Portfolio Details

Project information

Category: Commercial to Residential

Purchase Price: £110,000

Refurbishment cost: £192,000

Amount invested: £310,000–00 (the additional £8k consisted of solicitor fees and setup costs for thedevelopment finance)

Sale amount: £N/A–valued at £450,000 post completion and refinanced to pull out original investment and pay back bank.

Profit: £140,000 although this is held as a long term investment

114 Denmark Road, Lowestoft.

This was an empty public house which we purchased subject to planning. We obtained planning for 5 self contained flats, carried out the full development from commercial to residential and then exited this strategy by leasing the units to the council for their social housing needs.We utilized our own funds to purchase the pub and development finance from Lloyds for the works