The Daily Arsenal

If you can get hold of some? Come on now, be honest.

 

Ok I can get hold of lots, I sorted the Sunderland board out with them.

 

Hiag needs Savlon after the massive buttfuckfest he was in tonight.

 

He enjoys it really.

 

He does up to a point. The fun bit is when he realises he's ****ed up on too many details and starts throwing windmills. After that he gets into a right panicky, aggressive muddle!

 

That was quite fun in all honesty

Bless him

 

If making good profits from development was easy, you bunch of muppets would all be millionnaires. I don't mind you all scoffing, I really don't. I'd probably scoff, too, if I was at your intellectual levels. Fortunately, doing the kind of deals that I do is not something that just anyone can do, so I do not blame you for scoffing. In fact, I am glad of it! It proves to me that I am shrewd. I spot the deals that no one else can. I always have done. It's a gift I have.

What I'm really trying to say is, I bear you all no grudges for your communal ignorance. Indeed, I welcome it, lads. Bless you all.

 

Just seen this. If he's building at that level then he must be using balsa wood.

New build for a good quality block of flats in Manchester city centre will cost c.£140-£170psf.

New build in London is now on average over £200psf. That accounts for ****ty low end stock which can be churned out for as little as £150psf to high end which can easily batter £300psf. A good quality scheme in a decent part of Central London will be a ballpark of £220psf. This might help

http://www.constructionenquirer.com/2015/07/01/building-costs-in-london-now-second-highest-in-world/

New build in a nice commuter town will be around £175psf for a scheme of flats. You might be able to get it down to £140psf for a single dwelling if you build and manage the sub contractors yourself, this seems to be the kind of "desirable" place HIAG's fake project is based in.

Converting an office through permitted development rights can be as low as £120psf but probably more like £150psf as it was built to be an office not residential so will need reconfiguring. Ventilation and recladding can be issues. Invariably they look ****, a bit like offices that have been converted to residential!

Converting a pub will cost more than a PD as it will need more reconfiguring. If it's old and/or listed then it can be very expensive to convert. Often conversions can turn out more expensive than new builds which is why buildings are knocked down and replaced by new build schemes.

I'm afraid your google skills have let you down badly on this one HIAG.

Rising construction costs are a problem in the industry, even for the likes of Barratt who procure in volume. Have a read of this. You'll also note that their gross margins are less than half of your net margins.

http://www.constructionenquirer.com/2016/02/24/barratt-sees-build-costs-rising-by-4/

£75psf for new build and £60psf for conversion. You absolute clueless plum.

 

You would have thought that HIAG would at least googled construction costs before coming out with that ****.

 

That 'shrewd' that you'd not realised that the real profit in that 'deal' was in the land purchase and not the development. Any businessman worth his salt would have flipped given that scenario and avoided the risk that came with actually building it.

You created a fictional scenario, added some noddy numbers and a story around the process of the purchase and the equity split that your partner had supposedly gifted you, that was completely flawed, hence the reason you kept changing it when cornered.

I think it's safe to say that we can add - bogus property tycoon - to your long list of bullshit on this forum.

 

Perhaps Hiag is Nick Knowles

or in his case Nick Knowless

 

Can you ****s make yourselves useful?

I've got an extension that's going up...need me a good builder.

 

Get HIAG's builder to do it. He's the cheapest in Britain since the 1980's.

 

Hire his quantity surveyor as well, and get the pair of them to sign a fixed price contract.

 

HIAG probably has Bob the Builder posters up in his bedroom..

 

He's gone to ground. The shame of this busting could have tipped him.

 

What Stan has not taken into account is the fact that a large part of the build costs is represented by the builder's profit. For my builder, he is taking nothing more than a wage, and is leaving his profit in the deal. This is fair, of course, because he is, effectively, building the project out for himself, with the profit coming at the end.

Regardless, we have prepared our costs/works schedules and everything stacks up. I haven't necessarily told you the full story, of course, as it's none of your business. Plus, I a clearly talking to a bunch of clueless muppets (and an estate agent), so I really do not want to waste any more time on this.

Incidentally, we are talking to another interested financier, today. He seems very keen to support the project.

I will keep you boys posted as the project progresses.

 

<fixed>

 

That would reduce your build costs by about 20% and he'd have to do all the work himself without using any subbies. Even Bob the Builder had a team. By the end of the project your builder would most likely be dead and it would have taken several years instead of a few months to finish which would completely **** up your IRR's. You wouldn't get any kind of bank funding based on a one man build programme.

Even if Bob the Super Builder did manage to do an entire pub conversion job single handed you'd be at £90psf for new build and £72psf for conversion, still around half what it costs volume builders to build real projects despite the fact that you, allegedly, "cost high".

I'll give you credit HIAG, I thought you might try and let your battering from yesterday die a natural death but nope you're back to make a tit of yourself again!

Good luck with your meeting with the financier today. Have you worked out yet who you're buying from, how much it's costing to build and how to calculate the profit? He may ask...he'll probably **** himself when you introduce him to the build team of one!

 

HIAG has been busted, but he's too dense to know when he's been rinsed. Like the villiage idiot, he will be back touch the electric fence and peddle more of this nonsense