COMMERCIAL
CONVERSIONS
PACKAGE

The new Elite+ Class MA Strategy highlights Class E commercial properties, with a floor space less than 1,500 sqm, that have a residential feel to them and would therefore be suitable for conversion to residential under PD Rights.

The strategy highlights the best opportunities by the likely financial profitability.

The strategy considers these exclusions:

Listed buildings
Article 2(3) land (except for conservation areas which can be converted with impact assessment)
ANOB
SPA
Scheduled monuments
SSSI
World heritage sites
National parks
Exclude anything in flood zones 2 or 3

For each highlighted opportunity simply click to reveal the following information:

Title number
Address
Size of site (from rates assessment).
Rates assessment per sq.ft.
Local residential value
Table that explains calculation for the predicted return on cost.

This strategy identifies low-value commercial upper opportunities with hidden value if converted to residential.

THE CRITERIA WE USE:

• For: Change of use on upper floors to 2 residential units
• Class G – uppers & M – whole building
• Sustainable locations
• Upper floors are in commercial use, with a retail unit on the ground floor
• Financially viable conversions

CLASS G – NO RESTRICTIONS ON:

• Town centre
• Conservation area
• Listed building
• No time code. You can change use into it and build into it.

CLASS M – EXCLUSIONS:

• No extensions
• Partial demolition
• Not in a CA/Listed building
• Not on a High Street

OVERLAY DATA INCLUDES:

• Local residential value per square foot
• Title number
• Size of uppers
• Upper rate per square foot
• Predicted profit
• Estimated value

Our Low Value Commercial Property In A Residential Area strategy will help you to identify cheap commercial property in residential areas with hidden value when converted from commercial to residential under PD rights.

THE CRITERIA WE USE:

• Change of use of commercial space to residential (NPPF & Class M, N, O, ZA).
• Class M – retail uses and hot food takeaway to dwellings
• Class N- specified sui generis uses to dwelling houses
• Class O- offices to dwellings
• Class Q- agricultural buildings to dwellinghouses
• Sustainable locations
• Financially viable conversions
• With a residential feel to the location

EXCLUSIONS CONSIDERED:

• Green belt
• Flood Zone 2&3

OVERLAY DATA INCLUDES:

• Size from rates assessment
• Title number
• Local residential values per square foot
• Site uses
• Predicted profit
• Rate per square foot

The new permitted development rights permit the conversion of commercial space to residential space with additional floors (within a maximum height). This strategy identifies these opportunities and uncovers the hidden value if converted to residential space.

THE CRITERIA WE USE:

• Sustainable villages, towns & cities
• Buildings heights less than 18m
• Building footprint < 1,000 sqm (10,750 sq ft)
• B1 (Office, Industrial & R&D)
• Flagging where the building has been vacant for 6 months

EXCLUSIONS CONSIDERED:

• Listed buildings
• National Parks
• AONB
• SSSi

OVERLAY DATA INCLUDES:

• Rate per square foot
• Title number
• Predicted profit
• Address
• Vacant percentage
• Site uses