We have a fantastic opportunity to convert a commercial premises in Harrogate which we wish to use as a ‘flagship’ property supporting the establishment of a wider ‘co-living’ property investment business. We would love to speak with anybody who thinks they may be able to help me achieve ambitious goals and quickly scale the wider business to a national presence. We have a Business Proposal Outline for those who are interested.
The current property we have our eye on needs moving on very quickly -we would like to put an offer in as soon a possible, as it will definitely go! We have detailed spreadsheets illuminating a variety of exit options – which we are happy to provide.
We have development teams in place and with suitable experience, having most recently undertaken a 35 bedroom student development with a JV partner (now sadly deceased – therein lies a helluva story!) which we have held and are managing.
Although we are principally seeking a business partner, the current property in question has multiple exit options including planning underway for conversion to 7 flats which could be sold for GDV c.£935k, or held for use as single lets or SA. If it used for the wider business, any investment could be corralled in a project specific SPV with 1st or 2nd charge (dependent on purchase finance options) or invested in the business to enable the purchase and development of more than just this opportunity. Outside that business, we may be happy to assist in packaging it as a deal, providing you with any required range of services from simple sourcing to full development and project management to completion.
We are quite protective of the wider Business Proposal as we think there is a fantastic opportunity to exploit and actively expand the growing ‘co-living’ market. If you seriously think you would like to be involved in a co-living business that could really go places we would really love to talk with you.
