KELHAM WORKS. Introducing. Pre-launch price 10% below market value. Assured net rental 9% for 3 years. Purchase from 69,950

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CONTENTS Introducing Kelham Works Why Invest in Sheffield Centrally Located, Connected City Sheffield: a Thriving Economy A Vibrant and Cultured City Investing in Micro Apartments Investing in

2 CONTENTS Introducing Kelham Works Why Invest in Sheffield Centrally Located, Connected City Sheffield: a Thriving Economy A Vibrant and Cultured City Investing in Micro Apartments Investing in Student Accommodation Living and Working in Kelham Island Kelham Works Overview Interiors Onsite Facilities Kelham Works Location Floor Plans Investment Summary Payment Process Experienced Developers Questions and Answers

3 A stunning new development in Sheffield s vibrant Kelham Island Quarter the perfect location for high quality, boutique living. Introducing KELHAM WORKS Kelham Works, located in the historic and beautiful Kelham Island urban village of Sheffield, is the latest project to be marketed by Preston Baker on behalf of the seasoned developers Noble Design and Build. This development comprises 52 self-contained luxury micro-apartments, plus top of the range communal facilities and utilities; perfect for today s discerning young professionals. This is a fully managed hands-off investment with the following features: Purchase from 69,950 Pre-launch price 10% below market value Assured net rental 9% for 3 years Projected capital growth 5% pa 12 month payment plan Developer Buy Back 125% Year 5 Completion date September

Kelham Works is based in a beautiful area yet remains close to the business hub of Sheffield, ensuring residents are near to work but can enjoy wonderful scenery when returning home.

4 Kelham Works is based in a beautiful area yet remains close to the business hub of Sheffield, ensuring residents are near to work but can enjoy wonderful scenery when returning home. Why Invest in SHEFFIELD With a total student Sheffield population is an economic of more powerhouse than 60,000, in the north Sheffield of England, recently attracting topped a list of university towns businesses and globally cities that with could a high benefit employment from rate, more and purpose excellent built accessibility student a and connectivity. Around 2.1 million people live within a 60 minute commute of the city and growing key sectors include the creative and digital industries, low-carbon, and healthcare technologies. The city centre has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city. Over 63,000 students study at Sheffield s two universities, including more than 7,000 international students. The city recently topped a list of university towns and cities that could benefit from more student accommodation: the universities are only able to provide 11,369 bedrooms to more than 46,890 full-time students, leaving a massive 76% looking for accommodation in the private rented sector. International students are a key driving force behind demand for quality purpose-built accommodation and, with no cap on the numbers who can study in the UK, Knight Frank forecasts this amount will increase by 15-20% over the next five years. Kelham Works directly meets demand from Sheffield s young professionals, who want affordable living in a trendy part of the city, and from international students, who want safe, quality, purpose-built accommodation. 3

5 Centrally Located CONNECTED CITY Sheffield is the UK s most centrally located city region. It is at the hub of key road and rail networks and close to the major UK business centres of Manchester and Birmingham. Located at the heart of the UK, Sheffield has excellent transport links whether you are travelling by road, rail or air. Trains Sheffield has extensive rail links to all major UK cities. Manchester is less than an hour by train and London is just 2 hours and 4 minutes away. Trains run from Sheffield to London every hour, and up to three times per hour to and from Manchester. Roads Sheffield is connected to the national motorway network via the M1 and M18 motorways. The M1 skirts the north-east of the city, linking Sheffield with London. Airports Manchester Airport is an hour s journey away by car, and just over an hour by train. This major international airport is the largest outside London and provides direct flights to over 220 destinations worldwide more than any other UK airport. 4 5

6 Sheffield: A THRIVING ECONOMY Sheffield s economy has significantly transformed over the last twenty years, with substantial improvements made across a range of economic indicators. New employment opportunities and businesses have been created, the two Universities have considerably increased both student numbers and capital investment, and the city s image has been radically reshaped with a series of high-profile improvements to the built environment. Jobs in the City increased by 22% between 1995 and 2008 Home to Boeing, Rolls Royce & Siemens The Sheffield City Region is at the forefront of the UK s industrial and entrepreneurial development and was recently described by the Secretary of State as being at the heart of Britain s continued economic growth. With an economy bigger than some European countries, the Sheffield City Region is a significant financial power. The area is home to almost 1.8 million people and has an output of more than 24.7 billion per year. 55

7 Sheffield is a richly diverse, multicultural city that has earned its reputation for being one of the friendliest and safest in the UK. A vibrant and CULTURED CITY The UK s fourth largest city, Sheffield offers a unique blend of both urban lifestyle and rural retreat. The city has been going through something of an urban renaissance in recent years, making the most of its grand industrial heritage and architecture, and reinventing itself as a city of European significance. Sheffield has something for everyone: a vibrant pub and club culture; high street and boutique shopping; restaurants to suit all tastes; the largest theatre complex outside London; art galleries; iconic music venues; and sports facilities, including three climbing centres and the world s deepest diving pool. Yet a third of the city also lies within the beautiful Peak District National Park. This combination of an exciting, bustling, cosmopolitan city within an outstanding area of natural beauty makes Sheffield a truly unique and inspirational place to live, work and study. Vibrant nightlife with a varied music scene High street & boutique shopping Leading theatres Creative arts spaces Within the UK s first National Park Restaurants & cafes to suit all tastes 6

Investing in micro APARTMENTS Micro-apartments redefine urban living for city-dwelling young professionals who want low cost yet high quality, boutique accommodation.

institutions due to the high yield potential: on average, micro-apartments generate higher yields than those accrued in more traditional buy-to-let markets.

Micro-apartments provide high specification luxury living at affordable prices for today s young professionals who might otherwise be priced out of the areas in which they want to live.

8 Investing in micro APARTMENTS Micro-apartments redefine urban living for city-dwelling young professionals who want low cost yet high quality, boutique accommodation. The micro-apartment concept is simple: Affordable High specification Energy Efficient In the heart of the city The micro-apartment has historically been popular with investment funds and financial institutions due to the high yield potential: on average, micro-apartments generate higher yields than those accrued in more traditional buy-to-let markets. Micro-apartments also attract the student market, particularly post-graduate and international students, providing a safe and quality alternative to halls of residence. Micro-apartments provide high specification luxury living at affordable prices for today s young professionals who might otherwise be priced out of the areas in which they want to live. Student accommodation has out-performed every other asset class in the UK property investment for several years, and this shows no sign of slowing down as demand continues to significantly outstrip supply. Sheffield is home to 63,000 students, including 7,000 international students, but only has 11,000 university managed accommodation places. Micro-apartments such as Kelham Works therefore present an exciting investment opportunity, filling a gap and contributing to the city s housing solutions. Young professionals want high quality, new build apartments with en-suite bathrooms and great facilities close to their place of work 7 5

The student accommodation sector was ranked by The Times as the top asset class in the UK s property market in 2012.

in a continued oversubscription each year. Overall, universities receive 14 applications for every 10 places available: an 8% increase over the last five years.

9 The student accommodation sector was ranked by The Times as the top asset class in the UK s property market in Investing in the STUDENT MARKET The student property market continues to provide stable and lucrative returns and investor appetite shows no sign of waning, with over 2 billion invested in student accommodation in the UK in Student property returns will continue to outstrip traditional asset classes into 2014 The Knight Frank Student Property Report 2014 Demand for university places in the UK remains strong, resulting in a continued oversubscription each year. Overall, universities receive 14 applications for every 10 places available: an 8% increase over the last five years. Students are increasingly demanding high quality and secure purpose built accommodation with great facilities close to their place of study. And they are willing to pay more than ever for these benefits. A shortage of this kind of accommodation ensures rental values remain high across the board. Data from the National Union of Students shows that rents for purpose-built student accommodation continue to rise above the level of inflation, increasing by 53% since International students are the driving force behind the demand for purpose built accommodation and, with no cap on the number of students who can study in the UK, Knight Frank has forecast that the number of international students in higher education will increase by 15%-20% over the next five years. This will certainly further boost demand for luxury student accommodation and propel this investment sector from strength to strength. 8

Living and working in KELHAM ISLAND Kelham Island s award winning pubs, The Fat Cat and the Kelham Island Tavern, were recently mentioned in the New York Times article 52 Places to Go in 2014.

The majority of the area is within a conservation area that protects and proudly exhibits Sheffield s industrial heritage and architecture.

10 Living and working in KELHAM ISLAND Kelham Island s award winning pubs, The Fat Cat and the Kelham Island Tavern, were recently mentioned in the New York Times article 52 Places to Go in The Kelham Island Quarter is Sheffield s only urban village, and sits just north of Sheffield City Centre. The majority of the area is within a conservation area that protects and proudly exhibits Sheffield s industrial heritage and architecture. Kelham has an edgy, dynamic SoHo feel about it, characterised by warehouses converted into high spec offices and apartments, artisan businesses and workshops, galleries, cafes, bars, restaurants and award winning pubs. Its riverside setting and central square further add to its charm. For ale connoisseurs, the Kelham Island Tavern is the only pub to have won the coveted CAMRA National Pub of the Year Award for two years running. The area buzzes with energy and has fast become Sheffield s place to be, attracting young professionals, couples and also families who enjoy its vibrant sense of community. Kelham is a unique and exciting space in which to live, work and visit, so many may not feel the need to venture further! Yet it is well connected by excellent bus and tram links to the city centre, universities and local colleges. The Peak District National Park is also just a 10 minute drive away. 9 5

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13 Kelham Works is a high-profile development comprising 52 luxury sought after self-contained units for young professionals in a central, stylish area. Kelham Works OVERVIEW Kelham Works is a luxuriously built hub for young professionals in a prime location. Its six floors provide excellent social and communal facilities, including a roof top terrace, retail space, cinema, and gymnasium, plus all the facilities and utilities you would expect from a high specification student development. Accommodation comprises 52 luxury units. All units are en-suite, have their own kitchen, dining and study areas, and make clever use of space with quality fixtures and fittings. The development sits next to the famous Kelham Island Tavern, in the heart of the desirable Kelham Island Quarter, yet just a short tram ride from Sheffield s city centre 52 luxury units Roof top terrace Furniture packs available High-spec finish Excellent onsite facilities Retail space 12

14 INTERIORS FURNITURE PACKS AVAILABLE 13

15 Kelham Works provides a safe, secure environment with a 24/7 security system, WiFi throughout, and a range of excellent onsite facilities. Onsite FACILITIES Roof top terrace Cinema room Games room Bike store Laundry room WiFi Gymnasium Retail space CCTV 14

16 Kelham Works LOCATION updated using Kelham Island Quarter centre as postcode. Could do with the postcode to double check and to add into full address in FAQs Kelham Works is ideally located for young professionals: close to the city centre, major businesses, shops and nightlife. Kelham Works has everything young professionals want and need within a few minutes stroll, including great bus and tram links to the city centre right on the doorstop. 0.1 mile Nearest Bus & Tram stops 1.1 mile University of Sheffield 1.5 mile Sheffield Railway Station 2.0 mile Sheffield Hallam University Nightlife & Eating Out Kelham Island Quarter has all manner of cafes, gastro pubs, bars and breweries, which are thriving in what is quickly becoming a new young professional mecca. Kelham Island Museum Kelham Works O2 Academy Shops Kelham Island has many unique points of interest reflecting its past, such as outlets for vintage clothes and handmade trinkets, and various artist studios and museums Orchard Square 10 minute walk The Forum 17 minute walk Meadowhall 3.3 miles by car University Train Station 155

17 DRY RISER INLET FLOOR PLANS PROPOSED TOWNHOUSES BIKE STORE ACCESS 11 BIKES PLANT BIN STORE ACCESS BINS VENTILATED LOBBY GYM/GAMES METERS RESIDENTIAL ENTRANCE POST LOBBY SMOKE SERVICES VENTILATED LOBBY LAUNDRY COMMERCIAL ENTRANCE STORE LIFT CINEMA ATM A1/A3 USE KELHAM ISLAND TAEVERN PROPOSED TOWNHOUSES COMMERCIAL ESCAPE GROUND FLOOR Ground Floor 16

18 LIFT BROWN ROOF SMOKE LOBBY STORE STORE SERVICES AOV AOV AOV AOV LIFT LOBBY STORE STORE SMOKE SERVICES Second Floor AOV AOV 8 9 AOV First Floor FLOOR PLANS 17

19 FLOOR PLANS TERRACE 10 STORE AOV SMOKE SERVICES SMOKE SERVICES 9 LOBBY AOV 9 LOBBY AOV 8 LIFT TERRACE 8 LIFT STORE STORE AOV AOV BROWN ROOF Third Floor Fourth Floor 18

Investment SUMMARY Kelham Works is currently released for sale with a pre-launch price of 10% below market value. The development will be completed by September 2016.

20 Investment SUMMARY Kelham Works is currently released for sale with a pre-launch price of 10% below market value. The development will be completed by September Kelham Works represents a solid investment opportunity, with generous annual returns, a flexible exit strategy, and a choice of purchase options for investors. Key Features Purchase from 69,995 Assured net rental 9% for 3 years Estimated capital uplift 5% pa Flexible exit strategy Investment Example Unit no. 113 Type Studio Purchase 69,950 Gross annual income 8,400 Maintenance 1,200 Management fees 400 Ground rent 300 Net income 6,500 Net yield (3 years) 9% Assured net rental of 9% per annum for the first 3 years 195

21 You are required to pay a reservation deposit. Your final payment will be due when construction completes. Payment PROCESS STAGE PAYMENTS Once your property consultant has helped you to select your unit(s), please complete the reservation agreement and return it along with a copy of your passport, a recent utility bill and your deposit. The bank transfer details will be found on the reservation agreement. Option One 1 Deposit of 2,500 with reservation form 2 75% of balance (including deposit) on exchange of contracts within 28 days 3 Remaining balance due on completion of building in September % interest will be paid on exchange of monies paid Option Two 1 Deposit of 2,500 with reservation form 2 40% of balance (including deposit) on exchange of contracts within 28 days 3 35% of balance on roof level construction 25% on completion in September No interest on deposit funds When your property consultant confirms they have received your paperwork you will need to instruct a solicitor. Should you require assistance we can recommended a number of solicitors experienced in handling student accommodation investment transactions. Your solicitor will advise you of the paperwork they will require. Please return this promptly to reduce the risk of delays. Your first instalment will be paid when you exchange contracts. Your solicitor will inform you when they have the date for exchange, providing you with adequate notice. At the time of exchange you will also be required to sign and return your contracts. If you are unable to do so due to your location, your solicitor will be able to act as your Power of Attorney but may charge an additional fee for this service. After you have exchanged contracts you will receive a welcome letter from the developer, which will detail the future service they will provide and include all contact details. 20

Experienced DEVELOPERS Noble Design and Build only work with large, multi-partner architects, surveyors and engineers to ensure quality control,

Noble Design and Build are reputable developers who have been active in the UK property market for many years.

In most cases Noble act as project developer, assembling the appropriate expert teams to carry out the build itself, and they have worked

These include major PLC steel-frame fabrication companies and the leading suppliers of lifts, build materials and ground works.

22 Experienced DEVELOPERS Noble Design and Build only work with large, multi-partner architects, surveyors and engineers to ensure quality control, planning and construction meet the highest levels. Noble Design and Build are reputable developers who have been active in the UK property market for many years. They are highly experienced and are able to deal with both small and large projects. In most cases Noble act as project developer, assembling the appropriate expert teams to carry out the build itself, and they have worked alongside some of the foremost companies in the construction industry. These include major PLC steel-frame fabrication companies and the leading suppliers of lifts, build materials and ground works. Noble has its own build teams and sub-contracts regular trades for groundwork, construction, first and second fix and decor/renovation. Noble Design and Build also provide property and tenancy management services, under the name of Noble Living. The company has a large land and site bank and many projects currently in progress. In 2014 Noble will complete more than 200 units, with 400 further units already in the pipeline for next year. 215

Questions and ANSWERS What is the address of the site?

Am I buying as freehold or leasehold? 195 years leasehold.

Based on a purchase price of 69,950 you will receive an

years which is a 9% yield. When is my rental income paid?

Can I do anything I want with my apartment?

student lets. Is there a management company in place?

Please do not hesitate to contact Preston Baker for any

CONTACT US Preston Baker Are there any restrictions if I want

23 Questions and ANSWERS What is the address of the site? Kelham Works, Kelham Island Quarter, Sheffield S3 8RW Has the construction started? Yes. When will the building be completed? September Am I buying as freehold or leasehold? 195 years leasehold. What can I expect as a return on my investment? Based on a purchase price of 69,950 you will receive an assured net rental of 6,500 per annum for the first three years which is a 9% yield. When is my rental income paid? Quarterly in arrears. Can I resell my unit? Yes. Can I do anything I want with my apartment? Apartments are C3 residential use with dual planning for student lets. Is there a management company in place? Yes - Noble Living. Who do I contact to find out more? Please do not hesitate to contact Preston Baker for any additional information. CONTACT US Preston Baker Are there any restrictions if I want to sell? No, you can sell off-plan or once built but the developer would like first refusal. Blenheim Reach, 861 Ecclesall Road, Sheffield, S11 8TH Tel: Web: sheffield@prestonbaker.co.uk 22

PRINTWORKS. Assured net rental 9% for 3 years. Completion date January Purchase from 59,995 59,995

PRINTWORKS. Assured net rental 9% for 3 years. Completion date January Purchase from 59,995 59,995 Introducing Printworks is the latest project from Noble Design and Build, experienced and proven developers with a reputation for thoughtful, quality builds since 2001. PRINTWORKS Printworks provides a