4 GREAT MOOR STREET Bolton, Greater Manchester 9% Yield 60% ROI PRE LAUNCH OFFER 5% DISCOUNT for early bird investors Prices start from 44,950
Low Entry Levels Invest from as little as 46,950 with no hidden costs for the investor. All Closing Costs Paid Other than the price of the unit there will be no other costs to be paid. Assured Rental Income Both during construction at 5% and 5 years post construction at 9% Net. Hands off Investment Properties managed by a proven management company with no management costs or service charges for the first 5 years. Optional Exit Strategy Optional buy back in year 5 at 110% of the initial purchase price. PROJECT SUMMARY Bolton is a developing city on the up and in the next few years really will rival some of the larger Northern cities as being not only one of the best cities to study in, but also one of the best places in which to live and own a business in. After a few months of negotiating, we are pleased to be in a position to offer our investors an exclusive opportunity to capitalise on the ever growing UK Student Accommodation market, which is currently is worth in excess of 2 billion. 4 Great Moor Street will consists of 140 Student properties, 119 en-suites and 21 studios and is located a mere 10 minutes walk from the main university campus in Bolton. Close to bars, restaurants and supermarkets the development will offer investors a lucrative opportunity to generate a 60% ROI in just 5 years. Prices start from only 46,950 and rent is assured at 9% net for 5 years. Solid Investment On going demand for this sector continues to increase whilst the market remains undersupplied.
THE UK STUDENT MARKET CONTINUES TO OUTPERFORM ANY OTHER ASSET CLASS The UK student accommodation market continues to grow faster than any other asset class currently and has done since 2011 according to the Knight Frank Student Property Index. The number of students - both local and international - continues to grow with a predicted growth rate of 15-20% over the next five years, according to the Global Growth and Prosperity report in 2013. Despite the pressures from the levy of tuition fees, as well as the recent recession, the industry has continued to grow. A DISTINCT UNDERSUPPLY A major driving force behind the recent growth in the student property market of late has been the distinct lack of supply of purpose built PBSA s. Some university centres have no private PBSA buildings and so, the entire reliance is on university halls which are often old, of lower standard and offer no decent facilities. What s more, given the UK government s recent pledge to introduce a No cap on the number of overseas students who come and study at our universities as well as the expected 5% increase of students intake in 2015, demand continues to outstrip supply across all major cities and a correction in the market looks unlikely anytime soon. Replacing HMO s (Houses in Multiple Occupancy) with PBSA s (purpose built student accommodation) has been a major movement from the conservative government, resulting in student accommodation becoming the top- performing property investment in the UK. Highlighted by the likes of Knight Frank, Savills and CBRE, over 6 billion has been spent on UK student property in the past years and globally the industry is now worth 200 billion, with 2 billion of this coming from the UK alone. No cap on the number of overseas students who come and study at our universities.
HMO RESTRICTION Prior to the arrival of purpose built student accommodation, students have typically either stayed in Halls of Residences or alternatively HMO s. Numerous City Councils have limited or completely prevented the number of HMO licenses awarded to landlords undertaking house conversions to house students. This is positive news for families, who have regularly been forced out of city centre housing because landlords were able to receive more rental income from STUDENT NUMBERS 3% RISE IN SEPT 2014 UK UNDERGRADUATES Source: Knight Frank 4% RISE IN SEPT 2014 INTERNATIONAL UNDERGRADUATES HOW ASSETS COMPARE Total returns year to September 2013 8% 7% 6% 5% 4% 3% 2% 1% 0% Student Source: Knight Frank All property Retail Office Industrial RECORD INTAKE OF STUDENTS IN 2014 Record numbers of British 18 year old, including rising numbers of women and students from deprived areas, are attending university this year, with more selective universities welcoming greater numbers of undergraduates. Figures show that nearly all universities in England have recovered from the slump in student admissions after 9,000 tuition fees were introduced in 2012. students. It is also a positive development for all stakeholders, The latest rise in student admissions, which takes the total including students, who will be moved from dilapidated up by almost 14,000 UK students (3.2%) to 447,450, will be houses into purpose built properties. PBSA provides a host of benefits, including better facilities, a more socially conducive environment but most importantly for investors RENTAL GROWTH 2014/15 ACADEMIC YEAR DIRECT LET YIELDS welcomed by all universities. In addition many of the fastest growing institutions in 2014-15 are post-1992 universities, which were able to take advantage of an additional more demand for PBSA type properties means increased 30,000 student places made available ahead of next year s returns and more capital appreciation. Regional 2.75% London 3.0% 5.75% WITHIN 2014 LONDON REMAINING STABLE REGIONAL abolition of student number controls. With the abolition of number controls next year the figure is set to rise and with the shortage of suitable properties to house students. This will place even further constraints on the undersupply, meaning there are better returns for Source: Knight Frank Source: Knight Frank investors.
DESTINATION BOLTON 1 Bolton, regarded as being one of the UK s friendliest town 4 Bolton is a major economic force, both within the Manchester City Region and has never been as prominent as it is today. In recent times across the UK in general. In recognising Bolton s strengths as a business location, the local economy has been transformed and today the many major companies have chosen to make Bolton their base including AXA, town revels in its status as being one of the more up and RBS, Hitachi and the UK s second most important grocery brand, Warburtons. coming towns in the North of England. 2 As the fifth largest employment location in the Northwest, Bolton is set to create more than 20,000 jobs in a variety of key growth sectors, which will attract hundreds of millions pounds worth of investment in the next 10 years. 5 Bolton is currently ranked one of the best places in the UK for start up businesses and is increasingly being recognised as a strategic investor s destination of choice. A key reason behind this is the high level of regeneration the town is currently experiencing. Driving through Bolton City Centre, one can t help but notice the regeneration and millions of pounds being invested in to revamping shop fronts, building new transport terminals and generally improving the overall look of the town. In the past few years alone, the city has experienced 3 Excellently located in the heart of the extensive transport immense regeneration and with many forthcoming projects in the pipeline, it s no wonder smart investors are choosing Bolton. network, with direct access to the M61, M60, M62 and M6, Bolton is close to Manchester City Centre and Manchester Airport, by both road and rail. In addition, Bolton s location on the edge of the West Pennine Moors, provides easy access to some of the UK s most beautiful countryside. 6 Bolton is home to the region s fastest growing profession-focused university, Bolton plays a significant role in the development of the knowledge economy in Manchester City Region and the wider Northwest as whole.
Thriving Local Economy The most self-contained economy in Greater Manchester. Has a higher business density in contrast to the rest of the Manchester region. The city has become a major Manufacturing Hub in the Manchester region. The Greater Manchester Economic Strategy anticipates that as part of the expected growth across Greater Manchester, Bolton will benefit from over 10,000 new jobs and 600 million in new private investment by 2017. WHY WHY BOLTON BOLTON Easy to Get To Excellent road links with direct access to the M61, M60, M62 and M6. Easy Air access from Manchester International airport just 20 minutes away. New 48m Travel Interchange destined to further improve travel links. Direct access by train from Manchester and London. Regeneration surges ahead Things to do The Bolton Innovation zone ( 300m), a major regeneration initiative set in the heart of Bolton town centre scheduled to create 4000 jobs. The Church Wharf Development ( 226m) featuring more than 340,000 sq ft of offices, 230 family town houses and apartments, a cinema, cafés, bars and restaurants, a hotel, shops and public spaces. Church Street ( 100m). The scheme will deliver 100 million of investment providing new retail, leisure and residential developments. Bolton One ( 31m), a completed joint scheme by Bolton Council, NHS Bolton and Bolton university to build a new Health Leisure and Research Centre. The Bolton Interchange ( 48m), a new travel hub and bus interchange. Over the next decade, planned investment across Bolton will generate nearly 20,000 new jobs and secure around 1billion in new investment. Community Health partnerships Plethora of Restaurants, cafes, cinemas and nightlife. Tourist attractions including Smithills Hall and Country Park, Last Drop Village, Barrow Bridge and the Bolton Steam Museum. The Bolton Food Festival is the largest food festival in the UK. Now in its 9th year, the festival continues to draw in visitors from all over the UK. Shopping - a number of shopping centres and markets including Bolton s award winning, indoor market.
BOLTON UNIVERSITY The challenges and opportunities of the current and future higher education environment place a great strain on today s universities. However, Bolton University is in a very strong position to capitalise on this and continues to attract more and more students. Having implemented significant academic initiatives, as well as investing heavily in infrastructure improvements, it is no wonder that the university continues to rise in notoriety and attracts thousands of students to its doorsteps. Bolton University recently announced a 150m transformation project, which includes among other projects, the 31m Bolton One building. This is just part of the university s effort to give effect to the Bolton Education Zone. Construction has also begun on a 10m technical college, which is destined to contribute to the further growth of the university. As well as these investments, the university has also planned the following investments in to infrastructure, contributing to its ambitious plans for the future: The new 10m National Centre for Motorsport Engineering. The new Queens campus offering subjects allied to Dentistry and Biomedical Science. The newly created Northern School of Theatre and Dramatic Arts. The new Law school in the iconic Le Mans Crescent. Bolton University only has two Halls of Residence, which it operates directly, providing 700 beds in total. However, with the increased number of students the university is attracting, Orlando Village and The Hollins are feeling the strain. There are five other student properties within Bolton that provide an additional 390 beds. With most houses in and around the university occupied by families, there exists a clear opportunity for an additional PBSA building to cope with the rising demand.
BOLTON BOLTON UNIVERSITY UNIRESITY Students 14,000 students currently. Intake expected to grow to 20,000 over the next four years. Fastest growing profession focused university in the UK. Demand for places outstrips supply by 5:1. = 5 students 1 place Ambition to increase international student intake by 5% year on year. Investment Newly completed 31m investment in to Bolton 1 Health and Leisure centre. 2.5m investment in to the improvement of the library facilities. 10m investment in to Arts and Media Facilities. 10m Centre for Motor Sport. 150m investment to come over the next 5 years. The fastest growing profession focussed university in the UK. Bolton Council Bolton has enjoyed a large rise in applications in recent years and have undertaken a multi million pound development programme to match. The Guardian International Focus Almost 10% of students are from overseas. Affiliation with over 70 countries globally including Malaysia, China and Singapore. 13 years experience building International Relationships. Most recommended University in the UK for International Programmes. Accommodation Undersupply Unlike neighboring towns, where number of beds is reaching saturation, Bolton has very little PBSA. Bolton University provides just 700 beds in two halls of residences. Undersupply has resulted in many students having to commute from far away locations. 4 Great Moor Street is to be the site situated closest to the university campus. A growing number of students creates a clear opportunity for new PBSA.
4 GREAT MOOR STREET This exciting opportunity centres around a very prominent site in Bolton Town Centre. The developer has acquired the site and has already obtained full planning permission to build a Purpose Built Student Accommodation building consisting of 119 en-suite pods and 21 Studios. Sizes will range between 12-29m² and all properties will be finished and furnished to an excellent standard. 9% Yield 60% ROI 4 Great Moor Street boasts world class facilities, including a reception area, communal kitchens, laundry rooms and landscaped gardens - everything a student needs to live in comfort. When the project is complete it will offer all students the very best in luxury living. The site is located in and amongst a busy area within Bolton Town Centre, on a key through route road connecting Bradshawgate to Moor Lane. The university campus is situated approximately 0.6 miles away from the site and can be reached in two minutes by car or around 10 minutes on foot, which makes the education zone easy to access from the proposed development. Bolton train station is located approximately 300m away and with the new, soon to be completed Bolton Transport Interchange literally opposite the site, nationwide transport access will be even easier than it currently is. Adjacent to the Interchange and approximately 4 minutes walk away from the building, there are two large supermarkets and just a couple of minute s walk from the site Bolton s main town centre shopping district and town centre conservation area can be found, making shopping an easy task for the students. The pleasant area of the town centre boasts a neoclassical setting, surrounded by many retail and service outlets, which are all located around the grade 2 listed Bolton town Hall.
LOCATION Universities and Colleges Bolton University 0.6m Bolton College 0.4m Shopping Crompton Place Shopping Centre 0.2m Bolton Market 0.2m Morrissons Supermarket 0.2m Middlebrook Retail Park 5.2m Entertainment Bolton Cineworld 2.2m Bolton Museum 2.2m Vue Cinema 5.2m Bolton Little Theatre 1.5m J2 Nightclub 2 min walk Health and Fitness Bolton One 6 min walk Sharples leisure centre 2.2m Virgin Active Bolton 2.2m Bolton Wonderers Football Club 7m Transportation Bolton Train Station 5 min walk Bolton Bus Station 5 min walk The New Bolton Travel Interchange 2 min walk Manchester City Airport 19m Hospitals / Medical Centres Royal Bolton Hospital 2.2m Bolton Medical Centre 1m 3D Medical Centre 0.8m DR Lyon and partners GP 0.2m Banks NatWest bank 5 min walk Barclays bank 5 min walk Halifax Bank 8 min walk LLoyds Bank 5 min walk Santander Bank 10 min walk Town of Bolton 4 Great Moor Street Morrisons superstore University of Bolton Bolton Train Station Highway links Town centre Rail links Distance radius 0m 100m 200m 50m 150m
PROPERTY SPECIFICATION 4 Great Moor Street has been designed by leading architects within the student property market and the building will be completed to an excellent standard. Using only the finest materials, the developer will spare no expense in creating the perfect building. Boasting amenities such as a Zen inspired garden and courtyard area, a state of the art games and communal room as well as a reception area, the development will create the perfect home from home for prospective students. Security will remain paramount in the building and CCTV will be present throughout. The rooms will be spacious and include all of the things students need to make themselves feel at home. Both the en-suites and studios will have access to their own private bathrooms that will comprise of a toilet, sink and shower. In addition they will come fully fitted with wardrobe space as well as a desk and chair for study. All rooms will be fitted with flat screen TV s and have microwaves as well as a kettle as standard. Communal kitchens will be equipped to a very high standard, complete with a slimline fridge, study area, ovens, as well as a communal TV and ample space for students to gather and convene. All properties will feature complimentary high speed WIFI throughout.
Reception Area Games Room Landscaped Gardens Laundry Room Retail Units on Ground Floor Bike Storage Area CCTV throughout Wheelchair Accessible rooms Rooms Single bed and Mattress 2 pillows, fitted sheet and Duvet Flatscreen TV Separate study and workstation area Fully furnished Lounge Area Study Desks and chairs Shelves Dining table and chairs 32 Flat Screen TV and wall bracket A modern rug Kitchen Area Integrated Slimline Fridge Built in electric hob (2 Ring) Microwave Oven Kettle, Toaster, Ironing Board and Iron Cutlery Knife, Fork, Spoon and Tea Spoon Crockery Dinner Plate, Side Plate and Bowl White 3 Piece Pan Set and Frying Pan Kitchen Utensil Set Pedestal Bin
KEY INVESTMENT HIGHLIGHTS En-suite pods starting from 46,950 Free Legal Fees* Studio s available from 57,750 Optional buyback in year 5 at 110% 9% Net Assured Income for 5 years 50% deposit required on exchange 5% Interest on deposit monies during construction and deducted off final payment *Free legal fees are only payable if you use a lawyer of the developers choice.
EN-SUITE STUDIO Sales Price 46,950 Sales Price 57,750 50% Deposit on Exchange 23,475 50% Deposit on Exchange 28,875 Legal Fees Paid Legal Fees Paid Total outlay on Exchange 23,475 Total outlay on Exchange 28,875 50% Balance on completion 23,475 50% Balance on completion 28,875 Total Investment Outlay 46,950 Total Investment Outlay 57,750 9% Assured Return years over 5 years 21,128 9% Assured Return years over 5 years 25,988 Assumed Capital Growth @ 2.5% pa over 5 years 6,167 Assumed Capital Growth @ 2.5% pa over 5 years 7,589 Total Return after 5 years 28,469 Total Return after 5 years 33,578 ROI in after 5 years 60% ROI in after 5 years 58% Disclaimer: Nb Assured rental payments may vary from month to month due to the number of days however will be aggregated across the whole year. The figures above are intended to be used as a guide only and like with any other investment the value can go up or down. NOTES 1. This drawing is copyright of BLOK architecture Ltd 2. Do not scale from this drawing 3. Use figured dimensions only - 00.00.00 ABC - - rev. date drn aud drawing status
A WORLD CLASS PARTNERSHIP Developer with 10 years experience 3 Student projects already completed 1000 beds currently under management The developer of this iconic site will be Franklin International and the management company will be Real Student Living. With both companies offering a wealth of experience within the Student Accommodation industry, it creates the potential for a world-class partnership. Having completed a number of projects in the North of England, Franklin, together with its partners, are specifically renowned for developing high quality student accommodation. Some of the developers completed developments are: Appleton Point Bradford 160 unit purpose built student accommodation completed 2014. Hockney Court, Bradford development of 48 student units completed in 2012. Venture Business Centre, Liverpool - Commercial development consisting of premium and serviced offices. Real Student Living by Berkeley Shaw is an experienced management company in the north of England with 17 student blocks under management and close to 1000 properties. Created in 1985, the company has grown from strength to strength and is now established as being one of the more reputable and proactive student let companies in the UK, having built strong relationships with universities all across the country.
FREQUENTLY ASKED QUESTIONS Q A Q A When will the development be completed? Completion of the development is scheduled for Q2 2017. Will the development be leasehold or freehold? You will be buying in to a leasehold development with a lease of 250 years. Q A Q A What Facilities are provided within the building? A Gymnasium, Courtyard Area, Reception area, Retail units on the ground floor, Games room, and Laundry room. Do I need a lawyer to purchase and if so how much are the legal fees? Yes, we recommend that all our investors purchase using a lawyer. If you decide to use our recommended lawyers we will cover the cost if you decide to use any other lawyer then their appropriate fee will apply, typically circa 1000.????? Q A What return can I expect to receive on my investment? During the construction period you will receive 5% interest on your deposit funds and thereafter post completion you will receive a 9% net return for 5 years. Q A What is the proposed exit strategy? Investors are free to sell their properties at any time if they wish to do so. There is also a developer led optional buyback in year 5 at 110% of the purchase value. As the university continues to grow its intake there will be more demand for PBSA in Bolton meaning the resale market should be strong. Q Will I need to furnish the properties? Q Will I have any running costs? A All properties will come complete with furniture. A For the first 5 years post completion there will be zero running costs to be paid by investors. Thereafter there will be a Ground rent, management fee as well as a small service charge contribution. All of this should not exceed 1500 per annum. Assured rental yields will be 9% Net.
DISCLAIMER The material contained in this brochure including the images and any associated marketing material has been created for information purposes only and should not be relied upon. The facts contained within are for information and illustrative purposes only and do not purport to show actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used here in do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn.