I am sure you have heard me talk many times about the importance of networking. Networking not only helps you to build up your contacts, it can also help you to learn from other successful investors and occasionally it can pay you as well. What do I mean?
Well I have been approached by a developer who has asked me if I know anyone who would like to buy a piece of land which he has for sale in Estonia. He is prepared to pay a generous commission!
I must admit that no one springs to mind instantly, but then I thought that I am sure I must know someone, who know someone who may be interested in such an investment. So I thought I would ask for your help. If you know someone who would be interested in the development below talk to me as I am prepared to PAY YOU up to £100k if your contact ends up purchasing this piece of land.
Just to stop the phone ringing off the hock from people who want to earn an easy £100k this investment may only be right for a few people. Here is an outline of the details:
The plot of land is in Tallinn which is the capital of Estonia. The project is in the final stage of planning with only the environmental search to be done which takes about 3 months.
The total sales value once buildings have been completed will be £42.4 million. With a build cost of £20.9 million and a land cost of £10.5 million will give a net profit of £11 million. Too rich for me but maybe you know someone who plays in this level of investment.
Here are some key points about this development opportunity:
- Prime river location
- 20 minutes from airport
- Within city boundary
- European investment into nearby roads
- Easy access to St Petersburg highway
- Countries top architect working on the project
- English speaking project manager
The first question I asked the developer was why he is selling such a prime bit of land? His answer, a good one I felt, was that he did not have the £20.9 Million required to develop it, but by selling this plot (worth about £10.5 Million would help raise some capital from him to build some of his other plots.
So no time wasters please but if you have genuine contacts who would be interested in this kind of development then let me know ASAP.
If you are reading this thinking you don’t have many investor contacts then you need to get to some more property networking events. From January we want to list as many property networking events on our website as possible to give you more opportunities to build your personal network. We need your help to keep this information updated. If you know of an event that we have not listed please email us to let us know about it.