When was the land in Nova Scotia, Canada purchased?
The land in Nova Scotia, Canada was purchased in 2007. Prior to purchase, Terra Firma, the development company, had carried out extensive due diligence and surveyed several potential sites in the Halifax area, before deciding that the 1,000+ acre site had the greatest potential for rezoning and achieving planning permission in order to develop Forest Lakes Country Club.
What is the current zoning (classification) of the land?
Currently the site is undeveloped. The land was rezoned in June 2008 to permit a ‘Resort Development‘ with many amenities including an 18-hole golf course, luxury boutique hotel, international conference centre plus a broad mix of residential housing on a variety of plot sizes and complimentary commercial outlets. The Development Agreement i.e. planning permission was achieved in August 2011.
What about taxes and fees?
The price you pay for the land includes all taxes and fees.
What is the expected capital gain?
For a limited period, the Development Company is offering a Fixed Return of up to 108% for investments over £20,000+. Contact Us for details.
What is the exit strategy?
There are multiple ways to exit the investment. In the first instance, the two primary options are to cash in your investment by selling it back to the development company or exchanging your land investment for a building plot. To discuss your exit strategy in greater detail, please contact us.
Can this investment be placed in a Self Invested Personal Pension?
If you are a UK resident, you can place this land investment in a SIPP with all the associated tax benefits. Click here for more information about SIPPs
