The project Villa Bel air by Tokimo

Review of the project Villa Bel air by Tokimo

Review's score :

This review is proposed by Sébastien on 26/01/2024

⏰ The project starts on 01/02/2024 20h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 100€

🤖 Review's summary

Villa Bel air project analysis by Tokimo

The Villa Bel air project is a simple buy-and-sell project without any renovation work. It involves the acquisition of a 220m2 villa on a 1,994m2 plot of land, which will be divided into two lots. The first lot will include a 1,173m2 building plot with a 142m2 right of way, and the second lot will consist of an 821m2 plot where the current villa is located.

Strengths

High yield of 11%
Operator's commitment of 23.7%
Good mortgage coverage of 95%
Location in a residential area with amenities nearby
Acquisition price below market average with a discount of 17%
Positive track record of the operator with successful projects

Weaknesses

Lower yield compared to recent projects at Tokimo
High Loan to Acquisition ratio of 104%
No pre-marketing for the project
Personal guarantee not considered
Newly registered operator with no financial data available

Warnings

Low Loan to Sale ratio of 69%
High Loan to Construction Cost ratio of 100%
No margin in the pessimistic scenario with a 10% decrease in selling price
No pre-marketing for the project
Right of way on the building plot

Overall, the Villa Bel air project seems to be a simple project with good mortgage coverage. The attractive selling price increases the liquidity of the property. However, there are some weaknesses and warnings to consider, such as the lower than average yield, high Loan to Acquisition ratio, and lack of pre-marketing. The track record of the operator and the location of the property are positive aspects of the project. It is important to note that the operator is newly registered and has no financial data available. Considering these factors, it would be wise to proceed with caution and conduct further due diligence before making a decision.

With its attractive selling price and location in a residential area, the Villa Bel air project has the potential to attract buyers. However, the lack of pre-marketing could pose a challenge in finding potential buyers. It would be beneficial for the operator to explore marketing strategies to increase visibility and attract potential buyers. Overall, while there are some concerns and uncertainties, the project has potential and with proper marketing efforts, it could be a successful endeavor.