The Fund Explained
The fund is being set up to capitalise on residential buying opportunities presented by the present economic uncertainty. The fund is intended to provide capital growth by purchasing residential property assets with the aid of conservative bank financing. The structure is designed to be simple to understand and the fund straightforward in its aims. The below points outline these:
- Onshore, tax efficient, limited liability structure
- Investment term of 7 years
- SIPPs and SSAS compliant
- Total target equity £2.2million
Target Properties
The properties targeted by the fund will be UK financially distressed residential stock. All properties will be required to meet the following criteria:
- Investible location with strong prospects for capital growth
- Significantly below current market value
- Gross yield of 6%+
- Good condition
Property Advisor & Regulation
Bold Spirit Limited is the Property Adviser to the Fund and will advise regarding all of its investment and borrowing activities.
The fund will be operated as an unregulated collective investment scheme by Consortium Investment Management LLP which is authorised and regulated by the FSA.
