The project Harvey - Biscarosse David Douillet by Bricks

Review of the project Harvey - Biscarosse David Douillet by Bricks

Review's score :

Score details

To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 4

Criteria	Points
mortgage coverage	∅
optimistic scenario margin	∅
pre-commercialization	∅
track record	🟥
location	∅
in the vicinity	🟩
yield	🟩
LTA	∅
LTS	🟩
operator commitment	∅
sales price	🟩
permanent loss	∅
late projects	∅
price trend	∅
urban planning risk	🟩
debt to equity	∅
debt to asset	∅

This review is proposed by Damien Cuyala on 10/09/2024

⏰ The project starts on 12/09/2024 12h30
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 24m
💼 Minimum amount to invest is 10€

🤖 Review's summary

Project Analysis: Harvey - Biscarosse David Douillet chez Bricks

Overview

The project involves the development of an innovative hotel residence named Harvey Biscarrosse, scheduled to open in 2025. It aims to offer accommodation, coworking spaces, dining options, and sports/relaxation facilities in an environmentally friendly, inclusive, and supportive setting.

Evaluation

The project has a very low guarantee for investors, minimal operator commitment, a great location, and a nice project concept. However, there are significant concerns and risks highlighted below:

Pre-Sales: No pre-sales have been completed, posing a risk of low initial occupancy rates.
Operator Health: No information provided, indicating uncertainty about the operator's financial stability.
Location: The project is situated in a town with less than 10,000 inhabitants, raising doubts about demand.
Optimistic Scenario Margin: Indicating a low margin of profitability under rental operation initially.
Operator Engagement: The operator's commitment is rated low at 11%, suggesting a lack of dedication to project success.
Geopolitical Situation: The project is based in France, subject to local economic conditions and regulations.

Conclusion

Overall, the Harvey - Biscarosse David Douillet project presents numerous red flags that should concern potential investors. The lack of pre-sales, operator information, and the operator's weak engagement level all contribute to the high-risk profile of this venture. Coupled with the uncertain demand in a small-town location, the project's sustainability and profitability are questionable. Investors should approach this opportunity with caution and conduct thorough due diligence before considering any financial commitments.

Historial rates of return Bricks

Investor votes results for the project: Harvey - Biscarosse David Douillet

31 voters
👎65% 👍6% 🤷6% 🏳️23%
To vote :

Damien Cuyala
Damien, 41 years old, I am a business manager in nuclear valves, I also have a company in the distribution of everyday products in short circuits with the credo of "made in France". I started at a young age to learn how to invest in the stock market in dividend stocks, ETFs, and from 2021 on small cap equity strategies, and recently I have been learning about options. In June 2022, I started real estate crowdfunding and I have invested a little over 73 Keuros since then, my investments are distributed across the following platforms: ClubFunding, Raizers, La Première Brique, Upstone, Baltis. I attach great importance to spending time analyzing each project before making the best decision for my investments. Finally, I also have investments in crowdlending, mainly on Lendermarket to diversify my assets as much as possible.