Building and Managing Commercial & Mixed Use Property Portfolios in the UK for investors
Networking Power Mark’s network MING provided invaluable insights and connections, crucial for his investment journey. Securing the Deal Using Property Filter, Mark identified undervalued properties. He focused on Oswestry, a market town near Wales, and secured two shops initially listed at £195,000 for £140,000 through strategic negotiation. Market Insight Thorough research on Oswestry’s market, including property values, rental rates, and local demographics, enabled Mark to make informed investment decisions. Overcoming Challenges Initially, the property had two tenants, but one business failed, and the other vacated, turning a seemingly profitable asset into a vacant property. Due Diligence A pre-acquisition survey revealed property issues, including a deteriorating roof. Understanding the property’s condition helped in planning renovations and budgeting. A dilapidations report detailed necessary repairs. Effective Marketing Mark created leaflets and videos, and used social media platforms like Facebook and LinkedIn to reach potential tenants. By joining local groups, he maximised visibility and received numerous inquiries. Securing Leases Strong negotiation skills helped Mark secure favourable lease agreements, ensuring the properties would generate income shortly after acquisition. Handling Dilapidations and Tenant Transition Mark negotiated an exit with the struggling tenant in the smaller shop, allowing a new tenant to lease at a market rate. For the larger shop, he handled dilapidations and prepared the property for new occupancy. Increased Value Mark’s thorough research, effective marketing, and negotiation skills resulted in both shops being leased at market rates soon after acquisition, increasing the property’s value from £140,000 to £245,000 in just 50 days. Here’s the steps to take to increase your commercial property value! Its tried and tested. #wealthmanagement #wealthmindset #wealthmanagemen #wealthbuilding #realestatelife #realestate #propertymarketuk #propertymanagement #property #passiveincome #investments #investmentproperty #investment #investing #financialliteracy #financialfreedom #financialeducation #finance #entrepreneur #cre #commercialrealestate #commercialproperty #commercial #ukcommercialrealestate #commercialpropertyuk
SAAS Software & Legal Tech Specialist | Gen A.I. | Customer Success Manager | Part Time Property Investor
2moGreat Case Study 👋 Thanks for sharing