1. Joint Venture Investments
  2. Property Portfolio
  3. Norwich, Norfolk, NR5
Completed Development

Velocity Student, Norwich -
Norwich, Norfolk, NR5

Velocity Student, Norwich
JaeVee

In partnership with

estateducation

Development Background

Velocity Student is a purpose built student accommodation (PBSA). The project involved the conversion of the former public house and ground up development in the car park and land to the rear of the site.

Strategy

The strategy was to obtain planning permission to change of use into Sui Generis (Student Halls). Thereafter rent out the rooms on AST’s and retain via a commercial mortgage.

Outcome

Planning was subsequently granted for a 34 ensuite bed large scale PBSA with 5 shared living spaces and landscaped gardens.

All 34 rooms are let via AST’s with a commercial mortgage in place.

https://www.velocitystudent.co.uk/

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JaeVee is a trading name of Estateducation Ventures Ltd (FRN797322), which is an Appointed Representative of Prosper Capital LLP, which is authorised and regulated by the Financial Conduct Authority (FCA) (FRN453007).

Estateducation Ventures Ltd is registered in England & Wales with company number 10172481. The registered office of the company is Studio 9 Netherconesford, 93-95 King Street, Norwich, NR1 1PW.

Estateducation Ventures Ltd (10172481) undertakes both regulated and unregulated business. Business activities described in the ‘Invest’ section of this website are considered regulated business. All other sections are considered unregulated. Note that senior debt and mezzanine finance is arranged by Teal Finance Ltd (registered in England and Wales no. 11305739), which is authorised and regulated by the Financial Conduct Authority (No. 923626).

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