109 - The Fireworks Factory - A Banger of a Deal!

"Commercial Conversion into 14 flats with 11% Yield!"

In this BRAND NEW Podcast Series, we will be going Behind the Scenes on some of the UK's most Creative, Lucrative and Award-Winning Deals 🤩

Hosted by me, Mark S Barrett from The Property Brokerage, this month it gives me the absolute pleasure to welcome Jen Barron, Head of Portfolio Builder withing PPN UK.

Jen takes us through this great deal they sourced and project managed from planning through to hand over onto a long-term lease for one of their clients.

Jen discusses the process they go through to deliver these projects, how they front-load the projects to ensure a great outcome and her Top 3 Tips.

The numbers:

• Purchase price: £280,000 (£20,000 per flat)
• Refurb cost: £381,075 (£27,219 per flat)
• Total Spend: £661,075 (£47,214 per flat)
• GDV: circa £1M
• Equity: circa £338,925
• Rent via lease: £74,497 (11.26% gross yield!)

Our November episode of Deals Deals Deals is now live, tune in straight away to avoid missing the boat.

Success and Failure are both very predictable.

Please contact Jen if you have any commercial conversion opportunities in the Nottingham area.

The Portfolio Builder service is currently oversubscribed, however, if you wish to go on the waiting list, please contact Jen for further information.

jennifer.barron@portfolio-builder.co.uk

www.ppn.co.uk

Want to learn more?

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