South Kensington Opportunity

36C Harrington Gardens, South Kensington, SW7 4LT

£730,500
of £732k
36
Current Investors
99.80% Funded
0 days left to fund
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Capital is at risk and returns are not guaranteed.
THE OPPORTUNITY

Project summary -
 Development opportunity in South Kensington, London
Raise Total - £600,000 
Share price -
£500
Number of shares issued -
1200
Projected return on investment – 
24%
Expected completion - 
Spring 2017


ABOUT THE PROPERTY  


This flat sits in a beautiful Victorian mansion block, distinguished by grand staircases, original floor tiles and stunning stained glass detail, viewable from the street. Originally owned by the French Embassy, it is walking distance from all that this lovely area has to offer including schools and the French Lycée, boutique shops, cafes and good transport links.

THE PROJECT

  • Complete refurbishment of shabby, outdated flat to high-end, luxury finish
  • Spacious, 3-level, 4-bed flat with planning granted to raise the roof & adapt loft into fifth bedroom with ensuite
  • Extended lease application successful - to 199 years


THE PROPOSAL
   

Works will commence in November and are expected to be complete by April 2017. The CGIs have been completed and it is now listed with Foxtons and Faron Suturia offplan at £4.7m.

The process from development through to disposal will be project managed by our teams and investors will have access to the project management system to track progress, financials and full documents.  

Investors will be allocated shares in the special purpose vehicle, 36C Harrington Gardens Ltd, which owns the property. Each equity share will receive 50% of after tax profits upon the completion of the sales of the project.

Summary of Financials
Purchase Price - £2,050,000
Total Costs - £3,243,036
Final Projected GDV - £4,431,840
Projected Profit on GDV - £20.7%  


ABOUT LONDON CENTRAL DEVELOPMENTS

As the development partner of East Eight, London Central Developments (LCD) is a joint venture between Nicole Bremner and seasoned property developer Avi Dodi. Together they develop stunning properties across London that people aspire to live in. Design is at the forefront of LCD’s developments. 

Working with carefully selected design partners, LCD creates buildings that are architecturally unique and imposing.
 

LCD’s strength is maximising the development potential of a site. Nicole and Avi enjoy the challenge of a property with planning issues, working together with planners to create residential and commercial developments that maximise usage and enhance the local area.

 

36C Harrington Gardens, South Kensington, SW7 4LT