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

<p><strong>"Commercial Conversion into 14 flats with 11% Yield!"</strong></p> <p> </p> <p><span style="font-weight: 400;">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 🤩</span></p> <p> </p> <p><span style="font-weight: 400;">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</span><span style="font-weight: 400;">.</span></p> <p> </p> <p><span style="font-weight: 400;">Jen</span> <span style= "font-weight: 400;">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.</span></p> <p> </p> <p><span style="font-weight: 400;">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.</span></p> <p> </p> <p><span style="font-weight: 400;">The numbers:</span></p> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Purchase price: £280,000 (£20,000 per flat)</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Refurb cost: £381,075 (£27,219 per flat)</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Total Spend: £661,075 (£47,214 per flat)</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">GDV: circa £1M</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Equity: circa £338,925</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Rent via lease: £74,497 (11.26% gross yield!)</span></li> </ul> <p> </p> <p><span style="font-weight: 400;">Our November episode of Deals Deals Deals is now live, tune in straight away to avoid missing the boat.</span></p> <p> </p> <p><span style="font-weight: 400;">Success and Failure