Andrew Reeves Property Ventures has launched five new property investment funds targeting clients wishing to cash in on the buy-to-let market without becoming a landlord themselves.
The minimum investment into each fund is £30,000 for a maximum of 50 shareholders. Andrew Reeves estimates that over the five to seven-year life of each fund, shareholders’ interest should increase by 14% to 19% a year, subject to an average 6% growth in the values of property held by the funds.
Andrew Reeves, chairman of the group, said: ‘We are offering investors the opportunity to spread their funds across a buy-to-let portfolio and share in the profits from the refurbishment and resale of property.’
Three-quarters of each fund will be invested in buy-to-let properties, with the remaining 25% being used to acquire London residential properties for refurbishment and resale.