New Build Homes in the UK, Limited Investment Opportunity
A prime-location development of 13 Architect Designed Executive Homes – Located within 3 minutes of the M606 Motorway, providing access to all North of England Employment Centres and Amenities. A sloping site with open views to the rear – the majority of the homes – are split level to take advantage of the uninterrupted views to the rear of the site. With a diverse mix of properties from small mews houses to 4 bed detached houses.
- Full planning permission in place and build contract in place on a fixed price – fixed term basis.
- Single Purpose Vehicle set up, by leading Manchester law firm, exclusively to buy and develop the site.
- Investors purchase shares in the SPV; that owns the site.
- Investment monies sent to leading Manchester law firm and released in stages against Architect certificates.
- Once the last unit has been sold; the law firm dissolves the SPV and returns clients’ original investment monies first and then.
- Profits are split 75% to investors (on a pro-rata basis) and 25% to developer.
- Marketing and sales of the individual units will commence immediately.
- Expected return to investors over 20% and is expected within 1 year.
- The developer has a track record of success of previous projects.
[/list]Fairway View Development