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Land Plots in Fernie
Location: Canada / British Columbia / Fernie Ref No: 100/4429 Type: Price: € 27,581 ( £ 24,000 ) Bedrooms: 0 Bathrooms: 0 |
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Property Description:
We are offering, 575 individual land parcels, all of which have detailed planning consent and you are able to have all the due diligence per plot you like.
We are offering each plot at £68,500.
We require a 35% deposit or £24,000.
The client(s) deposits the required funds into a nominated solicitor's segregated client account showing the ability on behalf of the developer.
The developer will receive a gross interest payment paid monthly on this amount. This will be used for interest servicing of debt and marketing reserve. The developer will not be able to access the capital for any reason.
In return the developer will undertake the following:-
Based on a £24,000 investment:
1. On 1st December 2009 the developer will pay a return of 17% (50% of net) on the grossed up amount of £24,000 – i.e. £24,000 plus 50% of net = £24,000 + £12,000 = £36,000. This offering begins as at 1st June 2007 and reduces in a straight line at 1.9% recurring over the 31 month period.
2. On 1st September 2010 the developer will pay a return of 21% (61.6% of net) on the grossed up amount of £24,000 – i.e. £24,000 plus 61.6%% of net = £24,000 + £14,784 = £38,784. This offering begins as at 1st June 2007 and reduces in a straight line at 1.6% recurring over the 41 month period.
There is an admin fee of £175 payable on application – non refundable – to the developer.
On the sale/buyback of the investment there is a closing admin fee of £375 payable to the developer.
We are offering, 575 individual land parcels, all of which have detailed planning consent and you are able to have all the due diligence per plot you like.
We are offering each plot at £68,500.
We require a 35% deposit or £24,000.
The client(s) deposits the required funds into a nominated solicitor's segregated client account showing the ability on behalf of the developer.
The developer will receive a gross interest payment paid monthly on this amount. This will be used for interest servicing of debt and marketing reserve. The developer will not be able to access the capital for any reason.
In return the developer will undertake the following:-
Based on a £24,000 investment:
1. On 1st December 2009 the developer will pay a return of 17% (50% of net) on the grossed up amount of £24,000 – i.e. £24,000 plus 50% of net = £24,000 + £12,000 = £36,000. This offering begins as at 1st June 2007 and reduces in a straight line at 1.9% recurring over the 31 month period.
2. On 1st September 2010 the developer will pay a return of 21% (61.6% of net) on the grossed up amount of £24,000 – i.e. £24,000 plus 61.6%% of net = £24,000 + £14,784 = £38,784. This offering begins as at 1st June 2007 and reduces in a straight line at 1.6% recurring over the 41 month period.
There is an admin fee of £175 payable on application – non refundable – to the developer.
On the sale/buyback of the investment there is a closing admin fee of £375 payable to the developer.
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