North Wales Commercial to Residential Conversion | 4 Flats | Planning Implemented | 21% Net Profit

• Property: Commercial building with implemented planning permission to convert into 4 self-contained apartments. Substantial first-fix works have already been completed, including structural alterations and first-fix mechanical and electrical installations.

• Parking: Local paid parking available

• Strategy: Flip or BRRR, complete the conversion, refinance or sell the finished apartments for a strong projected return.

• Social Housing Exit: Social housing provider already in place, offering £700 per month per unit, providing a potential combined rental income of £2,800 per month across the four apartments.

• Location: Situated in North Wales, offering an opportunity to complete a partially progressed conversion project with planning already implemented, reducing development risk and saving valuable time.

• Purchase Price: £142,500
• Stamp Duty & Legals (including title splitting): £13,475
• Development Costs: £147,000
• Net Profit: £82,025
• Net Profit on GDV: 21%

A fantastic opportunity to acquire a partially converted commercial property with implemented planning permission and significant first-fix works already completed. The deal also benefits from a social housing provider already in place offering £700 pcm per unit, providing an attractive alternative hold and refinance exit alongside the option to sell the completed apartments individually.