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