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Built to Rent

 — 

Lit Tower

£20.2m+
total return
£6.1m+
cap growth (3yr)
-£3.6m+
net equity (12mth)
36mths
equity returned
£26.5m+
total return & cap growth
420
total return on equity
Project GDV – £51,200,000.00

GIA
NIA
Constr. PSF
Total Constr.
Fees
Interest
Land & Net Constr.
Total Constr.
Debt LTV
Equity No Sales

Unit breakdown
Studios
1 Beds
2 Beds
3 Beds
4 Beds
Average sales










Psf rates
£800
£800
£800
£800
£800
£800

80,000
64,000
£250
£20m
£1.4m
£2.417m
£28.515m
£23.817m
£25.663m
£2.851m

No. units
0
50
50
0
0

Gross profit no interest – £22,685,000.00
Site Valuation – £7,000,000.00

Saving
Price Cash
Overage
Stamp Duty
Legal Fees
Tenure
Type
Interest
Total Site Costs
Debt LTV
Debt LTC
Equity No Mezz
Equity Mezz
Option
Plan Cost
Plan Period
Plan Uplift










65%
65%






£-
£7m
£-
£35k
£80k
Freehold
Corporate
£182k
£7.115m
£4.55m
£4.55m
£2.565m
£2.565m
£-
£900k
36 mths
£15m

Lit Tower

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Fact Sheet +
  • Potential planning for 100 bed high density residential mixed use scheme in Wembley, Central Business District
  • Inward investment estimated at £7Bn, from Lonestar private developers
  • Zone 3 with excellent road and rail links to city centre
No items found.
  • Potential planning for 100 bed high density residential mixed use scheme in Wembley, Central Business District
  • Inward investment estimated at £7Bn, from Lonestar private developers
  • Zone 3 with excellent road and rail links to city centre

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