26 March 2013
Custodian Capital delivers impressive investment returns on Bath commercial property redevelopment
Custodian Capital, which is part of Mattioli Woods plc, is proud to announce that the Bluecoat House property redevelopment in Bath is now complete.
The Bluecoat House property was purchased by Custodian Capital for investors in June 2012 for £1.9m and is located in a prominent area of the historic city. The ground and lower ground floor will be occupied by Prezzo plc, trading under their popular Chimichanga brand.
Richard Shepherd-Cross, Managing Director of Custodian Capital, commented:“Custodian Capital is delighted that the development of Bluecoat House is now complete and investors can benefit from the 25 year lease to an excellent tenant in this prime location which has the potential for further rental growth.
“At a time of economic and investment uncertainty and with interest rates remaining at an all-time low, we are confident that commercial property investment can provide stable and relatively high-income returns for clients.”
As well as securing this long-term property investment, Custodian Capital provided the developer with short term development finance through a separate syndicate of investors for the the upper floors which have been converted into high quality residential accommodation comprising four-one bedroom and two bedroom flats.
Richard Shepherd-Cross continues: “Investors received a 10% return on their investment at the completion of the 11 month redevelopment, which is a great result for all those who invested.”
Custodian Capital now has a nationwide property portfolio with in excess of 80 properties and more than 1,250 individual investors, most of whom are SIPP or SSAS clients. Custodian Capital currently has one property open for investment; a brand new, modern specification hotel to be let to Premier Inn Hotels Limited in Dudley’s prestigious Castlegate Business Park.
Prospective investors who are interested in this investment model must seek their own independent financial advice from an appropriate adviser, who is authorised and regulated by the financial services authority. Mattioli Woods’ consultants are able to offer this service. Please contact us today for further details.
For further details on syndicated property, click here.
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