I’VE OVERSPENT ON THE COMMUNITY CENTRE

Today I’m back at the community centre. We’ve been working on it for a few months now and I’ve overspent.
Let me show you around.
Thank you for watching. I would greatly appreciate a thumbs up if you enjoyed it and don't forget to subscribe for plenty more videos to come.
#property #propertydevelopmentuk #propertydevelopment #housetour #fixerupper

[@rotinkerbell]

How does a plywood ramp and weak wooden surround comply with building regulations? A urinal and sinks in an accessible toilet should have grab rails either side, and the loo is too close to the wall. Door handles are not accessibility standards. Distress cords are a requirement for accessible loos. Florescent lights are not up to lease standard for a public building and do not meet H&S standards in the corridors. In the kitchen why would you paint over broken tiles? What do the regulations say about fire alarm systems and smoke/heat detectors with false flammable dropped ceilings? What did the fire brigade have to say about the safety standards for the building, are bars allowed over the windows after the Manchester Woolworth fire?

[@ian_y]

Really like the black ceilings, top of walls and pipes/radiators. Makes a feature of those nice old radiators. It's cool how you've modernised yet retained at the same time 👍

[@funkeeee]

Webster Dictionary should add Matt as a synonym for overspending.

[@pprc5363]

A double glazed window in the store room would look nicer and be more secure.

[@allanshelley9409]

Well done matt looks great and a big well done to your dad and all is pals “ happy days 👍👍👍👍

[@commuterbranchline8132]

That was a big job redoing the top courses of brick, probably undermined by gradual water ingress over many years. You have a great team within your family & friends, the funds to follow through, the foresight and entrepreneurial spirit to forge forward. Well done, young man, well done.

[@alexsmith979]

I’ll never underestimate barbers from watching this. Such a subtle thing I’ve never really noticed. Great video Mat, I think the property is done just to the right standard, not too little nor too much

[@Martlns]

Absolutely incredible, also amazing for the community around it.

[@tomasgrizas]

Great job! Looks stylish! 👍🔝

[@LA-fr7fx]

Looks great - Thank you 👍👍

[@54mgtf22]

Love your work 👍

[@davidpayne7898]

Looks great matt 👍

[@marius1987ism]

Nice work and thanks for the update, was looking forward to seeing this.

[@organiccold]

Looking good 🎉

[@gt197]

Looking good Matt..👍🏻

[@Samaldoful]

Looks great 👍

[@tomashworth5148]

Looks really smart Matt. Really enjoying these videos please keep them coming weekly

[@thenullco]

Lovely job once again. 🤌

[@johnhaynes9910]

Good job Matt :)

[@TheWolfXCIX]

Those black ceilings are an amazing, lovely work you've done

[@bunabuna9287]

Brilliant 👏 looks so much better 👏

[@jssportsmassage]

I can see a new line of merch… I massively over spent on this t-shirt, hoodie etc!

[@HifiByLeon]

I’m liking the black around the ceiling! All coming together. Can’t wait to see the finished result 😃

[@richarddoran3877]

Looking good. You've really got plenty of good ideas to make the most of it. Well done so far.

[@colincleary8669]

Looks great matt like the black ceilings and radiators seems to be going great look forward to a later update 👍

[@ianevans3619]

Looking nice Matt , knew it would go over budget , it's a big place that needed work , well look forward to the next video on it , all the best 👍

[@daviddawson9099]

Great job so far well done.

[@buonafortuna8928]

Good job

[@killianwalsh6334]

Good vid matt you always seem to make your videos very interesting

[@acorndogs904]

The legend and his property series.

[@chasc301]

Always a relaxed conversational style to your presentation which makes for great viewing. Thanks for the update.

[@bullshitdetective1]

hard work all round, again goodwork dad.

[@rosemariecleeve3340]

Matt you have done yourself proud. Well done 👏

[@Tooma1979]

Looks great buddy

[@simonmoriarty9987]

Well done.

[@properpropertyplanning2412]

Looking really good, the ceiling is a great idea.

[@zainexe]

looking forward to this one matt

[@alik4325]

cant wait for the end result!

[@michaelfk2548]

Always had great potential ...nice investment....black ceilings and radiators spot on . Well done !

[@abbottsadventures]

Great vid

[@oliverstemp9132]

Looks amazing, that will be a great office for the new tenant

[@Alan-gx8gf]

No Thermosatic Radior valves , also investing in a Magnaclean Filter on the Boiler return will help with sludge in the system and system Inhibitor can be added , retired Plumber here ! 🤗

[@davidrb560sec]

Well done!

[@andrewdavis9223]

Good of you to think of others nice one 👍 8:07

[@mikedeman5351]

Regardless of any 'bumps in the road' you have encountered in this project it is, literally, inspirational. Well done . . . . . .

[@haslegaardsvaenget]

Hi--Have enjoyed looking at your updates on your properties and it is interesting seeing the difference between decorating in the UK style v. USA. Over here, we are using more warm neutrals and less of the blue/grey. Our lighting and bath fixtures are generally kind of an updated version of what might have been there originally (though we would never want the separate cold and hot faucets). It's nice that you're rehabbing older properties that have fallen into disrepair but be careful not to strip all of the charm out of them.

[@mneligan1]

Well done I'm glad that it's working out for you and you have got a tenant. Onto the next one now Matt

[@tomoreilly9932]

Always impressed by the glass half full attitude you have to all you do. Love to see the end result, but seems to be going well.

[@jfish9014]

The black ceiling was an awesome idea.

[@mattyjones781]

On the outside ramp I would move the fencing out a little bit. Wheelchairs with a limited turning circle may struggle a little :)

[@user-pw3tr1xg2x]

Good point.

[@philipsmith6127]

Well done 👏, think your tenant will be pleased with all that has been done....😚👍

[@Matt-go7ss]

Having good team of builders is invaluable

[@avacadman2155]

It has come together well! And already rented out! 👍👍👍👍👍

[@robc5955]

Looks great, good tenant to on nice long lease.

[@tinniswood2577]

Coming on a treat.

[@andym847]

Looking good, clever retro renovation. Happy tenants stay longer, less expensive than being empty. Another quality product is being delivered to the marketplace. Cracking job again.

[@paulryan1578]

Looking forward to seeing the end result

[@bernardgibbons1582]

Great stuff your an inspiration love the just do it attitude 🎉

[@samantha392]

Love the black ceilings/radiators/skirting. Grey is perfect for an industrial building. Lucky tenant 🙏

[@davidashley4386]

All that hard work you haven’t done looks great !😂😂 Great investment !

[@martinhunt6004]

Looks great Matt, you have a heart of gold. You could have gone cheaper but you fix things properly. A great investment.

[@markmw123]

Looks a fantastic investment, think you’ll be a great landlord 👍

[@ramalufc322]

Your Dad seems a bit of a property developers dream 👍🏻

[@pug2052]

Your intro theme music really does sound like it should be played in a shop on a separate screen playing adverts

[@tomwojmusic]

Awesome, love the black rads! ... although the black ceiling, not so much. Each to their own though, keep up the good work! ^^

[@Holdeenio]

Looks great Matt. Congrats on a 5 year lease, FRI I hope? 👀 also don’t miss out on claiming capital allowances as it’s a commercial building. 🎉

[@graham6771]

Hmm interesting,very interesting.

[@Rabscuttle3]

What a difference, well done, Matt! Your costs seem reasonable to me, especially given the purchase price so a good asset in the portfolio!

[@newbeginnings8566]

Excellent work and what a wise plan with this type of rental market avoiding the pitfalls of domestic rentals...

[@sionbenjamin4513]

😁 Came out really good, the new tenants should be happy for a few years. Would have been good to see more of the "before" pictures to see the contrast. Wonderful.

[@jonhandle]

Looks great Matt, love watching your videos

[@highpeakproperty]

Cheers!

[@TVSOUNDSYSTEM]

Nice work and if your doing things such as an office space that the tenant requires, jobs a good un 👍🏾

[@Aruneh]

That looks quite tidy! I would have preferred drop ceilings everywhere I think, but it might not matter to the people renting it

[@johnelbro127]

Great buy, and great work. Well done got another great video 👍👍👍👍👍

[@highpeakproperty]

Thanks

[@calarthur]

Seems ages since you first bought this one, but I'm enjoying going on the journey with you for all of these. Looking forward to seeing it finished, would be good to hear the details on what's in the contract and rental price etc

[@kyivwithgeofftanya5546]

Great job, a lot of resteraunts, coffee shops etc will put white wire crisscross at the black ceiling paint to trick the eye and brain into thinking that it has tiles. It just confuses the focus for presentation and a lot cheaper than an actual ceiling or expensive repairs 😉

[@themav7232]

Absolutely lovely finish Matt,you've done a fantastic job. 👍

[@highpeakproperty]

Thanks!

[@jamesgordon4754]

Very inspiring. I think the fact you've already got a Charity prepared to sign a 5 year lease is a good reflection on your vision. Hopefully they will take it for another 5 years at the end of the lease but 8 or 9% is a pretty good return. It might be worth getting it revalued once works are completed and ready to lease, wouldn't surprise me to see it around the £150 mark against your initial £90. Very impressive.

[@DanielTimmis]

Great video as always. It would be good to see a floor plan though.

[@tunnel7]

Well done Matt or should I say Dad bless him

[@perqtalkinq456]

i love watching your channel its infact my favourite property channel with your high qulaity videos found this from your main

[@highpeakproperty]

Thanks!

[@01jvb]

You have been very lucky to rent that building quickly for a very good return. I thought that might be the most difficult part of the process, as it hasn't got car parking. But you have proved me wrong. You are also very lucky to have several relatives who are building tradesmen. I've never had relatives in the building trades so it has taken me a while to gather tradesmen that I trust.

[@lukeferguson9010]

Matt i know you’ve over spent for what it is but because you have now multiple decent income streams coming in. You sort of have an advantage because you have the finance (seem to anyway 😂)to keep pushing to finish so then you can get a tenant in. And as James Sinclair says commercial property is very tax efficient. I say all this even tho you got tons of money in car stock and other deals 🤣 but I’m happy to see another building restored reminds me of a youth centre that was by me. That MGU I beauty never gets old 😍

[@minibus9]

nice video, looking forward to the next one on the community centre, will be interested to find out about the charity that will be using the building as well

[@techie2udonegal]

Great, I was wondering about this! This will work out well in the long run!

[@highpeakproperty]

I hope so!

[@jimmypratt6450]

Top job 👍, dads are very usfull and other trades they make it all happen . Unfortunately it still cost money your a trooper kid 👌

[@highpeakproperty]

Cheers Jim

[@neelamnaseem30]

Hey there I'm finally going to buy white paint to paint my rented room and then pay the painter.i have also known my dad has found me and recognises me now.i have had new windows put in my rented house.Azra has got her room wallpapered and now it looks much better.

[@phillipdickenson-nl1xc]

Hi Matt great to have you back with a property update will we get one on the 2 garages you bought thanks

[@davidmoynahan9585]

well on the way with the transformation. Great you have secured a tenant already. Does the double gates in the yard give access for say staff parking? Bonus if so as the street parking looks a limited. Goes to show that a well constructed building can have a long and useful life. If you're doing structural work, can't skimp on a Proper Job.

[@callummccubbing4506]

Got a good building there despite the cost to decorate it to a good standard. It's going to be rented to a nice charity you know it's going to be in good hands and that they're doing good work and you're making a nice profit from it. Everybody's a winner.

[@csf5538]

Just a small point, plumbers do bathrooms not heating boilers. Heating engineers do heating systems 🙂

[@markoboyle77]

Good video. Trying to think of an alternative to my a6 avant. Like that Mercedes

[@welshlyn9097]

Good

[@Tuffluk]

New number plates a service and a check by house vertical could increase the rent two fold. Sorry Matt I couldn't resist it

[@flyme195]

Not sure about the urinal, looks like it’s just been plonked there. Perhaps remove it and put up a full length mirror with a black frame??

[@Matticitt]

I really like the black radiators. They'd look cool with black industrial style windows. I hate white PVC especially in old brick buildings. Still, obviously it's a commercial rental and the windows are new, but you know. Just a thought.

[@derek-press]

when you first showed this I though ...oh NO that really is one heck of a project,but it looks like it's coming on ,I hope it works out (not sure about the old radiators,woudn't a modern electro-heating system be worth a few grand investment? )

[@thomasfrancis5747]

Not convinced that the marine ply will last, you may need more sockets for IT equipment, etc, and that rear area still should be tarmaced for parking. Well done for sticking with it though and finding a tenant.

[@Conservator.]

3:39 Uhm, that tile doesn’t seem flush with the rest or is it the video?

[@SailingCartagena]

Is there any end to this young man's abilities! Well done.

[@highpeakproperty]

Thanks!