Heath House, Putney Syndicate Deal

  
         
 

Syndicate Overview:

Demolish an existing house and construct a contemporary house finished to a high specification and exceptional finish in Putney, London SW15. Gradebrook is a property company which has been specifically created to exploit the prime South West London property market and in particular, the lack of availability for land to create new large single occupancy prestige homes and exclusive condominiums/gated communities.

Project Description:

Divided over four floors including lower ground, the house offers an impressive triple aspect master suite (at first floor) with terrace, overlooking the Heath, four more en suite double bedrooms, two principal ground floor reception rooms, generous kitchen/family room, a further lower ground floor en suite bedroom/staff flat, home cinema, games room and utility area plus storage.

Architect: Concept8 – Pine Grove, Weybridge, Surry. KT13 9BD
Project Manager: Gradebrook Developments Ltd.
Estate Agent: Savills
Solicitor: Birkett Long, 1 Legg Street, Chelmsford. CM1 1JS
Accountants: Clarkson Hyde – 70 Conduit Street, Regents Street,
LONDON. W1S 2GF
Bankers: Barclays Bank
Valuer: Savills – 20 Grosvenor Hill LONDON. W1K 3HQ
Opportunity Summary and Key Features:
Existing address: Heath House, Portsmouth Road, Putney Heath,
London. SW15.
Project description: Purchase, demolish and rebuild of property in
contemporary style, finished to a high specification.
Total Cost: £3.695 million.
Investors return: 8% annual payment in arrears, 20% bonus on
completion of project and 15% share, pro rata, on all profit above
£850,000.
Timescale : Start date is May 2008 / end date is estimated at October 2009.
Minimum investment: £25,000. Total investment - £550,000.
Security: The project will be secured on the property and assets of
the developer
Investor Returns:
1. 8% annual return for duration of the project (This is paid annually in arrears).
2. 20% bonus at completion of the project (The initial investment is also returned on completion).
3. Bonus of 15% of the net profit over £850,000 to be divided pro rata among the investor pool.
     
Based on £25,000 investment 8% = £3,000
  20% = £5,000
  Bonus = £3,098
  Total = £11,098 (44% return)

Taxation Considerations:

Each trading entity will have normal Corporate Profit Liabilities and investors will need to deal with revenue (Usually via their Accountant) when returns are received.

Disclaimer:

The syndicates are not governed by FSA (Financial Services Authority) regulations and should be seen as a higher risk investment as there is no recourse to the Financial Ombudsman etc. If the Investor is not comfortable with the risks involved in this, we would urge a more mainstream property investment option. If in any doubt, please take all details to your own professional advisors.

  

A cost analysis is available to download by clicking here.

An overview of a Syndicate and previous property syndicates are available here.

A Site Plan of the Syndicate is available to download.

 

  
         
about us  Introducers  off plan  property investment deals  tax  mortgages  seminars  portfolio building  contact us  disclaimer  terms and conditions