Development Profit: £1,350,000
Purchased in March 2018 for a total just under £3,5Million including professional fees this impressive building on Margate’s seafront was in need of a great deal of attention. However, local knowledge and intensive due diligence gave us and the developer confidence the target GDV could be achieved, and so it proved.
Margate has seen a resurgence over the last ten years, thanks in part to the promotion of the town by contemporary artist Tracey Emin. Ms Emin’s work may well divide opinion but her commitment to her home town cannot be argued, she has done wonders for Margate. Establishing the town as a major hub for aspiring young artists and in doing so raising its profile across the UK and indeed the world.
Raise Details for
|Building purchase||3.5 million|
|Conversion costs||1.17 million|
|Total cost||4.65 million|
|Senior debt||3.25 million|
|Equity capital raise||1.4 million|
I first invested in Riverside Place after a long time of looking for opportunities in the London property market. It has been a very valuable relationship, with me being redeemed in full from my investment last month. I have particularly liked the fact that I was informed of progress onsite throughout my investment term. I feel that Accumulate has a good eye for a deal and so I didn’t hesitate to reinvest in their Cheyne Walk project in Chelsea. I have full confidence that my money is in good hands with Accumulate Capital.
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
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.
I have complete confidence that Accumulate sources locations for development that display clear future growth potential. With my personal experience of debt or equity investments, I always insist on being absolutely sure that the numbers stack up before committing my capital and Accumulate has shown consistently that this is the case with all their development projects. Accumulate operates with complete transparency and I am able to easily monitor my investments with them by logging on to my personal account via their portal. From here I can book site tours or view on-site videos so that I really feel I am fully engaged with my investments at all times. I am a very satisfied investor.