With the property market rebounding and no financial return on empty space, it makes financial sense to transform space that isn’t being used into high return flats, studios or apartments that can generate substantial income over the long term.
Cranleigh, Surrey (PRWEB UK) 7 January 2014
A specialist property company has launched a brand new service with the unique aim of helping commercial owners and landlords to convert unused storage space into residential property. AKJ PM Ltd announced the new service today and predicted that those opting to transform none essential storage space would see significant capital value added to the property along with the creation of a strong ROI for residential conversions.
Adam Johnston, managing director or AKJ PM Ltd and an experienced chartered surveyor said, “The task of converting commercial space into residential premises can be fraught with difficulties. However, with demand for residential lettings at an all time high, it makes sense to bring in an expert in the conversion space to make the process easier and speed up the rate of return. With the property market rebounding and no financial return on empty space, it makes financial sense to transform space that isn’t being used into high return flats, studios or apartments that can generate substantial income over the long term. Our new service is designed to help owners overcome the difficulties associated with these types of conversions.”
“We have split the process into three phases to ensure that the client has the flexibility to progress the conversion at their pace. The three phases are also separately invoiced so that the client can budget the build to their own timetable. We will ensure that the client is kept informed at all stages of the process so that decisions can be reached in an efficient and prompt manner.”
The new commercial to residential property conversion service is professionally project managed at each stage. The first phase of the conversion is to undertake a condition survey and feasibility report. This will show whether the premises are capable of being converted, or whether additional work is required.
AKJ PM will then ensure that the development has building regulation approval and planning permission where required. All plans will be submitted with the client’s approval and will be sent to the relevant local authority for their consent.
The third and final phase is the actual conversion work to transform the commercial unused space into residential premises – all works are undertaken by approved contractors and the entire project managed and overseen by AKJ PM, ensuring that the work is carried out to a suitably high standard.
AKJ PM Ltd is run by a chartered surveyor with many years of property experience both outside and within the M25 area. To find out more visit http://www.akjpm.co.uk or Tel: 07940 187 710.