The Scottish Property Podcast

Turning a £310K Empty Building Into a £17K/Month Business Centre with Chris and Andrew


Listen Later

In this episode of the Scottish Property Podcast, Nick and Steven are joined by Andrew and Chris from Brightstone Property, returning two years after their first appearance to share how they went from flips and serviced accommodation to delivering a 30-unit commercial business centre in Falkirk.

They break down how they financed, developed, and filled the building — including the challenges of a six-figure refurb budget overrun, raising private investor finance through a SAS pension, and how the project has now grown into a profitable commercial asset and full-time business.

Whether you're curious about commercial conversions, raising finance, or building a scalable property business, this episode delivers real talk, numbers, and lessons from two investors who are making it happen.

Episode Highlights

🏢 From Resi Flips to Commercial Conversions

  • Started with residential flips and serviced accommodation

  • Decided to pivot to larger commercial deals for scale and shared income

  • Acquired a 7,500 sq. ft. building in Falkirk for £310K

  • Transformed it into a 30-unit business centre (Brightstone Spaces)

💰 Funding the Project

  • Raised finance through a private SAS pension investor

  • Structured the deal to buy with investor funds and fund the refurb from profits

  • Managed a refurb budget of £260K (which went £100K over!)

  • Maintained investor trust through regular updates and repaid on time

🔧 Overcoming Operational Challenges

  • Refurb included full rewiring, new fire systems, secure entry, and high-spec internet

  • Filled the ground floor in 12 weeks via a hands-on marketing approach

  • Achieved 97% occupancy, generating £17K/month gross rent

  • Refinanced the building at £840K with a 70% LTV

📈 Growth into Property Management

  • Now managing three additional commercial sites for Liberty Space

  • Offering management services for other commercial landlords

  • Building a hybrid business model combining property ownership with operational income

  • Planning to acquire their next building while scaling their management arm

From modest residential flips to managing over 30 commercial tenants and multiple buildings, Andrew and Chris have completely transformed their business over the past two years. This episode is full of valuable lessons on financing, scaling, and building long-term credibility — all while remaining hands-on, humble, and community-focused.


----------------------------------------------------------

Prime Property Auctions – Sell your property with no upfront costs and control the reserve price.

Prime Property Auction: www.instagram.com/primepropertyauctions/

John: www.instagram.com/john_property_auctioneer/

Luis: www.instagram.com/luis_property_auctioneer/Visit Prime Property Auction website: https://primepropertyauctions.co.uk/

------------------------------------

Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast


**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.


🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠


⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.


Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

🔗 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠


📩  Email us:

[email protected]

[email protected]

...more
View all episodesView all episodes
Download on the App Store

The Scottish Property PodcastBy Nick Ponty and Steven Clark

  • 5
  • 5
  • 5
  • 5
  • 5

5

1 ratings


More shows like The Scottish Property Podcast

View all
The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

81 Listeners

The Property Podcast by Rob Bence and Rob Dix from The Property Hub

The Property Podcast

63 Listeners

This is Money Podcast by This is Money

This is Money Podcast

42 Listeners

Disruptors by Rob Moore

Disruptors

122 Listeners

The Progressive Property Podcast by Kevin McDonnell

The Progressive Property Podcast

7 Listeners

Open Goal - Football Show by Open Goal - Football Show

Open Goal - Football Show

121 Listeners

The Money Podcast by Rob Moore

The Money Podcast

21 Listeners

James Sinclair's Business Broadcast by James Sinclair

James Sinclair's Business Broadcast

5 Listeners

The High Performance Podcast by High Performance

The High Performance Podcast

629 Listeners

Commercial Property Investor Podcast by Jerry Alexander

Commercial Property Investor Podcast

3 Listeners

Simon Squibb by Simon Squibb

Simon Squibb

9 Listeners

The Overlap by The Overlap

The Overlap

278 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

11 Listeners

Stick to Football by The Overlap

Stick to Football

343 Listeners