1. Joint Venture Investments
  2. Property Portfolio
  3. Felixstowe, Suffolk, IP11
Pending Equity

Property Investment in
Felixstowe, Suffolk, IP11

SPV1028 | 9 Units | Sell For Profit Strategy

More Details Summary

Property Summary

JaeVee has acquired a sea front development located in Felixstowe which is currently a vacant care home.

It benefits from planning consent to be transformed into 6 apartments and 3 new build townhouses on the side of the property along with associated landscaping and external works.

Located in an extremely popular residential area, this development will bring high quality new homes, in an attractive architecturally designed scheme along with housing supply for Felixstowe and East Suffolk Council. The planning application reference number is DC/21/0478/FUL which references the part demolition, alteration and change of use of nursing home to provide 6no. apartments, together with 3no. new build houses.

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Exit Strategy

The current GDV of £5,695,000 is based on sold comparables, details of which can be found on pages 43-44 of the investment memorandum, available to download via the Documents section below. It has also been supported by an appraisal from Fenn Wright Estate Agents.

The proposed exit strategy is to sell the units on the open market.

The development will be registered for Help to Buy so it’s able to target this market.

The property will be marketed with Fenn Wright Estate Agents with the target market being a mixture of owner occupiers and single let landlords.

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Operational Delivery

JaeVee connects experienced main contractors with equity and mezzanine investors by fostering and enabling profitable property development opportunities, whilst providing safeguarding measures to protect your funds.

We focus on the East of England, due to our expertise of the local area. Our head office is also based in the area.

We have completed a number of property developments, including setting records for achieving the highest priced sales in local areas (on a per sq-m basis).

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Financials

Further Information

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Location

Proposed Plans

No proposed plans attached to this project