£880,000
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£880,000 £0 6.50% 58.66% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 28/08/2017
REDEMPTION DATE : 28/02/2018
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £1,500,000
SECURITY : 1st charge
PROPERTY TYPE : Commercial
TENURE: Freehold

The subject property comprises of a substantial new build mid terrace building comprising of six storeys that is still in the process of construction.
It benefits from the planning permission to demolish the previous building and the erection of a new build six storey mixed use property arranged as a ground floor surgery (D1 use), restaurant at ground floor level and a 34 bedroom hotel (C1 use) with ancillary gym (fourth floor). There is a basement level arranged as a bike store and storage. We understand that the property is being constructed and completed in line with this planning consent.
The main structural components, such as the main walls, floors and roof have been completed with some external works outstanding, such as the installation of some windows, shop fronts, etc.