98% WELCOME TO X1 AIRE THE CURRENT OCCUPANCY RATES IN LEEDS CITY CENTRE JLL 2015

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2 WELCOME TO X1 AIRE The development is situated right at the edge of Leeds booming city centre, only a short stroll away from its busy train station. Located on East Street, X1 Aire consists of 147 luxurious one and two bedroom apartments. Next to it lies St Saviour s Church, a beautiful Grade II listed former Sunday school. X1 Aire truly exceeds today s standards of boutique residential living besides the high-end, fully-furnished apartments, residents will also be able to enjoy the perks of a private gym and personal on-site management by X1 Lettings, the awardwinning lettings agent. 98% THE CURRENT OCCUPANCY RATES IN LEEDS CITY CENTRE JLL X1 AIRE X1 AIRE 3

3 FINANCIAL PROJECTIONS Speak to your designated property consultant PURCHASE PROCESS Choose your perfect apartment and pay the deposit Investment options for X1 Aire: 1-bedroom 105,000 2-bedroom 125,000 Investment projection standard 2-bed: 1.7 TRILLION Both sets of solicitors are instructed, and the legal documents and sales pack sent out to you Monthly Rent 825 Gross Rent 9,900 Maintenance Fee 1, Management / Lettings Fee 792 Ground Rent NET Income 7, NET Yield 6.04% THE VALUE THE PRIVATE RENTAL SECTOR WILL REACH BY MARCH 2016 % 25% of the balance is payable upon exchange of contracts Six months into development, 10% of the balance is due JLL 2015 Remaining balance payable upon completion of the development 4 X1 AIRE X1 AIRE 5

4 ABOUT LEEDS With a population of close to 800,000 people, Leeds is the UK s fourth largest city. Thanks to its buoyant economy, particularly regarding financial and business services, Leeds is recognised as the regional capital of the Yorkshire and the Humber area, where the population total is approximately five million. In terms of what the city has to offer, Leeds is almost unrivalled: Vast, beautiful parks and green land allow for long walks in the countryside, while a variety of museums, theatres and galleries, such as the Royal Armouries Museum, the Leeds Art Gallery, and the Leeds City Museum, culturally enrich the whole area. Shopping centres such as the Victoria Quarter, Corn Exchange, the brand new Trinity Leeds as well as its main shopping street Briggate offer one of the best shopping experiences in the UK. For people in search of entertainment Leeds does not disappoint. Various bars and music venues enable the city to host a range of concerts and shows, including the likes of the bespoke Leeds Carnival (Europe s oldest West Indian carnival), Leeds International Film Festival (England s largest film festival outside of London) and Leeds Festival (one of the UK s biggest and most anticipated music festivals). With such an eventful calendar, it is no surprise that the city s three universities The University of Leeds, Leeds Trinity and Leeds Beckett University attract around 65,000 students every year, a number that is expected to further increase over time. Notably, Leeds current burgeoning economy and nationwide positive reputation are simply stepping stones in what can only be described as a very bright future. Increased devolution, which transfers power back to regions such as Greater Manchester as well as Birmingham and its West Midlands neighbours, guarantees the North of the country, including Leeds, to be able to make more targeted and region-specific decisions in the areas of transportation, policing and housing. Moreover, the HS2 speed rail network, set to commence as early as 2017, will further enhance the northern economy by reducing times as well as costs of travelling from South to North, making regional cities, particularly Leeds, better connected. 5% THE RATE RENTS IN LEEDS ARE PREDICTED TO GROW BY IN 2015 JLL X1 AIRE X1 AIRE 7

5 EXPLORE LEEDS 8. Woodhouse Lane Scott Hall Road Roundhay Road TRAVELLING TIMES From X1 Aire: Key 1. Royal Armories 2. Corn Exchange 3. Corn Exchange 4. Temple Newsam 5. Leeds Town Hall 6. First Direct Arena 7. The Light Shopping Centre 8. Headingley Carnegie Stadium 9. Elland Road 10. Kirkstall Abby 11. Civic Hall 12. West Yorkshire Playhouse Kirkstall Road 10. P+R Cardigan Road Great George Street The Headrow New Bridgegate New York Road 12. AIRE TRAIN STATION 12 MINS THE LIGHT 24 MINS TRAIN STATION 20 MINS TOWN HALL 11 MINS TOWN HALL 23 MINS TOWN HALL 18 MINS THE LIGHT 10 MINS TRAIN STATION 21 MINS THE LIGHT 15 MINS CORN EXCHANGE 7 MINS CORN EXCHANGE 15 MINS CORN EXCHANGE 8 MINS BUS STATION 5 MINS BUS STATION 11 MINS BUS STATION 6 MINS P+R Leeds Train Station Leeds Central Bus Station Park and Ride Tong Road P+R Wellington Street 4. Bond Street Commercial Street Boar Lane 3. Crown Point Road St. Peter s Street 2. P+R TRAIN STATION 19 MINS TOWN HALL 17 MINS THE LIGHT 16 MINS CORN EXCHANGE 8 MINS BUS STATION 3 MINS Aire Street East Street 8 X1 AIRE X1 AIRE 9 M Swinegate Road 1.

6 WHY BUY-TO-LET Research by Knight Frank has recently revealed that whilst stepping onto the property ladder is increasingly becoming less affordable in our modern society, the number of households in the rental sector has reached 4 million a 30% increase in the past five years. This has led to the UK Buy-to- Let market flourishing like never before: Currently, its total is standing at 990.7billion (11% higher than in 2014) and is expected to reach an impressive value of 1.07trillion by the end of March With average house prices of 188,566 nationwide and average rents of 960pcm, the UK has a very active housing market, which is further fuelled by the sheer undersupply of available housing stock. It is estimated that in 2014, 77% of all newly formed households in the UK were created within the Private Rented Sector (PRS), enabling it to now account for 18% of all British households. Contrary to popular belief, it is not the capital that is outperforming the rest of the nation, but it is instead the North of the country. Whilst investors in London can expect returns of approximately 4.5%, investors in the North tend to receive average gross yields of between 7-8%. One of the best performing cities is Leeds which, according to Knight Frank, allowed landlords in 2014 to cash in on gross yields as high as 8.3%. Whilst house prices in Leeds at 173,844 are slightly lower than the national average, it is one of the most rapidly growing regions of the country both in terms of house prices and rents: in 2010 house prices grew by as much as 5.1% while rents in Leeds city centre surged by a massive 7.7%. Additionally, residential sales in the area of Yorkshire and the Humber are expected to grow by an impressive 14.8% between now and With high yields and ever-growing property and rental prices, the British buy-to-let market is thriving and there is no better place to invest in than in Leeds. 18% PERCENTAGE OF ALL BRITISH HOUSEHOLDS NOW IN PRIVATE RENTED SECTOR The Kent Reliance X1 AIRE X1 AIRE 11

7 ROOM ELEMENTS Storage Master bedroom En-suite Bathroom Storage Kitchen / Dining Kitchen / Dining Bathroom Bedroom 1 BEDROOM EXAMPLE 2 BEDROOM EXAMPLE Living Room Living room Bedroom FROM 105,000 FROM 125, X1 AIRE X1 AIRE 13

8 EXAMPLE FLOOR PLAN BEDROOM EXAMPLE Key Stairs Lifts Balconies s Table: 1250 * * 750 4s Table: * 105 Heater: 1250 * 750 4s Table: BEDROOM EXAMPLE * 105 Heater: * 750 4s Table: FIRST FLOOR 14 X1 AIRE X1 AIRE 15

9 WHAT YOU NEED TO KNOW Am I buying as freehold or leasehold? 999 years leasehold What is the address of the site? East Street, Leeds, LS9 Are there tenants already in place? No, X1 Aire is a new-build development How much is the ground rent? Ground rent is per annum What are the projected annual returns on this project? 6% Assured NET returns When is my rental income paid? Quarterly in arrears, direct into your bank account from completion Is there a management company in place? Yes, the designated management company will be X1 Lettings, who will block manage and let the building. 20,000 THE NUMBER OF ADDITIONAL HOMES NEEDED IN LEEDS INTHE NEXT 5 YEARS JLL 2015 Are there any restrictions if I want to sell? No, X1 Aire is a residential development, so you are free to sell your apartment on the open market. 16 X1 AIRE X1 AIRE 17

10 X1 DEVELOPMENTS DEVELOPMENT «««««BEST RESIDENTIAL DEVELOPMENT MERSEYSIDE X1 The Quarter by X1 Developments DEVELOPER PROFILE 1. X1 Borden Court, Liverpool SOLD OUT & TENANTED 2. X1 Arndale House, Liverpool SOLD OUT & TENANTED 3. X1 Salford Quays Phase 1, Manchester SOLD OUT & TENANTED 4. X1 Chapel Street, Manchester SOLD OUT & TENANTED Located in the heart of Liverpool, X1 Developments is one of the North West s premier development companies. Dedicated to meeting and exceeding the needs of investors from the UK and overseas, the company offers exceptionally high quality properties in both the residential and student accommodation sectors. All of X1 s projects have been selected and overseen by individuals that pride themselves in possessing unrivalled knowledge, experience and background in the product, market sector and location. X1 Developments offers an exciting portfolio of real estate investments in the major northern cities of Liverpool and Manchester. Examples of their portfolio include the awardwinning 50m X1 The Quarter scheme, a five-phase project located in Liverpool s waterfront quarter, in addition to the Award-winning Developer highly popular X1 Salford Quays Phases 1, 2, and 3, found on the border of MediaCityUK. All three phases in the Salford Quays scheme, with a total value of over 21m, were completely sold out within months of being released and Phase 1 is now successfully 100% let. Moreover, X1 Developments also offers a specialist followthrough service via its sister company X1 Lettings, which carries the same high level of expertise in order to manage and protect their clients long term investments. With an average expected NET return of 6% and more, X1 Developments is the right choice for anyone looking to invest into the North of the country, with a track record of past developments that speaks for itself. 5. X1 Town Hall, Manchester 6. The Gallery at X1 The Quarter, Liverpool SOLD OUT & TENANTED 7. The Courtyard at X1 The Quarter, Liverpool SOLD OUT & TENANTED 8. The Studios at X1 The Quarter, Liverpool 9. X1 Salford Quays Phase 2, Manchester 10. X1 The Edge, Liverpool 11. X1 The Exchange, Manchester 12. X1 Salford Quays Phase 3, Manchester 13. X1 Liverpool One, Liverpool NEW LAUNCH & IN CONSTRUCTION 14. X1 Eastbank, Manchester 15. The Terrace at X1 The Quarter, Liverpool NEW LAUNCH & IN CONSTRUCTION 16. X1 Media City, Manchester NEW LAUNCH & IN CONSTRUCTION 17. X1 Liverpool One Phase 2, Liverpool NEW LAUNCH & IN CONSTRUCTION 18. X1 Media City, Phase 2, Manchester 18 X1 AIRE NEW LAUNCH & IN CONSTRUCTION X1 AIRE 19

11 X1 LETTINGS ALL COMPLETED X1 SITES 100% LET X1 Lettings offer both residential property and student accommodation in the UK property market. Whether it s looking after students in one of their purpose-built schemes, or managing a residential apartment block, the X1 team are friendly and enthusiastic, with extensive knowledge of the country s northern cities. In addition to the day-to-day management and letting of their developments, X1 Lettings also has its own handpicked maintenance team to deal with any and all issues that may arise. 20 X1 AIRE X1 AIRE 21

12 AIRE The information contained within this document is intended as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending investor must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing V1 X1 AIRE