The White Lion, Penkhull
Our second public house, this time we transformed into six individual apartments.
This was a fantastic space that presents itself beautifully for redevelopment into high specification residential units. Situated in a highly sought-after neighbourhood, we added value with generously sized apartments, communal gardens and amenities, with a large plot of land adjacent to the building for a second stage of buildout.
* 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 £210,000
Stamp duty £6,300
Professional fees £28,200
Total Cost of Refurbishment inc fees and costs £280,000
Total investment £524,500
GDV/DUV £690,000 ( 75% remortgage at £517,500 gives our investors their entire investment back, plus a 12% return on capital over 12 months )
As Investors we will have approximately £7,000 of our own funds left in the deal
Return on investment…
The six apartments are achieving above £3600pcm gross rental income and dependant on our final loan product we hope to have our capital back in less than 12 months.
If you’re interested in becoming involved with similar opportunities, with the ability to earn excellent fixed returns, please contact us.