Title Split Project - Century Spaces

Bristol

£350,000
of £350k
8
Current Investors
100% Funded
0 days left to fund
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Capital is at risk and returns are not guaranteed.
Summary Details

This project proposes the acquisition of a block of 6 flats on a single freehold title with the intention of splitting into individual leaseholds and selling these at market value.
 

· Projected ~25% return on investment for investors over 9 months (~33% annualised) with £350k equity financing and with ~£602k development finance
· The property is located on North Street on the border of Southville and Bedminster in South Bristol, ~1.6km from Bristol City Centre
· Area is very popular with young professionals due to close proximity to City Centre and local amenities on North Street – and flats are in high demand
· Previously a bank with maisonnettes above, the building comprises small commercial space and 6 flats, all in good condition with newish bathrooms and kitchens
· Planning has been granted for an additional flat in the roof space. All the structural work has been completed with only interior walls, plaster boarding, fitting out and decorating remaining 

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

Project Notes: 
· This project has a minimum and maximum raise. The minimum raise is £265,000 and the maximum is £350,000.  The Total number of shares offered is 3,500 - each share being worth £100.  If you are unsure about what this means, then please contact us for further clarification.
 

Bristol