Positioned near Portsmouth University, renowned for its robust demand for student accommodation, this derelict 30,000 sqft building from the 1960s offered remarkable potential. With its upper floors already holding an existing consent for conversion into 97 student units, and the ground floor commercial premises generating a steady rental income, our decision to acquire this asset was unwavering. Despite the property being sold by executors, our legal team ensured the transaction proceeded seamlessly, allowing us to swiftly complete the purchase. As we embarked with our plans to develop the scheme and capitalise on the thriving student accommodation market, an unexpected offer to purchase the property presented itself that was too enticing to ignore. Recognising the opportunity before us, we made the strategic decision to accept the offer, enabling us to reap the rewards of our astute investment. Our intense research of the Portsmouth property market, coupled with a deep understanding of the Council's ambitious plans to regenerate the area, fuelled our confidence in the asset's potential for substantial growth. By aligning our vision with the evolving dynamics of the market, we capitalised on the opportunity, securing both a profitable acquisition and a fortuitous exit strategy. This case exemplifies our unwavering commitment to meticulous research, strategic decision-making, and seizing the most advantageous opportunities in dynamic markets.