From Tenant to Owner, Buying A Multi-Unit Commercial Building.

The Requirement:

We recently supported a dental practice in Leicester with the purchase of the multi-unit commercial building they had previously been renting from a third party. The goal was to move them from being a tenant to becoming an owner-occupier, while also creating a stronger long-term financial position for the business.

About The Property:

The property consisted of 6 commercial units in total. 3 of which were already let to existing tenants, providing an immediate stream of rental income. 2 of the units were to be occupied by the practice for day-to-day trading and planned future expansion. That then still left the remaining space offering flexibility for future use or letting, if required.

How we helped:

We started by breaking down the mix of owner-occupied space versus income-generating rental units, so lenders could clearly see how the building would work both as trading premises and as an investment.

We then reworked the practice’s accounts to reflect the new position, removing the existing rental costs and replacing them with the proposed commercial mortgage payments. This allowed us to present a much more accurate picture of the business’s true affordability.

Alongside this, we prepared a clear and robust affordability and sustainability case for lenders, covering both the business finances and the directors’ personal affordability. By presenting the figures in a straightforward, lender-friendly way, we were able to demonstrate that the purchase was not only achievable, but also a sensible and sustainable long-term move for the practice.

The Outcome:

The clients successfully moved from tenant to owner-occupier, secured the additional space they need to support future growth, and now benefit from both rental income and long-term equity in their own building. As a result, the practice is in a stronger position financially, with greater control over its premises and a solid foundation for the future.