** OUT NOW ** Industrial To Residential Conversions: The essential guide to converting industrial buildings for profit. Revised and updated to reflect the latest planning rules as of August 2021. Get your copy here: www.amazon.co.uk/Industrial-Residential-Conversions-converting-industrial/dp/1916326722/
Hi Saad, It doesn't make any difference whether you want to live in the pub yourself or you want to convert it to sell on. Pubs were put into a planning use class called sui generis which doesn't have any Permitted Development Rights, so the conversion of a pub into residential use will require full planning permission. Most pubs are also deemed to be protected and some are protected as an Asset of Community Value (ACV) and the council’s local planning officers tend to object to their conversion, even for private use. So I would avoid looking at pubs all together, there are easier opportunities out there for development. Ritchie
@@propertyCEO Hi Richie- thank you for getting back. I all very new to this: how does one apply for planning permission and where do you for it? The pub is not a local one, it’s in a rural area and is currently abandoned.
@@saadzkhn Reach out to a planning consultant, you can look them up online. A good local planning consultant will be able to help you submit a planning application for anything, obviously including a pub, if that's what you wanted to do. A word of warning, as I said before, this can take a long time and can be problematic. There are much easier ways to get into property development than going down the full planning permission route and that is by going for permitted development rights. So please bear that in mind. Thanks, Ritchie.
I don't really agree with your analysis Ritchie because pubs are not inherently difficult, I think what you should be saying is you need to be a lot more capitalized to undertake such a project. Like any deal if you buy right and are proplerly funded it will work. Once it has been established the business is not viable it is simply a case of coming up with the most appropriate solution be it houses, HMO, shop and uppers etc etc. I am not really convinced by converting industrial buildings right now because if we are talking studios then there is the question that the young people who would occupy them might not be able to afford it when they are finished, I remember studios got massacred in the last two housing recessions. There is also the concern about over supply, such as happened with flats in Leeds in 2007, you couldn't give them away at one time. Sorry to be a neghead but studios are higher risk if there is a downturn in my opinion.
Danny, thanks for your comment. I agree with you that pubs are not difficult to convert in themselves. The difficulty is in gaining planning permission to do so. And that's why we would suggest new developers should not start out with a pub conversion project. I agree with your comments about studios, certainly studios should not be a first choice for developers, they are not particularly liked by the housing market. Of course, the conversion of light industrial buildings doesn't have to be into flats, you can, of course, convert industrial buildings into houses as well. Thanks again for your comment!
@@propertyCEO Perhaps new developers should learn properly how the planning system works though??? It's about mindset and overcoming risk as much as anything. The problem with industrial buildings is in vast swathes of the UK they are not economically viable to convert, I would say about 3/4 off the top of my head. Try doing one in Rotherham or Barnsley! I like your approach a lot in general but why not expand your offer to cover all property??? There is the planning bill coming up in the autumn, it sounds like there could be opportunities in other areas besides industrial buildings. I think it's a case of being prepared for all opportunities, if you shy away from planning you are missing out.
** OUT NOW ** Industrial To Residential Conversions: The essential guide to converting industrial buildings for profit. Revised and updated to reflect the latest planning rules as of August 2021. Get your copy here:
www.amazon.co.uk/Industrial-Residential-Conversions-converting-industrial/dp/1916326722/
what if you are interested in converting and living in the pub yourself ie pub to house
Hi Saad, It doesn't make any difference whether you want to live in the pub yourself or you want to convert it to sell on. Pubs were put into a planning use class called sui generis which doesn't have any Permitted Development Rights, so the conversion of a pub into residential use will require full planning permission.
Most pubs are also deemed to be protected and some are protected as an Asset of Community Value (ACV) and the council’s local planning officers tend to object to their conversion, even for private use. So I would avoid looking at pubs all together, there are easier opportunities out there for development.
Ritchie
@@propertyCEO Hi Richie- thank you for getting back.
I all very new to this: how does one apply for planning permission and where do you for it?
The pub is not a local one, it’s in a rural area and is currently abandoned.
@@saadzkhn Reach out to a planning consultant, you can look them up online. A good local planning consultant will be able to help you submit a planning application for anything, obviously including a pub, if that's what you wanted to do.
A word of warning, as I said before, this can take a long time and can be problematic. There are much easier ways to get into property development than going down the full planning permission route and that is by going for permitted development rights. So please bear that in mind. Thanks, Ritchie.
I don't really agree with your analysis Ritchie because pubs are not inherently difficult, I think what you should be saying is you need to be a lot more capitalized to undertake such a project. Like any deal if you buy right and are proplerly funded it will work. Once it has been established the business is not viable it is simply a case of coming up with the most appropriate solution be it houses, HMO, shop and uppers etc etc.
I am not really convinced by converting industrial buildings right now because if we are talking studios then there is the question that the young people who would occupy them might not be able to afford it when they are finished, I remember studios got massacred in the last two housing recessions.
There is also the concern about over supply, such as happened with flats in Leeds in 2007, you couldn't give them away at one time. Sorry to be a neghead but studios are higher risk if there is a downturn in my opinion.
Danny, thanks for your comment.
I agree with you that pubs are not difficult to convert in themselves. The difficulty is in gaining planning permission to do so. And that's why we would suggest new developers should not start out with a pub conversion project.
I agree with your comments about studios, certainly studios should not be a first choice for developers, they are not particularly liked by the housing market. Of course, the conversion of light industrial buildings doesn't have to be into flats, you can, of course, convert industrial buildings into houses as well.
Thanks again for your comment!
@@propertyCEO Perhaps new developers should learn properly how the planning system works though??? It's about mindset and overcoming risk as much as anything. The problem with industrial buildings is in vast swathes of the UK they are not economically viable to convert, I would say about 3/4 off the top of my head. Try doing one in Rotherham or Barnsley!
I like your approach a lot in general but why not expand your offer to cover all property??? There is the planning bill coming up in the autumn, it sounds like there could be opportunities in other areas besides industrial buildings. I think it's a case of being prepared for all opportunities, if you shy away from planning you are missing out.