Commercial To Residential Conversion

  • More information about the project. Property Partner is Developer Trigoni (www.trigoni.com)
  • 23 Units and 5 Penthouse units
  • Purchase and Build Costs will be around : £
  • Purchase cost £1.3 million ,
  • Build Cost £1.65 million with finance and legal and professional fees on top.
  • The build itself will take around from 9 months.
  • Potential GDV range is £4.7 million to £5.2million
  • There are a number of strategies that we are exploring.
  • Develop, re-finance and hold.
  • Develop and sell completely
  • Develop and sell part of it and hold the rest.
  • With this kind of project there are so many possibilities.

ONE BEDROOM APARTMENT

Purchase Price

Deposit required at 30%

31,725

Mortgage required at 70%

74,025

Rental Income

8,220

Interest payments on mortgage (based on 2.49% interest)

1,843

Estimated annual running costs (service charge, ground rent etc)

1,195

Estimated net profit PA

5,182

Return On Cash Invested

16.33%

Why invest with Midland Property Investments?

Bulk Deal Discount

We are specialists in the provision of high-income producing, buy-to-let property investments in a number of major UK cities. We have many years of experience in assembling bulk deals that has provided both small and large investors with access to heavily discounted investment opportunities.

Off Market Opportunities

We maintain strong relationships with the UK’s leading housebuilders, developers, banks and receivers to ensure we provide our investors with unrivalled opportunities. Almost all of our deals are completely exclusive and not available anywhere else.

Achieve Financial Freedom

Our experienced team has successfully guided many novice investors to financial freedom through our bespoke property investment services whilst also catering for those investors with up to several million pounds to invest in completely off market investments.