Site address: 79-83 Kenton Road, Harrow, HA3 0AH
Scheme : The development entails the demolition of existing dwelling 3 houses in a row and erection of a part three part four storey building which comprises 39 self contained flats with associated bin stores, fencing, landscaping and basement car and cycle parking spaces.
Target Project Length: 18 months.
Projected Net Fixed Return After Corporation Tax:
24.3% per annum
Minimum investment: £10,000
Projected GDV: £16,118,297
Help to Buy Scheme: Will be available
Shares: Investors who invest in the property will be issued with shares in a Special
Purpose Vehicle (SPV), LandDevelop
Harrow Ltd which will be formed and enters into a loan agreement with Sunline Developments Ltd. The loan is ranked in 3rd place behind senior and mezzanine lenders.
Sensitivity Analysis: The project demonstrates the ability to repay our investors the
principal and the returns, after considering GDV and the project length variance.
For example, if the project were
to be delivered at 24 months instead of the expected 18 months and also the expected GDV dropped by 10%, it indicates the project is still feasible.
For more information, please refer to the full presentation which can be found in the 'Supporting Documents' below.