With the number of staycations in the UK rising, the country needs more luxury holiday sites to meet the demand for this trend. Assetz were always on board, they totally had the same vision and backed it from the off and thats why they made the whole process very easy.
Roseberry View Luxury Lodges
Commercial Mortgage
Roseberry View is based in Great Ayton and consists of 10 eight-berth luxury lodges, situated around a private lake with views of Roseberry Topping and the Cleveland Hills. All lodges have a private hot tub and parking, with the site containing amenities including a play-park for children, a playground for dogs, BBQ area and a six-person sauna with a lake-side view.
Assetz Capital has supported director Andrew Platts with the funding for the development which included a commercial mortgage for the site and a two phase development loan totalling £2.2m. The first phase consisted of five lodges, associated finance and ground work costs. Further funding was then provided for five more lodges in order to meet demand. It has taken twelve months to complete the entire development, with the lodges becoming available for hire at the end of September.
£2.2m
Amount lent
60
months
Loan term
65%
LTV
Roseberry View
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