General Information

  • IRR%: 8
  • CoC%: 8
  • Minimum: 0 GBP
  • Type: -
  • Asset: -
  • Investors: 462
  • Start Date: 2020-05-07
  • End Date: -
  • Target: 369k GBP
  • Completed: 100%

Additional Information

  • High West Street
  • DT1 1UT
  • Dorchester
  • Dorchester
  • Great Britain

This project is a retained serviced bridging loan for the conversion of a town centre shop and upper parts to ground floor commercial and 3 residential units in Dorchester Town Centre. The borrower owns the property and has paused the conversion works becuase of 'lock down' and is gearing himself up to reopen the site week commencing 18th May 2020. CrowdProperty has agreed a max 12 month loan facility at an interest rate to the lenders of 8% per annum paid monthly. Dorchester is situated in South Dorset mid way between Poole and Bridport and 7 miles North of Weymouth. Road access to the town is via the A35 Southampton – Honiton road, and A37 Yeovil to Dorchester Road. Dorchester has a population of approx. 19,060 occupants (2011). The town boasts 2 railway stations; 1st is mainline to Bournemouth (50 mins) and towns to the East, 2nd serves mainline to Bristol (35 mins). The property is a former Estate Agent's office with upper parts previously used as offices. It is listed Grade 2 and is located within the towns Conservation Area forming part of the historic streetscape making up part of centre of the busy town . The vicinity is a mix of commercial and residential. It comprises a 5 storey – including basement – mid-terraced building of traditional construction together with 3 car parking spaces. Planning consent no. WD/D/19/000235 was granted by Dorset Council for the conversion of the ground Floor to a commercial unit together with residential accommodation to the 1st, 2nd and 3rd floors to provide 3 self contained apartments. The accommodation will be arranged as follows:- 1st floor flat No. 1 – 1 bed, kitchen/living room and separate bathroom – 36.41 sq m 2nd and 3rd floor flat 2 – 2 beds, kitchen/living room bathroom and separate shower room – 57.8 sq m Maisonette to rear – Ground floor bedroom with ensuite ; 1st floor kitchen/living room – 32.7 sq m Commercial offices – Ground floor offices with kitchen/wash area and basement storage – 31.5 sq m

Project offered by

CrowdProperty

Earn 8%p.a. first-charge secured returns, tax-free through the CrowdProperty ISA.

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