Grasshopper Property Success Friday

Wow what a week….. 🤩

To start with we spent a few days away in the Isle of Wight at the festival with friends. Saw so many amazing bands it was one heck of a weekend for music.. and maybe a beverage or two 🤭

However, on the property side we wanted a pipeline and movement, well we have it!!

Oxford House is in legals and keys due anytime and can’t wait to get started. We have decided to retain and run as a short term let property 👏 (4 month project)

Derelict House we offered on was accepted Weds with a refundable deposit of just 10% subject to planning! What a result, the power of feeling in control and all that!!! 💪 (14 months project)

We are going through the motions of purchasing a new build project where the previous investors left the contractors high and dry. Means we can get a great price for the started project but the end result and GDV means huge returns… another great result and the power of negotiation and confidence. 👌 (6 month project)

Never thought I would say we have purchased a funeral home … but we have!!! 🫣🤭🤩 to covert to 9 apartments. This is a Blue Plaque building listed, so just a few hoops have been scrambled through by the our power team to sort this. Final plans to be submitted. And get this, we have managed to agree a Lease Option and pay on exit at an unbelievable price. 🏆😃 (2 year project)

And finally, the Grade II listed commercial site in Banbury, we have the final meeting on Tuesday so add data to the offer then we go to offer. 🤞(2 year project)

Something Rob said earlier this week “Here we go fasten your seatbelts we are about to take off”.

This will all be about planning and making sure we build in contingencies to allow for delays in build etc. But we have such a strong and willing power team and the due diligence they are putting in and questions they are asking to ensure we get a tax relief where we can, SDLT relief where we can and building high end but at cost because of how we’ve agreed the project set ups and relationships.

Be brave, it’s an amazing feeling!! But at your pace remember. It’s not a sprint. This sounds like it but we have two 2 year projects in the mix so it spreads out the pipeline nicely.

Have a great weekend everyone!! The weather is going to be stunning 🤩

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