An example of a typical High-Value Commercial-to-Residential Joint Venture, highlighting the opportunity that collaboration between partners can achieve

This is a compelling joint venture opportunity to acquire a substantial four-storey commercial building with full planning permission for a twelve-apartment residential conversion. The property currently generates a strong, immediate income stream from existing tenants, providing a unique "hold and develop" strategy that mitigates risk and ensures cash flow from day one.

With a guide price of £475,000+, this asset is perfectly positioned for a JV with our capital partners. P.E.P. will act as the skilled partner, managing the conversion of the upper floors into high-value apartments while retaining the ground-floor commercial space for continued rental income. This blueprint outlines a path to substantial capital uplift and a clear, mutually beneficial exit strategy.

This unique freehold property extends to a significant 13,249 sq ft and occupies a prominent corner position on Highbury Rd & Main St, in the central location of Bulwell town centre. Its excellent transport links, including proximity to the M1 motorway and adjacency to Bulwell Train Station, make it a strategic location for both commercial tenants and future residents.  

The property is currently multi-let to four tenants across its four floors, providing a total current rent reserved of £44,222 per annum. The existing tenancy provides an immediate and secure income stream while the development project is underway.  

The floor area is broken down as follows:

• Ground floor: 3,521 sq ft  

• First floor: 3,519 sq ft  

• Second floor: 2,425 sq ft  

• Third floor: 3,784 sq ft  

The investment strategy for the Old Town Hall is a sophisticated "hold and develop" approach designed to unlock value on multiple fronts. The property benefits from a crucial competitive advantage: full planning permission has already been granted for the development of twelve apartments on the second and third floors, with the added benefit of no Section 106 contributions, which can often be a significant and unexpected cost in development projects.  

The JV blueprint will be executed as a hands-off, turn-key solution for our jv capital partner. P.E.P. will manage the entire process, including:

• Acquisition: Securing the property at auction for our JV partner.

• Project Management: Overseeing the development of the 12 apartments on the upper floors.

• Commercial Asset Management: Retaining the ground and first-floor commercial units to continue generating a stable income stream.

• Exit Strategy: Refinancing or selling the newly developed apartments to realise a substantial capital uplift.

The financial model for this project is designed for a mutually beneficial outcome, generating multiple revenue streams, while delivering a significant return for our JV client. The following analysis is based on a conservative assumed purchase price of £500,000 (above the £475,000 guide price to account for competitive bidding) and a Gross Development Value (GDV) of £1,500,000 from the twelve developed apartments.