101 Dalston Lane
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East London Investment Opportunity
101 Dalston Lane
£1,400,000
of £1.4m
14
Current Investors
100% Funded
0 days left to fund
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THE OPPORTUNITY
Project summary - Development opportunity in East London
Share price - £5,000
Number of shares issued - 280
Projected return on investment - 85%
Expected completion - Spring 2018
THE PROJECT
Mixed residential and commercial development site in the heart of Hackney
THE PROPOSAL
The proposal is to rebuild the outdated site to accommodate a 4-5 storey building of architectural merit. The plans incorporate an extended basement area for The St. Matthias Club while maximising commercial space on the ground floor. Based on the surrounding architecture and successful discussions with planners, the developers believe they can achieve in the region of 10,000 sqft of residential space, enough for at least 9 residential units plus amenity space.
Hackney, and particularly Dalston, has experienced rapid growth over the past couple of years. Spurred by the 2012 Olympics, improved transport links with the arrival of Crossrail and better quality housing stock, more and more businesses have moved into the area. House prices in Hackney have outgrown every other area in the UK with an increase of 939% over the past 20 years. Despite the cooling off in the housing market, prices in Hackney continue to remain buoyant.
Summary of Raise
Purchase Price - £2,800,000
Total Costs - £4,678,100
Final Projected GDV - £8,365,052
Projected Profit on GDV - £35.9%
PRE-PLANNING UPDATE
We are currently working on the pre-planning application with the goal of submitting this within 8 weeks. Some of these documents are available to download in the documents area for this opportunity.
Project summary - Development opportunity in East London
Share price - £5,000
Number of shares issued - 280
Projected return on investment - 85%
Expected completion - Spring 2018
THE PROJECT
Mixed residential and commercial development site in the heart of Hackney
- Potential for 9 residential units
- Potential to double the existing commercial space
- Opportunity to secure and update the home of local St. Matthias Boys Club
THE PROPOSAL
The proposal is to rebuild the outdated site to accommodate a 4-5 storey building of architectural merit. The plans incorporate an extended basement area for The St. Matthias Club while maximising commercial space on the ground floor. Based on the surrounding architecture and successful discussions with planners, the developers believe they can achieve in the region of 10,000 sqft of residential space, enough for at least 9 residential units plus amenity space.
Hackney, and particularly Dalston, has experienced rapid growth over the past couple of years. Spurred by the 2012 Olympics, improved transport links with the arrival of Crossrail and better quality housing stock, more and more businesses have moved into the area. House prices in Hackney have outgrown every other area in the UK with an increase of 939% over the past 20 years. Despite the cooling off in the housing market, prices in Hackney continue to remain buoyant.
Summary of Raise
Purchase Price - £2,800,000
Total Costs - £4,678,100
Final Projected GDV - £8,365,052
Projected Profit on GDV - £35.9%
ABOUT LONDON CENTRAL DEVELOPMENTS
As the development partner of East Eight, London Central Developments (LCD) is a joint venture between Nicole Bremner and seasoned property developer Avi Dodi. Together they develop stunning properties across London that people aspire to live in. Design is at the forefront of LCD’s developments.
Working with carefully selected design partners, LCD creates buildings that are architecturally unique and imposing.
As the development partner of East Eight, London Central Developments (LCD) is a joint venture between Nicole Bremner and seasoned property developer Avi Dodi. Together they develop stunning properties across London that people aspire to live in. Design is at the forefront of LCD’s developments.
Working with carefully selected design partners, LCD creates buildings that are architecturally unique and imposing.
PRE-PLANNING UPDATE
We are currently working on the pre-planning application with the goal of submitting this within 8 weeks. Some of these documents are available to download in the documents area for this opportunity.