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

Property Investment in
Felixstowe, Suffolk, IP11

SPV1029 | 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 9 apartments 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/21/4071/FUL which references the alterations and change of use of nursing home to provide 9no. apartments.

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Exit Strategy

The current GDV of £3,550,000 is based on sold comparables and 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. As a property developer and house builder, we are focused on developing brownfield sites into sustainable residential developments throughout East Anglia, in-line with ESG. Our ethos is to deliver bespoke homes based on creating an unrivalled lifestyle. Our portfolio of diverse projects include large scale residential schemes of new build apartments and houses, restoration and refurbishment of historical buildings often listed by English Heritage and other mixed use schemes.

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