Are you looking to know more about converting unused space above shops?
What is it?
Look at any High Street’s and you’ll see many buildings will have a retail shop on the ground/first floor and some will have further levels above. These could become residential flats.
Our strategy at Nimbus highlights retail properties where there are upper floors in commercial use. We then also check that it is financially viable to convert to residential use under Class G permitted development rights.
Why Uppers?
In many areas the High Street is dying. By adding residential in these areas means that not only is the area much busier but its been proven to increase spending locally that helps these areas thrive and grow.
The Result:-
Most uppers have space for multiple units and this is a great way to add to your portfolio or sell off on long leases.