Development Loan
Wicker Island BTR
Nursery St , Sheffield
Funded
100.0%
Remaining
£0
- Location
- Nursery St , Sheffield
- Property type
- Loan
- Expected return
- 12.0% p.a.
- Term
- 58 months
About this investment
We are excited to bring you the opportunity to invest into the delivery of an exciting new build-to-rent (BTR) scheme in Sheffield. The riverside-development will involve demolition of existing buildings to create a new gateway site with a mix of 101 studio, one-bed and two-bed apartments along with exceptional communal facilities.
UOWN plans to contribute finance into this project in a number of tranches over the different phases of the development. This first tranche will be a raise of £1,000,000, offering a return of 12% per annum, and secured via an equitable charge. The return for this project will be rolled-up and paid at the end of the term. Exit will be via refinance of the scheme, once the works are completed and the site is occupied.
This site is located at the confluence of three of the most exciting areas in Sheffield - Kelham Island, Castlegate, and West Bar. The gateway location coupled with The Parklane Group’s ability to deliver to a high quality make this an attractive proposition.
Important information
Your capital is at risk and returns are not guaranteed. Property investments are illiquid — your money may be locked up until the property is sold or refinanced.