66 Court Farm Road, Longwell Green, BS30 9AD
Property Investment Information
Project Summary – 2 no. three bedroom detached 1.5 storey bungalows with garages
Share Price - £1,000
Minimum Raise Amount - £140,000*
Target Raise Amount - £170,000
Number of Shares Issued – 140 -170 shares
Projected Return on Investment (before tax) - 28%
Expected Completion Date - April 2020 (build completion January 2020)
*Developer funds will make up any shortfall from the minimum to maximum raise.
This is a new opportunity to invest in a residential project in Longwell Green, South Gloucestershire.
Planning permission has been granted by South Gloucestershire Council for an additional 2 no. three bedroom detached bungalows with garages (Plots 6 & 7) on an existing development at Court Farm Close. With planning in place, work can commence immediately on the purchase of the property. This opportunity has a projected GDV of £800,000, calculated using agent quotes and recent comparables.
The land will be purchased in a special purpose vehicle (SPV) which will be incorporated specifically for this purpose, Court Farm Road Limited. The SPV is raising £170,000 against a projected return of 28% for investors.
Plots 1 to 5 at Court Farm Close have already been built as part of phase 1 and 2 of the development of which three are being kept by the developers and two being sold (currently under offer at the price expected). Plot 6 and 7 will be phase 3 of the development.
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