Back in September 2020, we forged a new working partnership with LEOcrowdfunding Ltd, who assisted us in showcasing our 35 West Buildings, Worthing project on their crowdfunding platform, to raise the funds to complete the purchase and renovation of the property.
This was Target Five’s first step in crowdfunding but with the expertise of LEOcrowdfunding we were able to raise all of the funds required to complete our vision for the property. 27 investors also believed in our vision and our experience.
The property is a late Victorian mixed-use property in the centre of Worthing. Worthing Council had identified this parade as ‘strategically important’ to attract investment & potential grants.
We immediately recognised the potential of the building. The key to this was the large flexible spaces & 35 West Buildings had that in spades – thanks to its large footprint, significant square footage & access from the front & rear. There was also a shortage of good quality professional sharer accommodation in Worthing. Our design was based on an urban/industrial theme, creating a 6-bed HMO, with en-suites, an open plan kitchen/living/working space, all designed with our residents’ wellbeing & home working in mind. We also renovated the commercial unit, which stood empty & unkempt for some time.
The property was also featured as finalists at this year’s Property Investor Awards under the categories HMO Property Investor Of The Year & Co-living Deal Of The Year.
Today we are excited to announce that our LEOcrowdfunding investors have successfully had their investments returned with 14.56% ROI over 12 months. We would like to express our thanks and appreciation to all investors who joined us on this journey and to LEOcrowdfunding for assisting us along the way.
Investment in property related assets puts your capital at risk and returns are not guaranteed. Past performance is not indicative of future results.