Mark Fernihough 0 Posted November 23, 2018 Has anyone ever looked into developing their garage site into flats, houses etc as an investment?? Share this post Link to post Share on other sites
Nick M.K. 574 Posted November 23, 2018 Everyone that has such a site. I know a dealer that already has permission for 24 flats on quite a small pitch but is holding out for 30. 1 Share this post Link to post Share on other sites
trade vet 704 Posted November 23, 2018 I think that anyone in our job who has a desirable site will have done this.Getting a mini supermarket on a long term lease may be a better idea. 1 Share this post Link to post Share on other sites
NOACROSS 414 Posted November 23, 2018 T.V. Any rush on with the new site yet? You’re slacking on our updates! Did you re-photo? Video yet? 1 Share this post Link to post Share on other sites
sparky 274 Posted November 23, 2018 Houses, flats, mini supermarket, etc etc. Yes, in a few years time you can bet your arse one of those will be replacing used cars. But no, I don't need a pm or a business card. 1 Share this post Link to post Share on other sites
metcars 397 Posted November 23, 2018 Round my way, they'll knock down a phone box and build 30 flats on it. The latest trend is developing sites of pubs that have shut down. Big dealership near me (imperials) 'had a fire' recently. Be interesting to see what happens to that site? 1 Share this post Link to post Share on other sites
trade vet 704 Posted November 23, 2018 2 hours ago, NOACROSS said: T.V. Any rush on with the new site yet? You’re slacking on our updates! Did you re-photo? Video yet? Hi Noacross See my November Trade post,you will get the picture ! 1 Share this post Link to post Share on other sites
lastyboy 23 Posted November 24, 2018 My family bought a massive ex franchise but in a rural location in 1999. Just got permission for 2 big houses which wont even cover a quarter of the site. I'm putting one of these up for myself next year. A few years time, sell the rest and sit in the sun. 1 Share this post Link to post Share on other sites
trade vet 704 Posted November 24, 2018 8 hours ago, lastyboy said: My family bought a massive ex franchise but in a rural location in 1999. Just got permission for 2 big houses which wont even cover a quarter of the site. I'm putting one of these up for myself next year. A few years time, sell the rest and sit in the sun. Hi Lastyboy That sounds good,but thinking about it,I am unsure how that will work.Does that mean you will have to buy your plot from your family at the current market value who will then have to pay the appropriate capital gains tax on the proceeds.These days I imagine a good plot is worth a lot of money. 1 Share this post Link to post Share on other sites
justina3 518 Posted November 24, 2018 28 minutes ago, trade vet said: Hi Lastyboy That sounds good,but thinking about it,I am unsure how that will work.Does that mean you will have to buy your plot from your family at the current market value who will then have to pay the appropriate capital gains tax on the proceeds.These days I imagine a good plot is worth a lot of money. They could gift him some each year start to get it down that way, I would have bought the land in a company you can appoint directors as you wish then take a wage from the company dividends ect company cars insurances ect loads of perks to be had. Share this post Link to post Share on other sites
trade vet 704 Posted November 24, 2018 9 hours ago, justina3 said: They could gift him some each year start to get it down that way, I would have bought the land in a company you can appoint directors as you wish then take a wage from the company dividends ect company cars insurances ect loads of perks to be had. Loads of perks with a ltd company,I am not sure about that.Company car tax and benefits rules are a good example. Share this post Link to post Share on other sites
lastyboy 23 Posted November 25, 2018 Being honest I am going to build it and worry about it later. Share this post Link to post Share on other sites
trade vet 704 Posted November 25, 2018 15 minutes ago, lastyboy said: Being honest I am going to build it and worry about it later. Bad move,you need to take proper advice. Share this post Link to post Share on other sites
justina3 518 Posted November 25, 2018 37 minutes ago, lastyboy said: Being honest I am going to build it and worry about it later. And the maddest statement of the year award goes to.................... Share this post Link to post Share on other sites
Mark Fernihough 0 Posted November 26, 2018 The reason I ask is anyone that owns a site has massive opportunity to develop them. You may be planning retirement, scaling up or simply had enough of the motor trade! I have set up a Facebook group for everyone considering this to help and support each other through this journey...If you are interested, join the group, if it give you value then spread the word! Garage Owners Property Development Network https://www.facebook.com/groups/708838799499812/ Share this post Link to post Share on other sites
BHM 994 Posted November 26, 2018 2 hours ago, tradex said: Hahaha, I wondered when the spam was coming. Share this post Link to post Share on other sites
Nick M.K. 574 Posted November 26, 2018 4 hours ago, Mark Fernihough said: or simply had enough of the motor trade! You are joking right... The motor trade is what the property developers get into when they get bored of property and too much income... Will never turn my life's work into a block of flats Share this post Link to post Share on other sites
Mark Fernihough 0 Posted November 30, 2018 (edited) On 11/23/2018 at 5:29 PM, Nick M.K. said: Everyone that has such a site. I know a dealer that already has permission for 24 flats on quite a small pitch but is holding out for 30. There is enormous financial opportunity. If your interested in learning more I've set up a Facebook group for anyone interested in learning more, a community to help and support each other through this journey... If you are interested, join the group, if it gives you value then spread the word! Garage Owners Property Development Network https://www.facebook.com/groups/708838799499812/ On 11/26/2018 at 2:05 PM, BHM said: Hahaha, I wondered when the spam was coming. There is enormous financial opportunity. If your interested in learning more I've set up a Facebook group for everyone considering this to help and support each other through this journey... If you are interested, join the group, if it gives you value then spread the word! Garage Owners Property Development Network https://www.facebook.com/groups/708838799499812/ On 11/25/2018 at 5:59 PM, trade vet said: Bad move,you need to take proper advice. I really wouldn't do that! There is enormous opportunity. If your interested in learning more I've set up a Facebook group for everyone considering this to help and support each other through this journey... If you are interested, join the group, if it gives you value then spread the word! Garage Owners Property Development Network https://www.facebook.com/groups/708838799499812/ Edited November 30, 2018 by Mark Fernihough Share this post Link to post Share on other sites
