Exited

Buy to flip| Stage 1

Portsmouth No. 1, PO1 Apartment

Tenerife, Canary Islands, Spain

Pre-funded

24%

Target

54 000 €

7 investors

36 500 € left

5,4%

ROIEXPECTED

2 years

Term

7 days

To invest

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

?
What do these figure mean?

Exited

Buy to flip| Stage 1

Portsmouth No. 1, PO1 Apartment

Tenerife, Canary Islands, Spain

Pre-funded

24%

Target

54 000 €

7 investors

36 500 € left

5,4%

ROIEXPECTED

2 years

Term

7 days

To invest

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

?
What do these figure mean?

Exited

Buy to flip| Stage 1

Portsmouth No. 1, PO1 Apartment

Tenerife, Canary Islands, Spain

Pre-funded

24%

Target

54 000 €

7 investors

36 500 € left

5,4%

ROIEXPECTED

2 years

Term

7 days

To invest

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

?
What do these figure mean?

Exited

Buy to flip| Stage 1

Portsmouth No. 1, PO1 Apartment

Tenerife, Canary Islands, Spain

Pre-funded

24%

Target

54 000 €

7 investors

36 500 € left

5,4%

ROIEXPECTED

2 years

Term

7 days

To invest

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

Internal Rate of Return (IRR)

9,35%

?
What do these figure mean?

Why invest in this property?

Cadiz, one of the most profitable cities

Better relationship between revenues and cost

Large and beautiful terrace

Penthouse with large terrace and barbecue

High IRR = 9.34%

and high cash on cash ratio

Investment Case

Share Investors will receive an estimated cumulative 35.22% return over 3 years split between income (paid monthly) and capital gain, net of our fees.

Loan Investors can expect to receive a cumulative 11.25% return over 3 years through 3.75% secured coupon paid monthly, net of our fees.

Please see Credit Risk Assessment in the Documents section for Loan Risk Categorisation.

Enterprise House occupies a prominent and accessible location on Isambard Brunel Road in the Portsmouth City Centre. The premises are ideally located adjacent to Portsmouth & Southsea Railway Station and are in close proximity to the Guildhall Square, Civic Offices, Portsmouth University faculty buildings and the Magistrates Courts. Portsmouth & Southsea Railway Station has a direct line to London Waterloo taking 85 minutes. Other local links are Southampton Airport just 25 km away and the famous Port Solent is only 5 km.

Read more

Property Details

Designed for modern living, these flats have been recently converted and offer two double bedrooms, modern kitchen/lounge arrangement and a contemporary bathroom. The flats are to be offered furnished (the pictures were taken before furnishing the flats).

Designed for modern living, these flats have been recently converted and offer two double bedrooms, modern kitchen/lounge arrangement and a contemporary bathroom. The flats are to be offered furnished (the pictures were taken before furnishing the flats).

City
Cadiz
Neighborhood
Santa Maria
Type of property
Penthouse
Type of investment
Vacation Rental Property
Square meter
44 m2
Number of rooms
1
Number of bathrooms
1
Manager
Owneroo

Financials

Target

54 000 €
Funded
24%
Year 1-5 avg Total
Share Investor Returns * 9.5 % 47.5 %
Divident Income 4.4 % 22.0%
Capital Gain 5.1% 25.5%
Year 1-5 avg Total
Share Investor Returns * 9.5 % 47.5 %
Divident Income 4.4 % 22.0%
Capital Gain 5.1% 25.5%
*Some figures provided are projections which means they are estimated. Projections of future performance for dividends and capital growth are not guarantees and can change at any time. Assumptions used in the financials are (a) annual property price growth taken as an average for the region across property experts Savills, Knight Frank, JLL and CBRE, (b) annual rental income inflation using a similar process, (c) annual service charge growth at a modest level, (d) taxes charged at current rates (Corporation Tax and VAT).

Project updates

Date of update Stage Description
2020 - 05 - 01 Stage 1 Property is under construction
2020 - 03 - 01 Stage 0 Property successfully funded
2020 - 02 - 18 Stage 0 Funding started

Project updates

2020 - 05 - 01 Stage 1 Property is under construction
2020 - 03 - 01 Stage 0 Property successfully funded
2020 - 02 - 18 Stage 0 Funding started

Documents

Solicitors report
Title deeds
Payment schedule
Surveyors report
Credit rist assessment

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