Pembroke Studios. Student - LIVERPOOL

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1 Pembroke Studios Student - LIVERPOOL

2 Contents Introduction Introduction 3 Overview 5 A Student City 6 Student Expectations 7 Universities 8-9 BTL Hotspot 10 Location 11 Management Team 12 Developer 13 Economic Growth Buy Back Option 17 Purchase Process 18 The Team behind the Team 20 Project Consultants 21 Q&A 23 Liverpool is the commercial, cultural, financial and historical heart of England. Pembroke Studios is the ideal student accommodation for the students of Liverpool - not only does it offer its tenants luxury living quarters, but also hi-spec onsite communal amenities. The development will consist of 94 new build self-contained studios located in an enviable position in the heart of the learning centre of Liverpool. With the perfect location in the heart of the city, Pembroke Studios certainly passes the subjects of geography, design, economics, environment and management studies with honours. Luxury student apartments in Liverpool s most vibrant quarter 2 3

3 Student Residence located next to the University of Liverpool Overview A Total of 94 Self Contained Studios Large Studios Available from 69,950 Located in Liverpool City Centre Vibrant Bars and Shops Close By Excellent Transport Links Net Rental Income of 8% for 5 Years * Fully Furnished Properties Onsite Facilities Buy Back Option at Year 5 Net Rental Income of 8% per Annum for 5 Years Managed by Redbloom Ltd Pre-Launch Opportunity 4 * Net rental income of 8% is quoted before annual deduction of 500 ground rent 5

4 Liverpool: A Student City Student Expectations Liverpool is one of the most established centres in the UK for higher education and is home to a number of leading institutions including The University of Liverpool, Liverpool John Moores University, Liverpool Hope University and The Liverpool Institute of Performing Arts. The combined student population currently stands at 53,000 almost 12% of the city s total population with students enrolled from over 100 countries worldwide. In addition to its reputation as a centre for educational excellence, Liverpool is one of the most desirable places in the world for students to attend university. As the majority of university campuses are centrally located living near them comes as a huge advantage. Not only do students look for accommodation close to their everyday place of study, but want something that is easily accessible to amenities, shops, restaurants and nightlife that Liverpool has to offer. Students are now demanding more from their time at University. Gone are the days of bunk beds and living in dorms miles away from their place of study. Living near all these amenities has now become a major key focus for students looking for their home away from home. Liverpool is one of the UK s most popular student destinations. The rich cultural and historical heritage and the World Heritage Site is one of the reasons this city attracts over 50,000 students and over 58,000,000 visitors annually. 6 7

5 Liverpool Universities Liverpool School of Tropical Medicine Liverpool John Moores University University of Liverpool The Liverpool Institute for Preforming Arts Over 500 students from 60 countries 23 million state of the art facility which puts them at the forefront of infectious disease research Research portfolio worth 200 million Ranked 69th in the Guardian University league table Developments include the RIBA award winning 24m Art and Design Academy & the 25.5m Tom Reilly Building Awarded 4.5m for the Centre for Excellence in Teaching and Learning Ranked 54th in Guardian Univeristy league table Investing 600m in its facilities, and has recently opened its new 23m teaching labratories. It has also opened a 23m research facility for the Institute of Infection and Global Health Programmes in Acting Community Drama, Dance, Music, Theatre & Entertainment Management, Sound Tech, Theatre & Preformance Design and Technology. Amongst the top 10 for specialist institiutions 8 9

6 Liverpool BTL Hotspot 2016 James Street Station 50 Yards Liverpool ONE Shopping 0.2 miles Albert Dock 0.3 miles Cruise Terminal 0.3 miles Museum of Liverpool 0.3miles Lime Street Station 0.5 miles Which? On 11 March 2016, consumer organisation Which? released new research on housing affordability. Their goal was to identify where you can find houses priced below the national average of 200,000, in areas that are seeing big price growth. Interestingly, Liverpool s L1 area came top of the league table. It saw a 41% increase in average property price in the last year, compared to the previous 3 years. In L1, the average property price from December 2014 to November 2015 was 120,000, up from 85,000 in the period December 2011 to November In other words: Liverpool offers investors the opportunity to achieve faster returns, and at a lower entry point than many popular, established areas (particularly in the South). Location Pembroke Studios is located on Pembroke Place, an area fast becoming one of Liverpool s most vibrant quarters, also known as the learning centre of Liverpool due to its close proximity to a number of Universities all within walking distance. Pembroke Places is a continuarion of London Road, a well-established retail and commercial district with a number of local, regional and national multiples including Tesco, Costa Coffee and numerous local banks. The developent is ideally situated near a range of artisan bars and cafes for students needs. Liverpool School of Tropical Medicine 0.02 Miles Foresight centre 0.05 Miles University School of Engineering 0.2 Miles Liverpool University 0.3 Miles John Moores University 0.3 Miles The University Student Union 0.4 Miles Liverpool Lime Street Station 0.5 Miles Liverpool ONE Shopping Centre 1 Mile Liverpool City Centre has a population of 465,700 people and is the fourth most visited city in the UK. 10 9

7 Map Pembroke Studios The Royal University Hospital Liverpool School of Tropical Medicine Liverpool Lime Street Station University of Liverpool Liverpool Central Station Liverpool ONE Shopping The closest student accommodation to the Univeristy of Liverpool Liverpool John Moores University 12 13

8 Management Team Kings Dock Mill Residential - Liverpool Sold - Under Construction Developer Redbloom Ltd is a specialist block management company with an aim and successful history of increasing the appeal of developments and the communities that exist within them. A memeber of the Association of Residential Managing Agents (ARMA) and registered with Unipol, they comply with the management of solely owned and let developments. Redbloom Ltd are able to ensure compliance to regulations, the maintenance of the high quality finish in the building and develop plans for improvements that will produce tangible benifits for owners and residents. They are a young, growing company managing 24 buildings in Merseyside. One of their ambitions is to help nurture a community spirit in the buildings that they work with and through regular communication and supported residents committee, Redbloom are better placed to engage with all residents and to keep you up-to-date with your unit. Huntingdon House - Nottingham Sold - Under Construction Bateson Building - Liverpool Sold - Completed & Tenanted YPG Developments and the Yu Property Group are a young dynamic company with current projects that tally over 72 million. They have an innovative approach to construction and the team have over 50 years experience in their field. Recent projects include : Bateson Building - consists of 102 student rooms located in Liverpool which completed way ahead of schedule and on time and budget. Kings Dock Mill - consistis of 204 residential apartments that are currently underconstruction. Huntingdon House - consists of 24 student units which completes this summer

9 Economic Growth Business Liverpool is the place to do business. There are more than 500,000 businesses within 1.5 hours of the city centre. The city has a growing and thriving economy with a GVA of 9.15bn, the most productive city outside of London. This means the city boasts significant and varied employment prospects for graduates. The city has an incredibly exhilerating, challenging and inspiring future and continues to undertake continued investment in its people, universities and commercial infrastructure. Academic Liverpool has several presitigious universities which collectively serve over 50,000 students. The rich historical and cultural offering ofthe city attracts a broad range of students and continues to score highly on student satisfaction surveys. Proportionally, the city has the highest number of overseas students. The city also has one of the lowest cost of living in the UK which ensures it will remain a popular student location for the foreseeable future, despite any external economic conditions. Tourism There were 57 million visitors to the Liverpool region in 2012 supporting 45,900 jobs. Liverpool is now seen as a great place to stay not just to visit and is now ranked 5th in the UK for overseas visitors. Liverpool One recorded footfall of 26 million in 2013, a 5% rise on The Echo Area opened in 2008 as part of the European Capital of Culture, it is the premier entainment venue and is situated within a short walk of the city centre. Liverpool is at the centre of the UK s second largest regional economy with access to six million customers, an economy worth more than 121 billion and 252,000 businesses (on Merseyside)

10 Fully Fitted Kitchen Bedroom 5 Year Buy Back Option The Developer prides itself on it s ability to develop in prime locations and secure the optimum investments for their clients. This is why they created their Buy Back Option guarantee. They are confident of their developments and to re-inforce that confidence they offer an optional buy back at year 5. The buy back is at the origional purchase price. They ask for you to inform them within the first 12 months after your completion that you want Yu Property Group to purchase your apartments and the necessary arrangements will be made to allocate funds for the purchase from you after 5 years. Capital growth predictions for a studio priced at 69,950 Year 1 Year 2 Year 3 Year 4 Year 5 Capital Growth at 3% 2,098 2,098 2,098 2,098 2,098 Assured Net Rental 5,596 5,596 5,596 5,596 5,596 Study Combined Income 7,694 7,694 7,694 7,694 7,694 Bathroom A conservative approach shows an annualised return of 55% over 5 years. Total Income Generated 38,

11 Purchase Process Once your property consultant has helped you to select your unit(s), please complete the reservation agreement and return it along with a copy of your passport and your deposit. Payment Structure When your property consultant confirms they have received your paperwork you will need to instruct a solicitor. Your solicitor will advise of the paperwork required. After you have exchanged contracts you will receive a welcome letter from the developer, which will detail the future service they will provide and include all contact details. From completion you will receive your rental income quarterly in arrears. The development is scheduled for completion in July ,000 Deposit 50% on Exchange 25% 60 Days after Construction Remaining 25% on Completion 20 21

12 The Team Behind the Team Project Consultants These self contained studios are the next generation of apartments designed for the style concious student in mind. Modero Ltd Bsc MBA Dip Proj Man (RICS) ACIArb Specialising in the provision of Quantity Surveying and Project Management sercvices. The range of services provided by the company has a specfic emphasis on the cost effective design though cost control and contractual advice from inception to completion. They continue to work with several of the regions architects who are at the forefront of retrofit refurbishment. PSD Mechanical & Electrical Consultants Progressive Services Design Ltd is a multi-disciplined practice providing design and Consulting Services in Mechanical & Electrical Building Services, Project Management, Cost Consultancy BREEAM Assessments and Planning Co-ordination. They have over 50 years combined experience in both refurbishment and new build projects. The company was established in 1995 and incorperated in Knight Frank Planning Consultants Thoroughly involved with all aspects of the project planning and development process, their consultants steer change at both a local and national level, regularly commenting on evolving legislation. This knowledge and expertise ensures their clients are kept fully informed of potential opportunities and pitfalls. Knight Frank develops strong relationships with their clients, and also seek to continually protect and enhance their position through an awareness of both their short and long term objectives. Assent Building Control Assent has become one of the forefront Building Control bodies in the country and has developed a reputation and service second to none. Long term relationships are fundamentally important to them and this is possible by building strong partnerships. Word of mouth recommendations have been the cornerstone of Assents development so far. Rawlings Saftey Consultants Rawlings Saftey & Training Consultancy Services present a diverse range of Health & Saftey Consultancy solutions. Offered as standalone solutions or as part of a package, many of these solutions are also offered free of charge as part of their Professional Saftey Advisor Service. Providing both generatlist and specific advice, their experienced saftey consultants are able to advise and guide employers in complying with Health & Saftey legislation

13 Q&A What is the full address of the property? 4-10, Pembroke Place, Liverpool, L3 5QR Am I buying freehold or leasehold? This is a 249 year leasehold purchase which will be registered with the UK Land Registry When will the building complete? The development is scheduled for completion in July Is there a management company in place? Redbloom Ltd, a reputable company specialising in block management. Is there an exit strategy? Yes, there is a buy back option at year 5. Is there a recommended solicitor? Lee & Kan Solicitors, London What are the projected annual returns? 8% net rental assurance for 5 years

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