Development Profit: £465,000
The North East corner of London has been the scene of possibly the most impressive and rapid regional redevelopments witnessed in any city worldwide. It is now the epicentre of the UK’s digital sector and home to the new generation of online innovators and entrepreneurs.
We obtained this site in 2011 with full planning permission already in place. However, following a comprehensive study of the plans it was clear that the floor plates should be reconfigured in order to add greater appeal to end users, thereby making the sale quicker following refurb.
The building was bought for (what is now a modest) £990,000. A further £628,000 construction costs created a multi-use asset featuring commercial retail space, office space and two floors of prime residential apartments, including two penthouses with balconies and expansive roof terraces with commanding views over London.
The site was our first venture in East London but the profit whilst not huge in monetary terms – just under £500,000 certainly was by way of percentage returned.
Raise Details for
|Total Cost||1.8 million|
|Senior Debt||1.2 million|
|Equity Capital Raise||£600,000|
Working with Store House London has been a great and profitable experience. The Margate project was presented by Jamie and it was a very easy decision to invest. I invested £125,000 and enjoyed a return of 15% per annum.
The Spitalfield project was something close to my heart as I was brought up in the area. Having known Jamie for many years I knew my investment would be safe. So it proved and a healthy return of 15% was realised upon completion
As an investor, I’m all about the return. Did my DD on Store House and was satisfied they would complete on time and to the promised standard. Happy and now a regular investor having seen returns on average of 14.5%
Very professional company. I admit to being sceptical at first but have now invested in two Store House projects. £85,000 invested with a 12.5% ROI