Plot 3, Love Lane, L3 for sale

Land with planning for a 116 unit apartment block.

▪ Purchase price: £2,320,000 (£20,000 per unit)
▪ GDV: £30,110,000
▪ Purchase costs: £725,500
▪ Profit once sold: £6,790,900 (23%)
▪ ROCE: 31%
▪ Refurb costs: £19,440,000

▪ Fee: £40,000
▪ SDLT: £105,500

Based on build cost of average £160k per unit - £18'560'000 +/- contingency

Expected sales:
Apartment Type Count Est. Price Total Value
1P 1B (small) 2 £190,000 £380,000
2P 1B 38 £210,000 £7,980,000
3P 2B 46 £275,000 £12,650,000
4P 2B 28 £300,000 £8,400,000
5P 3B 2 £350,000 £700,000
Total GDV 116 £30,110,000

Please allow for building contingency and market fluctuations on sales prices

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.