Stronghold Property

28/06/2024

🚨CONTROVERSIAL TOPIC ALERT!!!🚨

Living, working AND business lunching in the sunshine with the other half…

Well after 13 years we are still together, so works for us.. (whatever doesn’t kill you makes you stronger...right?)

What are your thoughts and experiences?

Hell Yes? 👍
or Hell No 👎

Comment below 👇

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21/05/2024

BIG SHOUT OUT to Kam Elahi, Imran Elahi, Joe Sweeney & Samantha Woods for your generous donations to the Get Up Give back 2024 Cardio vs Cancer Challenge ❤️

If you would like to find out more and/or donate, please click on the link below 👇

We aim to raise £125,000 in only 5 weeks, pushing ourselves physically & mentally, raising funds to support sufferers & research of cancers.

27/11/2023

Another day, another viewing... 💪🏻

Scoping out a commercial property investment opportunity 👀

15/11/2023

An investment we checked out recently!

The needle in a haystack hunt continues...

Looking forward to see what else is in the pipeline soon 👀

07/11/2023

THE ONES THAT GOT AWAY... ⬇️

We had the honour of viewing, appraising and offering on this lovely 15,000 sq. Ft. Grade II listed vacant boarding school in the heart of Northampton, Nazareth House.

Our intention was to convert this property into a much very much needed 1 & 2 bed apartment scheme for rent.

Unfortunately, we were unsuccessful in securing this one as the vendor had another buyer in alignment with their preferred exit strategy.

However, we thought we would share the numbers and deal potential:

➡️ GDV: £2.99m
➡️ Purchase costs: £550k
➡️ Build Costs: £1.61m
➡️ Finance costs: £258k
➡️ Gross Profit: £608k
➡️ Profit on GDV 20.16%
➡️ Gross Rent PA: £215k
➡️ Gross Yield: 8.94%

It's a shame we missed out on this deal as it would have been great to be a part of bringing this listed building back to life!

The next deal is always around the corner.

11/10/2023

DEVELOPER ON THE ROAD 🚗

It's been a busy few months checking out lots of different development opportunities!

From closed down care homes to large land plots and huge barn conversions there's never a dull day.

Looking forward to see what else is in the pipeline soon 👀

26/09/2023

OFFER IN 💸

We've just put an offer in on this closed down care home!

There are elements that look quite tired but overall the condition is ok. Some parts will need a refresh and we'd definitely remodel internally.

There is also planning permission for a new build block on the site which is very interesting.

Watch this space! 👀

18/09/2023

The quest for land continues! 👀🚘

This was a half acre plot in sunny Bedfordshire ☀️

We've been negotiating with the land owner on this one to secure an option agreement.

There is potential to build 5-6 new dwellings on this site - subject to agreeing the price of course.

Once secured, we'll work on our planning permission and fingers crossed, once that's approved we'll move to demolish the store out the back, and the property at the front to create suitable access to a lovely well designed scheme here in Bedfordshire.

08/09/2023

A 4 unit barn conversion we recently scoped out!

We are always on the look out for potential development opportunities - can't wait to see what we come across next! 👀🔥

29/08/2023

It's a collaborative effort 🤝

When looking for deals, we want to find a solution for the land and property owners that also works for us.

Looking at this potential site recently I was speaking to the land owner to:
➡️ Build rapport
➡️ Ascertain their motivation and understand their position
➡️ Discover their expectations and manage them if needed
➡️ Find out the constraints and opportunities of the land
➡️ Get a full understanding of the history of the site

So that we can play the right part in helping to deliver and make an impact on the housing land supply and the issues with housing in general right now 🏡

23/08/2023

This is an interesting one... ⬇️

Back in the late 70s there used to be a house on this plot that got burnt down and was never rebuilt - the person who lived there got moved into the temporary mobile home.

So we took a look at this and the adjacent property to see whether it's worth us demolishing the adjacent building and redeveloping the whole site! 👷🏻‍♂️🚜

Or whether we can gain the appropriate access to access just this site in particular.

We're already looking at it with the architect and planning consultant. We think we cold get 4 x 1,250 sq. ft. dwellings within this area, worth about £450 per sq. ft. for resale.

It's a fairly trick site with access and overlooking of adjacent buildings so we're working to appraise the site and reverse engineer our offer so we can offer the land owner our very best, sustainable price 💰

Would love your thoughts on this one... 💬

16/08/2023

On the road again... 🚘

Scoping out a potential conversion opportunity.

This one is a large circa 8,000 sq. ft. building that we're looking at potentially converting into 6 terraced dwellings subject to planning 🏘

For me to get to a point where I'd be comfortable to offer, we need to get design, structural, and highway consultant input from various specialists... I've learned over the years it's better to consult early! 💪🏼

Currently discussing fee proposals and the viability of the site as we speak so watch this space 👀