HUBB DEVELOPMENT BR63 (Phase 2)

£300,000
Now Funding

Up to 11
Month Term

12.5%
Annual interest

£50,000
Minimum Investment

Development BR63, Phase 2 is an opportunity to invest in the final stages of a four-bedroom Victorian property refurbishment in one of London’s most sought-after boroughs, Wandsworth.

Following the launch of the first phase of works, which included a light refurbishment throughout, we have since upgraded the scheme to a nr £400,000 full refurbishment and part development, which includes;

• Structural changes to the rear extension
• Extension to the family bathroom on the top floor level
• Full brick restoration to the front elevation
• Underfloor heating in key areas
• Luxury specification throughout, including tiles and sanitary ware
• Full electrical rewire
• Complete new heating system
• New architrave and skirtings fitted
• All walls and ceilings skimmed
• Architecturally designed rear garden

This Victorian residential property is only yards away from the beautiful green spaces of Wandsworth Common and just a stone’s throw from Northcote Road; one of South West London’s trendiest and most eclectic shopping streets. The traditional shops here are supplemented by a regular market that sells everything from fresh fruit and veg to vintage clothes and designer homewares. Affectionately nicknamed ‘Nappy Valley’ because of the many affluent young professional families who live there. The road extends over half a mile from Clapham Junction in the North to Broomwood Road (linking Wandsworth and Clapham Common) in the South. Head northwards to well-connected Clapham Junction station for overground and main line services to Victoria Station and Waterloo plus trains to Wimbledon, Richmond, Kingston and the suburbs to the South and West.

Based on our expertise, supported by industry analytics and independent real estate agents, we anticipate a resale value between £1,850,000 and £1,900,000. However, there is very high demand for turn-key assets similar to this scheme in the area of Wandsworth, and with very limited on the market, we would hope to achieve more.

“The appetite’s still strong. We have had lots of viewings up the road and our first offer this morning. The Winsham Grove property we discussed had eight bidders, six of them over the asking price.”

John Thorogood, Wandsworth (July 2022)

“We’re currently achieving great prices for quality stock and its still not uncommon for best bids to happen when there are multiple offers. As per our last conversation, buyers are still really keen on turnkey houses so as long as you get the last 5% right ie the finish, you will have no problem in selling the house and you may well get a pleasant surprise on the price.”

Rampton Baseley, Wandsworth (July 2022)

“… these vendors didn’t have anywhere to go so kept it off-market. The property was 2070 sqft, we went on at 1.95m which was actually more than the clients thought – they’d thought around 1.9m. We took 14 of our best buyers and received two offers at 1.85m, and another two at 1.95m, before going to best bids and ended up just under 2.05m…! The clients found somewhere and they completed in 8 weeks. Definitely still a strong market.

Hope that gives you some colour, let me know if there’s anything else I can help with, otherwise will look forward to seeing the house again soon!”

Knight Frank, Wandsworth (July 2022)

Exclusively for our Long-standing clients only
(those invested in at least one or more fixed income bonds within Hubb, and have met the associated requirements)

Fund Type: Secured Loan Note (also known as a Bond or Coupon)

Fund Size: £300,000 (£105,000 currently available)

Projected Term: 9 to 11 months (Updated via Written Resolution)

Interest Rate: 12.5% p.a. A further 1% p.a. is available (totalling 13.5% p.a.) subject to;

• the Principal Investment being received within the ‘Initial Period’ (the first seven calendar days) of the Bond Instrument Date, and
• the minimum investment criteria being met

Security: Legal Charge

Bond Instrument Date: 5th day of August 2022

Projected Maturity Date: 5th day of July 2023 including contingency of 2-months (Updated via Written Resolution)

All information correct as of 11am on 6 February 2023

Minimum Investment: £50,000

Liquidity: Certificates are not transferable and there is no guarantee of a secondary market so you should plan to invest for the full term

Projected Term: Whilst we include a contingency with each investment opportunity, the quoted term may be further impacted by factors outside our control. As such, we recommended to include your own contingencies and to not be reliant on the redemption (your principal investment and accrued interest) on the Projected Maturity Date

Interest Calculation: The amount of interest for this opportunity is fixed over a period of time; also known as Simple Interest

Interest Payments: Paid once; on maturity of the bond or within 48-hours of receiving cleared funds from the sale of the asset. Any overseas investors may be subject to a 20% Withholding Tax, as required by UK law

Hubb Development BR63 Limited, is 100% owned and controlled by Hubb Capital Limited. This entity exclusively oversees the management of this refurbishment and as such, no further assets will be managed within the company throughout the duration of the term

You can find our Frequently Asked Questions on the link below, WhatsApp +44(0) 7825 737647 or email o.hawthorne@hubb.co.uk.