Huge £4.5 Million Pound Office To Residential Deal | Will This Large Property Investment Get Funded?

John Mackenzie pitches for a HUGE £4.5 Million Office To Residential Deal on Sky TV's Property Elevator. Will this large property investment get the required funding or are the numbers too varied to attract any bidders? Stay tuned to find out.
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Property Elevator is a tv show where property entrepreneurs pitch for funding to five Property Angels; Ranjan Bhattacharya, John Howard, Helen Chorley, Nicholas Wallwork & Paul Mahoney. Series 3 Of Property Elevator returns Thursday's On Sky Channel 191.
Watch Season 3 for FREE here:
www.succeedinproperty.com/boxset
So far on Season 3:
Pitch 1: £1.1m Profit from Permitted Development Commercial Conversion - www.youtube.com/watch?v=HTDAh...
Pitch 2: £240,000 For 'Dog's Breakfast' Property Investment Deal - www.youtube.com/watch?v=zWeJ0...
Pitch 3: £445K Holiday Lets Property Investment, A Missed Opportunity? - www.youtube.com/watch?v=U5kBn...
Pitch 4: Is A Rent To Rent Property Business Worth £100K Investment? - • Is A Rent To Rent Prop...
Pitch 5: Should You Invest In Leasehold Property? - • Should You Invest In L...
Pitch 6: Double Your Money On This Property Investment - • Double Your Money On T...
Pitch 7: The Right Property Investment Strategy Pitched With The Wrong Deal - • The Right Property Inv...
Also watch Season 2:
Pitch 1: Ambitious Pub Conversion - • Ambitious Pub To 13 Be...
Pitch 2: "BALLSY" Graduate Pitch- • "BALLSY" Graduate Pitc...
Pitch 3: WE BOTH WANT TO FUND THIS DEAL! - • WE BOTH WANT TO FUND T...
Pitch 4: £750,000 Investment Worth The Risk? - • £750,000 Property Inve...
Pitch 5: £300K Office To Residential Conversion - • £300K Office To Reside...
Pitch 6: £2 Million Deal Too Mega To Take On? - • £2 Million Deal Too Me...
Pitch 7: Inspirational Entrepreneur Pitches Commercial To Residential Conversion - • Inspirational Entrepre...
Pitch 8: "ARE THE WALLS GOLD PLATED?!" - • "ARE THE WALLS GOLD PL...
Pitch 9: Impressive Entrepreneur Pitches For £700,000 - • Impressive Entrepreneu...
Pitch 10: Is It Smart To Convert Flats Above A Restaurant? - • Video
Pitch 11: Is Industrial To Residential Conversion Too Risky For Investment? - • Video
Pitch 12: "Don't Ever Fall In Love With A Building!" | Bank To Resi Conversion - • "Don't Ever Fall In Lo...
Pitch 13: HMO Property Deal Analysis & HUGE 15 Room HMO In Swindon - • HMO Property Deal Anal...
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[@ranjanbhattacharya-succeed7617]

LIVE Commercial Property 90 Minute Getting Started Online Masterclass: www.succeedinproperty.com/free-training

[@ines1419]

Thanks for comment Ranjan, so many knowledge there. Great video, very inspiring! Nice tie ;)

[@andypell9318]

This is a perfectly timed video for me. The day it came out, I viewed a 1.5m (asking price) office block to do the same as John. 2 or 3 very useful bits of info in here on VAT and multi-unit SDLT plus much more .. Excellent video Ranjan, and yes.. that investment should have been yours!

[@ranjanbhattacharya-succeed7617]

Thank you. Very kind. But I don't think I presented my offer well enough on that day

[@John_Mackenzie]

Thank you Ranjan for your commentary on my pitch. I took a lot away from that day and its all helped with my progression in property and refining the way I review potential projects. Best of luck in 2022 ! John

[@andypell9318]

Also, when you get two or more offers.. dont be afraid to negotiate and play them off against one another, i.e. push for 60/40! :)

[@John_Mackenzie]

@@andypell9318 In the heat of the moment, logic escaped me. But yes, the end result could of played out differently in multiple ways

[@ines1419]

Congratulation John, amazing performance! Enjoy your project!

[@daisy9349]

Great pitch John👍 Hope the project is going well for you. Would love to see a followup/update on the project😀

[@salilshah275]

Another great video Ranjan and am also a starter in the commercial to residential strategy. What was great to see is that as long as the deal is there money flows to the deal even for a beginner doing a multi million deal

[@jameswalker366]

Really good info Ranjan.

[@joline2730]

You don't do outside the M25? Well this property is actually JUST under the M25 and 5 mins down the road. The biggest problem I see here is the Parking - it's very close to the Station, lots of thru traffic, there are double yellows everywhere, lots of residential nearby with no off-road space so parking generaly is a nightmare here - I know it well ! Making an offer on something you have not reconoitered (?) is tricky - and why is half of it empty if it's such a good deal?? I think probably the answer is that this is overpriced ... perhaps

[@ranjanbhattacharya-succeed7617]

I do quite a bit outside M25. John just says that to put me off!!

[@steveharman8907]

Thank you Ranjan. This one is amazing to study and brings a wealth of check list knowledge...and well done young man fot getting John to partner....can we hear about the project and oartnership results please.?

[@show2780]

Hi Ranjan, brilliant commentary on the deal. I agree with you on that you didn't pitch your offer well. You almost instantly gave up to John and his offer, which was a cracking offer. If you've come out all gun blazing for the deal with even a higher share for John M, he would have had something to think about. I see this deal more up your street than John H's. But hey! You win some and you lose some. Weldone Ranjan!

[@ranjanbhattacharya-succeed7617]

Agreed. It is a bit of a pressure cooker in there for everyone!!

[@skunner0955]

Hi Ranjan, we are to looking to remortgage our shops with flats above but the commercial mortgages have much higher rates than BTL. What would be the best strategy- could we separate the freehold and leasehold for the flats? Or have separate mortgages? Our flats do have a separate entrance. Can you recommend a specialist mortgage broker?

[@stephenstranks7879]

Does Helen Chorely ever invest in anything? Please direct me to a project she hss invested in.

[@dac8939]

She is broke

[@jordanhtiffirg1990]

Why does she pronounce project like pr-ow-ject

[@kamgunner5920]

Great content thank you! If you have not purchased a potential site and want to get the numbers right how can you be sure a builder, architect you show the site won't beat you to the punch? Basically steals your deal. Thanks.

[@ranjanbhattacharya-succeed7617]

Highly unlikely. All I have let are very professional

[@kamgunner5920]

@@ranjanbhattacharya-succeed7617 you move in immaculate circles! I bet I will get suckered by some external entity when I try do this! Do you offer services to do the due diligence and project management on a potential site for a reasonable fee?

[@tlesta666]

Damm i missed the Leicester office to resi deal. I need to sign up asap

[@ranjanbhattacharya-succeed7617]

That was a good one (Here is the video if you missed it >> kzbin.info/www/bejne/qpKlkGppa9uZpKs)

[@Puffintrading]

One question that keeps coming up for me, is do the people pitching already have the site secured? Because you say a schedule of works would be preferable, but the time and cost to get that done is risky if the site isn’t secured. How would you suggest they manage that if you want to see more defined build numbers? Or is it a risk that needs to be taken?

[@ranjanbhattacharya-succeed7617]

It’s a balance. Some have secured the site and some have just found a site and need our help with funding, before they can secure it.

[@jacekorzel]

Hi Everone! Great video - specialy for me - I make similar project in Lublin, Poland! - 3100 m2 of old office and prodaction space I convert for 60 flats! Thanks Ranjan for inspiration 🧱🏗👏👏🤝🤝

[@ines1419]

Gratulacje

[@ranjanbhattacharya-succeed7617]

Sounds great!