Invest in partnership with the developer of twenty-one high specification apartments in the North Devon coastal village of Westward Ho!
North Devon boasts a strong regional tourist economy with six million visitors per year. Prices in this region are forecasted to rise by nearly 40% before 2019 and 22,000 new jobs are set to be created by 2021. Westward Ho! is located at the southern edge of a two-mile stretch of sandy beach known as “The Golden Bay”. It is North Devon’s only Blue Flag beach – the international standard for the best beaches in the world – which it has won for thirteen consecutive years.
This opportunity allows you to co-invest with a highly experienced property developer, The Coyne Group, whom specialises in planning gain and construction projects in the South West. The Coyne Group boasts a track record of 18 completed projects. A new planning application for a site with sea views at the junction of Fosketh Hill and Atlantic Way was presented by the developer in May 2017 and the development of twenty-one apartments was approved, the CIL 106 was rated at zero contribution. Adjusted drawings are currently being put forward to add a sloping roof and a hint of Victorian authenticity. The plans are likely to be fully approved, especially due to the lack of a proven five-year supply of land for local housing.
Investors can participate by providing capital for this UK seaside resort development, with the minimum and maximum investment ranging from £50,000 to £250,000. The total GDV of the development is £6.24M and the developers are looking for private equity of £1.6M to complete the project. Invest now and earn a targeted ROI of £22,230 over 18 months.