SEG Joint Venture Project with a Landowner in Seaton, Devon

Alongside our services as a Main Contractor SEG also offer specialist solutions for landowners who are considering developing their assets, providing the opportunity to see a far greater return on investment than simply selling the land on to a Developer.

When you engage SEG to fully manage and fund the development of your site we can typically generate an uplift of between 50-80% on the value of your land. Our service provides a tailored and transparent process, coupled with the confidence of knowing that we are a Chartered Company approved by CIOB.

We are able to provide this significant uplift by taking a different approach to this joint venture:

• We obtain a land value and GDV from a RICS approved surveyor.
• We complete the build out.
• The balance of the land value and development cost is then paid on sale of units.
• You receive the developers profit, approximately 50-80% uplift on the land value.
• One of only 450 Chartered Building Companies
• ISO quality management system
• We work with you to provide a cost or solution to match your development budget.

Our most recent venture of this kind is in the seaside town of Seaton, South Devon, a breakdown of the key figures along with some images are shown below:

On-market land value - £1.1M

SEG proposal - net profit - £2.1M

Summary

GDV value - £4.8M

Day one payout - £500,000

Development costs - £2.7M

Net profit after sales - £1.6M

Total return on land - £2.1M

If you would like to discuss your project we would love to hear from you, please contact the office on 01803 752996 or alternatively by email to info@segconstruction.co.uk