Project: Hall Barn Road, Isleham, Cambridgeshire
Executive SummaryNewman Rose is a development company formed by Tyler Newman & Rosey Cassidy, officially in 2019. They are seeking to raise £500,000 equity investment from the crowd investors for a 18 month development project, which offers a potential 33.3% pa Return on Investment (ROI).
The vision of Newman Rose is to design and construct high-end residential property designed with the lifestyle of the end user in mind. Our strengths include adding value at initial design stage, enforcing a high standard of construction, and the marketing and sale of the end units to achieve maximum GDV. The principals of Newman Rose have been immersed in the property arena for a considerable length of time and have various skills in procurement, land and development, real estate sales (particularly in the luxury market), operations and project management.
Project DetailsHall Barn Road, Isleham, is a development project of 17 homes; 12 open market units and 5 affordable housing units.
The project is located in the town of Isleham in Cambridgeshire. The site currently benefits from outline planning for 17 units: 12 open market homes and 5 affordable homes. The Gross Development Value (GDV) of the site is predicted to be £8,290,000 with an 18 month turnaround period. The site will firstly need its 'reserved matters' application submitted and approved, which relates to the Landscape of the site, and Newman Rose are in the process of drafting this application in line with the current outline approval. This is not a major consideration, as the site is not of any particular significance in ecological terms.
The proposed build schedule is 14 months and the intention is to progress one unit ahead of the rest to act as an on site showroom/show home to allow sales to begin from month 10. There are 12 open market units planned for the site in total.
The project is situated in Isleham, located in the county of Cambridgeshire, Eastern England, three miles east of the town of Soham, 16 miles north-east of the major city of Cambridge, and 62 miles north of London. It lies just west of the Suffolk border and falls within the district council of East Cambridgeshire, under the county council of Cambridgeshire.
Isleham is considered a rural fenland village with many surrounding prominent towns and villages such as Newmarket (situated about 6 miles to the north east), Ely, approximately 8 miles to the north west with its famous Cathedral, and Bury St Edmunds, 14 miles to the south east. Isleham has a population of about 2,300.
The village enjoys good transport links with a direct train link from London to nearby Ely and regular bus services to surrounding towns. The village has three churches, four shops, a part time Post Office and three Public Houses. There is also a recreation ground, community centre and multi-use games area (MUGA), as well as a nursery school and primary school.
Investment & ExitThe project is expected to take approximately 18 months, and offers a projected 33.3% ROI pa.
By way of exit, Newman Rose will sell on the open market, 12 units, and it is the intention to sell a further 5 units to a Housing Association as affordable housing.
A secondary exit would be by refinancing and letting the units. It is planned to progress one unit ahead of the rest to act as an on site showroom to allow off plan sales to begin from month 10 of the construction period.Investment in property related assets comes with risks as well as the possibility of rewards. Please read the full risk warning on our platform before deciding to invest.
Crowd Investors are projected to receive 33.3% ROI for 18 months.
33.3% for 18 months on the £500,000 equity investment is £166,500 and this figure is circa.10% of the projected net profits, which are estimated to be £1,649,563
The fundraiser will authorise a further 500 shares in the SPV and these will be available to investors as C shares. The directors of the SPV will hold the balance as A Shares. A separate group of existing investors also own B Share. All shares rank equally; however, investors will receive payment ahead of the fundraiser. C shareholders will not have any voting rights.
Please note, full details of the profit share arrangement between A, B, and C shareholders will be set out in the Shareholders' Agreement for this offer. It should also be noted that the projected profit share for the existing B shareholders from the first raise, will not be impacted by the issuing of C shares.
Full details of the Financials can be found in the Equity Offer Document attached to this page.
Investment in property related assets puts your capital at risk and returns are not guaranteed. Please read the full risk warning found on this platform before deciding to invest.