OVERVIEW: Planning Uplift ProjectGreetings from CurationTech99! We are delighted to announce that in partnership with our property crowdfunding partners LEOcrowdfunding, we are launching our Barn Hill View Estate Limited Planning Uplift project.
CurationTech99 is mainly focused on residential developments, and targets new build houses/apartments and serviced apartment businesses in tourist areas. Hand-in-hand with this is the achieving of planning permission to proceed with these developments. This is the first planning uplift project that CurationTech99 have brought to the LEOcrowdfunding platform
This latest project is a planning uplift for a project in Powmill, Kinross, Scotland for potentially nine houses. We have exchanged on the land subject to planning with a non refundable deposit from our end and have appointed an architect for the planning process. The aim of this site is to purchase a brownfield site at Barnhill Farm and we intend to get planning for up to nine dwellings within the next six months and have senior debt finalised if required thereafter for the build phase.
There have been previous planning applications on the site, some of which have been successful but have not been actioned. A similar application on another part of the access road has been granted permission and this is currently being built out.
The land totals 35 acres (14.16 hectares) and is exceptionally well situated for the tourist market and also for those who are seeking homes with additional land that would accommodate horses or perhaps a small homestead. Powmill is a village lying just north of Edinburgh, and within easy reach of Dunfermline and Stirling (with its historic castle). Additionally, the lovely shores of Loch Leven are located to the east. It is near the main road between Dollar and Stirling to the west and St Andrews on the shore of the Loch.
The site consists of former farm buildings, now demolished which had previously been used by a charity, which sadly had to be wound up due to the current pandemic. They form part of the whole farm buildings complex. We are confident that the planners will look favourably on the application, as we have really focussed on creating a development which will be both attractive to potential purchasers and is in accordance with local planning policy. The properties will be built on the existing footprint of the current (now mostly demolished) buildings. On the granting of planning permission, we will seek to market the development opportunity and the uplift will be distributed
Crowd Investors receive a projected 40% Return on Investment (ROI) by way of priority shares. Priority share means that the crowd investors will receive their profit share before the fundraiser receives theirs. 40% ROI on £145,000 equals £58,000, representing 10.6 % on the projected profits, estimated to be £545,000, based on the value of the land with planning permission.
Investment in property related assets puts your capital at risk and returns are not guaranteed. Please read the full risk warning on this site before deciding to invest.
Crowd Investors receive a projected 40% Return on Investment (ROI) by way of priority shares. Priority share means that the crowd investors will receive their profit share before the fundraiser receives theirs.
40% ROI on £145,000 equals £58,000, representing 10.6% on the projected profits, estimated to be £545,000 based on the value of the land with planning permission.
The £145,000 equity raise will form a pot of funds from which, the fees associated with applying for the planning permission are drawn. The maximum raise has been set at £145,000, with a minimum at £100,000.Investment in property related assets puts your capital at risk and returns are not guaranteed. Please read the full risk warning on this site before deciding to invest.