The Bakery
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£400,000.00
/
260,723 shares available in the market
34.8% funded
/
65.2% shares on market
UOWNERS Return
15.00%
Est Completion Date
03/2020

UOWN is teaming up with The Parklane Group to convert an old bakery building into 12 one-bedroom flats. The Parklane Group has secured the site and has planning permission in place, as well as bank finance secured. UOWN is raising £400,000 from the crowd.

Investors will own equity in the development alongside The Parklane Group. The flats will be sold to owner occupiers: mainly first-time buyers and professionals rather than overseas investors. Project completion is expected in quarter-one 2020 making the term 11 months. Projected return to investors in this project is 15%.

To download the investment brochure and to keep up to date head to:

The Bakery

Good Transport Links
Prime City Centre Location
Regeneration Area

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Figures
Details
Total project costs
£1,332,953.00
Construction Costs
£908,000.00
+
Acquisition Costs
£278,000.00
+
Other Costs
£146,953.00
-
Developer Contribution
£932,953.00
=
UOWNERs Contribution
£400,000.00
Details
GDV
£1,500,000.00
-
Total Project Costs
£1,332,953.00
=
Total Profit
£167,047.00
=
UOWNER's Profit
£60,000.00 (15.00%)
Location
32, S3 8LT