Refurbishment Project - North London

Description of the Deal:

-Direct to Vendor Opportunity - Secured Of Market through our internal marketing campaign.

-1 bedroom flat in North-West London in need of a simple refurbishment.

-Long Lease already in place.

Joint Venture Opportunity Available:

This is an amazing opportunity to invest with AP Property Portfolios for a 50/50 share in the profits. We have already done a development in the area and have established a strong power team of professionals who we have an ongoing relationship with.

What are we working on? 

We have secured a 1x bedroom flat in Edgware, well below market value in need of a simple refurbishment. This should be a quick project and in our goldmine area. AP Property will be utilising our existing power team to get this project completed.

What is the plan?

1. Due diligence - Survey to be completed and comparables to be provided.

2. Establish an SPV company between Joint Venture Partners and write up legal agreements.

3. Purchase the property - Aiming for exchange with a delayed completion.

4. Commence on site and begin the full back to brick refurbishment.

5. Sell the property using our in house team.

6. Capital loans paid back to Investors as a priority.

7. Profits split 50/50 between both Joint Venture Partners.

This is an opportunity to Invest in a project, sourced and managed by AP Property for a share of the profits.

The Numbers Breakdown

End Value - £300,000

Refurb - £10,000- 15,000

Stamp Duty - £8,500

Legal Fees - £3000

Purchase Price £215,000

Profit - £55,000+ (Split between partners)

Exit Options:

Exit Option A: Sell the property

Exit Option B: Refinance the property & run this as an Airbnb or Buy-to-Let with the idea of selling at a later date.

Holding costs and finance is not included within the breakdown as this will depend on the structure of the deal and individual circumstances.

If you would like to register interest in this property, please send your proof of funds to alex@approperty.uk and we will be in touch. There will be a buyers fee to secure the property and take it off market.