Property Type – Commercial Project – Create 3, 6 bed luxury student House of Multiple Occupation (HMO) flats, all with en-suite and parking Loan Required – £280,000 Minimum Investment Amount - £1,000 Term – 12 months (with possibility of early repayment) Interest Payable– 9% PA (before tax) Payment Intervals – At end of loan term Borrower Type – Experienced developer Security Availability – 1st charge IF ISA Applicable - Meaning you can invest using your ISA allowance or account, allowing for tax free returns THE PROJECT "The USP: The
Lofts will be, “New York Loft inspired living for Derby University Students who
want a secure home to live in, right in the centre of where students want to
live” We believe students will pay higher prices for something that looks
beautiful in design." - Ruth Hobbs The existing
property comprises a large detached early 1990’s building. The building is constructed of red brick with buff and black brick
detailing and a hipped concrete tile roof over. The total plot area measures
0.05 hectares. The site is
not covered by any specific designations, including conservation area, listed
building, flood zone and lies outside of the Central Business District/City
Centre area. Previously an empty B1 Office Block in the heart of the student district in Derby, planning consent has been granted to change this into: 3 x 6 bed luxury Student HMO flats all with en suite's and parking.
Planning permission granted
Opportunity to invest in a 'Learn Whilst Investing' HMO project
Offering a fixed return over a fixed period of time, secured on a first charge basis
Monthly progress webinars with a chance to ask any
Site visits (investors must have steel capped boots
to attend site visits)
lives from site at key stages
THE PEOPLE BEHIND URBAN SISTER
Ruth Hobbs, Operations Director
Ruth has bought property and traded them up since 1999 when she inherited her first
property and got hooked. She lives, eats and breaths property.
Her aim over the last few years was to break into the commercial conversion to
residential sector, and to do this, she immersed herself into this field through training courses, manuals, podcasts, reading etc. In the last 5 years she has purchased and developed 8 properties and a further 3 that she has retained and rented. Gillian Hobbs, Financial Director
Gillian is a Prince
2 Practitioner Project Manager with over 20 years’ experience in Investment
Banking and Asset Management. Her area of
expertise is Financial Crime Regulatory Compliance.
After helping Ruth get the property business
off the ground, Gillian now supports her sister with validating project viability, monitoring spending to ensure constant cash-flow and helping drive company
direction and vision.