Barnstaple is a thriving town strategically located between Bristol, Plymouth and Exeter. The town has a strong economic base – it is the administrative centre for North Devon Council, the most-visited shopping destination in the region and counts the Ministry of Defence and the NHS as two of its largest employers.
With around 31,000 residents, the population of Barnstaple is expanding, a fact that is likely to underpin continued price growth that exceeds other towns in the region.
Investors in this project can participate in the conversion of an office building into 31 apartments. with a minimum investment of £50,000 upwards.
Full, detailed planning permission has now been granted and the developers are raising £1.7M GBP in private equity (total GDV £5.8M) to deliver the project, with the project appraisal forecasting an ROI for investors of 32.7% over a 12-month period.
The project has been selected to be offered via an FCA-approved equity crowdfunding platform, which gives investors the added security of knowing checks have been carried out on the developer, the opportunity and statements of fact in the marketing material.