S

Introducing Summerhouse, Kingswinford

A Contemporary Residential Development of 14 houses

in The West Midlands
2 Summerhouse Kingswinford

Risk Statement
Investing involves risk, including loss of capital and illiquidity and it should be done
only as part of a diversified portfolio. Investing into this project is only for investors
who understand these risks.

Any losses from this investment are not eligible for compensation from the
Financial Services Compensation Scheme (FSCS). Please read the full Risk Warning
on our website before deciding to invest (http://www.coynegroup.co.uk/informa-
tion/3/risk-disclaimer).

All investment activities take place within the United Kingdom, and any person
resident outside the United Kingdom should ensure that they are not subject to any
local regulations before investing.

Coyne does not make investment recommendations to you. No communications

from Coyne should be construed as an investment recommendation. If you have any
doubt about the suitability of investing in this opportunity, you should seek
advice from an appropriately qualified professional.

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
3 Summerhouse Kingswinford

The Opportunity
Summerhouse is a contemporary development of 14
town-houses in Kingswinford in the West Midlands.
Coyne are developing two different house types to a
luxurious specification, including Porselanosa kitchens
and Roca bathrooms, offering the buyer a home
finished to an exemplary standard, with the added
benefit of hassle free access to the busy metropolitan
areas nearby.

The Investment
The projected time line for this project is 11 months and
is forecast to return 22.8%*. Equity is deployed into this
investment via shareholding to a Special Purpose
Vehicle (Ltd company) which owns the asset. Coyne
have a management agreement with the asset owner to
gain planning permission, construct and sell the
development.

22.8% Projected
ROI in 11 months*

Planning Permission
Planning permission has been granted for
Summerhouse which greatly reduces the risk of the
project being delayed.

Coyne has also already sold four houses within this de-
velopment without construction commencing.

Capital at risk and returns are not guaranteed.

*

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
4 Summerhouse Kingswinford

INVESTING IN
THE WEST MIDLANDS

Summerhouse is a stunning boutique development of fourteen modern

townhouses. In the heart of Kingswinford, these homes are set within a
prime location offering aspirational living on the outskirts of
Stourbridge, within easy reach of an array of local amenities, as well as
outstanding schooling and excellent transport links.

Thoughtfully designed and built by Coyne Group, this inspirational

development has been created to capture the essence of modern day
living, offering prime living space and design. There are two property
types: The Pavilion and The Belvedere, both arranged over three storeys
with every design aspect considered to ensure these homes offer exactly
the kind of flexibility that appeals to young professionals, growing
families and investors alike.

Inspired by the leafy setting and countryside beyond, Summerhouse

development has been sympathetically designed, mixing modern with
traditional, with exterior elevations that combine timber-effect cladding
with brick to create contemporary homes.

Once inside, you’re greeted by an entrance hallway that flows seamlessly

into the main living area with its ultra sleek, open plan Porcelanosa
kitchen-diner featuring a Porcelanosa tiled floor. This is the hub of the
home, perfect for day-to-day living. The open plan feel is
complemented by double French doors that open to the rear garden,
helping create a light and airy feel throughout. A guest cloakroom and
utility room complete the ground floor.

The carefully considered interior of each Summerhouse home

compliments the exterior with a scheme that is suitably as
contemporary. The upper floors of both The Pavilion and The Belvedere
offer three substantially sized double bedrooms. Two of which feature
Roca en-suite shower rooms with Vado brassware, the third bedroom
is serviced by a ‘Jack and Jill’ style Roca family bathroom, enhanced by
Vado brassware. The master-suite incorporates the whole of the third
floor with a walk-in closet, spectacular en-suite and the enviable wow
factor of a Juliette balcony. Sun tunnels and roof lights also allow natural
daylight to stream into the space below, bringing a light and airy
atmosphere to the master-suite.

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
6 Summerhouse Kingswinford

INVESTMENT SECURITY

First and foremost, we must highlight that Coyne Group do not
receive any investment equity, nor have control of those funds at
any point in the investment life cycle. Once deployed the
investment funds are ring fenced in a project specific SPV.
Investors join the project by investing their equity as a loan to the
SPV or becoming a shareholder within the SPV. Regardless of the
chosen investment method, each investor who joins the project is
protected with a second charge against the asset or a security trust
agreement.
On any project, the first charge will always be to the senior lender
i.e. the bank/boutique fund/family office who is supplying the
primary debt and then the subsequent second charge the investors.
This, combined with Coyne taking the roll of the developer in the
project mean the investor risk is greatly mitigated throughout the
duration of the project.
The SPV engages the Coyne through a comprehensive management
agreement to deliver planning, construction and sales according to
the nature of the project.
Corporate governance is achieved as all invoicing is instructed by
the independent accountant and all significant decisions relating to
the SPV being made via the director and shareholders.
On completion, the profit distribution is 65% to investors and 35%
to the developer, thus we are inextricably linked; Coyne are not
only legally bound to deliver the project but intrinsically, through
the profit share, are motivated to ensure a profitable outcome for
the project.
Please note, Coyne Group is not authorised to and never gives tax
advice, it is your responsibility to seek appropriate independent
financial advice).

Development
Management JCT Work Contract
Appointment
SPV Programme Budget Investment
New Company Owning Build Standard
Roles & Responsibilities Exit Strategy
The Development of Coyne Wealth SPV Health & Safety
Investors Risk Management
OWNERSHIP Property Sale
G R O U P U K LT D BUILD
Profit Share Agreement

Land & Property 1ST CHARGE

Bank

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
8 Summerhouse Kingswinford

INVESTMENT STRUCTURE

“Our in-house construction and We have changed our investment structure. Up

until this project, we raised equity for our developments
finance teams provide a wealth of in two tranches. Typically, this consisted of an initial
knowledge & industry experience campaign for acquiring planning permission and a
secondary campaign for the construction phases. We
to support each development we found this structure presented significant hurdles which
undertake. Combine this with the then impacted the development process, and lessened the
removal of commitment fees, we projected returns we could provide for our investors.

now offer an unmissable Using this knowledge, we have re-designed our

investment opportunitiy” Mike Planning Gain Build Out
structure with two main objectives in mind; to streamline
the investment life cycle and to create a more hospitable
Coyne investment environment for our clients. To do this, we
now raise equity for a project in a single campaign.

Projected
22.8% ROI

11 Month Projected Time Line

Obtaining planning permission Construction phases through to completion of the development

for the development

Planning permission has been The construction phases are ready to begin. The ground works are due to start 3rd December 2018, after we have made considerable progress with
granted for this development this part of the construction programme we will erect the site hoarding. We do this to prevent damage to the signage to not tarnish the
appearance of the site in the local area.

Throughout the project, we will provide in-depth project reporting. This provides transparent insight into your investments progress. Our Investor Relations Manager will
provide monthly updates incorporating key variables such as; funding, marketing, construction, SPV changes & exit strategies

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
A property in Summerhouse brings you the best of both
worlds. Where you’re close to Kingswinford’s idyllic village
and thriving high street, yet minutes away from glorious,
open countryside. By day, the town of Kingswinford offers a
mix of independent and high street shops and cafes. As well as
places you can go to get your heart pumping, from DK Rugby
Football Club and Himley Cricket Club to Kingfisher Health
and Fitness.

By night, Kingswinford offers a choice of restaurants to suit

all tastes from Indian and Chinese to traditional pub grub. You
also have the town of Dudley on your doorstep, offering an
even greater choice of shops, eateries and anything else you
could ever need locally.

If you’re looking for schooling, Kingswinford is ideal. For

little ones, there are four good primary schools in the area.
Bromley Hills Primary School is virtually on your doorstep and
has a very good Ofsted report. While just over a mile away is
Church of the Ascension C of E Primary School, which has the
best performance rating and Ofsted report*. Children a little
older? No problem. You have Crestwood Secondary School and
Summerhill Secondary School close by, which also boast the
best performance rating and Ofsted reports.*

Kingswinford has a buzzing commercial centre too, with two

major industrial trading estates: the Dawley Brook Estate and
the Pensnett Trading Estate – the largest fenced industrial
estate in Europe, so the area offers good local employment
opportunities too.

Kingswinford also gives you convenient access to the M5 and

M6 motorways for easy commuting into nearby areas of
Wolverhampton, West Bromwich and Walsall, not to mention
the commercial and cultural mecca that is Birmingham and its
international airport for those escapes to the sun.

*
According to findmyschool.co.uk
12 Summerhouse Kingswinford

UNDERSTANDING THE
FINANCIALS

Sales
Summerhouse GDV £4,225,000.00
Selling Costs £65,100.00
Summerhouse NET Sales £4,160,000.00

Costs
Planning & Pre-build £1,064,600.00
Build Costs £1,914,300.00
Finance £705,900.00
Total Costs £3,684,800.00

Profit
Net profit £475,100.00
Total Investor Profit £332,600.00
Developer Profit Share £142,500.00
Return on Investment 22.8%*
Annual ROI 24.9%*

Funding
Total Investment £1,456,200.00
Senior Loan £2,228,700.00
Total Funding £3,684,800.00

*
Note that this ROI is not guaranteed. An increase in development spend and/or a decrease in GDV will
result in a lower ROI. Conversely a decrease in development spend and/or an increase in in GDV will
result in a higher ROI.

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
14 Summerhouse Kingswinford

A smooth exit away from the investment is

crucial, both for us and for our clients.

The designated exit strategy for Summerhouse utilises our

partnership with Connells estate agency.

We have successfully exited several developments using our

network of estate agents and have already sold 4 houses
within the development, indicating the forecast success of
these houses.

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
16 Summerhouse Kingswinford

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
18 Summerhouse Kingswinford

Next Steps
If Summerhouse Kingswinford residential
development is an investment opportunity you
would like to explore further, please get in
touch with us to speak to one of our specialist
consultants.

By telephone
01275 866445
By email
info@coynegroup.co.uk
By social
@coyneinvestment

Or if you prefer putting pen to paper, you can

write to us at:

The Coyne Group

Quays Office Park
Conference Avenue
Portishead
BS20 7LF

Coyne Group | Quays Office Park | Conference Avenue | Portishead | BS20 7LF
 Disclaimer: Please note that Coyne Group UK Ltd is not authorised or regulated by the Financial
Conduct Authority and is not permitted to offer financial or investment advice to UK resident
investors, whether or not the intended investments are regulated or unregulated. We strongly
encourage all prospective purchasers to consult an FCA-authorised Independent Financial Adviser
before committing to any form of investment. This is not an offer to participate in a collective
investment scheme as defined in section 235 of the Financial Services and Markets Act (2000) and
Investors will not have access to the Financial Services Compensation Scheme or the Financial
Ombudsman Service.

This document is intended to provide general information concerning the proposed development,
construction and the management of ‘’The Development’. The information provided has been
prepared in good faith and to give a fair overall view of the Development. Photographs and
electronically generated images, furnishings and accessories featured are for illustrative purposes only.
All information provided by us at our web site or otherwise is provided on an illustrative basis. This
document is for the sole use of potential business partners and/or prospective purchasers. It is your
responsibility to seek all appropriate commercial, tax and legal enquiries and advice is taken before
entering into a legally binding contract to purchase a property forming a part of the development.
Copyright in and to this document belongs to Coyne Group UK Ltd. Coyne Group UK Ltd is a registered
in England & Wales: Quays Office Park, Conference Avenue, Portishead, BS20 7LF No: 04246869

Past performance is not a guide to future performance. Investment value may fall as well as rise, as a
result of market and currency movements.

All figures in this document are forecasted against a live appraisal and subject to change. The figures
in this document were correct at the time of publishing on 21/02/19. An on-boarding fee of £199 will
be charged on all initial investments (not subsequent) for all administration, Know Your Client (KYC)
and Anti Money Laundering monitoring (AML) for the duration of the relationship with Coyne Group
(UK) Limited.

The Wise Way To Invest In Property

info@coynegroup.co.uk | 01275 866445
The Coyne Group | Manor House | Quays Office Park | Conference Avenue | Portishead | BS20 7LF