INVESTMENT OVERVIEW
Development Profit: £465,000
£465,000
Enquire
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.
PROJECT DETAILS
Raise Details for
Hackney Road
project COSTS
| Building Purchase | £990,000 |
| Conversion Costs | £628,000 |
| Total Cost | 1.8 million |
RAISE DETAILS
| Senior Debt | 1.2 million |
| Equity Capital Raise | £600,000 |
project return
Target GDV
2.25 million
Project Profits
£465,959
