Capital is at risk and returns are not guaranteed.
THE OPPORTUNITY Project Summary - Former
B1 commercial to six C3 flats Share Price - £500 Raise Amount - £40,000 up to £80,000 Number of Shares Issued - 80 up to 160 Projected Return on Investment - 35% Expected Completion Date – May 2018 THE PROJECT
development has now got to exchange status and is presented over three floors
with a possible further development into the basement. From the current usage
of B1 to property will benefit from permitted development into C3 usage of six,
one bedroom apartments. Building regulations will be obtained and immediate
works can commence on the property.
covers 320Sqm / 3329Sqft across three floors and a basement and shall now be
divided into two apartments per floor totalling six luxury one bedroom
NOTE: Magnus Developments have reviewed the site and have
managed to arrange the basement to provide a further two apartments allowing
for a more substantial security of the property raising the site units from six
one bedroom apartments to eight luxury one bedroom apartments. The £720,000 GDV
will be made up of the eight luxury one bedroom apartments
ABOUT THE DEVELOPERS MAGNUS DEVELOPMENTS
Greg Pope (above) along with his Wife Abigail founded the Magnus Group
back in 2015 after personally developing and amassing a property portfolio of
their own. The key was to develop property along with providing property
services for other like minded people who may be seasoned professionals and
someone who is new to the property market.
The estate agency side of the
business is flourishing and is profitable with strong market presence in the
northwest area of the UK.
The company has in 2017 just founded a financial arm of
the company which offers a mortgage brokerage service to its clients which has
been co-founded by Greg’s brother Ellis who is a FCA regulated mortgage and
The three partners now head the development company with a
handful of staff to deal with the support needs of the group.