HUBB DEVELOPMENT PS19

£525,000
Now Funding

10-12
Month Term

14-15%
Annual interest

£50,000
Minimum Investment

Hubb Development PS19 is an opportunity to invest in a beautiful Bath stone fronted Georgian property, overlooking the famous Portland Square in the city of Bristol, United Kingdom.

Collaborating with the Landowner, we have submitted a planning application to redevelop this Grade-1 listed commercial building into five, two-bed luxury residential apartments. Upon receiving planning consent, we will redevelop each level of the five storey building to create five contemporary, city-living 2-bed apartments, each offering light and spacious rooms with sash windows and magnificent views over the square.

We project this redevelopment to come to fruition within a 8-12 month timescale, and achieve a sale value of £375,000 – £450,000 per unit.

Our projections are supported with our expertise and proven experience, supported by live industry analytics, credible estate agents and Royal Institute of Chartered Surveyors (RICS).

Key features:

• Georgian stone fronted property
• Freehold
• Situated in one of Bristol’s first suburbs
• Rebuilt in the 1980’s after World War II
• Great opportunity to redevelop into 5no residential apartments

Hubb Development PS19 Limited, is a special purpose vehicle (SPV) which is 100% owned and controlled by Hubb Capital Limited. This SPV was solely set up to acquire and manage this asset and no further assets will be held within the company throughout the duration of the term

Bond Criteria: Long-standing investors only; those invested in at least one of Hubb’s fixed income bonds and meet their associated requirements

Fund Size: £525,000

Funding: Secured Loan Note (also known as a coupon or bond)

Projected Bond Term: 10-12 months

Please note, although we allow a contingency with each of our developments, the projected term may be further impacted by factors outside our control. We recommended to include your own contingencies and to not be reliant on your principal investment and accrued interest to be redeemed on the projected term

Minimum Investment: £50,000

Interest Rate: 14% p.a. A 1% bonus rate (totalling 15% p.a.) is available for those who invest within the ‘Initial Period’ (the first fourteen calendar days) of the Bond instrument date and meet the minimum investment criteria

Composition: A Grade-1 listed Georgian commercial property

Latest RICS Valuation: £1,000,000

Security: Investor funds are secured as a 2nd legal charge on the SPV. Any commercial debt will take priority with a 1st charge on the asset and SPV

Liquidity: Bond certificates are not transferable and there is no guarantee of a secondary market so you should plan to invest for the full term

Interest: Interest is deferred and payable upon disposal of the asset(s). Any overseas investors may be subject to a 20% Withholding Tax, as required by UK law

Due Diligence: Integrated contingency lines have been included to ensure that the figures presented represent a realistic and achievable return-on-investment at the end of the project term. In our view, taking into account our research and due diligence, this offering is an attractive and safe investment for investors

“The market in Bristol is suffering from a chronic shortage of supply at a time when demand is increasing. There is currently very little choice when it comes to quality new build apartments in and around the centre of Bristol and very little coming to the market in the next 12 months. The apartments in the proposals for 19 Portland Square are precisely what it required to meet some of this demand and will be some of the best properties to come to the market in this location for a long time. 

With Portland Square being one of the most sought-after addresses for young professional couples, as well as its beautiful Georgian architecture and its proximity to Cabot Circus, we can expect to sell all of the apartments at this development well in advance of Practical Completion.”

Partner, Knight Frank

Portland Square is one of the most sought-after addresses in the South-West of England, and is sited on an iconic Grade One listed square (one of very few in the West Country) featuring a lovely public garden in the heart of it – it is said that even the world-renowned City of Bath does not have a Grade One listed Square which puts the significance of this into context.

The property is very well positioned for a city-living lifestyle and is just a stone’s throw from Cabot Circus (Bristol’s famous shopping quarter boasting over 92,000 m2 of retail shops, restaurants and vibrant cafes) as well as being a short stroll to Bristol Temple Meads train station or the city’s famous Bristol Floating Harbour.

The Bristol property market continues to thrive and there is strong demand for property at all price points.

Ongoing demand for housing during the pandemic has underscored the need to bring forward a broader range of housing tenures. The challenge Bristol faces is a shortage of new supply coming to the market combined with increased levels of demand. Part of the reason for this is the strength of Bristol’s economy, which continues to draw in new residents attracted by growing employment opportunities in the region, as well as its access to extensive green space and strong identity and culture.

Bristol is a young city, the average age of residents is just 32 compared to an average of 36 in London and 44 in the wider South West region, and these younger buyers have remained economically active during the pandemic so we have not seen an exodus from the city centre as we have in other UK cities. Consequently, demand for housing has remained strong, underpinning property values.

Schooling remains an important driver of demand, and one which transcends the pandemic. Leafy suburban neighbourhoods continue to see families competing for property in school catchment areas

Over the past three years, just over 3,400 units on 45 schemes (with 20-plus units) have been granted detailed planning. On average, these schemes have taken 11 months to receive full planning permission. Bristol City Council has calculated that the city has an annual housing need of 2,368 homes. However, analysis of the council’s own five-year supply pipeline from 2020 to 2025 suggests the city will fall short of this annual requirement.

The majority of schemes of any scale in planning are located in central and south Bristol and on the northern extremities of the city. In total, the Bristol City Council anticipates a five-year new housing supply of 10,579 homes. This breaks down to 2,115 homes per year, which is over 10% below the annual requirement. The city’s housing deficit comes at a time of strong demand for family housing. Demand for property will remain strong for the foreseeable future and in the years ahead.

You can find our most frequently asked questions by clicking the link below, or email us at investments@hubb.co.uk if you have a different question.