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Amazing project: will bring in income straight away
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​Huge shopping complex in the westmidlands with 29 retail shops, with the likes of B & M Bargains, Subways, Ramsey's and many more establised retailers
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SHOPPING COMPLEX
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Size of retail shopping center 131,000 square foot
Roof and underground Car park 175 spaces
95% of shopping centre rented out bringing in 480,000 Gross yearly income
Wages and bills max 100,000 may be 80,000 so Net income already coming in 380,000 to 400,000(Guaranteed income already)
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OFFICE / APARTMENT BUILDING
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Size 21,000 sqaure foot
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Also connected is a 6 floor office building previously rented out to Job centre now vacant.
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Has planning for
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27 X 2 Bed Apartments
3 X 1 Bed Apartments
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So once rented out as apartments or offices this building has potential to bring in another £200,000
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Leaving as offices only 50,000 for basic clean up and decoration . Conversion to luxury apartment cost of £500,000 that could easily come out of the current rental income of £400,000 yearly
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Can even leave office building as office bulding and rent out as offices but will bring in slightly less rent around £150,000
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CAR PARK 175 SPACES
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We visited complex and only about 30 cars parked there. So with right advertising just the car park can bring in £150,000
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This place has huge potential and once all done will bring in £30% ROI rental income so after tax has ability to pay it self off in about 5 years
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It is currently already bringing in 16% ROI Yearly (So immediate rental income) Some income can be used for conversion of office building.
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PRICE OF BOTH RETAIL AND OFFICE BLOCKS £ 3 MILLION​
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SO SUMMARY PAYING 3 MILLION FOR A FREEHOLD RETAIL COMPOUND THAT IS CURRENTLY BRINGING IN GROSS £480,000.
WHEN OFFICE BUILDINGS AND CAR PARK ALSO FULLY LET OUT RENTAL INCOME WILL BE £700,000 TO £800,000
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The picture below that says 4 floors on it is only 10% of the whole complex. See the 3rd photo (birds eye view ), the red outline is this picture and the blue outline is the whole complex.
Investment Proposal
(open to discussion)
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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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We Luxury developments will be responsible for managing the whole retail complex as well as developing and managing the office complex. We will be responsible for all the following
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On going work
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Fully Managing retail complex.
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Advertising empty retail shops, viewings , contracts for tenants.
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works and repairs if needed
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Advertising apartments for rent
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viewings, contracts for tenants, all other queries
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Making sure all Health & Safety regulations are followed. Fire safety, Pest control and so on.
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Conversion work
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Fully manage the building regulation applications
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Fully manage the conversion into 30 Apartments using our current contractors
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Fully manage the complete conversion and the letting out and after care.
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Basically the investor will have a complete hands off investment, all managing will be done by luxury developments Ltd.
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In return we ask for a 50% share of net rental income and profits.
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So basically the 3 million invested always belongs to the investor. Anything above that we will take a 50% share. Whether it is rental income or the investor decides to sell then it will be 50% of the capital gains. Just want to clarify the initial 3 million will always belong to investor and we do not have any share in that
​After completion of apartments we believe the value of the whole complex will be around 6 Million. As apartments will bring in £200,000 and car park will bring in a further £150,000
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