Century Spaces Development

Stanley Cottages, Filton, BS7 9YU

£365,000
of £365k
12
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Capital is at risk and returns are not guaranteed.
Description:

Share Price: £500 (with a minimum investment of £5,000)
Number of Shares Issued: 730
Projected Annualised Return: ~39% 

This project proposes the acquisition of a large 3-bedroom cottage with a substantial plot of land, with the intention of refurbishing and selling the cottage while gaining planning permission and selling off the land with planning
We are raising £385k equity for projected 6 months for a 50% share of the projected returns
Projected ~40% annualised return on investment (ROI) for investors (~20% over 6 months) based on obtaining planning permission for 3 new dwellings on the land  
The property is located in Cheswick Village, near Filton, a Northern suburb of Bristol, close University of the West of England, a very large Ministry of Defence site (procurement), and a large HP facility
- The M32 is within 10 min drive and there’s an 8 min walk to the nearest station with 9 min by train to Bristol Temple Meads
- Due to proximity to major employers and transport connections, demand for family homes is large. Further, houses can be let as HMOs to UWE students
- Within ~100m of the property, Redrow is finishing a development of ~90 new houses of £450 - £600k which, according to local agents, sell before they come on the market

Developer Profile – Thomas Eskebaek:

· Significant experience with 8 property projects in the past 2 years
· Managing Director of Century Spaces, which specialises in conversions and developments of 10+ units
· Engineer by training with Master ’s Degree in Computer Science and Software Engineering
· Background running small businesses and working with start-ups
· Recent corporate experience as Business Manager / Chief-of-Staff to the President of Eight Roads, Fidelity International’s proprietary capital fund
· Further, Private equity experience from Hg Capital and broke record for fastest promotions at Bain & Company

Pre-Application Update: 
This week (wb 22/8/16) we submitted the pre-planning enquiry to the council, and we are expecting to hear back in ~8 weeks.   The aim of the pre-app is to enter conversations with the council re. planning permission on the site and establish the basis for gaining planning permission for 4 additional houses on the site.   We are working with Richard Pedlar Architects (http://www.rpca.co.uk/), who is very experienced in working with listed buildings. With their input, we are proposing a farm-yard style development with the 4 houses surrounding a central court yard, which is in keeping with the existing cottages and sensitive to the historical nature of the site.   You can find two CAD drawings of the proposed development along with the statement supporting the pre-application enquiry available for download.   We will keep you updated as we progress with the project and, as always, do let us know if you have any questions.

A response from the Council regarding the pre-planning enquiry is available for download.



Update: 2nd November 2016 - Sports and Leisure Facilities

Work has commenced on the sports and leisure facilities this week, and is expected completed in January 2018. When complete, there will be great sports facilities within short walking distance of the new properties along with a brand new, well-lit road leading up to our properties. Further, there will be three new tennis courts just on the other side of the road from the properties.



 

Stanley Cottages, Filton, BS7 9YU