#25 Let's go SHOP-ping in 2019

Shops and retail space is one of the most exciting opportunities for property investors and deal packagers, in 2019. It doesn’t matter where you live or where you invest, SHOP-ping is the property strategy that can be deployed anywhere. Tune in to hear David explain where to invest and how to locate the secondary and tertiary positions that are perfect for investment. The retail industry is in disarray and you and your investors can profit by targeting shops, retail space and lock-ups in the ex-high street areas throughout the UK and in today’s episode David shares with you a personal case study of how to do this and why! If you want to work with David, contact him using the links below: KEY TAKEAWAYS Town centres, however, might not be your ideal investment. It’s the secondary areas, the tertiary areas that can be the best investments. This is the high street that used to be the high street. Find yourself an ex-retail shop with self-contained flats above that has access at the rear. Once you have found this type of property you can look into the numbers: The whole building is classed as a commercial building and therefore falls under commercial lending, now if you’re clever and consider serviced accommodation you can change the rent roll and earn a higher monthly income. The final thing to do is let out the shop below (£100 pw) so that it is occupied. Because this is a commercial building you can also look at withdrawing some capital allowance from the property for your investor. Retail shop occupiers are liable for the shop and its upkeep. However, you must take a 6-month rent upfront to pre-qualify your tenants. Remember If they are 14-days overdue with the rent you can send the bay lifts in and you can easily find a new occupyier. BEST MOMENTS “If you can, test drive your investments so that you can serve your investors better by knowledge the market and have experience in what you’re doing.” “There is retail stock everywhere, you just don’t recognise them.” “We are looking for ex-high street shops” ABOUT THE HOSTDavid is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004. In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him and he enjoys empowering other landlords by sharing the knowledge he has gained. The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours. CONTACT METHODDavid’s LinkedInDavid’s Facebook