090 - The £10m Deal That The Masses Missed
“Master your market” In this BRAND NEW Podcast Series, we will be going Behind the Scenes on some of the UK’s most Creative, Lucrative and Award-Winning Deals 🤩 Hosted by me, Mark S Barrett from The Property Brokerage, this month it gives me the absolute pleasure to welcome Daniel Hill. We go behind the scenes on Dan’s latest development, a huge office conversion that is over 30,000 sqft. Dan spotted the huge potential for this property to achieve £10m GDV and £3m+ margin after it had been on the open market for a while after it had a sale fall through. In this podcast, we discover how Dan, as a 15-year-old labourer, started to learn about property development, how he progressed through the different types of developments, how you can also start in property and we finish off with Dan’s top three tips. We also learn how Dan creatively divides this large site to make use of all the planning and development opportunities, what his planned exit is, and how to build a Profit Profile development that can earn 6 and 7 figures returns and with just having 1 employee! This project tested Dan and his team and took just over 1 year to complete, but the bigger the problems the bigger the profits and when you can find the margins that the masses miss, the returns are through the roof. The numbers: £960,000 Purchase Price £47,000 fees and stamp duty £5-6m Forecast Refurb + costs £10m potential GDV Potential equity £2.5m+ and no money left in Net cashflow: £250,000 pa Our August episode of Deals Deals Deals is now live, tune in straight away to avoid missing the boat. Success and Failure are both very predictable. Want to learn more? If you’ve not already joined the 8.8k Property Entrepreneurs for FREE in the Property Entrepreneur Facebook Group, click here to join now: The Property Entrepreneurs Community If you're listening to this podcast but have not yet subscribed, click the subscribe button to listen to what Daniel and other industry leading guests have to say on a weekly basis on all things business, investment property and lifestyle: The Official Property Entrepreneur Podcast Keep up to date with Daniel’s musings by subscribing on YouTube now: The Official Property Entrepreneur YouTube Channel Follow Daniel on Social: Instagram: @propertyentrepreneur_ Facebook: @PropertyEntrepreneurOfficial LinkedIn: @propertyentrepreneur