Shojin Property Partners launches new crowdfunding investment opportunity in Bristol

By Bridging Loan Directory 2nd July 2018

Shojin Property Partners has launched a new crowdfunding investment opportunity in the heart of Bristol city centre, within walking distance of the shopping and business districts. This project will see the refurbishment of 17 self-contained residential apartments with an expected gross development value of £4.5m. The apartments have been valued at £412 per sq. ft once refurbishment works have taken place and is supported by a Red Book valuation.

The first four floors, together with the communal areas, will undergo refurbishment by the developer, to enhance their existing value. The apartments are expected to be completed in September 2019, when they will be marketed for sale.

The total development costs, including senior funding, are expected to be £3.6m. Both Shojin Property Partners and the developer will co-invest between 5% – 10% of their own funds into the project.

The total investor requirement is £801,500 and investors will receive a share of the profits once all the apartments have been sold. The minimum investment amount is £5,000 and investors are targeted to earn a Return on Invested Capital of 23% (or 18% annualised) over an anticipated 15-month timeline. Investors who invest early will earn 5% per annum on their capital from the date of their investment until the project has been fully funded or is underwritten by Shojin Property Partners.

Jatin Ondhia, pictured, CEO of Shojin Property Partners commented:

“This development project is a great opportunity. From as little as £5,000 people can invest in this scheme and hope to receive c.18% per year, which in this market is better than having your money in the bank earning 2% pa at best.

“Bristol is the largest city in the South West of England and the third largest financial centre in Great Britain. The city’s rich history and forward-thinking outlook has ensured that Bristol is consistently rated as one of the best places to live and visit in the UK.

“This development is in the heart of Bristol – a thriving city and centre of commerce with world-class universities and a burgeoning start-up scene. Almost half of all university graduates stay on to work in the city, which is a great endorsement of its attractiveness. Once completed, the apartments will appeal to a wide range of students and young professionals and will be very appealing to both permanent residents and tenants. We are very pleased to be backing the developer on this scheme.”

There are two universities within Bristol – the University of Bristol and the University of the West of England. The University of Bristol consistently ranks in the world’s top 100 and UK’s top 10 universities.

The city has a thriving and supportive start-up culture, which is built upon the University of Bristol’s SETsquared incubator. In 2015, SETsquared was ranked as the world’s best university-led incubator, contributing over £3.8bn to the UK economy and over 1,000 hi-tech start-ups since its inception in 2002. This has strengthened Bristol’s identity as one of the most significant places for tech innovation outside of London.