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Expertcast 7 Commercial Conversions With Neil Scroxton of Scroxton & Partners

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Neil Scroxton is an Architect with 20+ years of experience and extensive expertise in the arena of commercial conversions. He shares his own journey and explains why it’s vital that architects are commercially minded in order to effectively advise their clients.

He talks with Rob about why it’s important to understand what you are trying to achieve and have the right team in place if you want to be a successful developer.

Every project is about time, cost and quality and you can successfully get the balance right if you know how to look for the opportunities and build the right relationships.


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KEY TAKEAWAYS

  • A commercial conversion is taking an office space and converting it into a residential space.
  • Most planning consultants essentially just deal with the paperwork of changing one building from one class to another, not the implementation.
  • Having someone from an architectural point of view early on is very helpful as it is in the implementation that the money lies.
  • Investors need to understand what they need to do and change to meet the requirements for a residential property.
  • Whatever the project due diligence is the most important thing.
  • Expect to upgrade everything then you will not be disappointed with the work you have to undertake.
  • Look for somewhere that is on the border between residential and commercial areas.
  • If you spend more time investing in building relationships with people working with you then you will get more back. Having the right mentality is key.
  • Many deals are ruined and lost because people haven’t built the right relationships to be able to sustain and complete the development process successfully.
  • The change of use guidance document provides clear information about the types of properties available but you need an expert to get the most out of it.
  • Section 106 looks at local amenities and the impact any development may have on the local community.  
  • Developers have to look for opportunities to save money but accept the costs that come with development.
  • If you are trying to build a deal pipeline don’t get involved in the day to day on-site, pay someone else to do this
  • Every project is about time, cost and quality. Understand what you are trying to achieve and use the right team and approach for the project.

 

BEST MOMENTS

‘You should look at these buildings as a structural framework’

‘Make sure you know who you are working with, technicians and architects are different’

‘The reason my time costs money is because I make people extraordinary amounts of money’

‘If you want to be a developer you pay the right people and are in a position to move on and be looking for the next deal’

 

VALUABLE RESOURCES

The Property Nomads Website

https://podcasts.apple.com/gb/podcast/the-property-nomads-podcast/id1440016017

The Property Nomads - Stitcher

Buy To Let: How To Get Started – By Rob Smallbone (Amazon) 

 

ABOUT THE GUEST    

Neil Scroxton BArch, Dip Arch, March, RIBA      

With 20+ years of experience in the property industry, Neil Scroxton has worked on most of the popular development strategies and planning/permitted development gain plays.

 

Having started in drawing offices at the age of 14 and designed and built his parents’ house at the age of 19, Neil Qualified as an Architect and founded Scroxton & Partners (previously MatchBox Architects) at the age of 27.  As a planning, architecture and construction management consultancy, the practice now constructs projects up to £50m in construction budget, while still keeping their hand in with smaller developments of under 10 units.

 

Neil strongly believes that an Architect needs to be commercially minded and have invested in property themselves so that they can properly advise clients.  Nothing trains you better in property than getting your own fingers burnt!

 

CONTACT METHOD

  1. 01933 697 822
  2. n.scroxton@scroxtonandpartners.co.uk
  3. scroxtonandpartners.co.uk

 

ABOUT THE HOST

Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?

Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.

Buckle up, sit tight and enjoy the ride that is life.

 

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