New Build - Bude, Cornwall
Ground up development, New Build, Residential, Planning approved, Value-Add
Equity: Return 2.8x
High level summary
Discover a lucrative real estate investment opportunity in the South West & Wales region with an expected exit value of £14,500,000 by May 2026. This new build project in Bude, Cornwall comprises 30 units, including 21 detached 3 and 4-bed houses and 9 affordable units, crafted by an established residential developer. The deal features a confirmed GDV by a local valuer and planning approval for C3 dwellinghouses with a total development cost of £11,891,807 and an 18% project profit margin, the investment presents a robust return potential. Leverage appears reasonable with a 90.5% LTC and 74.2% LTV, minimizing risk while optimizing funding. Investors should further investigate the commitment level of the deal provider and personal guarantee offers. The project is well-planned with a main contract in place, ensuring a smooth drawdown by September 2024. Joint venture opportunities are welcome, enhancing collaborative investment prospects.
Next steps
1. Sign In for Free
Sign in to see more about this investment opportunity. You'll see project costs, strategy, build stages, financing requirement and more.
2. Engage with the Sponsor
Next sign an electronic NDA to see more confidential information including location, the developer and other project details.
3. Select Service
Finally, choose from one of our services. Invest directly and do your own due diligence, or let our Local Partners do the heavy-lifting and guide you from start to finish.
Self Managed
Handle the investment yourself.
Enter into contact directly with the Deal Provider. Perform own due diligence and monitoring.
Recommended for investors with in-house resources.
Managed Service
Get assigned a Local Partner to act as your advisor.
Advised pre-investment through to deal completion. Receive regular updates and monitoring.
Effortless independent advice from a professional aligned with your interests.
4. Decision & Investment
Regardless of the service you choose, we'll support you through to investment. You'll work directly with the Deal sponsor and your investment will be into an SPV that holds all and only the project assets.
5. Exit
Projects typically last 18 months on average. On exit the project is either sold or refinanced. Capital and interest or profit is returned to you and the other investors.
