The Truth About Commercial-to-Residential Conversions with Fraser Walsh

In this episode of the Scottish Property Podcast, Steven is joined by Fraser Walsh, an architect with over 20 years’ experience and co-founder of W9 Architects, to explore what really happens when investors move beyond buy-to-let and into commercial property and complex conversions.Fraser shares a behind-the-scenes look at commercial-to-residential projects, planning risk, listed buildings, and why even seasoned investors can get caught out when scaling up. Drawing on his experience working with major housebuilders, Scottish Government, and his own property investments, Fraser explains how projects can be de-risked, phased, and structured to stack up financially.This episode is packed with practical insight for investors looking to move into commercial conversions, apart-hotels, guest houses, and mixed-use projects — and avoid expensive mistakes along the way.Episode Highlights:Why commercial conversions are a completely different challenge from buy-to-letThe biggest risks investors underestimate when scaling upHow to buy property subject to planning to reduce exposurePlanning vs building warrant: what really causes delays and cost overrunsFire safety, sprinklers, sound insulation, and compliance costs explainedHow to assess whether a commercial building is viable — or a deal-breakerThe importance of phasing developments to create early cash flowLessons from large housebuilders that property investors can applyHow networking accelerates learning and unlocks unexpected opportunities