Project summary - Development opportunity in South
Kensington, London Raise Total - £600,000
Share price - £500
Number of shares issued - 1200
Projected return on investment – 24%
Expected completion - Spring 2017
flat sits in a beautiful Victorian mansion block, distinguished by grand staircases, original
floor tiles and stunning stained glass detail, viewable from the
street. Originally owned by the French Embassy, it is walking distance from all
that this lovely area has to offer including schools and the French Lycée,
boutique shops, cafes and good transport links.
Complete refurbishment of shabby, outdated flat to high-end, luxury
Spacious, 3-level, 4-bed flat with planning granted to raise the roof
& adapt loft into fifth bedroom with ensuite
Extended lease application successful - to 199 years
Works will commence in November and are expected to be
complete by April 2017. The CGIs have been completed and it is now listed with
Foxtons and Faron Suturia offplan at £4.7m.
The process from development through to disposal will be
project managed by our teams and investors will have access to the project
management system to track progress, financials and full documents.
Investors will be allocated shares in the special purpose
vehicle, 36C Harrington
Gardens Ltd, which owns the property.
Each equity share will receive 50% of after tax profits upon
the completion of the sales of the project. Summary of Financials Purchase Price - £2,050,000
Total Costs - £3,243,036 Final Projected GDV - £4,431,840 Projected Profit on GDV - £20.7%
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. LCD’s strength is maximising the
development potential of a site. Nicole and Avi enjoy the challenge of a
property with planning issues, working together with planners to create
residential and commercial developments that maximise usage and enhance the