Completed Development

Heath House -
Norwich, Norfolk, NR1

Development Background

Heath House was the conversion of a former care home into retirement apartments with 24/7 care onsite. The development also features onsite amenities including a gym, salon, cinema room, sun room, onsite concierge and guest family suite.

Strategy

The strategy was to convert the building and then sell the retirement apartments to over 55’s.

Outcome

Covid-19 caused the over 55 sales retirement market to virtually come to a halt. This is down to concerns from the vulnerable leaving their current residence.

As a result, we adapted the model to be an all-inclusive rental package as the feedback from buyers was that they’d be willing to rent in the current climate.

We’re now renting the apartments on 12 month AST’s so a commercial mortgage has been secured to retain the property and benefit from rental income (whilst we wait for the market to recover).

https://www.whiteandsterling.co.uk/

Further Information

This page has been prepared and published by Heath House

Learn a bit more about how our system works. If you have a question, take a look at our Frequently Asked Questions (FAQs) to see if you can get the answer you're looking for.

Finished Product

This website is operated by the JaeVee Group of Companies. Webpages containing share offers will be hosted by the relevant Group Company that is issuing the shares, as identified on the relevant webpage. Webpages containing mezzanine debt offers will be hosted by Estateducation Ventures Limited.

JaeVee is a trading name used by all companies within the JaeVee Group of Companies, including Estateducation Ventures Ltd. 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 unregulated loan brokerage business that does not entail consumer credit or regulated mortgages. Arrangements by Group Companies to issue their own shares constitute unregulated business pursuant to Article 34 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO).

Information about investments is only available to investors who demonstrate that they qualify as high net worth individual investors or sophisticated investors or otherwise fall within categories of investor who can receive financial promotions from unregulated persons in accordance with the requirements of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (FPO). Property investing carries the risk of losing some or all of the capital invested. JaeVee does not provide investment advice and investors who are in doubt about whether investing is right for them should consider seeking advice from an appropriately qualified professional adviser.

JaeVee © 2023 • All rights reserved.

Heath House - Norwich, Norfolk, NR1