Nightclub to 12-Bed HMO Conversion - Stockport
Improving Layout While Preserving Local Heritage
200% Increase In Rental Income
86% Increase In Valuation
After Conversion
- Use Class: Large Sui Generis HMO
- Rental Income: £60,000 per year
Proposed Development Floor Plan- 2D MODEL
Existing Condition
- Use Class: E
- Rental Income: £0
The Numbers
| Item | Cost |
|---|---|
| Purchase Price | £300,000 |
| Refurbishment Costs | £300,000 |
| Architect (Design, Planning, Building Regulation) | £25,000 |
| Furniture | £20,000 |
| Done Up Value (After Conversion) | £750,000 |
| Monthly Rental Income (Before Conversion) | £0 |
| Monthly Rental Income (After Conversion) | 5,000 pcm |
| Annual Rental Income (After Conversion, Pre Tax) | £60,000 pa |