THE OPPORTUNITYProject Summary - Title split opportunity, block of 5 flats
Share Price - £5,000
Raise Amount - £150,000 to £225,000Number of Shares Issued - 30 to 45Projected Return on Investment - 0.83% per month fixed (10% per year) to be paid before any other proceeds are distributed
Expected Time to Complete Works - 8 months
Note: This project will go ahead when the minimum amount has been reached
The building is a former warehouse, formally a gym that was converted in 1999 to two 1-bed flats and three 2-bed flats. It is located in Redfield, an area with high tenant demand from young professionals.
proposes the acquisition of the block on a single
freehold, with the aim to split into leaseholds and sell individually.
No structural or re-modelling is required. Only refurbishment of each flat is necessary.
ADDITIONAL PLANNING GAIN
There may be opportunity for building 1-2 additional flats in the loft space but this is subject to planning permission and is highly uncertain.