The Miners Arms, Milton

In the wake of the Covid-19 pandemic, we secured this disused public house for redevelopment.

This former pub lent itself superbly to conversion into four high specification 2 bedroom apartments. Sympathetic to its history, these new homes retain period details while affording modern living conveniences.

We sold the properties to a single investor buyer, prior even to completion of the development.

* Warning: Capital at risk. The value of your investments can go down as well as up, so you could get back less than you invested. Suitable for sophisticated investors. *

Former condition

Finished result

The investment…

Purchase price £156,000

Stamp duty £4,680

Professional fees £2,300

Cost of refurbishment £136,000

Total investment £298,980

GDV/DUV £400,000

The exit strategy…

We have already secured a buyer for the whole entity, at £400,000. They will put the properties to use as specialised assisted accommodation. This sale agreed prior to the project’s completion further mitigates risk.

Alternatively, a 75% remortgage at £300,000 gives us our entire investment back, and we would own an income-producing asset for life.

Return on investment…

The margin of £101,020 represents a return on investment of 33% in 14 months.

If you’re interested in becoming involved with similar opportunities, with the ability to earn excellent fixed returns, please contact us.