77 Lower Richmond Road, Putney
The property is currently a vacant retail space with masses of space out to the back and a large cellar.
Our intention is to deliver 2x studios and 1x one-bed apartment, at the front of the property by excavating the pavement, and behind with an extension.
Planning permission has already been obtained.
We are currently raising up to £800,000 for this project.
* 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. *
Target finish
The investment…
Purchase price £535,000
Fees incl. SDLT £50,550
Cost of refurbishment £385,000
incl 10% contingency
Total investment £970,550
GDV/DUV lower estimate £1,215,000
The exit strategy…
We plan to sell the apartments for a gross profit of £247,450.
As a contingency exit we could remortgage at 75% LTV at £937,500 and this would comfortable allow us to retain the asset and deliver the returns to our investors.
Return on investment…
The margin of almost £250,000 represents a return on investment of 20% in around 18 months.
If you’re interested in becoming involved with similar opportunities, with the ability to earn excellent fixed returns, please contact us.