Alpus Group
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Belmont House Bodmin: Financials, Impacts, and Investment Opportunities
Alan Edwards provides an overview of the Belmont House project in Bodmin, detailing its financial projections, costs, and key milestones. The conversation highlights the project's potential social impact and community benefits, emphasizing how it aligns with investment opportunities. Alan discusses the significance of these elements in the context of property development. The episode concludes with closing remarks and information on how listeners can get in touch for further inquiries or investment discussions.
Key Points
- The Belmont House project aims to convert a closed-down nursing home into eight one-bedroom flats and five one-bedroom bungalows for specialized supported housing.
- The project has a gross development value of £3,100,000 with a projected annual revenue of £220,000, supported by a 25-year full repairing and insuring lease with inclusion.
- The investment opportunity requires an equity of £300,000, offering a 12% annual return on a simple loan for fifteen to eighteen months.
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Transcript
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