Originator: propertypartner

Harrogate, North Yorkshire, HG2 Address: 3 flats in Leeds Road Building type: 3 Unit Block Tenure: Freehold

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Product Description

As an exciting new benefit on all ‘New Listing’ properties, you will now earn dividend income from the day you commit to investing (rather than waiting for the property to complete).

View a short video from our Director of Property on why this is a great investment.

3 flats in a stunning period building, 30A Leeds Road is set in the serene location of Harrogate, renowned for its heritage as a spa town, and being consistently voted amongst ‘the happiest places in the UK’. The town boasts a £3.85bn economy and sustains over 13,000 businesses.

  • The investment comprises an unbroken block of 3 flats in Leeds Road, Harrogate plus the Freehold interest for the entire building and is geared at 50% 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.
  • There is a significant discount reflected in the purchase price of these properties, which we have secured by bulk-purchasing them at an RICS Investment Value (bulk price) of £845,500 versus the RICS Vacant Possession Value (break-up price) of the individual units of £925,000. Please note that future quarterly revaluations will be based on the Investment Value.
  • By purchasing the properties at their investment value as opposed to their break-up value, investors will benefit from a higher net dividend yield than would be achieved by purchasing individual units.
  • The property is just 750m to Hornbeam Park railway station, which takes commuters to the northern powerhouse of Leeds in 34 minutes and the historic city of York in 43 minutes, which should support rental demand going forward.

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

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

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

Funded: 485 000 £
Funded percent: 100.00%
Investors: 747

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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