What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
GDV£7,500,000
Profit£1,133,000
ROCE79%
Purchase £ £27,375
Property description
Strategy: Development
Off-Market 25 Unit Development Opportunity in Norfolk
A large drive-thru food establishment with scope for residential or commercial redevelopment. Pre-app currently ongoing for conversion to a Wendy’s restaurant with E-charging parking spaces.
10-Acre Site – Brown Belt Land
• Will be sold in an SPV, saving you 0.5% stamp duty – saving you thousands.
• Wendy’s have agreed to pay the freeholder up to £4M for a 10-year lease, should you wish to pursue this commercial route.
• Alternatively, you could convert the 10-acre site (including the existing building) into a residential development with up to 25 dwellings.
• This is brown belt, so planning would be easier to obtain, and there has already been a similar nearby scheme approved.
Vendor is prepared to take the lot from its current state to full renovation but would expect price increases at different stages of development.
- When planning is obtained, he expects the land to fetch £1.2M+.
- When development is complete, he expects the lot to be worth in the region of £7.5M–£10M.
Sourced reference: 453515351354349
Due diligence
No information supplied.
Location
Disclaimer
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.
Key financials
GDV£7,500,000
Profit£1,133,000
ROCE79%
Purchase £ £27,375
Sales Agent
Marcello Cipriani
Sol Cipriani Limited
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network