S T G E O R G E S
9 x Luxury Apartments
£1,400,000 raised for this project
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£1,400,000 raised for this project -
Conversion of a former care home into 2 x 2 bedroom and 7 x 3 bedroom luxury apartments
A Pure Green development, focusing on sustainability. Partnered with established build company Stellify
Incorporates renewable solar energy, battery management, and heat exchange systems
Address: 2-4 Marine Drive, Lytham, FY8 1AU
Gross Development Value (GDV) - £4,180,000
Forecasted Project ROI - 38.6%
Developer
Principal Contractor
19th April 2024 Lytham Update
Proposed Development
About ST GEORGES
Financial Overview:
Investor Funds: £1,400,000
Investor Profit: £473,579
Minimum Investment: £100,000
Investor Project ROI: 33.83% over 18 months
Investor ROI Annualised: 22.55%
Purchase Price: £1,316,000.00
Build Costs: £1,419,168.85
Other Costs: £198,198.21
Debt Finance Cost: £300,000.00
Total Cost: £3,223,367.06
Gross Development Value (GDV): £4,180,526.54
Project Profit: £1,247,159.48
Profit After Finance: £947,159.48
Profit on Cost: 38.57%
Profit on GDV: 31.56%
Project Timeline: 18 months
Project Strategy: We're transforming a former care home into 9 state-of-the-art sustainable apartments, integrating cutting-edge features such as renewable solar energy, advanced battery management, and heat exchange systems, reflecting our commitment to green living.
Partnership Excellence:
Pure Green: Spearheading development and sales, championing eco-friendly living spaces.
Stellify: Our construction ally with 15 years in crafting residential properties, including the finest of super homes.
Property Specifics:
Gross Site Area: 0.39 acres
Existing GIA (Gross Internal Area): 9,354 sqft
Proposed GIA (Gross Internal Area): 11,000 sqft
Units: 9 Luxury Apartments
Refurbishment: Comprehensive and eco-conscious
Planning: Fully Approved
Build Time: 9 months
Sales Time: 9 months
Security and Assurance: Investments are secured with a charge on the property registered and managed by our Security Trustee, ensuring clear and structured security for your funds. Furthermore, Neeraj Takiar, the CEO of Luxury Hub and Pure Green, and Ian Gittins, Managing Director of Stellify, extend personal guarantees to reinforce investor confidence.
Risk Disclaimer: Investments carry risks, and capital is at risk. Returns are not guaranteed. This information is intended solely for high-net-worth and sophisticated investors, as defined by the Financial Conduct Authority. It is exempt from the general restriction in Section 21 of the Financial Services and Markets Act 2000 on the communication of invitations or inducements to engage in investment activity. Always seek independent financial advice before making any investment. Past performance is not indicative of future results.
Current Development
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Developer
Principal Contractor
Trust Green is delighted to partner with Pure Green and Stellify, combining our robust investment acumen with their pioneering sustainability and build expertise. This strategic alliance is founded on a mutual commitment to eco-friendly living and high-end property development, ensuring our projects not only meet but exceed the expectations of the modern eco-conscious investor. Together, we are setting new benchmarks for luxury and sustainability in the UK property market.