landlord no longer selling (see our other projects still for sale)

Office/Residential and retail conversion

Many investors have asked, What guarantee do they have when investing ? 

Well to fully satisfy any investor the property bought will be bought under the investors Name or a Company under the investors name.

Or any proposal that the investor is satisfied with.

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Currently raising money for a project in West Midlands, we have found a 33,000 square foot building spaced out over 3 floors. 

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Accommodation
Ground Floor 15,992 ft2 1,485.7 m2
First Floor 14,313 ft2 1,329.7 m2
Second Floor 2,996 ft2 278.3 m2
Total Floor Area 33,301 ft2 3,093.7 m2

Site Area: 0.376 acres (0.152 hectares)

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Cost price £650,000

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Ground Floor retail  Currently rented out until 2027 for 40,000 per annum

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1st and second floor have planning to convert into 13 apartments

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3 x 1 bed Apartments

9 x 2 bed Apartments 

1 X 3 bed Apartment

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Cost of renovation/ conversion to 13 apartments £350,000

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Rental income will be around £150,000 once all apartments rented out.  Current income is from ground floor which is already bringing in £40000 a year

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Sale of property will be based on 10% rental income which gives a sale price of 1.5 Million

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We are opened to selling or leaving on rent and managing

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Ideally looking for 1 investor for the total of 900,000 We will do all work rent out and manage, Profits are split between investor and developer. Initial investment goes back to investor

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Or may be look into micro investing where 9 investors put in 100,000 each

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We have many years of experience in conversion of buildings, see project 1 for our latest development

 

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