This week, the tables are turned for our guest, Neil Munday, founder of the Sterling Business Podcast and a key property developer in Stirling, as Jerry catches up with him about his most ambitious project to date: the multi-faceted commercial redevelopment at 45 King Street.

Neil shares the fascinating story of how he leveraged his extensive corporate background to tackle this complex, mixed-use commercial development, and the valuable—and sometimes painful—lessons he learned along the way.

🔑 Episode Highlights: 

• The Big Leap: How former corporate IT leader Neil Munday transitioned from a 30-year career at giants like Cisco to becoming a full-time property investor and developer.

• Creative Financing: A deep dive into using a SSAS pension scheme (Small Self-Administered Scheme) to fund the £2 Million redevelopment, detailing the PropCo/OpCo structure for tax-efficient asset growth.

• Multi-Use Mastery: Breaking down the 20,000 sq ft Stirling project: a 15-room Aparthotel, flexible workspace, events centre, and recording studio—all operating under one roof.

• Tech-Enabled Operations: Discover how Neil leverages his tech background to run the expansive, high-end building with a highly efficient, minimal team, focusing on superior customer experience and consistency.

• The Development Tax: Neil reveals the brutal cost of delays—a 9-month setback and a 25% budget overrun—and the painful lessons learned from council compliance and unexpected build costs.

• Future-Proofing Success: Critical takeaways, including why Neil will never use a main contractor again and his plan to "double down" on similar mixed-use projects in the growing Stirling market.

To find out more about Neil and his projects -

Website - https://workingflexispaces.com/ 

LinkedIn - https://www.linkedin.com/company/working-flexispaces/

Instagram - https://www.instagram.com/workingflexispaces/ 

LEARN ABOUT THE FUNDAMENTALS: If you want to learn more about investing in Commercial Property, why not join us for our 2 day Introduction to the fundamentals of Commercial Property? Learn how the market works and the ways in which it differs from Residential property so you can avoid the pitfalls and learn how to create successful deals.

https://commercialpropertyinvestor.co.uk/2-day-introduction

Other Useful Links:

CPI Website - https://commercialpropertyinvestor.co.uk/

Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/

LinkedIn: https://www.linkedin.com/in/jerryalexander/