The Xchange Bradford, England

Transcription

1 Buy to Let 8% yield assured for 2 years Buy-to-let apartments in Bradford City Centre Prices starting at 54,950 Select Portfolio Investment Overview: The Xchange Bradford, England

2 Introduction. Invest in a whole new urban living experience: The Xchange. The Xchange is an iconic building set in the very heart of Bradford City Centre. The previously commercial building is undergoing a significant regeneration program where it will be transformed into a modern, residential hub. Located directly next to the 260m Westfield shopping and leisure complex site, the Xchange is a perfect residential hotspot for those looking to embrace a more urban lifestyle. The mixed retail and residential development offers 126 one and two bedroom apartments finished to a high specification now available for investment purchase. Offering 8% yields, assured for two years, as well as up to 6% interest on deposited funds until completion (due January 2017), this is a fantastic opportunity to invest in a location benefitting from a 35bn regeneration scheme and a property with substantial residential rental demand. These fully managed apartments would make a sound addition to any rental portfolio or an ideal first property investment. Please enquiries@select-portfolio.co.uk to register your interest in The Xchange today. Page 2

3 Purchase Highlights. The Xchange is a brand new residential and retail block comprising 126 one and two bedroom apartments over 8 floors, which looks set to face significant demand. Currently benefitting from a 35bn regeneration scheme and located directly beside the 260mn Westfield retails and leisure complex site. This is a fantastic opportunity to benefit from significant capital appreciation over the next 2 years. Talk to us today about reserving your desired unit. Generously sized one & two bedroom apartments 8% yield for 2 years Prices starting at 55,950 Furniture packs available Secure on-site parking (limited availability) Excellent capital growth potential Experienced management company, Harper Brooks Fantastic central location in Bradford Thriving local rental market Reserve your unit for 3,000 Page 3

4 The Opportunity: The Xchange 126 one & two bedroom apartments 36-57m year lease Fully managed Central location, perfect for professionals and students alike Due for completion, January 2017 The Xchange presents a brand new residential development opportunity, comprising 126 one and two bedroom apartments in a prime city-centre location in Bradford, BD1. The building is currently undergoing a substantial refurbishment in an area of significant growth, benefitting from a 35million re-generation initiative. One bedroom apartments are available from only 55,950 and two bedroom apartments have now sold out. With average floor sizes ranging from 36m 2-57m 2 this is one of the most affordable opportunities per m 2 in the vicinity. All units are available with furniture packs available, as well as the option to include a parking space. The properties will generate 8% returns for 2 years as well us up to 6% interest on deposited funds until completion - which is due in January This is an unrivalled opportunity - not to be missed. Page 4

5 The Location: Bradford. Bradford is a city of culture, heritage and plenty of natural beauty. As one of the fastest growing energetic cities in the UK, investment is pouring into the city centre with business, retail and housing developing at an increasing pace. Located in West Yorkshire, 8.6 miles west of the city of Leeds, Bradford s cultural diversity makes the city an exciting place to work and live. It is the world s first UNESCO city of Film, home to the National Media Museum and has been voted the UK s Curry Capital for 3 years running. There is something to offer every lifestyle. The city centre is in the process of undergoing a huge transformation as the Broadway Shopping Centre, part of the iconic Westfield shopping family, is currently under construction. Due to open in November 2015, the centre is located right next to The Xchange, offering residents an experience like no other. Leading high street shops, fitness and leisure facilities, top restaurants, bars and cafés will quite literally be on the doorstep, making Bradford a great place to live. This is a city brimming with confidence. Millions of pounds of recent investment has poured into the heart of the city; upgrading public spaces and paving the way for major investment and business opportunities. Over the years, Bradford has successfully diversified into a number of key business sectors including construction, financial services and retail, whilst maintaining a solid foundation in modern manufacturing with 160,000 jobs across the wider city region. With an economy worth over 8.3 billion and a number of leading UK businesses headquarters in Bradford, including Yorkshire Building Society, the city is predicted to be the fifth fastest growing city outside of London. Bradford is also home to Bradford University and is in the top 10 for graduate employment in the UK, ensuring that its 35,000 students will continue to contribute to the fast growing working population and diverse economy. Page 5

6 The Location: Bradford, BD1. Bradford benefits from excellent rail links and is served by two central train stations; Bradford Interchange and Bradford Forster Square which connect into intercity services to London, Manchester and further afield. London is just 2h 40m away, Manchester is 1 hour away and Leeds can be accessed in just 20 minute via train. The city also benefits from Leeds Bradford International Airport, which is located 7 miles to the North East of the city. It offers direct flights to London, Heathrow, Paris, New York and other major holiday and business destinations. Development Location Walking Distances Shopping district - 0 minutes Metropolitan District Council - 3 minutes Kirkgate Shopping Centre - 4 minutes Train Station - 5 minutes Morrisons Supermarket - 7 minutes Retail Park - 10 minutes Regional College - 13 minutes Bradford City FC - 19 minutes Train Times Leeds - 20 minutes Manchester - 1 hour Liverpool - 1hr 34 minutes Birmingham - 2hr 36 minutes London - 2hr 40 minutes Page 6

7 Purchase Options. Room Type Apartment Size Range (m 2 ) Apartment Size Range (ft 2 ) Prices from (excluding Furniture) Furniture Pack Price Rental Income (%) Ground Rent 1 Bedroom ,950 2,500 8% 399 p.a. Two bedroom apartments have now sold out. Car parking spaces are also available at 8,500 per space whilst there is availability. For a full availability list, current pricing and full apartment options, please contact us today on +44(0) Page 7

8 Apartment Specifications. Apartment Specification Ceiling heights All apartments have a raised floor in the bedroom (1 step) Suspended ceilings - standard 680mm Average variable ceiling height 2.6m Kitchen Contemporary fitted kitchen Under unit lighting Fan assisted oven, induction hob and extractor fan Larder fridge/freezer Washer/dryer Microwave Internal finishes Internal doors with chrome fittings Chrome ironmongery Flooring Hallway - laminate Living room - laminate Kitchen and bathroom - tiled floors Bedrooms - carpets Bathrooms Contemporary fittings Wall mounted shower head Towel rail to all bathrooms Electrical & communication Telephone points in the living area TV points to living area and principal bedroom Satellite TV ore-wiring to all TV points Contemporary switch plates and sockets Heating Air-conditioning will be installed in all units Heated towel rails in all bathrooms Safety & security Key card for main entrance, lift & car park CCTV entrance system in all apartments with automated door entry CCTV in all communal areas and car park Smoke detectors in all apartments and communal areas Secure car parking Electronic external gates External Secure car parking facilities Bin store Page 8

9 Floor Plans. Apartment Sizes: Apartment Number No. of Bedrooms No. of Bathrooms Apartment size m 2 N.B. Floor layout arrangement is identical on each floor (2-9) Floor plans are approximate only and not to scale. Exact layouts and sizes of the units may vary. Please speak to an advisor today to discuss actual unit sizes and availability. Apartment size ft Page 9

10 The Management Company: Harper Brooks. Harper Brooks are a nationwide lettings specialist dedicated to providing professional services throughout the UK. With 10 years experience in the residential sector, managing hundreds of properties in the UK, Harper Brooks are well appointed to manage The Xchange. For the first 2 years, Harper Brooks will let the units and pay the investor the agreed yield on a quarterly basis. The yield is guaranteed by the developer. Harper Brooks duties will include:- Providing a full tenant sourcing service, including marketing of the apartment, conducting viewings and completing all relevant paperwork, referencing and obtaining reservation deposits General day-to-day lettings management including collection of rents, checking tenants in and out of the apartment, ensuring a full inventory has been completed to protect the landlord (buyer) Maintenance and cleaning of communal areas, reception and hallways Maintenance and cleaning of external areas and the appearance of the building. Page 10

11 The Purchase Process. We will assist you throughout the purchase process. You have two payment structures to choose from. Option A: 50% / 30% / 20% 1. After a full consultation process with your sales consultant, you will select your preferred unit and complete a reservation form, along with securing your unit with a 3,000 reservation fee. 2. Upon receipt of your reservation fee, your contracts will be prepared and issued for your approval and signature. A 50% stage payment is due. Exchange of contracts takes place within 28 days from issue of contracts to the purchaser s solicitor. 3. A further stage payment of 30% is due (60 days after exchange) 4. Upon completion of the build (due August 2016) the remaining 20% balance is due. This option includes a 4% coupon on deposited monies from exchange until practical completion. This will be balanced and deducted on your completion statement. Option B: 80% / 20% We believe that by taking our time to listen to your needs, establishing a full client profile for you, we can then confidently confirm whether this is the right opportunity for you. It is also assuring to note that should this not completely suit your needs, we will not push you into making a decision that you are not comfortable with. A purchase has to be 100% right for you, or we will not proceed. 1. After a full consultation process with your sales consultant, you will select your preferred unit and complete a reservation form, along with securing your unit with a 3,000 reservation fee. 2. Upon receipt of your reservation fee, your contracts will be prepared and issued for your approval and signature. An 80% stage payment is due. Exchange of contracts takes place within 28 days from issue of contracts to the purchaser s solicitor. 3. Upon completion of the build (due August 2016) the remaining 20% balance is due. This option includes a 6% coupon on deposited monies from exchange until practical completion. This will be balanced and deducted on your completion statement. Page 11

12 To find out more about this opportunity please do not hesitate to contact one of our friendly and professional team members. We d love to discuss our developments with you today. T: F: enquiries@select-portfolio.co.uk 1st Floor, 1 Old Generator House, Bourne Valley Road, Poole, Dorset, BH12 1DZ Select Portfolio, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. Select Portfolio is not responsible for guaranteeing income or projections provided by the developer. It should not be assumed that the property has all necessary planning, building regulation or other consents and Select Portfolio has not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.