STUDENT APARTMENTS COMPLETING AUGUST 2017
Sheffield is one of the cheapest places to live and study in the UK, it s also one of the greenest cities, with over 200 areas of woodlands and public parks within the city. Contents 4-5 Oakwood House 6 Easy Payment Plan 7 Investment Details 8-9 3 Year Forecast 10 Key Locations 11 The Universities 12 Specifications 13-15 Floor Plans 16-17 The Best Performing Asset Class 18-19 Why Sheffield 20 Management Profile 21 Developer Profile 22-23 FAQ s 24 Contact
Oakwood House Oakwood House will offer luxury living for the modern student in the city. Oakwood House is a purpose build student development comprising of 102 units over 5 floors spread across 2 separate buildings. It offers a variety of luxury en-suite student bedrooms. The student bedrooms are arranged in clusters of up to 6,5 and 4 units, each sharing a communal area complete with kitchen, dining area and lounge. Oakwood House has an extremely attractive city centre location, within walking distance of both university campuses. Perfectly located for students looking for the very best accommodation with a city centre location, literally a short walk or tram ride to all famous landmarks and points of interests. This location is not only ideal for its proximity to the universities but also for shopping and the city s famous and vibrant night life. Oakwood House will be an innovative, modern piece of architecture adding a fresh sophisticated feel to the city centre and rejuvenating a very prominent site in the city. The project is expected to face such demand that a waiting list will be in place, and the developer is offering a rental assurance for owners for the first 3 years. Sheffield has been tipped as one of the top centres in the UK to invest and, as a result, has been the location choice of many large institutions and investment funds. This is an opportunity to benefit from the same returns. The development is located next to Tescos and the Student Conference Centre; 5 minutes walk from Sheffield s main train station.
Easy Payment Plan 1/ 6,000 RESERVATION FEE (includes 1000 admin fee) 2// 50% VALUE OF PURCHASE PRICE (less 5000) on exchange of contract (within 28 days) 3/// REMAINING BALANCE upon completion August 2017 Investment Details Completing August 2017 Apartments from just 57,950 Assured minimum rental yield of 7% for 3 years Return 12,169 in the first 3 years alone Fully-furnished, en-suite studios within walking distance of both universities The University of Sheffield is a leading Russell Group University, one of the top institutions in the UK Sheffield is home to two world class universities with over 63,000 students A fully hands-off investment and fully managed by reputable asset managers
The 3 Year Forecast 250-year lease Paid Quarterly in arrears from Completion Sales Price Rent Per Week For 51 Weeks Gross Rent NET Yield (YR1) 57950 125 6395 4056.50 YEAR 1 YEAR 2 YEAR 3 Total Amount WEEKLY RENT 125 125 125 381 ANNUAL RENT 6395 6395 6395 19185.00 NET RENT 4056.50 4056.50 4056.50 12169.50 NET YIELD (%) 7.00% 7.00% 7.00% 7.00%
Key Locations OAKWOOD HOUSE The Universities Over 63,000 students choose to study in Sheffield every year, including more than 7,000 international students (rated number 3 for experience), making the city a prime site for investment in the provision of high-end student accommodation. Tram Line The University of Sheffield Sheffield Hallam University City Campus Sheffield Station Royal Hallamshire Hospital Sheffield City Centre SHEFFIELD UNIVERSITY Founded in 1905, it is one of the original Red Brick universities Named UK University of the Year in the 2011 Times Higher Education Awards Produced five Nobel Prize winners Over 25,000 students, including more than 3,700 international students Renowned for its research programs and ranked highly around the world A founding member of the Worldwide Universities Network Ranked as one of the Top 100 universities in the world Has 84 specialised research centres / institutes SHEFFIELD HALLAM UNIVERSITY With more than 33,000 students, Sheffield Hallam is one of the largest universities in the country, and is one of the biggest provider of health and social care and teacher training in the United Kingdom. It s based on two campuses, one in the bustling city centre and the other out in the leafy suburbs. Investment of 115m over the past 10 years has provided the university with modern, well-equipped teaching facilities. More than 33,000 students study on 572 courses Home to over 4,000 international students from 120 countries Fourth largest university in the UK Spread over two main campuses City Campus and Collegiate Campus Business partners include; Sony, BP, the NHS, Network Rail, SAP and Microsoft Awarded over 2 million from the HEFCE Science Research Fund
Typical en-suite layout Specifications All en-suite studios come completely furnished with luxury fittings alongside the shared communal areas in each apartment. En-suite Studio Specifications Small double bed (4ft wide) Fitted Wardrobes Workstation with study chair Shelving and drawers En-suite bathroom with shower cubicle, vanity sink unit, bathroom mirror and toilet Bath towel, white hand towel Carpet, blinds, light fittings Internet with hi speed Wi-Fi or Ethernet connection Communal Area Specifications Fully fitted luxury kitchen Fitted oven hob and extractor Fridge freezer Microwave Breakfast bar and seating Lounge with sofas and flat screen TV Wi-Fi
One of the most popular places to study in the UK, Sheffield is renowned for its eclectic nightlife, live music venues and good food The UK s Best Performing Asset Class With a record number of students placed for higher education in the 2016/2017 academic year, investors are jumping at the chance to invest in UK student property. There has been a significant increase in the popularity of commercial assets in recent years such as student accommodation due to property investors searching for alternative investment markets. This extraordinary demand shows no sign of slowing down which means universities across the UK are now facing the problem of housing students. Many institutions fail to house all of their first year intake and accommodation for years 2 and 3 is even scarcer. Now, with approximately 493,000 students placed for the 2016/17 academic year according to UCAS (Universities and Colleges Admissions Service) demand is skyrocketing; making this market as attractive to investors as it has ever been. One of the most popular places to study in the UK, Sheffield is renowned for its eclectic nightlife, live music venues and good food. Both universities have active Students Unions and there are a multitude of amenities and venues in the immediate area, including cinemas, shopping centres and sporting arenas. Regularly reported as being one of the safest cities in the UK, there is no better place to live, work or study.
Why Sheffield? The Steel City Although it s the UK 5th largest city Sheffield famously known as The Steel City is becoming a prime player in the Industrial Revolution, Sheffield was viewed as the steel capital of the world. The manufacturing plants have now declined; however, the city has retained a strong economy and attracts businesses globally with its high employment rate and strong performance in both its business and manufacturing sectors. Recently voted the happiest city in the UK, Sheffield has over 50,000 students, making it a friendly place to be. The city has a wonderful community atmosphere, and it s a safe, pleasant and affordable place to live. Sheffield has a thriving commercial centre with branches of some of the world s most famous organisations located in the city (IBM, Rolls Royce and Boeing etc.), Sheffield is well placed to attract international interest due to its accessible location, key industrial sites and large retail outlets including Meadow Hall, the largest shopping centre in Yorkshire. Interestingly Sheffield is one of the cheapest places to live and study in the UK, it s also one of the greenest cities, with over 200 areas of woodlands and public parks within the city, not to mention the beauty of the Peak District National Park, which is only 10 minutes from the university.
Urban Student Life The Developer USL are one of the leading student Management companies in the UK with a fantastic range of student study hotels in some of the country s most vibrant and historic cities. Arête Partners has an in-depth working knowledge of the commercial investment industry, and a thorough understanding of our customer s objectives. These are discreetly addressed with clarity and precision. We aim to provide cost-effective solutions in an uncomplicated manner that will allow our clients to achieve performance, investment return and sustainable quality. We aim to deliver results across a range of services within the student accommodation and wider educational sector. Our core activities are agency services (finding properties and end users), technical, operational and financial services (managing properties to optimise the potential developments). USL is putting the life back into university accommodation. Guests are treated like clients, not lodgers. We pride ourselves on the highquality accommodation and the friendly, personal service that students receive while staying with us. Introducing our first purpose built student development Oakwood House, Arête Estates aim to add value to your portfolio. Effective asset management is increasingly important for investors looking to drive returns in the UK commercial property market. Arête Estates aim to deliver higher investment performance for property investors and financial institutions whatever the market conditions. We focus on understanding your needs, all backed by our sound understanding of investment principles. Our team invests heavily in our people, processes and technology, providing dedication to our clients and offering transparent real-time reporting along with specialist expertise and dependability. Our team delivers boutique ingenuity, along with specialist expertise and dependability. We provide patient, long-term business support, rigorous institutional oversight, financial stability and a guiding philosophy of maximising financial well being.
FAQ s When will the building be completed? Oakwood House is due to complete in August 2017, in time for Sheffield s September intake. What are the projected annual returns? There is a 3-year minimum rental assurance of 7% NET yield. This is because the developer can be certain that the development will be fully tenanted, due to the high demand and attractive proposition to potential tenants. After the 3 year, period the rental income is expected to be in excess of 7%. Are there any restrictions if I want to sell? No. Once you have completed on the purchase and you have the legal title deed, you would be free to sell your unit on the open market at any time in the future. Are the units fully furnished? Yes. All will come with a full furniture pack included in the price. Am I buying freehold or leasehold? 250 years leasehold. Recommended Solicitors for the buyer? MSB SOLICITORS City Centre Silkhouse Court, Tithebarn Street, Liverpool, L2 2LZ The recommended solicitors have investigated title to the Development and enables them to deal efficiently with buyers inquiries and ensure that the process proceeds quickly and smoothly. Recently voted the happiest city in the UK, Sheffield has over 50,000 students, making it a friendly place to be.