New build development of four luxury apartments

GDV: £3,580,000

Started: April 2016

Status: Final works are under way as of March 2019 and are still ongoing as of May 2019 as some works have taken longer than expected.  A further sales push is going ahead in June 2019 after all works are complete.

Fund Raises/Investor return:
Fund Raises/Phase 1- 10% (capital repaid)
Fund Raises/Phase 2-10% (capital repaid)
Fund Raises/Phase 3- 10-12% (capital repaid)
Fund Raises/Phase 4- 9% (as of the start of March 2019 we have commenced paying out phase 4 investors their capital)

Investors capital repaid: As of the end of May 2019 all phase 1,2 and 3 investors have been repaid their capital and we will continue to repay capital as sales complete.  Investors will be emailed when it is their turn for their capital to be repaid.

Sales update: 2 plots occupied.  Unfortunately the reserved plot purchaser pulled out of the purchase for family reasons.  As of mid-May we are carrying out some further work on the properties in order to increase their appeal before embarking on a new marketing campaign. There are 2 properties to sell on this development.

May 2019 update:

– Snagging works are now complete

-Remaining two units are complete with snagging works now completed

-Remaining two units await final touches from HC & Interior Designer of bedroom side lights, and mirrors in bathrooms being installed, and carpets fitted – this is now in Rock’s hands, and once complete he will arrange for photography to be carried out via agent for Marketing purposes.

-The roof finish is now complete

-The Lift is operational

-Glass installed to remaining balcony

-Smoke AOV work to commence next week

April 2019 build update:

-Remaining two units are complete with last checks works ongoing

– Roof finish is yet to be started

– The lift is now fully operational

– Glass installed to remaining balcony

March 2019 build update:

– One unit is complete with a snagging inspection taking place 26/03/2019

– Two units are now occupied

– The final unit is due to be complete this week

-The roof finish has yet to commence

– The store rooms are now complete

– The foyer area on the ground floor to lift is also complete- carpets are arriving next week

– The lift will be fully operational once the workforce has left the site

February 2019 build update: 

–  Another apartment is undergoing snagging and final checks

– The final unit is in the process of being tiled and should be complete as per the construction schedule

– The roof finish will be commencing this week

– The store rooms and garages are now approaching completion

– The lift will soon be operational, providing greater access to the build

January 2019 build update:

-The lower two apartments of No 10. Alderley Edge are now complete

-The ground floor apartment of the development is currently receiving kitchen installations.

-Top floor apartment  is complete. Final checks are ongoing and should soon be complete.

-We are painting the lower floor of the communal area and will soon make a start on installing a handrail on the upper floor of the development.

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