A large residence bought in arguably one of the best positions in North Devon.
Planning achieved for 4 units
Purchase Price: £1,120,000
Total Cost: £2,100,000
Scheme GDV: £2,800,000
ROC: £33%
GULL ROCK
A small hotel with outstanding sea views. A strategic approach to planning allowed for 5 high specification apartments to be approved and built.
Purchase Price: £670,000
Total Cost: £1.6m
Resale: £2,020,000
Profit: £420,000
ROC: 26%
TORSIDE
Purchased the freehold to building to attain the ground floor flat with huge garden and excellent views. Building of 2 high specification residential flats completed