On behalf of our client, we are seeking investment to fund the acquisition of a 26,000 sq. ft. office building to convert in to 54 apartments using Permitted Development Rights.

  • Located in Bristol city centre.
  • Exit is to sell the units and the freehold with an estimated GDV of £8.5m.
  • There is also scope to add additional floors to the building, which would increase the GDV and profit of the scheme significantly, subject to planning.
  • A JV partnership with a 50/50 split on the profits is preferred, with the investor receiving a priority return. • Investment required: – Initial purchase equity of £2.2m. – Equity requirement reduces to £1.2m after 3 months – once development debt in place.

 

Full details available on request