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Taylor Scott International-London Keston Plots(Investments)
propertyzote
#1 Posted : Friday, December 13, 2013 1:33:15 PM
Rank: Member


Joined: 8/25/2010
Posts: 283
Location: Nairobi
I was invited recently to property investment luncheon at the Laico Regency Hotel 2 weeks ago by this company. http://www.taylorscottinternational.com They did a pretty good presentation that my wife was so boxed in to the investment...but of courses I said..wait! Basically their specialty is spotting lucrative and unexploited income producing property, land, forestry and renewable energy investment opportunities for its clients. In this case they have a land in London Keston park. 9.53 Acres. They have virtual subdivided it into 100meter square portions equated to shares..Once they get all the approved plans and paperwork from the London authorities they will sell the land in 3-5 years time. Now with the price appreciated you make profits. What they are asking for is 1.9M for whole share of 100meter square, 0.9M for Half plot share, 0.5M for Quarter share. This is just a summary.. an wazuan invested into this. As per the company a good number of kenyans have invested in it..or is it just a marketing.. Am more of hands on entrepreneur who invests on what i have control over....why not by a plot in kenya.. Your thoughts..
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Ali Baba
#2 Posted : Friday, December 13, 2013 4:18:17 PM
Rank: Member


Joined: 8/29/2008
Posts: 571
Its not a bad idea.Its good especially If you live in London.Whether to buy in Kenya or UK is a matter of preference.
Gordon Gekko
#3 Posted : Friday, December 13, 2013 4:27:20 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
100 metre square is 10 metres by 10 metres. What can one put on a plot this size?
Horton
#4 Posted : Friday, December 13, 2013 6:33:29 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Price appreciation on land in the uk is quite negligible.
maka
#5 Posted : Monday, December 23, 2013 1:07:31 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Gordon Gekko wrote:
100 metre square is 10 metres by 10 metres. What can one put on a plot this size?


A tent...
possunt quia posse videntur
Chaka
#6 Posted : Monday, December 23, 2013 1:46:14 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Whats the tax ID for that company and have you or someone you know been to Keston park to verify that the land exists?
quicksand
#7 Posted : Monday, December 23, 2013 2:05:42 PM
Rank: Veteran


Joined: 7/5/2010
Posts: 2,061
Location: Nairobi
propertyzote wrote:
I was invited recently to property investment luncheon at the Laico Regency Hotel 2 weeks ago by this company. http://www.taylorscottinternational.com They did a pretty good presentation that my wife was so boxed in to the investment...but of courses I said..wait! Basically their specialty is spotting lucrative and unexploited income producing property, land, forestry and renewable energy investment opportunities for its clients. In this case they have a land in London Keston park. 9.53 Acres. They have virtual subdivided it into 100meter square portions equated to shares..Once they get all the approved plans and paperwork from the London authorities they will sell the land in 3-5 years time. Now with the price appreciated you make profits. What they are asking for is 1.9M for whole share of 100meter square, 0.9M for Half plot share, 0.5M for Quarter share. This is just a summary.. an wazuan invested into this. As per the company a good number of kenyans have invested in it..or is it just a marketing.. Am more of hands on entrepreneur who invests on what i have control over....why not by a plot in kenya.. Your thoughts..

That is the catch.
The whole thing sounds fishy, plus it is uncommon in Europe for land in an urban area to be subdivided for independent, uncontrolled development. You jave read sob stories of people having their houses pulled down for violating zoning and planning laws?
jaykay
#8 Posted : Monday, December 23, 2013 10:57:05 PM
Rank: Member


Joined: 4/6/2009
Posts: 78
Wow, it's hard to see flyers for plots in London.This looks very fishy.What about HM's Inland Revenue?Buying real estate in your name in the UK can make you a tax resident(yaani You may end up paying/owing taxes over there)

@Propertyzote:UK residents are obsessed with houses, apartments less enthusiastic about land.Never seen Syokimau style plots in those regions
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