Project Summary - Development comprising four luxury townhouses in Hampstead, London Share Price - £2,000 Raise Amount - £1 Million - £2 Million Number of Shares Issued - 500 - 1,000 Projected Return on Investment - 50% Expected Completion Date - October 2018
Note: This project will go ahead when the minimum amount has been reached. THE PROJECT
This is a development comprising of four luxury
townhouses in Hampstead.
The developers, East Eight and London Central Developments have a contract to develop the
freehold site, which is owned by a charity.
They will fund the development of the four
residential units and in return we have a contract for sale of two units (total
approximately 6000 sqft Net
Planning permission has been granted by
Barnet Council to demolish the existing buildings and construct 4 x 4 bedroom 3
storey new homes each with basement rooms, roof terraces at the rear and two
The site consists of a main two storey
building with a small basement, and single storey outbuildings along its
boundary with the rear gardens of houses on Finchley Road. The buildings are in
a poor state of disrepair and have been vacant for a number of years. The last
lawful use of the site was for the purposes of a school. The surrounding area
is entirely residential in character.
Planning permission has been granted by Barnet Council to demolish the existing buildings and construct 4 x 4 bedroom 3 storey new homes each with basement rooms, roof terraces at the rear and two parking spaces. Full details of the planning application can be found HERE Furthermore, the planning decision is available for download under the 'documents' section.
ABOUT THE DEVELOPERS
Set up by Nicole Bremner in 2012, East Eight is a high-end investment management and property development company initially focused on the niche area around E8. Nicole’s first major London development was a dilapidated 4000sqft vicarage in De Beauvoir and she has since developed numerous sites in the area.
East Eight now invests and develops sites across London, however E8 still remains Nicole’s favoured area.
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 local area.