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It's always inspiring to learn about development projects of other PT members, find out how they financed them, and how they are going to realise their vision for their project.We recently met up with Liverpool based property developer, Paul Nicholson, Founder of Luxor Estates, to hear about his latest purchase - the iconic Tyrers Building in St. Helens - and how it will have a £1million refurb undertaken by Paul's company to regenerate the town centre.We visited Paul right at the start of the project when the building is still an empty shell from it's previous life as a department store.As Paul mentioned, he is funding the development through a cash purchase and refurb funds, and is then refinancing on completion to a long-term loan provided by Shawbrook Bank.St Helens town centre manager Gary Maddock said: "It’s great to see a local developer invest in the area and convert an empty building in to a viable scheme which will benefit the whole community.“Investment is key to attracting new businesses and footfall so we are excited to see Luxor’s development come to fruition and make a positive contribution to St Helens.”See also - Dynamic developer - Paul Nicholson | LuxorFind out more at Luxor Group website.Read Paul's article for Property Week - Mixed use spaces are essential for Britain's High StreetsIf you have any questions for Paul, please do drop them here and he will be happy to answer them.SEE ALSO - Tips for recycling your cash to build a portfolio more quicklyUP NEXT - How to go big in property? DON'T MISS - Taking property investment to the next levelNOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
I thought I would share the Case Study that we produced for Shawbrook Bank with Paul Nicholson, as it goes into further detail of the project and how it was funded.
A bit of an up-date on Paul - he has made another purchase to continue its investment plans in St. Helens.
Luxor Group has acquired Claughton House, on the corner of Claughton Street and Barrow Street, with plans to convert it into studios and apartments.
The upper floors of the 16,000 sq ft building, which has been empty office space, will become 18 residential units comprising of studios, one-bedroom and two-bedroom apartments, and will be known as Luxor House.
A selection of the proposed apartments on the top floor will have outside seating areas.Once developed, this will see Liverpool-based Luxor’s portfolio rise to 177 rental units across Merseyside.Full/source story
It is great to see this sort of project and I hope all goes to plan
But this sort of Project proves my point that in general the small Landlords time is coming to an end
Professional Landlords within a company is the only way now
we are now entering in the Landlord world a new chapter
it will be a them and us situation
Landlords will leave through S24 ect and the new breed as your highlighting is starting to grow
It will be the rich landlords who prosper and grow just like the Supermarkets did in the 1960/70
I look forward to the new world and its going to be exciting to be part of it
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.