Project Summary - Development opportunity in Warwick Square, Pimlico, London
Share Price - £1,000 Total Raise - £205,000 to £420,000*
Number of Shares Issued - 205 to 420
Projected Return on Investment - 40%
Expected Completion Date - August 2017 to February 2018 - Subject to Sale
*Please note that this project will go ahead when the minimum raise total has been reached.
To redevelop this apartment to bring out its real potential with contemporary and flattering design. To add more value by managing a lease extension as well. THE PROPOSAL Phase 1:
Purchase within 4-6 weeks from March 2017. Phase 2:
Serve section 42 notice immediately once exchanged as part of exchange phase -
for lease extension. Start full refurbishment works including setup as 2 bed from 1 bed.
Both in a time-frame of 3-4 months. Phase 3:
Sell on the market as a 2 bed with 143 years lease (standard term of Leases are 125 years)
Phase 4: Sales marketing to start by July 2017. Priced at £1400 p/sqft.
ABOUT THE DEVELOPER - TINO PIELSTICKER
Tino has a young family, is a philanthropist, and owns a company called Lifestyle-Lets & Lease Ltd. He is very experienced in the property and tourism markets, having been involved in both for more than 25 years. Tino's main focus for property is Central London and has a proven track record of successful projects. Tino has also managed a successful raise through crowdfunding for a his Mayfair project; the project that he used to test this marketplace. This project was concluded on time and on budget.
Tino has 15 years experience focusing on London niche rental markets such as corporate lets, tourism, medical travel and other premium lets. He is currently managing a portfolio of more than 100 properties. About Lifestyle-Lets & Lease Ltd
Incorporated in February 2010 this innovative company has enjoyed yearly steady and profitable growth. The team of 10 includes property experts, operations, asset & development management. All of these functions are based out of their Mayfair office.
Their current portfolio of property and managed assets of owned or leased properties values at over £40M.