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Learn more ⇒ https://planningforprofit.co.uk/free-... Learn more ⇒ https://planningforprofit.co.uk/training • Chapters: • 00:00:00 - Class MA Permitted Development Rights: A Comprehensive Guide • 00:01:15 - The Introduction of Article 4 Directions • 00:03:55 - Changing Class E to Residential • 00:05:22 - Regulations on Residential and Commercial Property • 00:06:40 - Permissions and Impacts in Changing Property Use • 00:09:08 - Important Date to Keep in Mind • 00:10:24 - Opportunities in Permitted Development • In this video, what I am going to show you is how to use Class MA permitted development so that you can make us much profit from your commercial properties using none other than permitted development rights. • So we’re talking about how you can use permitted development rights, in particular Class MA permitted development (or office to residential permitted development or commercial to residential permitted development) to change the use of your commercial property to residential use to unlock huge value. It’s a class that a lot of people and property investors are talking about at the moment, particularly since the use class order changed to include a host of other uses that can be included in this class of permitted development. • The big picture and why Class MA permitted development was introduced • Initially, office to residential was introduced to the general permitted development order following the 2008 financial crisis. Swathes of offices were sitting vacant as companies went under and the government stepped in to bring those spaces back into active use. This permitted development right has stuck around until today but the reason why people are getting so excited about it now, I will get to in a minute. • Since it was introduced following the last financial crisis, Councils countrywide rushed to implement article 4 directions to prevent office to residential from happening. Some didn’t make it in time (or quite understand what was to come) and it created some famous cases in the planning world of really unacceptable residential units being created (without windows for example!). • So in the background, there has always been complaints about the planning system separating different units that you would typically find on a high street. The “A” classes (retail, financial services, restaurants and takeaways) and the “D” classes like medical or health services, creche and day nurseries, and leisure facilities. People argued that they should be under one single class. It meant that Councils had these outdated and arbitrary assessments to make about whether there were enough A1 (typical retail) uses in the town centre. But it meant that restaurant providers weren’t able to serve their market because of this crazy policy! • So step in the government again in 2020 to change the Use Classes Order. Not only did they group together all of the retail, leisure and medical uses I just mentioned, but it also included offices as well. • Then the biggest change happened straight after this, once all of those use classes were grouped together to form use class Class E, the new release of the general permitted development order allowed for the change of use of ALL of the uses in Class E to residential. And this came into affect in August 2021. • You can change ANY use falling within Class E to residential: • Shops • Financial services; • Restaurants • Office • Medical or health services • Creche and day nurseries • Leisure facilities • So earlier in the video I mentioned why right now in 2022, there is still an incredible opportunity to benefit from Class MA permitted development. And it comes down to Article 4 directions. Councils introduced article 4 directions in a lot of areas to stop people using the old office to residential permitted development. But as of 1 August 2022 those old article 4 directions will no longer be valid. • Now Councils, particularly in London, are trying to use an article 4 direction to prevent Class MA permitted development from happening across the whole borough. But the government is pushing back and saying that only in specific and justifiable areas will they be allowed to include an article 4 direction to prevent Class MA permitted development. • So, if there is anything to take away from this video it is 1 August 2022. Remember that date. And in the lead up to that keep track of how your Councils article 4 directions are progressing. Because they will show what areas will restrict and which areas will NOT be restricted from using CLASS MA PERMITTED DEVELOPMENT. Once you know that you can start looking at commercial properties that will not be affected from the restrictions and therefore you can add huge amounts of value to your property investment.
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