PropertyMoose
Property Moose
Premium Member
Introducing the second opportunity to invest in a portfolio of apartments in Liverpool. Earlier this year, we successfully raised over £315,000 in the initial tranche of this opportunity.
Opportunity Highlights
What is underwritten rent?
If a property has an “underwritten rent” contract in place, a private partner has agreed to guarantee the rent for a certain period. In the case of Daniel House, the developer has agreed to underwrite the rent until September 13th, 2019.
During this time frame, even if the secured units were to experience any void periods, your stream of rental income would not be affected, as it would be subsidized by the developer.
The source of the opportunity
The source is Signature Living Group, a successful developer in the North West who specialize in producing high quality assets and are known for some of Liverpool’s recent impressive developments, including the Shankly Hotel. They have been in operation for almost a decade and currently manage over 1,200 beds in the city alone.
This development in particular, named Daniel House, comprises of almost 95,000 sq.ft of accommodation over 14 storeys and 168 apartments ranging from one to four bedrooms. The building includes a rooftop restaurant, a bar and a garden with an on-site gym for residents.The block also benefits from 24-hour concierge service providing comfort and security to both tenants and landlords and possibly making it a competitive and attractive choice of accommodation for local young professionals.
About Property Moose
Property Moose was founded in 2013 as one of the first property crowdfunding platforms in Europe. We allow members to invest in property with just £10. Members also start earning regular income from investments, and potentially benefit from any capital growth achieved. We handpick our opportunities all across the UK, only listing investments which we believe in. Our community of nearly 25,000 members spans across 90 countries.
Disclaimer and Legals
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
Opportunity Highlights
- As the building includes a rooftop restaurant, a bar and a garden with an on-site gym for residents, we believe the development holds a competitive edge.
- Daniel House has already received 5 star reviews on Airbnb, such as, “The location was great, really easy to walk a few mins to the nearby train station to get into the city centre.”
- Projected net yield of 5% p.a. which is guaranteed by the developer from fully funding until September 13th 2019.
What is underwritten rent?
If a property has an “underwritten rent” contract in place, a private partner has agreed to guarantee the rent for a certain period. In the case of Daniel House, the developer has agreed to underwrite the rent until September 13th, 2019.
During this time frame, even if the secured units were to experience any void periods, your stream of rental income would not be affected, as it would be subsidized by the developer.
The source of the opportunity
The source is Signature Living Group, a successful developer in the North West who specialize in producing high quality assets and are known for some of Liverpool’s recent impressive developments, including the Shankly Hotel. They have been in operation for almost a decade and currently manage over 1,200 beds in the city alone.
This development in particular, named Daniel House, comprises of almost 95,000 sq.ft of accommodation over 14 storeys and 168 apartments ranging from one to four bedrooms. The building includes a rooftop restaurant, a bar and a garden with an on-site gym for residents.The block also benefits from 24-hour concierge service providing comfort and security to both tenants and landlords and possibly making it a competitive and attractive choice of accommodation for local young professionals.
About Property Moose
Property Moose was founded in 2013 as one of the first property crowdfunding platforms in Europe. We allow members to invest in property with just £10. Members also start earning regular income from investments, and potentially benefit from any capital growth achieved. We handpick our opportunities all across the UK, only listing investments which we believe in. Our community of nearly 25,000 members spans across 90 countries.
Disclaimer and Legals
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
