Commercial to Residential Conversion Services in London
Converting a commercial property for residential usage is becoming increasingly common, and the number of these conversions increased by 40% within the UK. Although this market continues to show potential, it’s still essential you learn how to successfully convert a commercial property whilst mitigating any potential risks.
Conversion of offices into residential space
It shouldn’t come as a surprise that there is still great demand for housing in London and the UK. An increasingly common solution is to get a Change of Use from Office (B1) to Residential (C3) to make the most of a subdued market for office and retail space and turn it into housing, and this phenomenon is happening up and down the country.
Can I covert offices to residential units without Planning Permission?
Yes, you can! And you may not need to apply for planning permission for Change of Use from B1 to C3.
Permitted Development Rights (PDR) is a government scheme that allows certain types of change of use to be carried out without applying for planning permission, one of them being from B1 to C3, making the planning process simpler and more straightforward.
However, there are certain aspects that still have to be taken into considerations and not every office or retail space can be converted into housing.
Advantages of Converting Commercial to Residential
In spite of the complexity of financing for commercial properties, investors are still gearing towards its direction. Here’s why:
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