Potential commercial conversion HMO, looking for JVP.
Good morning everyone, im posting this morning to reach out to find some joint venture partners. I had viewed a property yesterday, it is a commercial conversion, ground floor, 1st floor has a large ancillary, and a 5 flat accommodation attatched to the property. This property is a portential HMO, and has planning permission to convert the entire building in to flat residence. The property is grade 2 listed, located on a busy high street near me. Great location, work opportunities, amenities, etc. The property is approximately 5,787 sqft. She will need a refurb. I believe we are able offer 20-25% BMV, this vendor is very tired of this property. Its been listed for the last 3 years. And as Liam J Ryan himself would say...he wants the ugliest, most run down property on the best street. Well this is one to look at Liam. Its a beautiful building, not the worst on the street but will need tlc. Freehold, only Β£250,000. I couldnt check the FMV as the criteria was unavailable while seraching. Much more information to share but for now, im looking for (no money down JV). Ive deal sourced, ive liased with agents, ive viewed, im viewimg again next week to build a full report for materials and labour, as i can assemble a team of tradesman, as i am already in construction. Im happy to do the work and project manage. The investors can sit back, or observe closely, getting involved, getting hand dirty. To transform a stunning building back to its full glory. If anyone is interested, and wants to know more, send me a private message, and we can get started. I hope that the message is seen by Liam and Phil. As id love to JV wih you both, maybe we can arrange a zoom meeting?. Cheers guys.