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Kings Mill Development Phase 1

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An opportunity to invest in the development of a stylish collection of new homes consisting of 47x, 2 and 3 bed houses and 104x, 1 and 2 bed flats.

This significant development, by Prosperity Investments and Developments Limited, will bring much needed housing stock to meet the demand from first time buyers as well as from the rental market. The development will be carried out in four phases and a proportion of the properties from each phase has been pre-purchased by Propserity Group to be sold-on to investment buyers.

We are raising equity for the purchase of the site (Subject To Planning) in tranches linked to each Phase. This first Phase will provide 13x, 2 bed houses and 12x, 3 bed houses during the first 12 months of the build program. The 2 bed houses are all pre-sold to Prosperity Group and the 3 beds will be sold off-plan to local buyers.

The developer has secured the site and is contributing £300k of the total equity, with the remainder coming from CrowdLords Investors. In return for an investment in this Phase, Investors will recieve 34% of their share of the profit which equates to 27.7% of net profits generated in Phase 1 after tax. This is projected to deliver a 23.6% p.a. return with the first 15% p.a. being preferential.

NB: There is a minimum investment level of £5,000 on this development

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