Chalks Road Title Split Project

29 Chalks Road, Bristol

£225,000
of £225k
6
Current Investors
100% Funded
0 days left to fund
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Capital is at risk and returns are not guaranteed.
THE OPPORTUNITY

Project Summary - Title split opportunity, block of 5 flats
Share Price - 
£5,000
Raise Amount - £150,000 to £225,000
Number of Shares Issued - 30 to 45
Projected 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 PROJECT

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.

This project 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.  
ABOUT THE DEVELOPER - THOMAS ESKABAEK




  • Significant experience with 12 property projects over past 2 years
  • Managing Director of Century Spaces, which specialises in conversions and developments of up to 30 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

29 Chalks Road, Bristol