First Charge Security Investment. A golden SSAS compliant opportunity to invest in a planning gain development to materially increase site value from \u00a3400,000 to a minimum of \u00a31,000,000 plus. A residential scheme is to be sought for either 80 private residential units or a care home in line with local and national policy. Once achieved, most of the site will be demolished and sold or refinanced to return equity and interest to the investor. The investment is for a \u00a3200,000 loan for a fixed 15% pa return over 12 months. The site is unencumbered and presently has a section 77 order to demolish as an unsafe site from Stoke on Trent Council. However, as this is in conflict with the sites status of historic importance they have entered dialog with the developer to agree a planning consent which will preserve parts of the site and allow a residential use around it. The video indicates what the proposed planning will look like. The developer is keen to show further commitment with also offering PGs and a company debenture along with the first charge. He is also wishing that due to the nature of the site that any interested party will have numerous questions which he feels would be best answered directly and so invites an appointed video call to cover these. All detail in relationship to the site can be forward by the developer directly.<\/p>\n\n\n\n
Do Not Miss Out On This One<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" First Charge Security Investment. SSAS Compliant. Clean SPV, Experienced Developer with over \u00a3100 million delivered, Personal Guarantees offered, Company debenture offered. Planning gain opportunity on an unencumbered derelict pottery site with no debt. Planning is to be sought for up to 80 units for either Care Home or residential. The developer has an active working dialogue with the local authority. Presently the owner has rejected unrestricted offers of \u00a3357,000 and \u00a3450,000 and a restricted to resolving demolition offer of \u00a3825,000 (These can be evidenced ) With an auction valuation of no lower than \u00a3300,000. The developer has rejected these as he estimates the value with planning to be IRO \u00a31 to \u00a31.6 million.
\nThe investment is for a \u00a3200,000 loan for a fixed 15% pa return over 12 months. Once planning is approved, the property will be refinances and the equity stake returned with the attached interest.<\/p>\n","protected":false},"featured_media":629,"parent":0,"menu_order":0,"template":"","completion_status":[6],"investment-category":[],"class_list":["post-484","property_investments","type-property_investments","status-publish","has-post-thumbnail","hentry","completion_status-completed"],"acf":[],"_links":{"self":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/property_investments\/484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/property_investments"}],"about":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/types\/property_investments"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/media\/629"}],"wp:attachment":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/media?parent=484"}],"wp:term":[{"taxonomy":"completion_status","embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/completion_status?post=484"},{"taxonomy":"investment-category","embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/investment-category?post=484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}