Located within an affluent sector of the city a few minutes\u2019 walk to the train station towns shopping centre and at the cul-d-sac end of an attractive residential street. Planning agreed for 13 luxury apartments with a GDV of \u00a3 3,895,260.00. ROI - Interest rate for an equity position of \u00a3670,000 is 6% PA. Coupon equal to \u00a340,200pa (\u00a310,050 paid quarterly) and in addition, a final bullet payment of a \u00a3249,278. This is equal to a Gross ROI of 46%.<\/p>\n\n\n\n
This excellent apartment development is one not to be missed. The developer seeks an equity investment of \u00a3670,000 in return an equity position is paid back at a 6% PA coupon equal to \u00a340,200pa (\u00a360,3000 over full term) and in addition, a final bullet payment of a \u00a3249,278. The investment funds will be secured via a preferred equity shareholders agreement. Over an 18-month period. Capital funds will be returned to the investor from the sale of the apartments. The development is expected to take 9 months from the start date which will be in May 2023. The specification will be a high end luxury finish to achieve the highest sales price and be a desirable development for prospective homeowners.<\/p>\n\n\n\n