The project Le Phocéen by Wevest

Review of the project Le Phocéen by Wevest

Review's score :

This review is proposed by Hélène Mayet on 19/03/2024

⏰ The project starts on 19/03/2024 10h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Project Analysis: Le Phocéen chez Wevest

Overview

Investment opportunity analyzed by Hélène Mayet to take place on March 19, 2024, at 10:00 AM.

Analysis

Overall Opinion: The potential profit margin is attractive, but the mortgage guarantee is very low. Hélène would not personally invest in this project.

Marc's Review: The project shows promising signs with a pre-sale agreement without financing conditions, although the mortgage guarantee is weak. The location is good but the property value is hard to estimate.

Project Details

Type of Project: Purchase - renovation/construction - resale
Amount to be financed: 400,000 EUR
Repayment: Capital - In Fine, Interest - In Fine
Operational request: Financing for the renovation of a 482 m2 space to be converted into a co-working space.

Analysis Highlights

Strengths: High projected return of 11%, operator's strong commitment, prime mortgage guarantee.
Weaknesses: Low mortgage coverage, uncertain health of operating company, average neighborhood appeal, no property photos available.

Location and Surroundings

The property is located in Marseille, the second-largest city in France, with a population of 870,000. Despite the less attractive neighborhood, the area is relatively quiet with easy access to transportation and amenities.

Final Thoughts

While there are some concerns regarding the project, such as weak mortgage coverage and neighborhood conditions, the high potential return and strong operator commitment make it a promising venture for investors seeking a challenging opportunity. Remember to use the code MBS for a 1% cash back on your investment!

For more information and to participate, visit Wevest.

Historial rates of return Wevest

Investor votes results for the project: Le Phocéen

38 voters
👎61% 👍13% 🤷11% 🏳️16%
To vote :

Hélène Mayet
My name is Hélène Mayet, I am an HR Assistant, I also have a self-employed English course business at home. My investments started in 2020 with shares on the stock market. Little by little I became interested in ETFs, particularly on the S&P500 and in real estate. While researching real estate and its opportunities, I discovered Crowdfunding in which I began to invest in 2022. I mainly invest in La Première Brique and Upstone.