Reasons to Invest
- An asset backed, secured investment
- Exit assured after 3 years
- Secured by £3.5M worth of property
- 10% p.a. paid quarterly from month of investment
- 125% buy back after year 3
- 150% buy back at year 5
- Average return over 5 years: 20% a year
- Defined Exit Strategy
About The Convent
An asset-backed investment secured by actual ownership of several buildings, each with separate title, within The Convent complex.
The first phase of The Convent is now complete. Our target was to raise £2.1m via crowd funding, which we reached within the 6 months target almost to the day!T
he Convent Club is now fully subscribed with over 350 members, the restaurant ‘Serendipity’ has been launched to critical acclaim from the diners, and the first 6 rooms are already taking bookings.
Furthermore, the Chapel has broadcasted the worlds first ever Pay to View live concert and has an active forward bookings of artists (www.netgig.co.uk).Following the successful sellout of the first phase, we are pleased to announce the launch of phase two of the project.
The next 12 months will see the completion of 44 suites within the complex, 24 of which are due for completion by Christmas. The whole Convent will be complete by May 2015.
What is CrowdFunding?
Crowd funding has enjoyed a huge surge in popularity over the last two years. It essentially involves the ‘crowding’ together of large numbers of people with a common interest.
These people pool resources, usually via a web platform, to support or invest in a specific company, creative project, investment or now, for the first time, in a hotel project.
Our crowd funding model allows investors to invest relatively small sums whilst benefitting from the levels of return usually achievable only by those investing much larger amounts.
Using an innovative block booking model, The Convent has secured provisional bookings for the whole of the first 3 years from opening at 100% occupancy.
During weekdays, block bookings will be taken for the chef’s school, yoga/ meditation retreats, art classes and writing courses.
A large number of provisional bookings have already been made including Stage Ed, a school run by West End performers running a weekly course (each quarter), best selling author, Mark Billingham, running crime writing courses, Chris Difford (from Squeeze) running songwriting weeks and Boo Hewerdine, (one of the country’s leading songwriters) running his music workshops.
It is through this innovative model that Sunday to Wednesday of each of the first three years after opening have already been provisionally booked. Thursday to Friday of every week have been block-booked by Netgig, the internet broadcasting company that is operating from The Chapel.
Netgig in turn will be marketing joint ticket and accommodation packages to their database for comedy, Ted-style lectures and live unplugged concerts. They already
have a large number of top artists lined up to play at the venue.
Other revenue streams include the members club (which has already exceeded its target of attracting 350 members), the spa, two bars, the restaurant and lounge dining, plus corporate and private venue hire.