Gainsborough

Gainsborough

Originator: propertypartner

Gainsborough, Lincolnshire, DN21 Address: 42 Flats in Sandars Maltings Building type: 42 Unit Block Tenure: Freehold

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Product Description

 

Investors paid 84.31p per share in the New Listing for this property, and it became available on the Resale market November 20th 2015.

 

Introducing our first ‘higher-yielding’ property. This represents an institutional grade investment opportunity, comprising 42 of the 48 apartments in this Grade II listed converted mill in Gainsborough. A truly compelling investment opportunity:

  • We purchased 42 of the 48 flats in this Sandars Maltings converted mill, plus the Freehold for the entire building, at a discount to its break-up value and geared at 60% loan-to-value (LTV) of the purchase price. Gearing gives enhanced exposure to property price movements, and the potential for amplified returns; though investors must note amplified negative returns if prices fall.
  • By purchasing the entire block at its investment value as opposed to its break-up value, investors benefit from a higher dividend yield than they would achieve by purchasing individual flats. Net income is further enhanced by a favourable mortgage rate relative to the net dividend yield.
  • The property is located in Lincolnshire, in the East Midlands. The well-regarded research team at Savills estimate this region to enjoy a forecast capital growth of 16.5% over the next 5 years (2016: 5%, 2017: 3%, 2018: 3%, 2019: 2.5%, 2020: 2.5%). Gearing allows significant outperformance to this market growth however investors should note that gearing amplifies losses if prices fall.

You can read more on the investment case, here.

Robert Weaver

Director of Property
Global Director of Residential Property at RBS
Fund Manager, running £500m residential portfolio at Invista Real EstateMember of the British Property Federation’s Residential Committee

Ed Wray

Non-executive Director
Co-founder, Betfair
Non-executive director of Funding Circle and LMAX Exchange
Vice President J.P. Morgan & Co

Neil Rimer

Non-executive Director
Co-founder, Index Ventures
Non-executive director of companies including Funding Circle and Stack Exchange
Board member of Human Rights Watch

Thomas Remmert

Chief Architect
20 years’ experience in scalable web development
Technical Due Diligence advisor for Octopus Ventures
Architect of Comdirect Bank’s online trading system

Jo Oliver

Non-executive Director
Director at Octopus Ventures
Non-executive director of companies including SwiftKey and Amplience Managing Director, Oliver Woodworth (property development company)

Justin Hubble

General Counsel
General Counsel and Director of Legal & Compliance at Betfair
Betfair from startup to IPO
Over 20 years as a lawyer in private practice and in-house

Nick Hagen

COO
Sports Operations Director at Betfair
COO Sports Betting at GTECH

Daniel Gandesha

Founder and CEO
Corporate Venture Capital at Sky Plc
M&A advisor at Sky Plc and KPMG
Chartered Accountant and FCA Authorised Person

Warren Bath

CFO
M&A Director at Sky Plc
Investment Banking Advisory at Morgan Stanley
Chartered Accountant



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Investors: 977

About Property Partner

Property Partner is a crowdfunding and investment platform that makes it possible for anyone to invest in residential property at the click of a button. Investors can buy shares in individual properties or residential blocks, for as little or as much as they like. Property Partner finds the tenants and professionally manages the properties. Investors receive rental income in proportion to the shares they own and, through our unique secondary market, can exit their investment at a time and price of their choosing.
Property Partner is the trading name of London House Exchange Limited, a private company registered in England and Wales under registration number 08820870 and at registered office 71 Queen Victoria Street, London EC4V 4AY, United Kingdom

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