Case Study: Dr Surgery Conversion
Scenario:
Retiring Doctor had been encouraged by recognised estate agencies to sell his Doctors Surgery property due to
unlikelihood of council approval to convert to residential.
Prime Living advised the client that conversion would be challenging but possible after initial investigation.
Property conversion would mean significant uplift in equity and long-term income.
Prime Living Action
Compiled & submitted planning application for the client.
Project managed whole conversion from start to finish.
Let property to professionals once works were completed.
Results
Equity increase of over £200,000 after all costs due to commercial conversion to residential.
Client extremely grateful we advised him against selling the asset, despite the other agent recommendations.
Property has been fully let for over 4 years with excellent professional tenants.
Prime Living now manage their property portfolio including extended family’s portfolio.
Testimonial: Mrs Hussain
“Prime Living have been managing our portfolio for many years. Adam and Abs have looked after us very well and we regularly recommend them to others. They take away hassle and are trustworthy. We love working with them.”