THE OPPORTUNITY Project Summary – Development
of six flats Share Price - £1,000 Raise Amount - £100,000 - 150,000 Number of Shares Issued – 100 - 150 Projected Return on Investment – 30% Expected Completion Date - August 2018 The minimum target for this project is set at £100,000. The remaining amount to the £150,000 will be made up by the fundraiser.
THE PROJECT Works will commence on the construction of this project in October 2017 and are forecast to be completed in August 2018. In order to minimise risk, the contractor has been appointed on a design and build basis.
Investors will be repaid from the sale or refinance of the completed properties. Finance is already in place to cover the full cost of the works.The market is very strong in Hythe and we expect to pre-sell all the units before completion. However, the sale of only one apartment will be required, along with the refinance of the remaining five apartments on completion, in order to generate sufficient funds to fully repay investors.
The site has planning permission for construction of a contemporary style building containing six apartments totaling 4,915 sq ft. Circulation and common areas total 1,057 sq ft, bringing the total floor space to 5,971 sq ft. The building was designed by leading Hythe based architect, Guy Hollaway.
The planning permission documents can be viewed on the Shepway Council website, application reference Y16/0622/SH
Further details are available in the Investment Plan under the Documents Tab.
ABOUT THE DEVELOPERS
EVAN MAINDONALD, Founder and Managing
Evan founded MELT Homes in 2002
and has grown the company from undertaking small refurbishment and development
projects to the larger projects it is undertaking today.
He has hands on involvement with the
Company’s development projects and is responsible for overall company
management and direction.
has an MBA from IMD in Lausanne and a BSc in Computer Science from Auckland
RICHARD KEY, Commercial Manager
Richard is responsible for the company’s
operations in Gloucestershire, including management of the investment portfolio
and projects undertaken in that part of the country.
He takes care of setting up and managing
relationships with key professionals and suppliers in relation to our property
projects more generally.
Richard has a BSc
Maths and Statistics from the University of Kent
GIOVANNI SCIALO, Marketing Manager
Giovanni Scialo (Gio) has
a background in Marketing and design. His experience covers a number of
different industries and disciplines, but he possesses a particular passion for
architecture and interior design.
Gio takes care of all aspects of property
marketing, including specification and design of completed properties and is
also responsible for running our property marketing projects in Kent.
Gio has a BA (Hons) with First Class Honours
in Interior Architecture from the University of Kent.Margherita
MARGHERITA CREMA, Finance Manager
Margherita has worked in finance and
related roles in the UK and Italy since 2007.
She provides key administrative and
finance support to the rest of the team, dealing with HR matters, supplier
payments and other key matters.
Margherita has a BA
in Political Science and International Relations from the University of Padua
in Italy and
is currently studying in the process of
an AAT3 Foundation Certificate in