Riverside Place in Kingston upon Thames is a residential development of 26 apartments (16 one bed, 10 two bed) at a prime location in the heart of town whilst, also being adjacent to the River Thames. It will be the only major development in the area to be delivered before 2024.
The developer, Storehouse London has an impressive track record for delivering high spec residential units across London and the South East. Headed by CEO Jamie Chapman, Storehouse London prides itself on the quality of construction and finish, Jamie himself says he will only work on a project that he would happily live in himself.
Planning has been granted and contracts exchanged with the vendor, completion is scheduled for two to three weeks’ time. After which the demolition of the rear of the property will begin, down to the first floor footplate before four new floors are added, forming the majority of the new residential space.
Senior lending has been secured of £7.7Million, Storehouse London is putting up £1Million and the balance of the £9.9Million project is in the final stages of being raised by Accumulate Capital, via it’s large network of registered High Net Worth Individuals and Sophisticated Investors.
Those entering into this Property Development Finance Agreement will achieve returns of up to 15% over a short 12-month term. The investment is secured with a charge over the asset (the building) lodged at HM Land Registry. There are no closing costs or legal fees and returns are paid up front, typically six weeks following the signing of contracts.
Interested parties should register at accumulatecapital.co.uk email info@accumulatecapital.co.uk or call the Canterbury office on 01227 396 996
