General Information

  • IRR%: 8
  • CoC%: 8
  • Minimum: 0 GBP
  • Type: -
  • Asset: -
  • Investors: 339
  • Start Date: 2019-11-09
  • End Date: -
  • Target: 591k GBP
  • Completed: 100%

Additional Information

  • Land at 298 Soundwell Road
  • BS15 1PE
  • Bristol
  • Bristol
  • Great Britain

This project is a retained interest loan to provide secured debt funding on the purchase of a former car sales site with planning permission to construct 20 residential units. Lenders will receive 8% per annum interest equivalent and this will be paid monthly. The loan is for a max term of 12 months, minimum term 6 months. The site is situated in Bristol the capital of the South West and one of the UK’s key commercial and financial centres. The city benefits from excellent road communications being strategically located at the intersection of the M4 / M5 motorways, providing good road access to London, South Wales and the Midlands. Bristol is served by two railway stations, Temple Meads (City Centre) and Bristol Parkway (North Bristol). Bristol has an international airport which offers flights to major cities in UK. the population of Bristol is approx 459,300. The site is located on Soundwell Road in the Kingswood area of Bristol and approximately 4.5 miles to the east of Bristol city centre. The property is located in a residential area with associated community and commercial uses such as the Kingswood leisure center. The site which measures approx .41 acres comprises a former car repair/MOT depot, an area of hard-standing and two dilapidated buildings which provided an administrative sales office and workshop. Planning consent PK17/0704/F has been granted by the South Gloucestershire Council for the demolition of the car sales buildings and erection of 20 no. dwellings and associated works. The site falls partly within Bristol Council's jurisdiction and the 2 planning authorities have collaborated to bring this site forward. The S106 Agreement has been signed and this has triggered the necessity for the borrower to now complete the purchase of the site. The new 20 dwellings will comprise: 6 semi-detached 4 bedroom house 4 semi-detached 3 bedroom houses 1 semi-detached 2 bedroom house 6 x 2 bed apartments 3 x 1 bed apartments Total size of the new development is 17,981 sq ft

Project offered by

CrowdProperty

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

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