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Mustard Seed Property

Share Offer

£250 minimum (individuals), £1,000 (organisations)

Open share offers are subject to changes and updates as the project progresses.

Check back with this tab to find the latest project update.

Latest update: 04.10.2018

04.10.18

Mustard Seed Property have decided to extend their investment offer to the 30th November. Below is a copy of a letter from the MSP Directors explaining the reasons for the extension and how this might affect on the remainder of the raise.

Mustard Seed Property - Recent share offer

Dear Investor,

Firstly, I would like to thank you very much for your recent investment in Mustard Seed Property.

We are delighted with how this share offer has progressed, having reached the milestone of £300,000, which was the target of our minimum raise. In fact, we currently stand at a total of £323,400.

Following conversations between the Directors and Ethex we have decided that in order to make the most of this opportunity we are continuing our fund raise to get as close as we can to our original target of £600,000.

This will allow us to carry out refurbishments to a higher standard with particular thought to achieving both low maintenance and running costs where possible, and will strengthen the possibility of using appropriate low carbon technologies to reduce the utility bills for our tenants and simultaneously generate a return from feed-in-tariffs and/or renewable heat incentives.

Therefore, we plan to continue raising until 30th November 2018, so please share the Mustard Seed Property offer with your network of friends and family, as if they are interested there is still time for them to invest via Ethex.

This continuation of raising does not affect your investment, and if you have paid for your share allocation, we will be issuing you with a share certificate shortly to reflect your holding in Mustard Seed Property.

We will also be writing to you over the coming months to update you on the progress we are making, as we start our exciting journey to provide housing and support to nine vulnerable adults with learning difficulties in Cornwall.

Once again thank you for your investment and support

Update: 31.07.2018

Mustard Seed Property have decided to extend their investment offer to the 30th September.  Below is a copy of a letter from the MSP Directors explaining the reasons for the extension and how this might affect on the remainder of the raise.

Dear Friend of Mustard Seed Property,

Thank you for your ongoing support of our work. We are writing with an update to Mustard Seed Property’s work and our investment raise.

The Directors of Mustard Seed Property (MSP) have decided to extend the offer deadline from 31st July 2018 to 30th September 2018, to enable more people to have the opportunity to invest and reach the initial targeted minimum raise amount of £300,000.

As you are aware MSP is going to help the lives of vulnerable adults across Cornwall and the Isles of Scilly, by the purchase of at least one new property in Cornwall. Your investment will enable us to create valuable space for vulnerable people to flourish.

MSP has a proven track record of paying annual interest rate to investors, and with your investment are targeting an annual interest rate of 4.5%. As with any Community Share Offer, annual interest is paid at the discretion of the directors of MSP and is not guaranteed.

We thank you for your continued support of MSP, hope you will remain pledged during this extended period and would really appreciate if you could spread the word about this great community initiative, that will benefit so many vulnerable adults in Cornwall.

Warm regards

Directors of Mustard Seed Property

 

Offer Closed

As of the 30th November 2018 this offer is closed

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