors down. Is that not something you think would be feasible?
Small world. What you suggest Is perfectly feasible but would require full planning permission and may take some time. What I am talking about in this video is quick wins through permitted development. (I saw this one too and imho think it’s overpriced)
Great advice as always Ranjan. A question please - when you showed the Santander premises you spoke about putting an entrance for the upper floors at one side of the shop. Where you referring to the existing doorway? If there wasn't an existing doorway or entrance could you create one under PD?, i thought that if u were changing the appearance of the building (the additional entrance ) it would require planning?
Hi Ranjan/any other developer, with the space standard of 37sq/m coming in April, I am currently looking at a property to convert, 56 day procedure will take us past the April deadline, is that the final date for applying for this PD or does it need to be granted prior to then?
One question Ranjan: We know that have many dentist and kids nurseries coming up for sale, and we can repurpose them under PD rights. Is it possible to demolish such buildings ( mostly single floor) and build the multi story dwellings under PD rights? Or we will have to go through the planning process to do that?
Demolition usually not allowed but you can demolish redundant, long-vacant office buildings and light industrial but not dentists and nurseries. Any building up like that will need full planning. That isn't a PD opportunity and unless it's a high value area, won't make sense to demolish a perfectly good unit and build on it
I'm very interested to get involved with these particular projects. I can see the benefits of doing these types of deals. My concern is because of the high street location is the parking space. When it comes to developing parking space is pretty much a must. What can you do about providing allocated parking space to the resi units above the shop? Thanks.
Hi Ferenc, The potential conversion/creation of flat(s) above commercial unit(s) falls under GPDO 2015, Schedule 2, Part 3, Class G. In terms of Planning, it is not necessary to satisfy parking needs for future occupiers. You would need to certify the future use through a certificate of lawful development. Further to this, if the application site would be situated on High street, needs for parking would not be very high given the PTAL levels (which are usually pretty high along these streets). In the case of implementing Class M (Schedule 2, Part 3 of the Gpdo) for the creation of a flat to the rear of the commercial unit whilst allowing a sustainable front shop area to be maintained, an assessment against transport and highways would be carried out. As said above, if the property is located on a location with high PTAL, parking wouldn’t be necessary. In case parking would cause problems but there would be no available space the implementation of a S106 to restrict parking demand from future occupiers for the flat could be as a secondary solution. Implementation of class M is subject to prior approval.
Dear Ranjan, great and inspiring video. How much money do you need to make such a lovely profitable conversion though? Can a little person like myself do it? 😹
Great video thank you, I’ve always wondered if you were some one who wants help people or if you were like Samuel Leeds who wants our money to find your developments, so far I don’t believe you want our money
It would have been more helpful if you mentioned a rough minimum figure of £xx K per flat (one/2bed) should be factored into for the cost of conversion. Thanks for the info, anyway. God Bless.
Ranjan takes a stroll down the High Street and shares what to look for to find retail premises (shops & uppers), ripe for commercial to residential conversion using permitted development rights.
Register For this Sunday's FREE 90 Minute Masterclass on converting defunct commercial buildings to residential use:
www.succeedinproperty.com/free-training
Great video as usual Ranjan! We love your channel
You actually seem like someone who actually wants to help people
Please do more videos like this - so very insightful Rajan!
More on location vids coming...
Great content Ranjan.
Thank you for sharing your knowledge.
You are whetting my appetite and making me think. Good, sensible info.
Great. That’s what these videos are all about
Really insightful because the content to explained superbly.
Another great video Ranjan. Love how your material is packed with practical and useful advice.
On projects like the ones in this video, how much time on average does one need to spend from start to finish?
Never a truer word said ,rear entry can be messy
Great video thank you Ranjan!! 👌
Just a quick question, is there not a requirement for a fire exit for each of the 2 flats?
Thanks for taking the time to share and post the video. One question I have is about parking, once the tops have been converted to flats where do the residents park their car? Thanks
Great video as always Ranjan!
Wonderfully helpful. Grateful
exciting project, but do you buy the flat(s) freehold and have the shop leasehold? Is that the correct setup?
Love this video Ranjan! Thank you
Glad you enjoyed it!
HI, how do you go around Building warranty requirement for refinancing? Flats like that will be treated as new build, are they not?
Nice video
if there is no rear access and only one front access, so you access shop and from inside shop you access uppers. In that situation can you change front elevation under PD and create a new front door to access uppers?
Excellent content - looking forward to seeing you speak in Oct-21.
QUESTION - are you able to add changes i.e. Doors and windows if you're converting the commercial to residential? Also some commercial retail units have a glass front, so what do you do about that?
Ranjan, thank you for the informative video.
Under PD rights, are we allowed to build more than 2 flats I.e 10 flats
Thanks,
That property looks perfect.
Hi Ranjan, on your last example you touched on the fact that the shops are let below and any conversion work would not effect them below. My question is that I had heard that you need to make sure there is adequate fire protection between the ground and 1st floor (60 mins?) but might that mean they need double ceiling boards or the red plasterboard? How do you deal with this or is there something you can add from above (1st floor)? Thanks
Yes you would have to achieve fire separation. In this case that fire separation already exists. The ground floor are shops but the 1st floor are self contained offices, ie there is already fire separation between the two. (If this wasn’t the case, it would be possible to achieve it from above: but at slightly higher cost
Great video do you have to buy on bridge or there are other options?
Bridging is a very fast and flexible way of finding commercial conversion purchases
Which portal to search for shops and commercial building. I am in south east london and confused if I should look out locally or outside london
Hello Ranjan and thank you for sharing all your knowledge! My question, as a resi landlady, how much should one budget for an entry level purchase?
so much depends on what you consider entry level and whether and works need to be done to the property.
I would like to learn from your class how can I going to start? My property grand floor is a restaurant, if I got a 2 flats permitted how can I got money from the bank to do it ?
Great video more like this please
Hi ranjan, thanks for ur videos they are really helpful.
How much do u reckon it would cost for conversion of two flats upstairs.
Or could we make just rooms and rent it....which one do u think is better please advice.
@@freshandft2862 hi ranjan. I haven’t started yet with him yet.I just signed up for app ..will start soon and update u.please could you share your WhatsApp number where I can ask you few questions and get more connected with you. Thanks
@@freshandft2862 Kevin is a fraud..took my £100 and keep telling me he can’t return this money because of system failure. I advice everyone out there who wants to do a trade.plz don’t do it with Kevin.
Ranjan thank you for your videos - my question is about the best strategy for converting first residential property into a second plus investment such as a shop conversion, your thoughts appreciated
Hi. Hove you found answers ?
Hi Ranjan or anyone else who could possibly answer this. with BRRRR I was watching your video about stress testing at 150%, so assuming I get tenants renting my property at 150%. Then I renovated and refinanced. This making the 150% I need higher. Would I increase their rent so my ROI matches the original mortgage? Or would it be better to refurbish and refinance BEFORE a tenant moves in ? Thanks in advance ?
Great video.
Ranjan, been following you for a while. Great videos!
Regarding the Clark's you filmed in this video on Rickmansworth high street. I actually viewed it last week, and we were thinking the rear can be extended out on the 1st floor and potentially onto the 2nd floor too, as it seems like that's what someones done a couple of doors down.
Is that not something you think would be feasible?
Small world. What you suggest Is perfectly feasible but would require full planning permission and may take some time. What I am talking about in this video is quick wins through permitted development. (I saw this one too and imho think it’s overpriced)
Great advice as always Ranjan. A question please - when you showed the Santander premises you spoke about putting an entrance for the upper floors at one side of the shop. Where you referring to the existing doorway? If there wasn't an existing doorway or entrance could you create one under PD?, i thought that if u were changing the appearance of the building (the additional entrance ) it would require planning?
Hi Ranjan- does the 150sq limit cause problems creating two minimum space standard flats and retaining a commercial on the usual high street
Is there an update video for this project?
Hi Ranjan/any other developer, with the space standard of 37sq/m coming in April, I am currently looking at a property to convert, 56 day procedure will take us past the April deadline, is that the final date for applying for this PD or does it need to be granted prior to then?
Hi Alfie,
The date you should take into account is the date of submission of the application (Prior Approval in this case).
Kind regards,
Anestis
Very informative
Ranjan, this is super useful content. Is the restriction to only 2 apartments above a shop? What if there is space for 3 or 4 or 5, etc?
There isn’t any restrictions. As long as there is a min 37m2 per flat and natural light in the living areas
Great video !
How do you value commercial property to see if a resi conversion is worth it?
Hi Ranjan, is parking ever a factor when redeveloping the high street?
One question Ranjan: We know that have many dentist and kids nurseries coming up for sale, and we can repurpose them under PD rights. Is it possible to demolish such buildings ( mostly single floor) and build the multi story dwellings under PD rights? Or we will have to go through the planning process to do that?
Demolition usually not allowed but you can demolish redundant, long-vacant office buildings and light industrial but not dentists and nurseries. Any building up like that will need full planning. That isn't a PD opportunity and unless it's a high value area, won't make sense to demolish a perfectly good unit and build on it
Your views Ranjan on the Ryden property please.
I'm very interested to get involved with these particular projects. I can see the benefits of doing these types of deals.
My concern is because of the high street location is the parking space. When it comes to developing parking space is pretty much a must. What can you do about providing allocated parking space to the resi units above the shop?
Thanks.
Hi Ferenc,
The potential conversion/creation of flat(s) above commercial unit(s) falls under GPDO 2015, Schedule 2, Part 3, Class G. In terms of Planning, it is not necessary to satisfy parking needs for future occupiers. You would need to certify the future use through a certificate of lawful development.
Further to this, if the application site would be situated on High street, needs for parking would not be very high given the PTAL levels (which are usually pretty high along these streets).
In the case of implementing Class M (Schedule 2, Part 3 of the Gpdo) for the creation of a flat to the rear of the commercial unit whilst allowing a sustainable front shop area to be maintained, an assessment against transport and highways would be carried out. As said above, if the property is located on a location with high PTAL, parking wouldn’t be necessary. In case parking would cause problems but there would be no available space the implementation of a S106 to restrict parking demand from future occupiers for the flat could be as a secondary solution. Implementation of class M is subject to prior approval.
@@anestisskoupras92 thank you for the explanation. You must know your stuff 🙂.
@@ferencmakra1764 You’re welcome 😀
Feel free to ask anything related to planning.
@@anestisskoupras92 I will sure do!
Hi. I’m 52 is it too late getting involved in this. And do I need to be certified anyway ? Or licensed?
Dear Ranjan, great and inspiring video.
How much money do you need to make such a lovely profitable conversion though? Can a little person like myself do it? 😹
Great video thank you, I’ve always wondered if you were some one who wants help people or if you were like Samuel Leeds who wants our money to find your developments, so far I don’t believe you want our money
It would have been more helpful if you mentioned a rough minimum figure of £xx K per flat (one/2bed) should be factored into for the cost of conversion.
Thanks for the info, anyway. God Bless.
Where’s the follow on from this video for this property you purchased ?
Great content, I'm looking for an experienced architect to help me add value to a similar project I own as shown I the video above
Is it 37 square metres or 37 feet
Metres
remember folks.. 'rear access may end up being a bit messy' hahaha
What do we do with the shop ground floor after the flats are made
rent it out. plenty of demand in this area
"Remember, rear access can end up being a bit messy" - Ranjan Bhattacharya
😂😂😂 💩
⁹@@NoOne-hv1wz9😅⁹😅89😅⁹
Great video !!!