Development Profit: £1,500,000
Purchased in December 2014 at a cost just short of £12.5Million this previously abandoned office block is located on Poland Street in the heart of London’s thriving Soho district.
The building itself is a beautiful example of mid-20th-century architecture which the developer converted into just nine ultra-luxury apartments including a stunning penthouse with 360-degree views over central London, the River Thames and beyond.
The project cost a little over £3million to complete and delivered a profit of £1,538, 429.
Raise Details for
|Building purchase||12.5 million|
|Conversion costs||3 million|
|Total cost||15.5 million|
|Senior debt||10.1 million|
|Equity capital raise||5.4 million|
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
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
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%