PROPERTY CONVERSIONS
"Converting Your Property for Residential
Use the Right Way!"
What are The Planning Rules For
Converting Commercial Properties?
The government has implemented a new permitted development right (PDR) which permits certain types of commercial properties to be converted into residential use. This involves changing the use of properties classified under Use Class E (commercial, business, and service) to Use Class C3 (residential) in England. These new rules were officially announced on March 31, 2021, and took effect on August 1, 2021. This PDR allows any building in Class E, which includes properties like shops, offices, gyms, restaurants, workshops, and other commercial buildings, to be converted into residential use without the need for additional planning permission.
Pros for Converting
Commercial Property into Residential
You may not require planning permission as many commercial properties such as shops and offices fall under Permitted Development Rights.
There’s no property chain in commercial sector to delay your purchase so it should all be much smoother sailing.
You won’t have to pay higher Stamp Duty for your ‘second’ home since non-residential and mixed-use properties are exempt.
You can also save on VAT paying only 5% on construction works converting commercial property in to residential accommodation.
Commercial premises tend to be in prime locations, such as city centres or local to transport links, making the property more desirable to future buyers or tenants.
The commercial property market is currently quite competitive, which means prices are lower than residential properties.
Commercial premises will probably need to be gutted entirely. This means there’s plenty of scope for you to reconfigure and decorate the property in the way you’d like.
You won’t have to pay higher Stamp Duty for your ‘second’ home since non-residential and mixed-use properties are exempt.
You won’t have to pay VAT (currently 20 per cent) on the purchase if you issue the seller with a 1614D form.
Even if you do need planning permission you’re likely to get it due to the National Planning Policy Framework making the reuse of empty buildings a priority.
" Converting office buildings is a great way to breathe new life into older buildings "
Many office buildings have become obsolete, leaving large, empty spaces waiting to be transformed. That's where we come in. By converting these buildings into residential properties, we're able to provide you with a unique and exciting living space that's perfect for modern living. Converting office buildings into residential use is a great way to breathe new life into older buildings, reducing the need for new construction.
" Retail buildings often have excellent locations making them an ideal for residential properties "
By converting a retail building into a residential property, you'll be able to take advantage of existing infrastructures such as large open spaces, high ceilings, and ample parking, all while offering a unique and modern living experience for residents. Retail buildings often have excellent locations, such as high-traffic areas with easy access to public transportation, making them an ideal location for residential properties.
" Create spacious and modern living areas that flow seamlessly together "
Agricultural buildings often have generous amounts of open space, which can be utilized to create spacious and modern living areas that flow seamlessly together. Features such as high ceilings, exposed brickwork, and wooden beams can add character and charm to a new home. There often set in stunning rural locations with beautiful surroundings, making for an idyllic setting for a new home.
" Ample space that can be transformed into beautiful, spacious homes with unique features "
Industrial buildings offer ample space that can be transformed into beautiful, spacious homes with unique features. The high ceilings, large windows, and open floor plans provide endless possibilities for creative designs that are sure to impress. These properties can offer a fantastic investment opportunity, with the potential for high rental yields and substantial capital appreciation!
What Our Clients Say
"I have known the director of Buildview for some years and he is now in the process of assisting me with an extensive building project on my home and has also resolved some difficult planning and party wall issues in respect to my project. His in-depth knowledge of construction and trustworthiness are the main reasons why I have chosen Buildview to undertake my building project."
– Tariq Muhammad
– Kensal Rise, London
