Completed February 2022
Former Bank to 3 x Flats
Value of works
We bought a commercial property which used to be a popular and busy Nationwide Building Society branch in the heart of a Buckinghamshire village. However following COVID and 3 lockdowns people in this village adapted well to online banking and reducing footfall. Nationwide made the decision to close the branch December 2020. Prior to Exchange of contracts we put planning for 1 x studio apartment on the second floor and 1 x two bedroom apartment on the first floor.
Originally the plan was to retain the entire ground floor as a commercial unit, however we identified an opportunity to convert this deep shop and retain the “Zone A” area as commercial use to achieve a higher valuation. Zoning is traditionally used for valuing retail property, specifically high street units where the retail frontage is particularly valuable. We then waited until after September 2021 to apply to convert the rear of the building into a 1 x one bedroom flat (due to it being in a conservation are) through the new Class MA rules, and retained the frontage as a commercial unit, which due to its rateable value, has no business rates payable which made it attractive for small businesses to occupy.
Official Judges for Property Investor Awards
We are pleased ot confirm that Sanjay Kumar and Malkit Purewal of Savoys Properties are now official judges of the Property Investor Awards. Between 2020 to 2022 us at Savoys Properties have been finalists in 18 categories and winners of 3 Awards.
How To Get Started In UK Property Development | Savoys Properties
How do you realistically get into Property Development? Is it as easy as so mentors/educational companies make out? Well in this episode I interview Malkit & Sanjay, founders of Savoys Properties the aware winning property developers!
Saracens StoneX Stadium
We had over 200 people attend our Q4 2022 event! In collaboration with Shawbrook Bank & Saracens Rugby Club, we hosted our last event of 2022 at the beautiful StoneX Stadium. From the beginging we found to be successful in property you need to identify what you needed to do and who you needed to meet to make it happen. It was as simple as that!
CPC Finance B.R.R.R Property Journey: Malkit and Sanjay - Reading Property (Episode #1)
Karl Griggs, Co-Founder and Director of CPC Finance chats with Sanjay Kumar and Malkit Purewal from Savoy’s Properties.