BUSINESS WINDOW OF OPPORTUNITY AS PIP CLOSES FIRST COMMERCIAL PROPERTY DEAL IN MANSFIELD

Mansfield is the latest town climbing the commercial property ladder according to property experts at Property Investment Portfolio (PIP). The Nottingham firm has just acquired the site of Paramount Windows in Mansfield to convert into seven industrial units, creating a new business park in the town centre.

PIP has purchased the 6038 sq ft site at Rock Valley with funding supplied by Yorkshire Bank’s Nottingham Financial Solutions Centre, and the company plans to create industrial units which will be ideal for start up businesses or small industrial firms. The conversion of the site is expected to take three months with the units available for occupation in the summer.

The individual units will begin at 525 sq ft and will be offered for both sale and let to potential investors. PIP is expecting strong demand from investors looking for freeholds, as Mansfield town centre continues to expand, drawing new businesses to the area. These new units are close to the motorways and A-roads, come with parking facilities and importantly are affordable, with the mortgage payments in some cases being on par with rents.

Arv Soar, director at PIP explains: “We wanted to create a mini business park that was just a stone’s throw from the town centre and was affordable for new businesses. These will be the closest industrial units to the town centre and Mansfield remains one of the cheaper areas of the East Midlands for both residential and commercial property. I anticipate high demand for them as the local economy continues to grow.

“I needed prompt funding for this deal and worked together with Yorkshire Bank senior partner Stan Harrison to achieve this. Stan’s appetite for this deal and our combined market knowledge was crucial in this instance, as I had a lot of competition when buying this site and might have lost out if PIP’s finances weren’t in place as quickly as they were.”

For the past two years, PIP has specialised in the residential property markets in the Midlands and the North of England. This new project in Mansfield is the first commercial property venture for PIP, but as the company looks to expand its geographical reach, commercial property is now at the forefront of its plans.

PIP has recently opened an office in Hull to support the Nottingham HQ and the company is looking to expand into North America in the coming months. Managing director, Arv Soar is also a non-executive director of Grosvenor Consortium, which is planning a multi million pound commercial project.

For more information on the Rock Valley business units, contact Property Investment Portfolio on 0115 9289 333 or visit www.propertyinvestmentportfolio.com.

CITY MAKES A HULL OF AN IMPRESSION ON PROPERTY DEVELOPER

Entrepreneur Arv Soar went to Hull to develop property – but he did not expect to fall in love with the city.

But that’s exactly what’s happened and now Arv, who runs Property Investment Portfolio in Nottingham, is opening an office in Hull, his first office outside of his home city.

Arv commented: “With the current Government investment and positive migration into Hull, we see the city as a growth area. We had such fantastic reports from people wanting to invest in Hull and in the rental market, that we decided to open a base in the city.

“On a personal level, I want to complete the regeneration of streets like Wellsted – areas where others have tried, but failed, and given up. It is my goal to help the city of Hull.”

The new Property Investment Portfolio office is at 541A Anlaby Road, and will be headed up by Malcolm Fox. Hull native Malcolm has spent his career to date in the property industry.

Malcolm commented: “As a qualified mortgage and insurance sales manager, with a background in strategic business planning, I will be helping to drive Property Investment Portfolio forward in Hull.

“It’s a modern city that is developing quite a reputation as a place in which to do business and in which to live. I am proud to be a part of making that happen.”

One major project that Property Investment Portfolio, which has 40 sub-contractors in the Hull area, is conducting is the multi-million-pound refurbishment of nine Victorian-era properties near the town centre into 30 high-quality apartments.

When completed, it is intended that the apartments will be sold to investors and to first-time buyers.

Property Investment Portfolio owns hundreds of derelict properties in the town centre of Hull, with the workforce of sub-contractors working flat out to bring them back into use, with damp-proofing and the installation of gas and central heating taking place before the properties are painted and carpeted.

Added Arv: “These terraced homes provide affordable housing for all sections of society and that is what it is all about - making Hull a thriving community once again.”

The new office will open in March and will also sell and manage external properties. For more information about this and Property Investment Portfolio, please log on to www.propertyinvestmentportfolio.com or call the PIP HQ on 0115 928 9333.

POLAND’S THE PLACE FOR PROPERTY INVESTMENT

Spotting an investment opportunity outside of the UK is often a difficult task to say the least but Nottingham property company, Property Investment Portfolio (PIP), has identified the Polish property market as the perfect place for investment and has acquired a new development in one of the country’s fastest growing cities.

PIP is a global investment company that already owns properties in the UK, the Canaries and Goa, and has now further expanded its international reach by acquiring 35 new-build apartments in Mosaic House - a development in the tourist town of Wroclaw, Poland.

Mosaic House is made up of a total of 122 one-bedroomed and two bedroomed apartments, 35 of which have been purchased by PIP to offer to potential investors in the UK.

Wroclaw is now easily accessible from many of the UK’s airports, with low cost airlines offering regular services to the city. Property prices in the city have seen increases of more than 20% annually and Arv Soar, director of PIP, believes Wroclaw is the latest property hotspot to invest in:

“I have been researching Poland in general for the past year and after visiting Wroclaw several times I could see this city in particular was on the up. My research showed that the residential market was growing massively year-on-year and this, coupled with the investment that the city is experiencing and the good transport links to the rest of Europe, is why it offers investors great returns.”

Mosaic House is due for completion in July 2008 and the apartments are currently being sold off-plan to investors for between £67,000 (1 bed) and £94,000 (2 bed). Investors are being offered up to 100% financing, with discounts already secured – something which is unique for overseas investors buying in Poland.

Investment abroad often comes with uncertainty surrounding local taxes, buy-to-let laws and property regulations. However, PIP has an English speaking expert team in place in Poland to handle any buying and rental problems, and letting arrangements have already been established with local agents.

PIP has acquired more than 200 properties worldwide, worth in excess of £20 million, and Poland is the latest expansion to the company’s ever growing portfolio.

IMPERIAL CHOICE FOR THE SHREWD INVESTOR

Making a choice on which property to buy to let is often a difficult one but it’s just got easier in Barnsley with the news that potential buyers are being invited to invest in a development with a regal address.

Imperial House, in the prime Birdwell area of the town, is attractive for investors as it is a superb spot for commuters, with great access to the road networks and rail links.

Not only that, Barnsley itself is a South Yorkshire community that is brimming with heritage and looking to the future with confidence, with ambitious plans to further enhance the cultural and economic side of an already thriving market town.

Imperial House, being brought to market by investment company Property Investment Portfolio, offers a superb opportunity to buy into this community and has already attracted substantial interest among the buy-to-let sector.

There are 18 luxury apartments in Imperial House, located just off Sheffield Road, with nine one-bedroomed Grosvenor dwellings and nine two-bedroomed Imperial style homes. Parking for residents only is available.

The whole development comes with quality as standard, UPVC double glazing throughout, carpeted shared areas, and a communal aerial and satellite TV.

Fitted to the highest specification, each kitchen is fitted with modern units, laminate work surfaces, a fridge-freezer, slimline dishwasher and washing machine.

All the stylish bathrooms feature white sanitary ware with chrome fittings and satin furniture. Smooth white ceilings and fully-tiled floors enhance the bathrooms.

For peace of mind, each apartment has mains-operated smoke detectors, secure locks on entrance doors and will-lit communal areas and entrances.

All these factors add up to a great investment opportunity, resulting in an independent rental report stating “the first thing that stood out to me was the quality of the build” and “the apartments themselves are also very spacious and the way in which they are laid out is superior to most of the apartments I have been in. The views are spectacular and the location is absolutely ideal”.

It is expected that the apartments could “comfortably” achieve rental levels of between £450 and £500 per month for the one bedroomed apartments and between £550 and £625 per month for the two-bedroomed apartments.

Starting at just £93,500, all apartments come with a 15 per cent discount and there’s a low entry cost of £5,000 to cover buying costs. Additionally, there’s £2,500 cashback, free service charge and ground-floor rent for 12 months, and a free furniture pack worth £2,500.

Arv Soar, managing director of Property Investment Portfolio commented: “This is a great opportunity, with fantastic investment bonuses, and interest has already been noted by a number of investors.”

For more details, contact Property Investment Portfolio on 0115 928 9333

INVESTORS CAN FLY HIGH WITH PROPERTY INVESTMENT PORTFOLIO

Nottingham investment company, Property Investment Portfolio (PIP), has launched Fly2buy – a property viewing service for potential investors. This new initiative from PIP will bring property investors from Ireland to the East Midlands for chauffeured tours of the best properties the area has to offer.

Property Investment Portfolio is one of the UK’s leading property investment companies, with a portfolio of over 200 properties predominantly in the Midlands and the North of England, worth in excess of £20 million. The company is now offering this property finder service, to pass on local knowledge and expertise to help other investors build up a successful portfolio.

PIP has launched Fly2buy to make investing in property as easy and hassle free as possible. The company organises all of the viewings in advance, collects the investor from the airport and escorts them around potential properties.

Arv Soar, director of P.I.P. explains why this service is so valuable to investors: “Our Fly2buy service is not like anything else available to investors. It combines convenience with expertise to make sourcing properties as simple as possible. Fly2buy allows our customers to fly over from Ireland in the morning and be home by the evening after spending the day viewing properties.”

“Our service is the best available because it combines our 20 years of market knowledge, with our quality portfolio of properties sourced from trusted partners. Fly2buy gives the investor an opportunity to experience first hand the properties their money is buying.”

Fly2buy operates primarily from the East Midlands Airport but the service is also available across the UK if an investor would like the service after arriving by train or at another UK airport.

Arv Soar started PIP in 2006 and enjoyed a successful first year, where it nearly doubled its projected targets. Fly2buy is the latest service launched by the company, as it continues to expand its portfolio and move into new areas in the UK and abroad.

PETROL STATION FUELS LUXURY DEVELOPMENT FOR PROPERTY INVESTMENT PORTFOLIO

Nottingham investment company, Property Investment Portfolio, has acquired Teesdale Garage on Hucknall Road in Nottingham to develop into luxury architect-designed apartments, to compete with some of the UK’s leading housebuilders.

Sherwood Court, as the development will be named, will comprise 13 bespoke apartments in close proximity to the city centre, offering something a little different to major housebuilders also developing properties in the area.

Arv Soar, director of P.I.P. explains: “Sherwood Court is only a small development but it is offering investors the chance to buy something completely unique. We wanted to create individual, bespoke apartments, which offer space that you can’t find in most new build properties in the city centre.”

Sherwood Court will include 12, two bedroomed properties offering massive square footage of between 636 sq ft and 761 sq ft, and a one bedroomed property at 517 sq ft. The apartments offer the best in modern design, outdoor space and secured gated access, and will be sold off-plan. The development is due for completion in Spring 2008.

These apartments are in close proximity to the City Hospital and the city centre, so will appeal to key workers and young professionals alike. Sherwood Court is the latest development of the new build arm of P.I.P., which also currently has apartment developments in Derby and Mansfield.

Property entrepreneur, Arv Soar started P.I.P. in 2006 and just last month the company relocated to larger offices in Wollaton, Nottingham after a successful first year, where it nearly doubled its projected targets. Arv now has a portfolio of over 200 properties worth in excess of £20 million and has recently been appointed non executive chairman of London consortium, Grosvenor Investment Consortium.

PROPERTY INVESTMENT PORTFOLIO RECRUITS TOP CONSULTANT FROM SAVILLS

Nottingham property firm, Property Investment Portfolio (P.I.P.) has added property expert Andrew Pritchard to its sales force, after recruiting him from local estate agents, Savills. Andrew joins the company as a property consultant, to support its growing property portfolio and increasing client base.

Andrew, 32 from Nottingham is the latest addition to P.I.P’s property team, which following a successful year in the regional property market, relocated last month to new offices in Wollaton, Nottingham. P.I.P, which is headed up by property entrepreneur Arv Soar, nearly doubled its first year projected targets and Andrew has been brought on board to help drive the business forward.

Andrew joins P.I.P. following three years as a new homes sales negotiator for Savills Estate Agents, and brings with him experience in dealing with residential property sales, new homes sales and conducting market research for developers. In his new role, Andrew will be responsible for sourcing properties for clients and selling properties currently in the company’s portfolio. His main objectives are to generate more investor clients, acquire more stock across the UK and also look into the opportunities of international properties.

“I am really looking forward to working with a team of people that already have an excellent reputation in the local property industry,” said Andrew. “I joined P.I.P. because clearly there is a strong demand for its investment product. The company is already successful and the potential for growth is massive, and I wanted to be a part of that,”

P.I.P. managing director, Arv Soar started the business less than two years ago and now has over 200 properties in his portfolio, worth in excess of £20 million. P.I.P. buys and develops properties across the Midlands and the North of England, particularly in regeneration zones and is now looking to expand its reach across the UK and overseas.