This is a new opportunity to invest in a residential project located in Speedwell, Bristol.
The developer is the well known family of developers, BEAUMONT HOMES based in South Gloucestershire, who have over 30 years experience and well established track record of developing in that area.
Beaumont Homes, working with LEOpropcrowd, are keen to accept investors wishing to learn about property development and offers a behind the scenes look at the project from start to finish.
Argyle Morley Apartments
Planning permission has been granted by Bristol City Council for 10 no. Two bedroom apartments. Bristol City Council Planning reference 19/04291/F. With planning in place, work can commence immediately on the purchase of the property. This opportunity has a projected GDV of £2,308,020, calculated using agent quotes and recent comparables.
The land will be purchased in a special purpose vehicle (SPV) - BEAUMONT (Argyle) LTD which has been incorporated specifically for this purpose. The SPV is raising £400,000 against a forecast return on investment of 37% for investors over 18 months.
Financials Project Summary
- 10no. Two bed premium apartments with parking. Share Price
- £1,000 Min Raise Amount
- £350,000 Target Raise Amount
- £400,000 Number of Shares Issued
- 400 shares Projected Return on Investment
- 37% (25%per annum)Expected Completion Date
– October 2021 PROJECTED PROFIT SHARE
The developer will receive a profit share, but the investors will be protected by several return hurdles. The Developer, Beaumont (Argyle) Ltd, will only receive a profit share once the investor receives 10% per annum on their investment. This arrangement is generally referred to as preferred equity in the capital markets vocabulary.