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

SPV1028 - Project Status:
Pending Construction

Felixstowe, Suffolk, IP11
9 Units | Sell For Profit Strategy

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.

Read more

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.

Read more

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).

Read more


Further Information

This page has been prepared and published by SPV1028

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.

How do we mitigate risk?


Proposed Plans

No proposed plans attached to this project