Northumberland Living Ainwick

Last Updated: 

January 22, 2025

Northumberland Living, through its subsidiary Northumberland Living (Alnwick) Limited, proudly presents an exclusive investment opportunity in the prestigious Ravensmount development—a strategic conversion project in the heart of historic Alnwick. This offering follows the remarkable success of their West Chevington Farm development in Morpeth.

Key Takeaways on Premium Investment Opportunities in Ravensmount Development by Northumberland Living

  1. Exclusive Investment in Ravensmount Development: Northumberland Living presents a premium opportunity to invest in the conversion of a former care home into luxury apartments in Alnwick.
  2. Development Overview: The project involves transforming a historic building into 8–10 luxury apartments, with additional plans for a bungalow and landscaping, aiming for completion in 18 months.
  3. Attractive Investment Returns: Two options are available for investors: Income (12% per annum with quarterly payments) or Growth (12% per annum with 20% at redemption).
  4. Secure Investment Structure: Investors benefit from dual security through a debenture and an Equitable Mortgage over the SPV Company’s assets, ensuring strong protection.
  5. Experienced Leadership: Led by William Jackson, with over 30 years of experience in the construction industry and a track record of successful developments.
  6. Strategic Market Location: Alnwick is a sought-after destination with strong regional growth, including over 8,500 inward investment jobs in the North East, making Ravensmount a promising investment.
  7. Clear Exit Strategy: The project involves selling off-plan apartments, retaining some units for holiday lets, and refinancing to repay investors, with a projected GDV of £4.5 million.
Discover Real-World Success Stories

Investment Overview

Northumberland Living is raising £2.5 million for the transformation of Ravensmount, a former 35-bed care home, into luxury residential apartments. The development, situated at Ravensmount, Alnmouth Road, Alnwick, NE66 2QG, carries full planning permission (Ref: 19/04800/FUL) and presents a compelling opportunity with a projected Gross Development Value (GDV) of £4.5 million.

The Development Project

The site encompasses a grand period building featuring traditional stone construction, a pitched slate tile roof, and expansive windows offering panoramic countryside views. Currently extending to approximately 1,051 sq m (11,313 sq ft), the property will undergo an extensive transformation. Initial planning permission has been secured for 8 luxury apartments ranging from 861 to 1,421 sq ft each, with applications in progress to optimise the space for 10 premium apartments. The development scope includes the construction of an additional bungalow within the grounds, alongside a comprehensive landscaping program. The estimated completion timeline is set at 18 months.

Investment Structure

Northumberland Living offers two attractive investment options for High Net Worth and Sophisticated Investors. The Income Option provides a 12% per annum return with quarterly interest payments of 3%, delivering a total return of 18% over the 18-month term. For example, a £10,000 investment would yield £11,800 in total returns through regular quarterly payments.

The Growth Option also offers a 12% per annum return but pays 20% at redemption, which includes a 2% bonus. Under this option, a £10,000 investment would yield £12,000 paid as a single payment at the end of the term.

Both options require a minimum investment of £10,000 with an 18-month term and potential 3-month extension. Alpha Trustee Services Limited serves as the Security Trustee for the development.

Security Structure

Investors benefit from a robust dual-security arrangement through a debenture over the Company and its assets, complemented by a guarantee and Equitable Mortgage over the SPV Company and its assets, held by Alpha Trustee Services Limited.

Company Leadership

William Jackson, the sole director of Northumberland Living (Alnwick) Limited, brings over three decades of construction industry expertise. His impressive track record includes establishing Northern Business Management LLP in 2014, which achieved £2 million turnover, and founding Genesis One Limited in 2016. Jackson's portfolio encompasses the successful delivery of the West Chevington Farm development and extensive experience in residential and commercial projects across the UK.

Strategic Vision

The development strategy incorporates a 20% developer contribution alongside investor funds. The plan includes a combination of off-plan sales for select apartments while retaining several units for the Northumberland Luxury Stays portfolio. A carefully structured refinancing plan will facilitate investor exit at the conclusion of the term.

Market Position

Alnwick's status as a premier UK destination, combined with strong regional growth—evidenced by over 8,500 inward investment jobs created in the North East from 2021-2022—positions Ravensmount as a strategic investment opportunity in a thriving market.

Documentation and Information

Comprehensive information packages are available, including a detailed Information Memorandum, Security Trust Documentation, Secured Loan Note Instrument, and complete project specifications. These documents provide in-depth insights into all aspects of the investment opportunity.

Important Notice

This investment opportunity is exclusively available to certified high net worth individuals and self-certified sophisticated investors. Potential investors must conduct independent due diligence and seek appropriate professional advice. Past performance is not indicative of future returns.

Contact Information

For detailed information about this investment opportunity, interested parties can reach the Northumberland Living team by telephone at 0191 9228590, via email at info@northumberland-living.com, or through their website at www.northumberland-living.com.

Frequently Asked Questions

What is the minimum investment required?

The minimum investment amount for the Ravensmount development is £10,000.

What are the investment return options?

Investors can choose between two return structures:
Income option: 3% paid quarterly (totaling 18% over the 18-month term)
Growth option: 20% paid on redemption at the end of the term

What is the total investment raise and expected GDV?

The total raise for this development is £2.5 million, with a Gross Development Value (GDV) of £4.5 million.

What is the total investment raise and expected GDV?

The total raise for this development is £2.5 million, with a Gross Development Value (GDV) of £4.5 million.

What is the investment term?

The investment term is 18 months, which aligns with the expected development and landscaping timeline.

How is investor security structured?

Security is provided through two main mechanisms:

A debenture over the Company and its assets
A guarantee and Equitable Mortgage over the SPV Company and its assets, held by Alpha Trustee Services Limited

Who is the Security Trustee?

Alpha Trustee Services Limited serves as the Security Trustee. They are part of the Alpha Group, which includes Alpha Independent Financial Planning and Alpha Commercial Finance. Their directors have over 30 years of experience in finance, investment, commercial and construction sectors.

How will the investment funds be used?

Purchase and renovation of the building
Development of a bungalow in the grounds
Costs associated with varying planning permission
Professional fees
Contingency fees
Associated fundraising costs The developer will contribute 20% alongside the investment funds.

What is the exit strategy?

The development plan includes:
Selling a number of apartments off-plan
Retaining several units
Refinancing to repay investors
Converting retained units into holiday lets within the Northumberland Luxury Stays portfolio

What is the track record of Northumberland Living?

Northumberland Living has over 20 years of experience in both listed building restoration and new home construction, with completed projects valued at over £45 million. Their successful developments include Frenchgate in Richmond, St. Georges Place in Harrogate, Burn Brae in Hexham, and Laurels Quays in North Shields Royal Quays Marina.

What makes Alnwick an attractive investment location?

Alnwick has been voted the best place to live in the UK and is one of the country’s top tourist destinations. The area has seen significant growth, with the North East region securing over 8,500 inward investment jobs from April 2021 to March 2022

People Also Like to Read...