The following examples provide an indication of the nature of the property
investments that have been established:

Balham Park Mansions, Balham Park,
London, SW12

• The property, called Balham Park Mansions, comprises a collection of 13 modern 3 bedroom apartments that have recently been renovated and fitted out with up market fittings, including bespoke bathrooms and kitchens.

• It is well located in Balham Park Road, SW12, in close proximity to the Balham tube station, in the borough of Wandsworth.

• The property was favorably priced below market value as a result of an off the market distressed sale situation, with the bank's valuation being significantly higher than the acquisition price.

• The property was financed utilizing the current low interest rates and produces surplus cash after bond amortization.

• The projected return to investors has been conservatively estimated at 75% over 5 years or 15% pa (11.85% pa compounded).



White Hill House, 53 – 55 Balham Hill Road London, SW12

• The property, called White Hill House is centrally located on Balham Hill Road, London SW12. The property will be totally renovated to create 5 self contained apartments consisting of 3 two bedroom apartments and 2 one bedroom apart- ments.

• The property is situated in a prime location a short distance from Clapham South underground station providing excellent transport facilities to the city.

• The property is surrounded by green parks between the commons with a wide range of shops, bars and restaurants on Balham Hill Road.

• Planning permission has already been granted for the development which is expected to take approximately 8 months to complete. The development targets the type of apartments which are in the greatest demand for rental and for which there is a current lack of stock in the market.

• The property is favorably priced below market value due to the fact that it is currently not configured as apartments.

• The projected return to investors has been conservatively estimated at 16% pa for the 8 to 10 month development.

• Once completed a decision will be made to sell the properties or to lease the apartments for long term cash flow.