Leighton Hall NEW. Preston s Finest Student Accommodation. Penthouse en suite rooms and studios from 41,640. immediate income.

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1 Leighton Hall NEW Fully operational immediate income Preston s Finest Student Accommodation Penthouse en suite rooms and studios from 41,640 An immediate 7% PA assured net rental return for 5 years Zero operating costs Perfect on campus location Purpose built and operational for 10 years with 99.3% occupancy Managed by the UK s number 1 student operator CRM Students Voted Most loved facility by UCLAN S 33,000 students UCLAN, a world class University, the UK s 8th largest And much, much more

2 EXECUTIVE SUMMARY The musts With student accommodation, already unquestionably the best performing investment sector in the UK year after year, the 100 en suite rooms and 7 studios we are now in a position to offer you in Leighton Hall, Preston can certainly be counted among its crown jewels. Not only are they the best located units in Leighton Hall voted best value for money student residence by the 33,000 member UCLAN Students Union, but they are also rented out, managed, and maintained on behalf of the owners hands-free by the UK s number one student operator, CRM Students. The building is fully operational, and our studios and en suite rooms are currently tenanted and already rented out for the 2015/2016 year, as they ve been for the last ten years. With prices starting from 41,640 for 140 year leaseholds and rental yields of 7% net assured for five years starting immediately, paid quarterly in arrears and projected to increase beyond that, we don t see them remaining available for long. Leighton Hall is located at the south of the University of Central Lancashire s City Campus (UCLan) and across the street from many of the main buildings and lecture halls. It is perfectly positioned to provide its lucky student residents with their much sought after modern, affordable, and wellmanaged purpose built accommodation. A further upgrade already planned for our rooms and studios and included in the sale price will be carried out in the summer of This upgrade assures their continuing premium status and attractiveness to the students, and to you their owners, the certainty of continuing 100% occupancy and a truly exceptional secure, hands-free high yield investment. Built & fully operational High yielding hands-free asset Simple and secure transaction Perfectly located Professionally managed Huge undersupplied demand Highly marketable & easily exited A low risk stable source of regular and excellent income delivering fabulous total returns when adding capital appreciation over time 2 Leighton Hall Preston s Finest Student Accommodation 3

3 The Investment Opportunity 100 en-suite rooms from 41,640 7 studios from 74,000 Penthouse units available Up and running and fully operational from day 1 All rooms and studios already tenanted for the 2015/16 academic year 35% NET rental return assured over 5 years An assured 5-year, 7% net rental return on your investment paid quarterly in arrears directly into your bank account. Zero operating costs. Year 6 and beyond, net rental returns projected to improve on the first five years Premium En Suite Premium Studio Excellent Financial Returns rental Returns Assured 5 Yr Escrow Bonded Rental Period Year 1 Year 2 Year 3 Year 4 Year 5 Net Rental Yield 7% 7% 7% 7% 7% 41,640 2,915 2,915 2,915 2,915 2,915 74,000 5,180 5,180 5,180 5,180 5,180 Cummulative Return 7% 14% 21% 28% 35% A Land Registry recorded 140-year lease on your investment CRM Students, the UK s number 1 student operator to provide A-Z management services for 7 years, renewable Developer s assurance supported by a rental reserve fund held in escrow during this period 10 year record of 99.3% proven occupancy Huge unmet demand - Only 25% of the demand for purpose built housing is satisfied Perfect on campus city center location Recently purpose built with all common areas, rooms and studios designed finished and furnished to the highest standards by the UK s premier Student housing provider A short walk to the campus s wealth of amenities, sports and fitness facilities and active Student Union. Voted best value for money hall of residence in 2014 by the University s 33,000 strong Students Union Investors free to sell their en suite room or studio at any time Student housing, the true star of the buy-to-let market, with 6 billion invested in the last three years 4 Leighton Hall Preston s Finest Student Accommodation 5

4 UK Student housing a growth market LEIGHTON HALL The UK Market in General CBRE & Knight Frank both confirm student housing as the best performing property asset class in 2014 for the third year in a row In ,000 students started degree courses in the UK bringing the total to over 2 million students Exceptionally competitive internationally, with 425,000 students from outside Britain 18% of the total student population. 30,000 more expected by The Preston Student Market Massively Undersupplied University of Central Lancashire s Preston city campus s 32,530 students 20,765 (66%) full-time requiring housing over the life of their studies. Of these full-time students, 19,225 (93%) are undergraduates and 1,540 (7%) are postgraduates. The total number of international students is 3,060 (10%) and growing rapidly. To satisfy this demand only 5200 purpose built beds - half provided by the university and half from the private sector ONLY 25% of the purpose built demand is currently being met The most loved student accommodation in Preston, Leighton Hall offers fantastic student accommodation at market leading prices. University Accredited & right in the center of things Leighton Hall was voted Best value for money 13/14 by UCLAN students union. The shortfall is currently made up from Houses in Multiple Occupation (HMOs), or from students living with parents. HMO s however are being proactively discouraged by legislation and government. Under the Article 4 Direction, implemented by Preston City Council planning permission now has to be sought to create a HMO. This will seriously limit the number of properties available to students to rent in Preston, creating a further natural migration of the student population to locations and buildings like Leighton Hall. alocated on campus and across the street from the new JB Firth Forensic and Criminology building and a short walk to many of the main University of Central Lancashire (UCLAN) buildings including the students union & library. aroll out of bed into lectures. aat the same time, in Preston city center with its lively student scene; everything just a short distance away. 6 Leighton Hall Preston s Finest Student Accommodation 7

5 University of Central Lancashire (UCLAN) PRESTON Founded in 1828 as a city campus University The 8th largest University in the country with 33,000 students and it s getting bigger A truly global institution: 120 nationalities; partnership network with 125 countries, runs 100+ student exchange programmes; and it has a new campus in Cyprus and a nanotechnology research team in China Has invested over 100m in new buildings and facilities, including the 13m Sports Centre and a 12.5m building for forensic science, chemistry and fire courses, both next to Leighton Hall students union Point of Interest Distance Walking Time UCLAN Lecture Halls 0 miles 10 secs UCLAN Sports Centre 0.1 miles 1 min UCLAN Students Union 0.2 miles 5 min 200m UCLAN redevelopment Master Plan announced in Feb 2015 in cooperation with Preston City Council Vibrant & forward looking: Europe s largest 3-D lecture theatre, a 24-hour-access library, forensic crime scene houses, a motorsports workshop and child observation lab. The dental school was one of the few to open in over a century with the 5.3m Allen Building housing some of Europe s most advanced facilities for dental and medical students Leighton Hall uclan Shopping District 0.4 miles 9 min Preston Train Station 0.5 miles 12 min lecture halls Innovative: Created a new course in medicine aimed at overseas students; a BSc in Airport Security Management the first of its kind in the UK an MSc in Counter Terrorism, while the architecture degree was the first new course in the subject for a decade and the nurse-led stroke research unit is the only one of its kind in the UK. sports centre Highly entrepreneurial: ranks in the top two universities nationally for the number of graduate start-ups & first for the number still trading after three years (about 70%). The university works with a wide variety of industrial partners and many undergraduate programmes are directly linked to them. preston shopping district A Centre of Excellence: Linguistics and journalism are classed as world leading train station Outstanding sports facilities were used as official training venues for the 2012 Olympics and the 2013 Rugby League World Cup. Best Campus Venue 2011 award won by The students union from Live UK Music, and in 2012 was ranked in the top 25% for its support, activities and academic representation. A stone s throw away from the stunning scenery of the Lake District, romantic atmosphere of the seaside, and bustling city vibes of both Manchester and Liverpool. A vibrant mid-sized city with a population of 140,000. Large enough to house a diversity of cultures, and cosy enough for you to feel right at home. An overall rating of the teaching, research and facilities by world-renown QS World University Rankings, gave the university four out of five stars. The choice of more than 33,000 students year after year with 1 in 5 people living in Preston students. Close to the M6 for excellent road communications. Rail services to London Euston are available with a journey time of 2hours 45mins. 8 Leighton Hall Preston s Finest Student Accommodation 9

6 Cluster apartment lounge / kitchen /diner Our offering MANAGED BY CRM CRM Students is the UK s leading independent student accommodation management brand. With over 15 years track record in successfully operating some 70 student schemes with 18,000 beds across the UK, employing over 400 staff and collecting in excess of 100 million in rents annually A Premium Range of en suite rooms and studio apartments Delivering Excellence In the summer of 2016 we will be undertaking an aesthetic refurbishment of all of the en suite rooms and studios we are selling to create a Premium Range of student accommodation within Leighton Hall. This will fully maximize the rental potential of the units and give our owners the competitive edge required to continue with the excellent occupancy rates of the building. This has been carefully decided and planned together with CRM Students. They have unparalleled expertise in design and layout specifications and will work closely with us and our approved interior design specialists and contractors to assure the high level of excellence CRM is renowned for. The cost for all refurbishment work is included within the purchase price of your unit with a solicitor controlled escrow account established to hold the funds for the work from the day you complete on the purchase. A sinking fund controlled by CRM is already in place and in funds to carry out any on going maintenance of your rooms and studios plus all common areas. The sinking fund is continually topped up annually. Leighton Hall Additional On-site Benefits High speed WIFI throughout the entire building Hi-tech safety & security with 24 hr CCTV and electronic entry throughout the building, smoke detectors, security patrols etc On-site CRM management office Friendly CRM management team that has been there since it opened Excellent common room with Flat screen TVs, Playstations, table football, vending machines chill out areas and much more Manned reception and greeting area Laundry Room Internal Lifts Bike Storage with CCTV Focused on managing and delivering on the assets of you, its owners, CRM additionally has advised us on design, layout, facilities, amenities, plant, technology and pricing, to ensure the housing schemes also deliver for the student tenants. All is tailored to achieve a financially successful, safe & fit for purpose operation, throughout the life of the asset by constantly adapting and refreshing the offering to the everchanging needs of the student body. Excellent occupancy rates and great feedback from tenants is due to CRM s commitment to improving the student experience at every touch point. From initial booking to the welcome meeting, from room inspections and pastoral support and much more. In short, CRM accomplishes the building of successful student communities by utilizing the synergy between the on-site CRM team in Leighton Hall having intimate knowledge of the site and the local students, fully supported by a wide range of specialist skills provided by teams at CRM Students head office. Named preferred supplier for quality student accommodation by UCLAN Accredited by ANUK, recognized by all UK Universities, the Student Union and the UK Government for defining a code of standards for student accommodation. 10 Leighton Hall Preston s Finest Student Accommodation 11

7 PREMIUM EN SUITE ROOMS All en suite rooms are part of a 5 or 6 bedroom cluster apartment with a separate shared lounge / kitchen / diner Furniture, fixtures and fittings All included. Hi speed WIFI connection ¾ bed and mattress Double wardrobe Desk chair Bookcase Shelving unit Heater 2 under bed storage units Above bed light and light fittings on the wall Domestic smoke alarm Chest of drawers Desk and drawers Curtains / blind Shower tray and shower Toilet and sink Extractor fan Shaving light Mirror Shelf The above rendering is a visual representation of how we envisage the en suite rooms in Leighton Hall to look and feel. This may differ from the finished product. 12 Leighton Hall Preston s Finest Student Accommodation 13

8 Premium Studio Apartments Furniture, fixtures and fittings All included. Hi speed WIFI connection ¾ bed and mattress Double wardrobe Desk chair Bookcase Shelving unit Heater 2 under bed storage units Above bed light and light fittings on the wall Domestic smoke alarm Chest of drawers Desk and drawers Curtains / blind Shower tray and shower Toilet and sink Extractor fan Shaving light Mirror Shelf 1 x 2 seater sofa 28 TV license provided Kitchen units Cooker Extractor hood Hob Microwave Fridge freezer Hoover Ironing board Water boiler Curtains Dining table 2 dining chairs The above rendering is a visual representation of how we envisage the studio apartments in Leighton Hall to look and feel. This may differ from the finished product. 14 Leighton Hall Preston s Finest Student Accommodation 15

9 TYPICAL LEIGHTON HALL FLOOR PLANS 49 a b c d e f 50 a b c d e f a b c d e f a b c d e Block b 60 e d c b a f e d c b a f e d c b a f e d c b a 57 En suite rooms 12 to 20 sqm Block a f e d c b a b a f e d c Studio Apartments - 24 to 26 sqm Leighton Hall Preston s Finest Student Accommodation 17

10 Investor Security Purchase process overseen by a fully independent UK commercial solicitor The Purchase Process It Couldn t Be Simpler Leasehold titles for each en-suite room and studio will be officially registered in the investor s name with the UK Land Registry. 7% net rental return for 5 years effected via a simple sale, lease-back contract with the developer guaranteed and supported by a fully funded rental reserve fund Contract to fully provide for open ended continuing CRM management of your investment from year 6 onwards Insurance, ground rent, maintenance fund, and all other costs fully covered in the first 5 years and after that included in the CRM all-in management fee except for the nominal ground rent The hard asset-backed assurance of a highly experienced student accommodation developer skilled in providing excellent housing and in the strict enforcement of all its outsourced deliverables to its unit investors and student tenants. With over 33,000 students to market to, and only 5,500 purpose beds available if for no other reason full occupancy at top market rental rates is virtually assured as is a net return of greater than 7% pa year 6 onwards Select a unit at Leighton Hall and pay the 4,000 non-refundable reservation fee Complete and return your reservation form and additional important documentation The independent UK solicitor will be in contact to offer legal assistance and guide you through your purchase and contract signing Exchange contracts on your property and pay the 25% deposit to your solicitor no later than 28 days from reservation. Your deposit will be held in escrow until completion. Pay the remaining purchase amount in full to your solicitor by 25th August 2015 and complete on your purchase shortly thereafter Take leasehold ownership of your high yielding en suite room or studio 18 Leighton Hall Preston s Finest Student Accommodation 19

11 Leighton Hall Preston s Finest Student Accommodation PENTHOUSE EN SUITE ROOMS AND STUDIOS FROM 41, Leighton Hall Preston s Finest Student Accommodation 21

12 investment What Happens Next? Please contact your dedicated Portfolio Manager to discuss or request any of the following: Full floor plans Up to date availability Reservation details Project due diligence Contact Details Telephone: +44 (0) Web: