6 Rushton Road, Northamptonshire, NN14 6HF
Rushton Road, Rothwell
6 Rushton Road, Northamptonshire, NN14 6HF
£39,800
of £20k
50
Current Investors
199.00% Funded
0 hour left to fund
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THE OPPORTUNITY
Project Summary – Planning gain
Project Summary – Planning gain
Share
Price - £100
Raise
Amount - £20,000 Min - £40,000 Max
Number
of Shares Issued
– 200 - 400
Projected
Return on
Investment – 50%*
Expected
Completion timescale – 4 to 6 months
*This is a high risk, potential high return project. If initial planning is not obtained, we will return to the Local Planning Authority considering their reasons for refusal. If overall planning is not granted after re-submission, the option on the site will not be exercised and investors will lose their whole investment.
THE PROJECT
This project is to raise funds for the remaining costs associated with a planning application to convert two existing commercial factories (B2) and the addition of a two storey new build to provide 29 apartments. The site is legally secured with an option agreement. The full planning application has been submitted to Kettering Borough Council, planning reference no. KET/2017/0601.
A pre-application undertaken in May 2017 has received an advice letter stating it is likely the proposal would receive a “recommendation for approval”.
This project is to raise funds for the remaining costs associated with a planning application to convert two existing commercial factories (B2) and the addition of a two storey new build to provide 29 apartments. The site is legally secured with an option agreement. The full planning application has been submitted to Kettering Borough Council, planning reference no. KET/2017/0601.
A pre-application undertaken in May 2017 has received an advice letter stating it is likely the proposal would receive a “recommendation for approval”.
The proposed exit strategy is to sell the site with full planning permission. This project also offers an 'invest whilst learning' element. The developers will communicate to shareholders via two webinars at the start and end of the full planning process. In addition, they will provide weekly updates on the project’s progress
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