ONE62, Hythe, Kent

Land to the rear of 162 High St, Hythe, Kent

£51,000
of £150k
8
Current Investors
34.00% Funded
23 days left to fund
REGISTER TO INVEST

Already have an account?

LOG IN TO INVEST

Capital is at risk and returns are not guaranteed.
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 Managin
g Director



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.

Evan has an MBA from IMD in Lausanne and a BSc in Computer Science from Auckland University

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 in 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 Crema – Finance Manager

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 completing an AAT3 Foundation Certificate in Accounting.

Land to the rear of 162 High St, Hythe, Kent