Key Facts
Introducing 52-62 Borough Road, the ONLY Shariah equity property investment in the UK. The project is a redevelopment of a prominent office building in central Middlesbrough into 25 self-contained student accommodation units.
What makes it Shariah Compliant?
Our dedicated team has collaborated extensively with Shariah experts to structure an investment that fulfills all the requirements of Islamic principles. From its foundation to the ongoing operations, we have left no stone unturned in ensuring this investment remains completely compliant with Shariah guidelines.
- The property comprises a three-storey building that has been extended to the rear and attic space to provide office accommodation and staff amenities across all floors.
- The property has been occupied by a local Solicitor’s firm, Freer Askew Bunting, for a number of years and benefits from off street parking to the front and rear.
- The project has an excellent location being so close to Teesside University and has the demand for additional high quality Student accommodation in this area.
- Timeframe: 18 months
- Purchase price – £611,500
- Development cost – £1,005,540
- Total development cost - £1,617,040
- GDV – £2,166,167
- Development profit - £549,627
- Margin on GDV (before Corp Tax)- 34%
- Margin on GDC (before Corp Tax)- 25%
To find out more about this Shariah-compliant opportunity please visit: News & Insights: A Shariah-compliant equity property investment