Whatever, the before-and-after scenario, the investment value lies in the conversion from single-use into multi-units. The opportunity for capital growth, plus high rental yield is considerable.
our key development speciality
Multi-build strategy often involves change-of-use conversion. Examples include:
- Town and city centre properties, with ground-floor retail. In the past, the first floor would be for warehouse storage or for offices. Today, with sophisticated logistics, shops need far less storage space. With increasing pressure on the housing market, first and second storeys now offer great potential for residential use.
- A similar example is town and city centre former factory units. Often, but not always, these are Victorian factories. They offer tremendous investment potential for conversion into fashionable offices or residential – or a combination of the two.