Tag Archives: asset backed investment

Empire property holdings update

Empire Property Holdings May Update

Empire Property Holdings Update

Empire Property Holdings is an investment opportunity providing a fixed return for up to 4 years at 15% pa. This update is to show you the ongoing developments of the company and how their business model allows for an above average yield for an investor. Empire are developing a number of buildings not just one. To ensure that clients and potential clients can obtain as much transparency from this investment we would like to show you the latest updated photographs from the sites acquired. Empire Property Holdings have been very busy over the last 19 months. With a few developments near to completion, it would be a great time for you to see what they have been up to.

Empire Property Holdings are not just developers but they are investors too.  They have refinanced the majority of the developments they have created to keep in their portfolio. The New Commerce House refinance has recently been completed. Following this successful refinancing, Empire Property Holdings acquired Newspaper House in Blackburn with plans in place to develop 66 apartments.

Newspaper House, Blackburn

Empire Property Holdings have completed the acquisition of Newspaper House in Blackburn.  A planning application has been submitted to build 66 flats with car parking with an extremely positive response.

  • £850,000 Purchase price
  • £2,640,000 Development Costs (£40,000 per unit x 66)
  • £3,490,000 Total Cost
  • £429,000 Income (66 units x £125 per week x 52 weeks)

A benefit to the site is a rear warehouse which has been leased back to the Lancashire Telegraph for 12 months.

The development is near to completions with some of the apartments partially let. And this is even before completion showing the demand for the units.  The remaining work is the lift refurbishment, which is due to be completed within the next month. Some of the external fascia has been modernised to give a fresh modern appeal to the building.

This development is ready to be refinanced at the end of May. In tune with the business model it will then allow Empire Property Holdings to acquire the Thornhill Street site. Buy, develop, refinance repeat!

Thornhill Street, Wakefield

On the refinancing of King Charles House, Empire will purchase the Thornhill Street site which has the benefit of full planning consent to change the current use to C3 apartments.

  • £850,000 Purchase price
  • £480,000 Development costs (16 units x £30,000)
  • £1,330,000 Total Costs
  • £112,320 Income (16 units x £135 per week x 52 weeks)
  • £50,000 Further Commercial Income
  • £162,320 Total income

Thornhill Street

Globe Works, Bolton

Empire Property Holdings have purchased another site as part of their property loan note investment. Globe Works a former town centre mill in Bolton on acquired on 3rd May 2017.

A former mill to residential conversion via full planning permission, which will create 24 one bedroom, 90 two bedroom & 10 three bedroom apartments.

  • £1,700,000 – Purchase Price
  • £6,200,000 – Development Cost (124 units x £50K)
  • £7,900,000 – Total Cost
  • £1,024,800 – Income (24 1 beds x £600 x 12) (90 2 beds x £700 x 12) (10  3 beds x £800 x 12)
  • £12,800,000 – Valuation based on 8% yield
  • £8,960,000 – Refinance exit (70% LTV)

 

Globe Works Bolton

Globe Works Bolton

Globe Works Bolton

The Investment Opportunity

2 Year Income
Year 1: Interest at 10% p.a. payable every 6 months.
Year 2: Interest at 12% p.a. payable every 6 months
Total Interest 22%

2 Year Growth
Year 1: Interest at 10% p.a.
Year 2 (compounded) Interest calculated at 12% p.a.
4% bonus
Total Interest 27.2%

4 Year Growth
Years 1-4: Interest at a total 60%
Total Interest 60%

For further information contact us on 0203 026 8820 or register your interest HERE

ILS Buy To Let Car Finance

Buy 2 let car finance

At Barrington Howe we continue to look for high quality asset backed investment opportunities to complement our existing portfolio of products. Through continued feedback from our clients, we try to understand what the market is looking for and currently it is low risk asset backed investments offering sensible and achievable returns. One such product that we have now taken on is ILS buy2 let car finance.

This is an innovative investment opportunity allowing investors to tap into a huge market to finance cars to buyers seeking HP finance for cars. There is a massive demand for car buyers wanting finance so there is no shortage of buyers. In addition, investors gain the benefit of an asset in both the car and the HP loan book. But here’s the clever bit. If the car owner defaults on the payment, there is technology in the car that will allow for the car to be switched off preventing it being driven.

The feedback from many investors is that they don’t understand how a film investment works. They are not keen on a Brazilian property investment in a country they never visit. What they do know is a car. They understand vehicles. They understand the concept of buy to let. It’s not a difficult concept to understand and let’s face it, people fear what they don’t know. It’s a natural reaction. Generally if you don’t understand something, it does not fill you with confidence to invest into it.

Most of the population drive and it’s easy to understand that you can make a fixed income from financing a car whilst retaining the underline security. At the highest investment option, investors can make 20% per annum over 3 years. That’s a 60% return on investment from a car! As such, ILS Buy 2 Let Car Finance has been a welcome addition to the Barrington Howe list of investment opportunities. A fixed rate investment giving high yields with added benefit of security. Barrington Howe now have opportunities to invest in property, cars and hotels now giving cash or pension investors’ greater choice and flexibility to diversify their investment portfolio.