Commercial Property Investor Podcast SSAS Funded CMO's and Aparthotel Developments with Stephen Gallagher
In this episode, I interview Stephen Gallagher, a commercial property investor, who shares insights into his background in aerospace engineering and financial services, as well as his journey into property investment. He discusses his investment model with SSAS and details a successful project in Wishaw near Glasgow, where he transformed a CMO (Commercial Multiple Occupancy) property into a thriving serviced office space.
Stephen elaborates on the financial aspects, including valuation, rental income, and the SSAS syndication strategy used for funding. He also touches on some future projects involving boutique apartments and aparthotels.
KEY TAKEAWAYS
- Stephen's investment strategy with SSAS is the prime example of how to get good returns within a pension scheme.
- Stephen emphasises the importance of collaborating with others in the industry, sharing knowledge, and building relationships with professionals and investors.
- Starting with smaller projects, like the one in Hamilton, can build confidence and provide a stepping stone for larger commercial property investments.
- Utilising professional services like quantity surveyors and other experts can help in navigating construction costs, planning permissions, and other challenges in property development.
BEST MOMENTS
"I think engage with some folks that are doing it. I found quite a few individuals dotted around the country, around the UK, who are doing similar things who are incredibly helpful."
"I think one of the things I noticed as well going around yours, because you're getting great rates for your spaces, is when you have a very large building it's difficult to have scarcity."
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Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
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