Torquay

Torquay

Originator: propertypartner

Torquay, Devon, TQ1 Address: Ansteys Court Building type: 9 Unit Block Tenure: Freehold

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Product Description

 

Investors paid 65.63p per share in the New Listing for this property, and it became available on the Resale market December 18th 2015.

 

A mere 350m from the sea and a short distance to the picturesque Ansteys Cove, this art deco property offers a compelling investment opportunity in the seaside town of Torquay, Devon. The block comprises 9 flats and is offered with gearing for enhanced returns.

  • The investment comprises all 9 flats in this property 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.
  • The property is in Torquay, Devon in the South-West of England. Savills, in their forecast for house price growth by region, expect this region to appreciate significantly in value over the next 5 years – a predicted 19.9% (2016: 6%, 2017: 3.5%, 2018: 3.5%, 2019: 3%, 2020: 2.5%).
  • The area has seen significant investment from both private and public sector with Government announcing £18 million expansion project in the region.
  • 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.

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: 704

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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