11 Garages, Green Lane Estate, Pudding Norton
Planning Gain 'Learn Whilst Investing' Project
11 Garages, Green Lane Estate, Pudding Norton
£32,600
of £33k
86
Current Investors
98.79% Funded
0 hour left to fund
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'LEARN WHILST INVESTING' PLANNING GAIN AND UPLIFT REMOVAL OPPORTUNITY
The funds raised will buy the site of 11
x garages & fund the planning process. The exit plan is to sell as a
development site with planning approval. The expected return on investment will
be achieved when the sales completes.THE OPPORTUNITY
Project Summary - Planning Project. 2 x new build,3 bedroom semi- detached houses
Share Price - £100
Raise Amount - £33,000
Number of Shares Issued - 330
Projected Return on Investment - 51.8%*
Expected Completion - 6-8 Months
Notes:
*This is a high risk, high return project. If planning is not obtained, then investors may lose their whole investment. The SPV that investors buy shares in, will own the 11 garages. If planning is refused, Garages will be sold on the open market.
Once planning Is approved, GCP will approach the council to remove the uplift clause. If sold or built the uplift would be 50% above total cost. However as this will automatically expire in 2021, GCP will approach the council to remove the condition for a fee. The uplift clause gives North Norfolk District Council a benefit of 50% of any uplift if the site is developed into residential or sold with planning permission. The uplift is calculated after "all development costs". This clause expires in 2021.
THE PROJECT
Are you interested in investing whilst learning about how to gain planning permission? This project is to obtain planning consent for two semi-detached houses on a plot of land currently housing garages.
This project also has a lead investor, John Corey. The project is designed to help the investors (shareholders) learn as the project progresses. John will be driving the communication to the investors in the project so they can maximise what they can learn from this specific project about planning gain as an investment strategy.
To learn about planning gains, the developer and lead investor propose the following. This will be for investors only.
1. Webinar at the start of the project
2. Weekly email updates to investors regarding progress
3. Webinar on planning outcome, including the learning and hurdles
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