The Green Siddorn Street, Winsford, Cheshire CW7 2BA INVESTOR PROSPECTUS The Green Siddorn Street, Winsford, Cheshire CW7 2BA CONTENTS 1. 2. 3. 4. 5. 6. 7. Site overview Photograph and image gallery Financial information Development information (builder overview, details of contract, drawdown stages) Sales information (comparable data – Sold/For Sale, estate agent indicative selling price, local information) Information memorandum JMW contact information The Green Siddorn Street, Winsford, Cheshire CW7 2BA SITE OVERVIEW KEY FEATURES: DEVELOPMENT SITE WITH DETAILED PLANNING CONSENT FOR 8 HOUSES 0.48 ACRE SITE PLANNING APPROVED FOR 3 X 3 BED SEMI, 3 X 2 BED SEMI AND 2 X 2 MID TOWN HOUSE ALONG WITH 2 GARAGES AND ENCLOSED CYCLE STORE EXCELLENT OPPORTUNITY The Green Siddorn Street, Winsford, Cheshire CW7 2BA SITE OVERVIEW (CONTINUED) FULL DESCRIPTION: DETAILED PLANNING CONSENT FOR 8 DWELLINGS. OCCUPYING A POPULAR AND CONVENIENT LOCATION WITHIN THE HEART OF WINSFORD, THE SALE OF THIS 0.48 ACRE DEVELOPMENT SITE WITH DETAILED PLANNING CONSENT APPROVED REPRESENTS AN EXCELLENT AND RARE OPPORTUNITY TO ACQUIRE A READY TO GO SITE IDEAL FOR THE BUILDER OR DEVELOPER. PLANNING CONSENT WAS APPROVED BY CHESHIRE WEST & CHESTER COUNCIL UNDER APPLICATION NUMBER 12/05/483/FUL AND IF BUILT IN A CCORDANCE WITH THOSE APPROVED PLANS, THE COMPLETED DEVELOPMENT WOULD COMPRISE 3 X 3 BEDROOMS SEMIS, 3 X 2 BEDROOM SEMIS AND 2 X 2 BEDROOM MID TOWN HOUSES ALO NG WITH TWO GARAGES AND A BRICK BUILT CYCLE STORE. EACH OF THE PROPERTIES WOULD HAVE DESIGNATED OFF ROAD PARKING AN D GOOD SIZED GARDENS TO THE REAR. The Green Siddorn Street, Winsford, Cheshire CW7 2BA Photographs Site Plans The Green Siddorn Street, Winsford, Cheshire CW7 2BA Financial Information Sales Value Costs Land Costs Development Costs Sales Costs £1,115,150 £94,350 £706,382 £33,455 £834,187 Development Profits Profits will be split – Developer 25% and Shareholders 75% £834,187 £280,964 The Green Siddorn Street, Winsford, Cheshire CW7 2BA Financial Information (Continued) Stage Payments Land Costs Stage 1 - Foundations Stage 2 - Brickwork Stage 3 - Roof On Stage 4 - Completion Percentage N/A 25% 25% 25% 25% Amount £94,350 £184,959 £184,959 £184,959 £184,959 Total Investment 100% £834,187 Each Payment to be made in advance upon completion of the Previous stage The Green Siddorn Street, Winsford, Cheshire CW7 2BA DEVELOPER INFORMATION THE DEVELOPMENT WILL BE CARRIED OUT BY SHERWOOD HOMES LIMITED UNDER A MINOR WORKS 80 CONTRACT AND PAYMENTS WILL BE MADE ON A STAGED BASIS. ALL WORKS WILL BE SUPERVISED BY A QUALIFIED ARCHITECT AND ARCHITECT CERTIFICATES WILL BE PROVIDED AT KEY STAGES OF THE DEVELOPMENT INCLUDING A COMPLETION STATEMENT. THE LOCAL AUTHORITY WILL ALSO SUPERVISE ALL WORKS TO ENSURE BUILDING REGULATION COMPLIANCE AND WILL ALSO ISSUE A CERTIFICATE OF BUILDING REGULATION COMPLIANCE UPON COMPLETION. The Green Siddorn Street, Winsford, Cheshire CW7 2BA Comparable Sales 36 Siddorn Street, Winsford, Cheshire West And Chester CW7 2BA Ex-Local Authority 2 Bed Semi sold 21 October 2011 for £109,000 Source: Land Registry 28 Siddorn Street, Winsford, Cheshire CW7 2BA Ex Local Authority 2 Bed Described as end terraced sold for £110,000 in 2007 Source: Land Registry The Proposed Development: 3 Bed Semis with high specification £158,250 and 2 Bed Properties at £128,092 are reasonable and with the Incentive of Part Exchange should be sold quickly. The Green Siddorn Street, Winsford, Cheshire CW7 2BA Applications to buy Shares in The Green Winsford Limited which is a Single Purpose Vehicle used to exclusively buy and develop the site. The Developer will receive 25% of the Profits made and the rest will be paid to shareholders on a pro-rata basis There are 1000 Shares for Sale at £834.19 each. Upon Sale of the Development Each Share will attract a profit of £210.72 (as well as the initial investment) This provides a return of 25.26% and it is expected that the development will be complete within 1 year The Green Siddorn Street, Winsford, Cheshire CW7 2BA JMW CONTACT INFORMATION JMW SOLICITORS 1 BYRON PLACE MANCHESTER M3 3HG TEL 0845 872 6666