ABOUT THIS EPISODE
Karl Pearce is an ex-Royal Navy serviceman, business owner and property investor who bought an industrial site in Cornwall for £200,000, despite it having a cannabis farm, 2,500 tonnes of fly-tipping and 15 enforcement notices. After investing just shy of £600,000 transforming the site, he secured a £1.3 million valuation.
Having sold his residential portfolio to focus entirely on commercial property, Karl joins us to explain why he believes the numbers make more sense, with build costs around half those of a house, the potential to generate the same rental income and far less red tape. He shares his approach to commercial property, the realities of transforming challenging sites, and why he made the move away from residential.
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https://draytonmereproperties.com/
00:00 Coming up
00:22 The £200k Cornwall commercial deal
06:54 Commercial Property Expo
07:35 Enforcement notices, squatters & dogs: the challenges
12:13 How Karl found his investors
13:33 From Royal Navy to property
16:06 When deals go wrong
21:00 Building new commercial units: the process
26:03 Running a trading business alongside property
29:57 The Annual Property Shoot
30:25 Property Developer Buying Club
31:10 Residential vs Commercial
39:32 Business park with Cornwall Council
41:54 Karl’s Keys to Success
42:32 How to get in touch
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