No 82 The Unthank was a conversion of a former hotel (C1 use class) into a block of 19 serviced apartments with an onsite concierge and gym.
The strategy was to convert the building into serviced apartments, establish a trading history and then retain via a commercial mortgage.
No 82 The Unthank has now been open since March 2018 so benefits from 1.5 years trading history.
It generates an average annual gross income of £360,000 with the exit strategy being disposing of the asset and trading business once it possesses 5 years trading history.
JaeVee is a trading name of Estateducation Ventures Ltd, 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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