Shaz explains why he loves commercial conversions and shares great content on what to look for and how to get the best from a commercial conversion development
With great opportunities to save on tax, bigger spaces to work with, prime central locations and a basic structure already in place what not to like about commercial conversions?
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KEY TAKEAWAYS
Find a commercial property and convert some of it into residential accommodation
Commercial properties are usually cheaper per square foot than residential properties
If you convert and use it as serviced accommodation you can claim capital allowances
It’s a big opportunity to save on tax moving forward
There is usually less work involved in conversion because there is already a basic structure in place
There is a lot of commercial property available in city-centre locations
You can do more with a commercial property, there is more space to work with
Rental income provides regular cash flow and means you keep the asset
People want nice spaces and good amenities
BEST MOMENTS
‘You should be looking at commercial property’
‘You can get some really good deals on commercial properties’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
FREE WEBINAR - https://bit.ly/shazwebinar
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
Facebook
YouTube.
