Woodside Green is a distinctive property development situated within the serene suburbs of Alperton close to Wembley and on the Piccadilly Line. Known for its architectural sophistication and commitment to environmental sustainability, Woodside Green exemplifies the innovative spirit and ecological mindfulness that are central to Pure Green's ethos. This development, like others under the Pure Green banner, emphasizes creating harmonious living spaces that foster a deep connection with nature and the community. <\/p>\n\n\n\n
The demand for housing projects in the immediate vicinity of Woodside Green is substantial, primarily due to the limited availability of only new build apartments within a one-mile radius of the site. Prospective buyers are particularly drawn to the opportunity of owning a freehold house with garden space, offered at similar price points to these new build apartments. This unique selling proposition significantly enhances buyer appeal and boosts confidence in achieving successful sales upon project completion. The alignment of competitive pricing with the added benefits of private garden spaces and freehold ownership positions Woodside Green as a highly attractive investment in the current market.<\/p>\n\n\n\n
Build Strategy<\/strong><\/p>\n\n\n\n The project at Woodside Green involves the construction of a residential development comprising 14 houses on a vacant plot of land behind Woodside Avenue in Alperton. These homes are meticulously designed to comply with 'Category 2 - Accessible and Adaptable Dwellings' of Part M of the Building Regulations, ensuring that they meet high standards of accessibility and sustainability in line with the Pure Green brand strategy. The layout includes houses arranged around a communal green space, blending private and shared amenities to foster a sense of community and enhance liveability.<\/p>\n\n\n\n Key Details<\/strong><\/p>\n\n\n\n Gross Site Area: 2,468 sqm. 14 Terraced Houses - 6 x 2-bedroom - 3 x 3-bedroom - 5 x 4-bedroom te<\/p>\n\n\n\n The project will be delivered in three phases, beginning with the 4-bedroom houses, followed by the 3-bedroom houses, and concluding with the construction of the 2-bedroom houses.<\/p>\n\n\n\n Planning: Full planning permission has been granted. Build Time: 18 months. Sales Time: 6 months<\/p>\n\n\n\n Key Phases<\/strong><\/p>\n\n\n\n Buy<\/strong>: The land purchase is scheduled for completion in September 2024, with an immediate payment of a 10% deposit required by the end of June. The developer has committed a \u00a310,000 non-refundable fee.<\/p>\n\n\n\n Build:<\/strong> Construction will be managed by Stellify, adhering to the Pure Green brand strategy. Full planning permission is already in place.<\/p>\n\n\n\n Market:<\/strong> Upon purchasing the land, Pure Green will commission hyper-realistic visuals of the development and engage a top local real estate agent to begin marketing the properties. Agents with existing waitlists for this type of development are currently being tendered.<\/p>\n\n\n\n Sell<\/strong>: To achieve maximum sales values, Pure Green will employ new home incentive schemes such as \u201cOwn New.\u201d Efforts to incentivize off-plan sales will help reduce finance costs and ensure project profitability for stakeholders.<\/p>\n\n\n\n Refinance<\/strong>: Any units remaining unsold at project completion will be rented as single, HMO, or care lets, allowing for an exit to a buy-to-let mortgage. This strategy will service the remaining debt and increase project profit.<\/p>\n\n\n\n Exit Strategy<\/strong><\/p>\n\n\n\n The primary exit strategy is to sell the homes to private homeowners. This includes off-plan sales, capitalizing on the high demand for new houses in the Alperton area, as evidenced by successful local developments. <\/p>\n\n\n\n Exit 1<\/strong>: The primary exit involves selling the \u201cgreen\u201d homes off-plan to young couples or families, whether they are purchasing their first home or upsizing. Any remaining units will continue to be marketed and sold upon project completion.<\/p>\n\n\n\n Exit 2:<\/strong> The secondary exit involves transitioning unsold units to buy-to-let mortgages. These units will be rented as single, HMO, or care lets to service the debt and generate additional profit. The units will continue to be marketed for sale during the rental period. Upon receiving an acceptable offer, a light refurbishment will bring the property to new home standards before the sale is finalized.<\/p>\n\n\n\n This dual exit strategy maximizes early investment returns and ensures the project's financial stability, catering to both market demand and investor interests.<\/p>\n\n\n\n 1. Asset-Backed Security<\/strong>: <\/p>\n\n\n\n Investments in Woodside Green are secured with a second charge or equity in the Special Purpose Vehicle (SPV) that owns and controls 100% of the land and project. Investors will either hold equity or a second charge that entitles them to a 50% profit share in the project.<\/p>\n\n\n\n 2. Preferential Return for Investors:<\/strong><\/p>\n\n\n\n Structured to ensure a preferential return of 20%, investors are guaranteed a minimum return of \u00a3540,000 on their investment. Any profit exceeding \u00a3540,000 is shared equally between the investor and the developer.<\/p>\n\n\n\n 3. Investment Oversight by Trust Green Corporate Structure:<\/strong><\/p>\n\n\n\n Trust Green independently oversees the project monthly. The developer submits a bi-monthly budget vs. actual report to Trust Green, the Security Trustee, and the investors.<\/p>\n\n\n\n 4. Security Trustee: <\/strong><\/p>\n\n\n\n Trust Green appoints a Security Trustee to manage and mitigate project risks on behalf of investors, ensuring the security is correctly documented and potential risks are forecasted.<\/p>\n\n\n\n 5. Experienced Developer:<\/strong><\/p>\n\n\n\n Neeraj Takiar brings over 25 years of experience and a successful track record of delivering over \u00a380 million worth of projects. His expertise is a cornerstone of the trust and reliability investors place in Woodside Green.<\/p>\n\n\n\n 6. Experienced Contractor:<\/strong><\/p>\n\n\n\n Stellify, led by Director Ian Gittins, is the contractor for this project. Ian Gittins has over 25 years of experience and a history of delivering \u00a3150 million worth of residential projects.<\/p>\n\n\n\n 7. Conservative GDV Forecast:<\/strong><\/p>\n\n\n\n An indicative valuation from Fisher German, a bank panel valuer, estimates the project's value at \u00a310,861,000. To ensure accuracy and conservatism, this valuation has been discounted to \u00a310,526,000.<\/p>\n\n\n\n About the Owner (CEO) Neeraj Takiar<\/strong><\/p>\n\n\n\n Neeraj Takiar is a highly successful property developer and the driving force behind Woodside Green. Serving as the CEO and major shareholder of Luxury Hub, a prominent property development and management firm headquartered in Stockport, Neeraj has a reputation for excellence in the industry. Luxury Hub, for the past 15 years, has focused on commercial residential letting investments, paving the way for the emergence of Pure Green as a pioneering entity dedicated to sustainable housing.<\/p>\n\n\n\n Neeraj Takiar's vision for Pure Green was born from recognizing the significant gap in the housing market for homes that are both environmentally sustainable and architecturally sophisticated. The company's mission is succinctly captured in their statement: \"Challenging conventional wisdom by reimagining how we build homes, how people connect with nature and their community, and how we rebalance and bring harmony to the place we call home.\" Prospective investors and stakeholders can learn more about Neeraj\u2019s successful ventures and his track record at https:\/\/trustgreen.co\/<\/a> . Neeraj warmly invites prospective investors to visit his ongoing and completed projects and provides investor testimonials upon request.<\/p>\n\n\n\n Through meticulous planning and an unwavering commitment to sustainability and investor security, Woodside Green stands as a testament to Neeraj Takiar's vision and Pure Green's innovative approach to property development.<\/p>\n","protected":false},"excerpt":{"rendered":" Woodside Green is a distinctive property development of 14 houses situated within Alperton, close to Wembley and conveniently accessible via the Piccadilly Line. The demand for housing projects in the vicinity is substantial due to the limited availability of only new build apartments within a one-mile radius. The alignment of competitive pricing with the added benefits of a private garden and freehold ownership makes these properties a highly attractive investment or new home. The primary exit strategy involves selling the homes to private homeowners, including off-plan sales, to capitalize on the high demand for new houses in the Alperton area. The secondary exit strategy involves transitioning unsold units to buy-to-let mortgages. These units will be rented to service the debt and generate additional profit, remaining on the market for sale during the rental period.
\nNeeraj Takiar, the experienced developer behind this project, brings over 25 years of expertise and a successful track record of delivering over \u00a380 million worth of projects.<\/p>\n","protected":false},"featured_media":843,"parent":0,"menu_order":0,"template":"","completion_status":[5],"investment-category":[],"class_list":["post-858","property_investments","type-property_investments","status-publish","has-post-thumbnail","hentry","completion_status-live"],"acf":[],"_links":{"self":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/property_investments\/858","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\/843"}],"wp:attachment":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/media?parent=858"}],"wp:term":[{"taxonomy":"completion_status","embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/completion_status?post=858"},{"taxonomy":"investment-category","embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/investment-category?post=858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}