Commercial Portfolio Builder and Full Mentorship Training

Ian began, “I joined Touchstone Education in April 2021 after seeing Paul Smith on YouTube. After first buying the commercial course, I signed up to the full Mentorship option.

Run Down Hotel Renovated To Provide 12 Income Streams

“My most recent project,” Ian continued, “is acquiring and refurbishing The Central Hotel, now renamed The Commercial, which was its original name in the 1880s.

“This has been a commercial conversion using an “exchange (for £1), keys undertaking and a delayed completion strategy.

“It is converting a very run down hotel into a mixed use building, providing 12 income streams, including houses of multiple occupation (HMO), residential, commercial cafe, commercial serviced accommodation (SA) and storage facilities.

“The property generates in the region of £80,000 gross income. In total there are six HMO rooms, a cafe, function room, a 4 bedroom maisonette and three storage areas.

“The refurbishment included decorating and repairing the whole of the outside of the building. It also needed total rewiring of some very old installations and new individual supplies and meters to different parts of the building.

“All rooms and en-suites needed decorating and refurbishing.

“We also totally refurbished the Manager’s accommodation. This provided a very smart 4 bedroom maisonette which now houses a family of six. It features a brand new kitchen and bathroom.”