ARTILLERY HOUSE. 15 byrom Street, manchester, m3 4pf. a new city centre residential apartment block. 7.5% net rental yield guaranteed for 5 years

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1 ARTILLERY HOUSE 15 byrom Street, manchester, m3 4pf a new city centre residential apartment block 7.5% net rental yield guaranteed for 5 years

2 SURRENDEN INVEST THE HOME OF YOUR PORTFOLIO Surrenden Invest unlock exclusive off market stock in high demand growth areas. Surrenden Invest is a London centric property investment consultancy providing private investors with opportunities in high demand growth areas. Before we bring a development to the market, our project management team undertake extensive due diligence to ensure every project meets with the four major commitments we make to our investors. We offer a holistic approach to investment services allowing our clients to entrust the dayto-day running of their portfolio to our management team or alternatively take control of their portfolio whilst benefiting from our advice and experience. OUR COMMITMENT TO YOU Asset Backed Investment Feel confident in your investments with clear registered legal title facilitated through a UK solicitor. Strong Sustainable Demand We undertake extensive market research to ensure our projects are located in high demand growth areas. Off Market Developments Surrenden Invest specialises in off market property and works with some of the largest developers and exclusive property portfolios in the UK. Hands-Free Management End-to-end investment management services allowing you to leave the day-to-day running of your portfolio to our team.

3 Artillery house Artillery House offers investors a unique opportunity to acquire one of the few remaining buildings to be redeveloped in a prime core location, within Manchester s Golden Triangle of luxury residential developments. 12 unique appartments in prime central area with 5 years unrivalled 7.5% net rental guarantee Located within a 2 minute walk from Manchester s prime financial district, Spinningfields and its leisure district along Deansgate. It is also only 5 minutes from Albert Square, a prime location in the heart of Manchester. The property is being developed to form 12 high quality luxury apartments suitable for both long term and short term lettings to tenants who demand high quality accommodation in a convenient location. Modern low-carbon technology means the building will be one of the city s most energy efficient with a benefit to investors in terms of enhanced rental yield and a future-proof investment. Unrivalled 7.5% net rental guarantee for 5 years from one of the city s leading developers and letting agents, meaning guaranteed return of 37.5% over 5 years. Rental personally guaranteed by Stephen Beech, owner of Beech Holdings, offering ultimate security to investors. Affordable pricing with units from 146,950

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5 STEPHEN BEECH Stephen Beech is Manchester born and bred. He was already passionate about Business as a child, selling Vimto lollies when he was 7 years-old and running his own car wash by the time he was 13. His hard work eventually paid off when he became a young entrepreneur of the year finalist. In 2001, at the age of 24, he bought his first investment property with his hard-earned cash, renovating it himself to rent it out to 4 students. By 2013, he had established his own property business with a portfolio of over 100 properties. Since then, he has turned his attention to Manchester city centre with the acquisition of unloved, forgotten buildings in prime locations. His aim is to create affordable, environmentally sustainable and efficiently designed apartments for the increasing number of young professionals living in the city centre. Today, he runs one of the most successful property portfolios in the UK and employs over 70 people, hiring new talent on a weekly basis.

6 A brief timeline

7 THE DEVELOPER: BEECH GROUP To ensure that the Beech specifications are met to a high standard, all the company's construction projects are undertaken by Beech Construction, Beech Group s in house contractor. Beech Construction is headed by a team of highly skilled construction professionals who have developed over 600 properties over the last few years and specialise in creating the low-carbon, luxury properties that are being delivered at Artillery House. All management and lettings are controlled in house by Beech Properties' professional and highly dedicated team, branded as Manchester Apartments. The current portfolio that Beech Properties manage has been 100% let for over 7 years and last year was 2000% oversubscribed. Beech Properties have never had a single penny of rent missed by tenants over this period. "BEECH PROPERTIES HAVE NEVER HAD A SINGLE PENNY OF RENT MISSED BY TENANTS" "BEECH PROPERTIES HAVE NEVER HAD A SINGLE PENNY OF RENT MISSED BY TENANTS"

8 THE DEVELOPER: BEECH GROUP The Beech Group of Companies transforms old office buildings in the City Centre of Manchester into energy efficient, low-carbon emitting apartment blocks. The developer has huge experience in the conversion of low-carbon properties. He owns and operates a portfolio of 500 bedrooms within Manchester. Being a significant property owner in their own right, Beech do things differently from most other developers. 25 Cross Street Development Beech buildings are designed with great thought being given to the long term durability and efficiency - key things for an investor to consider if they intend to own the property for many years. Their 15 years of experience as a landlord dealing with tenants on a daily basis means that their properties are designed with all materials specifically chosen for their hard wearing properties and also ease of cleaning, reducing long-term running costs for the landlord. For example, all flooring is in Amtico Vinyl for ease of cleaning. The properties will exclude washing machines in the apartments which is often one of the biggest maintenance costs a landlord has to face. These will be contained in separate laundry rooms and maintained regularly by the property manager. 25 Cross Street Development

9 welcome to manchester Manchester, the second city of the UK and centre of the economic Northern Powerhouse, is a thriving cosmopolitan city, built upon an industrious legacy. Manchester is a city with many impressive statistics to its name. First industrialised city in the world National Graphene Institute - Manchester Home to the first public library Birthplace of the world s first computer Has the world s oldest railway station Birthplace of Graphene - the world s thinnest material HS2 - Manchester "the world s first industrialised city"

10 a global city Manchester s rise to be a world leading modern economy has seen Oxford economists predict that employment growth in the city over the next five years will exceed many international capitals including Paris, Berlin and Tokyo. Significant investment is being made across Greater Manchester into all sectors of the economy. Notable infrastructure spending shall make Manchester one of Europe s best integrated cities with seamless transport solutions for its citizens. HS2 HS2 40.6bn planned high speed rail link with travel time 40.6bn to London planned of only high 1h8m speed - construction rail link with travel due to start in the next two years time to London of only 1h8m - construction due to start in the next two years Upgrade works to provide a new second city crossing line and direct connection to the Trafford Centre Upgrade works to provide a new second city crossing line and direct connection to the Trafford Centre Airport 1bn being spent over the next 10 years Airport 1bn being spent over the next 10 years "Manchester airport is the largest Uk airport outside of london"

11 an investment hub Further private and public sector investment across the city from both domestic and international investors is testament to the city s economic vitality and its status as a world class business and investment location. 650m Media City 650m Media City 200 acre business hub for media, digital and creative industries. The new home of 200 the BBC. acre business hub for media, digital and creative industries. The new home of the BBC. 1.35bn St John's 800m MAG 800m MAG 15 acres bounded by the River Irwell, A joint venture with Beijing Construction the 1.35bn Castlefield conservation St John's area and Engineering Group, this is an 800m Manchester 15 acres city bounded centre by to the River east. Located Irwell, investment A joint to venture transform with the Beijing airport Construction and at a the crossroads Castlefield connected conservation to Spinningfields, area and surrounding Engineering area for Group, rapid expansion this is 800m of Deansgate, Manchester the Museum city centre of Science to the east. and Located business, investment aviation, to science, transform and biotechnology the airport and Industry at a crossroads and beyond. connected to Spinningfields, industries. surrounding area for rapid expansion of Deansgate, the Museum of Science and business, aviation, science, and biotechnology Industry and beyond. industries. 800m Noma 20 acre mixed use city centre regeneration scheme led by two UK institutional investors 800m Noma Co-op and Hermes. 20 acre mixed use city centre regeneration scheme led by two UK institutional investors Co-op and Hermes. 1.5bn Manchester Life Manchester City Council and Sheik Mansours 600m New Bailey Situated next to Spinningfields, New Bailey ADUG s 1bn 10 year agreement to build is an exciting new extension to Manchester's bn homes in Manchester the city s fringe areas. Life Central 600m Business District New comprising Bailey of 2.2 Manchester City Council and Sheik Mansours million Situated sq ft new next grade to A Spinningfields, offices and leisure New Bailey ADUG s 1bn 10 year agreement to build space. is The an exciting first phase new completed extension Q1 to Manchester's 6000 homes in the city s fringe areas. Central Business District comprising of 2.2 million sq ft new grade A offices and leisure space. The first phase completed Q Manchester s Gdp growth is forecast at 3.5% per year from

12 Great place to learn Due to its renowned world class University and Colleges, Greater Manchester has a student population of over 400,000, with 105,000 European students. In terms of further education, the Manchester city region has more than 20 colleges and institutions all of which have varied specialties, from music and the arts to law. The total student population for the city region is almost 400,000. Manchester s China Town is the third largest in Europe, and the second biggest in the UK, with one third of England s Chinese population living in this great city. Beyond Manchester s economic strength and centres of educational excellence, Manchester has also long asserted a cultural and sporting influence across the world. The creative energy of the city can be seen first hand in the bustling Northern Quarter, the site of the UK s Government-supported Techhub incubator for technology focussed start-ups, and it is no surprise that the city has been the birthplace of many musical and cultural icons over the years. Manchester is also home to two of the world s best football teams, Manchester United and Manchester City. However, sport is as much at the heart of the city s culture as its work ethic and the city region is home to some of the world s best sporting facilities for cycling, cricket, golf and a variety of other sports. All this culminates in Manchester being voted one of the world s best cities to live in, in a study by the Economist Intelligence Unit, placed ahead of London, New York and Rome for quality of life. "Manchester s China Town is the third largest in Europe"

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14 MANCHESTER PROPERTY MARKET A structural shift in the UK property market away from the tradition of buying over renting has now resulted in owner-occupied property falling to its lowest ever percentage of the total UK property market. The young professionals of Generation Rent are happy to spend an average 15 years of their life in rental property. It is predicted that by 2032, more than half of UK homes will be rentals. One of the main factors driving this shift is the increase in house pricing. According to Jones Lang Laselle, there will be a 26.4% increase in Manchester house prices in the next 5 years. It is no wonder young professionals would prefer renting. 20% growth over the last 10 years 20% growth over the last 10 years Population growth in Manchester Population growth in Manchester "Jones Lang Laselle predicts 26.4 per cent increase in Manchester house prices in the next five years" Forecast by the city council. Forecast another 20% over the next 10 years Forecast another 20% over the next 10 years Population of Greater Manchester having grown by 18,000 over Forecast the last by 12 the months city alone. council. Population of Greater Manchester having grown by 18,000 over the last 12 months alone. GROWTH 18,000 IN 12 months GROWTH 18,000 IN 12 months

15 MANCHESTER PROPERTY MARKET The growing population and increasing affluence has meant a strong demand for quality city centre rental properties. However, this has been met by a structural undersupply of properties for this rising population. With very little new development in recent years, there has been minimal uplift in the provision of rental stock. This has led to an abundance of demand compared with constrained available supply and has fuelled double-digit rental growth. Vacancy rates are minimal and many tenants are asking landlords for longer leases to try and hedge against rent rises. This strong lettings market has encouraged more buy-to-let investors and also spurred interest from institutional landlords from the UK and overseas. Additionally, this demand for investment property has seen good growth in capital values and a very liquid resale market. Manchester property market in numbers: Rental growth projection: 2016: 5%, 2017: 4%, 2018: 3%, 2019: 3% Capital growth projection: 2016: 5.5%, 2017: 5.5%, 2018: 4.5%, 2019: 3.5% source Jones Lang Laselle

16 Location: Welcome to BYROM STREET Byrom Street is located on the edge of the city s prime business district, Spinningfields and within a 5 minute walk of its luxury shopping and leisure district, Deansgate. Deansgate Spinningfields is the modern business district and financial centre of Manchester,dominated by high quality Grade A headquarter offices and has been described as the Canary Wharf of the North ; Its anchor tenants include Barclays, Beachcroft, Deloitte, HSBC Bank, Grant Thornton International, Guardian Media Group and Royal Bank of Scotland. St John's Quarter promises to be Manchester's new neighbourhood of enterprise, culture and living. Mixing commerce, events, arts and culture, it will be replacing Manchester's iconic Granada Studios. St John's will comprise the following: 2,500 apartments, three hotels comprising 350 to 400 rooms, a new riverside space with cycle ways, a new green space, low rise buildings to be used by independent firms to create 'a village vibe' and a 76m Factory Manchester theatre. Spinningfields Deansgate is the centre of Manchester s leisure circuit and has an abundance of restaurants, bars and cafes. Manchester is witnessing a gastronomic boom with the fastest rate of restaurant openings in the UK over the last 10 years, beating even London. The number of restaurants in Manchester grew by 57% over the period. 35 new restaurants opened in the first half of 2015 alone. Deansgate Exchange Square St John's CGI

17 Deansgate Spinningfields Exchange Square Beetham Tower Selfridges NOMA Byrom Street 8 Central Business District Town Hall St. John's Quarter 4

18 THE OPPORTUNITY Artillery House is offered as a complete hands-off investment with the whole project managed by Beech Companies from build through to management of the completed apartments. The properties will be rented on a weekly, all bills inclusive basis. This results in a higher rental yield to the investor than would also be achievable due to the low cost of heating and running the apartments thanks to the low-carbon technology. This lower running cost means that the net rent received is higher than traditionally built apartments. Beech Group are offering investors a 5-year guaranteed net rental of 7.5% p.a. paid monthly. Net rentals in this central district of Manchester are generally between 4% and 4.5% due to the high value and desirability of the location. Units available from 146,950. All units are 250 year-long leaseholds Payment Plan : 5,000 reservation reserving the unit for 28 days - 50% payment on exchange (minus 5,000) 50% on completion (scheduled Q2 2017) The above market rental yield is due to the apartments unique low-carbon design and flexibility to let on short term and long term contracts Beech s experience in managing properties means that they will handle every aspect of the letting and management process. Their success in maintaining the current Beech portfolio at 100% occupancy for over 7 years means that they can offer you this rental assurance with the utmost confidence in their ability to let the property. Highly experienced nominated UK solicitor available to reprsent investors at affordable rates Dedicated relationship manager allocated to assist purchasers from the point of exchange through to ownership with full understanding of UK regulations and purchase processes

19 SPECIFICATIONS Heating System Market leader Daikin air source heat pumps and underfloor heating system. Kitchen Inset Pyramis sink with matching Monobloc tap. Granite contrasting worktops to include breakfast bar, with glass splashbacks and acrylic lacquered handleless doors in anthracite grey to finish. Appliances Smeg appliances throughout. 4 ring ceramic hob with chimney hood and stainless steel back panel, single under oven or multi oven and integrated fridge-freezer. Electrical TV point to lounge/ living areas. BT telephony point to lounge. Amitex LED lighting throughout the building, LED strip reading lights in bedroom and LED strip lighting to kitchen. Communal satelliete system to be provided along with intercom door entry system. Wall Tiles Fully fitted bathrooms and shower areas. Sanitaryware The combination vanity cabinets feature ultra-modern high gloss grey acrylic doors that are surrounded by a stylish grey worktop and side panels. The clever design conceals the cistern for a compact and minimalist look. The sink basin incorporates a stylish Grohe mono-bloc mixer tap. Showers Thermostatic shower mixer. Sliding or pivot glass shower door. 800x800 shower tray as a minium. Double showers. Communal Areas All communal areas to be finished in approved material finish and colour scheme. All hallways and staircases to be finished in approved materials and finishes. All communal lighting to be suitably approved. Fire and smoke alarms to be approved. Woodwork Skirting to be moulded MDF skirting throughout, architrave to match (Square edge). Doors Apartment entrance doors to be flush, American walnut, prefinished and pre- hung Secured by Design door sets with brushed steel ironmongery and door furniture. Furniture - Bedroom Ottoman gas lift bed with leather head board and side shelf, and light grey acrylic high gloss handle less fitted wardrobes with LED concealed reading light and contrasting matte panel surround pocket spring mattress with memory foam mattress topper. Furniture - Lounge / Diner Leather Barcelona chair, dining table and/or granite breakfast bar and coffee table. Flooring: The flooring proposed is from British manufacturer Amtico (Maracailbo). This flooring is 10mm (8mm HDF + 3mm LDF sound insulation) thick. Comes with a surface guarantee to resist wear and tear for 35 years.

20 FLOORPLANS Lower Ground Floor

21 GROUND FLOOR FLOORPLANS

22 FIRST FLOOR FLOORPLANS

23 SECOND FLOOR FLOORPLANS

24 THIRD FLOOR FLOORPLANS

25 Please contact us to discuss the next steps Telephone: I info@surrendeninvest.com I 33 St James Square, London SW1Y 4JS We make no representation or warranty of any kind with regard to the information contained in this brochure and none of the information shall be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before making the decision to invest. Any opinions expressed in this document are not statement of facts.