VIEWPOINT SALFORD, MANCHESTER

Size: px

Start display at page:

Download "VIEWPOINT SALFORD, MANCHESTER"

Dustin Bryan
5 years ago
Views:

1 VIEWPOINT SALFORD, MANCHESTER

SPECIFICATION P10-11 P12-13 P14-17 PROJECTED RETURNS P18-25

2 VIEWPOINT SALFORD, MANCHESTER INVESTMENT OVERVIEW P6-7 SALFORD P8-9 SALFORD PROPERTY MARKET LOCATION PROPERTY SPECIFICATION P10-11 P12-13 P14-17 PROJECTED RETURNS P18-25 PURCHASE PROCESS P26-27 DISCLAIMER P VIEWPOINT, SALFORD,MANCHESTER 3

3 4 VIEWPOINT, SALFORD, MANCHESTER 5

INVESTMENT 7% STUDIO APARTMENTS FROM 1 BEDROOM APARTMENTS FROM OVERVIEW NET RENTAL RETURN 83,995 104,738 Viewpoint is an exceptional

deposit andprices starting fromjust 83,995.

4 INVESTMENT 7% STUDIO APARTMENTS FROM 1 BEDROOM APARTMENTS FROM OVERVIEW NET RENTAL RETURN 83, ,738 Viewpoint is an exceptional off-plan buy-to-let residential apartment investment in the heart of Salford,with7%NETrentalreturn,a2yearrental assurance, 10% interest on deposit andprices starting fromjust 83, YEAR RENTAL ASSURANCE 2 BEDROOM APARTMENTS FROM 139,645 3 BEDROOM DUPLEXES FROM 195,510 COMPLETION SCHEDULED 10% Q INTEREST ACCRUED ON DEPOSIT 150 YEAR LEASEHOLD PROPERTIES FULLY MANAGED BY LOCAL OPERATOR 6 7 VIEWPOINT, SALFORD,MANCHESTER

SALFORD From urban buzz to greenbelt tranquillity, Salford is home to a mixture of waterfront, urban and countryside locations, creating a city whereover 220,000 people want to live, work, study and

Well known as a channel for academic and business talent, students and young professionals get a great start here with an award-winning University that boasts a new digital campus at the world famous

5 SALFORD From urban buzz to greenbelt tranquillity, Salford is home to a mixture of waterfront, urban and countryside locations, creating a city whereover 220,000 people want to live, work, study and visit. Well known as a channel for academic and business talent, students and young professionals get a great start here with an award-winning University that boasts a new digital campus at the world famous MediaCityUK. HOME TO MEDIACITYUK NORTHERN HEADQUARTERS FOR BBC, ITV, SIS & MORE THAN 200 BUSINESSES 650m INVESTED IN REGENERATION OF THE AREA POPULATION OF 233, REGENERATION OF SALFORD CITY CENTRE UNIVERSITY OF SALFORD HOMETOMORETHAN 20,000 STUDENTS GREAT LINKS WITH EMPLOYERS OFFERING WORK PLACEMENTS OFFERS ONE OF THE BIGGEST SCHOLARSHIP PROGRAMMES IN THE UK OVERSEAS STUDENTS FROM OVER 130 COUNTRIES SINCE 2004, SALFORD ECONOMY HAS GROWN 12% 8 VIEWPOINT, SALFORD,MANCHESTER 9

SALFORD PROPERTY MARKET Salfordishometoagrowinganddiversepopulation withmorepeoplemovingtothecityforitsextensive employment and education opportunities.

prospectivestudentswhoarebecomingmorediscerningintheirchoice of accommodation.

6 SALFORD PROPERTY MARKET Salfordishometoagrowinganddiversepopulation withmorepeoplemovingtothecityforitsextensive employment and education opportunities. SALFORDS RESIDENTIAL PROPERTY MARKET SALFORDS STUDENT PROPERTY MARKET In terms of housing, the University admits it has little on-campus student accommodation with much of it no longer attractive to prospectivestudentswhoarebecomingmorediscerningintheirchoice of accommodation. Rooms largely serve first year undergraduates alone, meaningthattheremaining students must find accommodationwithin the private sector. Private sector developments are limited, causing large numbers of residents to reside in the wider Manchester catchment area. This has stemmed a fairly competitive residential marketplace targeted at professionals in the area, largely consisting of luxury 1 & 2-bed apartments across Salford Quays. This means that there is an unrivalled opportunity to take advantage of under-supply in Salford, and bring a completely new product to the marketthatisthebestofbothworlds;where studentfacilities meet residentialliving. Salfords residential market has gone from strength to strength following theconstructionandsubsequentoccupationbythebbc,amongothers, of MediaCityUK. Once a relatively unremarkable suburb of Manchester, Salford now boastsoneofthemost desirablehousingmarketsintheukwithannual price rises in 2014 outstripping everywhere except London. House prices on average have risen by 10.4% in Salford, according to figures released by the Land Registry, outstripping the national average of 7%. 10 VIEWPOINT, SALFORD, MANCHESTER 11

73 miles 4 7 6 Manchester Victoria Station 1.8 miles 9 7 TheArndaleCentre 1.9 miles 3 10 8 OldTrafford 2.

7 LOCATION 1 2 Salford Crescent Station 1.57 miles University of Salford 1.58 miles 3 MediaCityUK 1.4 miles VIEWPOINT SALFORD 4 SalfordCentralStation 1.42 miles Ford Lane, Salford, M6 6PE MEN Arena 1.73 miles Manchester Victoria Station 1.8 miles 9 7 TheArndaleCentre 1.9 miles OldTrafford 2.03 miles 8 9 Manchester Piccadilly Station 2.47 miles 10 Manchester Metropolitan University 2.38 miles 12 VIEWPOINT, SALFORD, MANCHESTER 13

8 PROPERTY SPECIFICATION HOTEL STYLE LOBBY WITH 24 HOUR RECEPTION & SECURITY CONTEMPORARY FURNISHINGS & JULIET BALCONY DININGTABLE & CHAIRS FLAT SCREEN TELEVISION & BROADBAND EN-SUITE SHOWER ROOM 14 VIEWPOINT, SALFORD, MANCHESTER 15

CHAIR & BOOKCASE FITTED KITCHEN WITH HIGH SPEC FRIDGE

9 PROPERTY SPECIFICATION COMMUNAL BIKE STORAGE CENTRAL LOCATION SECURE ENTRANCE DOORWITH FOB ACCESS WORKDESK, CHAIR & BOOKCASE FITTED KITCHEN WITH HIGH SPEC FRIDGE FREEZER, OVEN, HOB &EXTRACTOR 16 VIEWPOINT, SALFORD, MANCHESTER 17

PROJECTED RETURNS STUDIO APARTMENTS Based on Apartment 107 25% Deposit 50% Deposit STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and

10 PROJECTED RETURNS STUDIO APARTMENTS Based on Apartment % Deposit 50% Deposit STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: Purchase Price 83,995 25% Deposit 20, Interest ondeposit(10%) 4, GrossRent (Per Month) 560 Gross Rent(Per Annum) 6, Projected Service Charge Lettings 8% excl.vat GroundRent 300 NET Rent (Per Annum) 5, NETRentalReturn% 6.4% Purchase Price 83,995 50% Deposit 41, Interest on Deposit (10%) 8, Gross Rent (Per Month) 560 Gross Rent (Per Annum) 6, Projected Service Charge Lettings 8% excl. VAT Ground Rent 300 NET Rent (Per Annum) 5, NET Rental Return % 6.4% The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. 5% Interest* 3, NETRentalReturnAfterMortgage Payment 2, ROCI with Mortgage** 10.55% 5% Interest* 2, NET Rental Return After Mortgage Payment * Based upon a 5% initial rate interest only mortgage ** Return on Cash Invested (ROCI) is based upon a 25% deposit and 75% loan-to-value mortgage *** Return on Cash Invested (ROCI) is based upon a 50% deposit and 50% loan-to-value mortgage Finance is not guaranteed and is subject to status andvaluation 3, ROCI with Mortgage*** 7.78% Please Note: this example is for illustration purposes only; the projections for the income, occupancy levels, room rates and management charges are not guaranteed and are subject to change. We accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation. 18 VIEWPOINT, SALFORD, MANCHESTER 19

PROJECTED RETURNS 1 BED APARTMENTS Based on Apartment 108 25% Deposit 50% Deposit STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and

11 PROJECTED RETURNS 1 BED APARTMENTS Based on Apartment % Deposit 50% Deposit STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: Purchase Price 104,738 25% Deposit 26, Interest on Deposit (10%) 5, Gross Rent (Per Month) 695 Gross Rent (Per Annum) 8, Projected Service Charge Lettings 8% excl. VAT Ground Rent 300 NET Rent (Per Annum) 6, NET Rental Return % 6.4% Purchase Price 104,738 50% Deposit 52, Interest on Deposit (10%) 10, Gross Rent (Per Month) 695 Gross Rent (Per Annum) 8, Projected Service Charge Lettings 8% excl. VAT Ground Rent 300 NET Rent (Per Annum) 6, NET Rental Return % 6.4% The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. 5% Interest* 3, NETRentalReturnAfterMortgage Payment 2, ROCI with Mortgage** 10.42% 5% Interest* 2, NETRentalReturnAfterMortgage Payment 4, ROCI with Mortgage*** 7.71% * Based upon a 5% initial rate interest only mortgage ** Return on Cash Invested (ROCI) is based upon a 25% deposit and 75% loan-to-value mortgage *** Return on Cash Invested (ROCI) is based upon a 50% deposit and 50% loan-to-value mortgage Finance is not guaranteed and is subject to status andvaluation Please Note: this example is for illustration purposes only; the projections for the income, occupancy levels, room rates and management charges are not guaranteed and are subject to change. We accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation. 20 VIEWPOINT, SALFORD, MANCHESTER 21

PROJECTED RETURNS 2 BEDAPARTMENTS Based on Apartment 104 25% Deposit 50% Deposit STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and

12 PROJECTED RETURNS 2 BEDAPARTMENTS Based on Apartment % Deposit 50% Deposit STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: Purchase Price 139,645 25% Deposit 33, Interest on Deposit (10%) 6, Gross Rent (Per Month) 920 Gross Rent (Per Annum) 11, Projected Service Charge Lettings 8% excl. VAT Ground Rent 300 NET Rent (Per Annum) 8, NET Rental Return % 6.4% Purchase Price 139,645 50% Deposit 69, Interest on Deposit (10%) 13, Gross Rent (Per Month) 920 Gross Rent (Per Annum) 11, Projected Service Charge Lettings 8% excl. VAT Ground Rent 300 NET Rent (Per Annum) 8, NET Rental Return % 6.4% The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. 5% Interest* 5, NETRentalReturnAfterMortgage Payment 3, ROCI with Mortgage** 11.60% 5% Interest* 3, NET Rental Return After Mortgage Payment * Based upon a 5% initial rate interest only mortgage ** Return on Cash Invested (ROCI) is based upon a 25% deposit and 75% loan-to-value mortgage *** Return on Cash Invested (ROCI) is based upon a 50% deposit and 50% loan-to-value mortgage Finance is not guaranteed and is subject to status andvaluation 5, ROCI with Mortgage*** 7.83% Please Note: this example is for illustration purposes only; the projections for the income, occupancy levels, room rates and management charges are not guaranteed and are subject to change. We accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation. 22 VIEWPOINT, SALFORD, MANCHESTER 23

PROJECTED RETURNS 3 BED DUPLEXES Based on Apartment 001 25% Deposit 50% Deposit STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and

13 PROJECTED RETURNS 3 BED DUPLEXES Based on Apartment % Deposit 50% Deposit STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: Purchase Price 195,510 25% Deposit 48, Interest on Deposit (10%) 9, Gross Rent (Per Month) 1,280 Gross Rent (Per Annum) 15, Projected Service Charge 1, Lettings 8% excl. VAT 1, Ground Rent 300 NET Rent (Per Annum) 12, NET Rental Return % 6.4% Purchase Price 195,510 50% Deposit 97, Interest on Deposit (10%) 19, Gross Rent (Per Month) 1,280 Gross Rent (Per Annum) 15, Projected Service Charge 1, Lettings 8% excl. VAT 1, Ground Rent 300 NET Rent (Per Annum) 12, NET Rental Return % 6.4% The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. 5% Interest* 7, NETRentalReturnAfterMortgage Payment 5, ROCI with Mortgage** 10.60% 5% Interest* 4, NETRentalReturnAfterMortgage Payment 7, ROCI with Mortgage*** 7.80% * Based upon a 5% initial rate interest only mortgage ** Return on Cash Invested (ROCI) is based upon a 25% deposit and 75% loan-to-value mortgage *** Return on Cash Invested (ROCI) is based upon a 50% deposit and 50% loan-to-value mortgage Finance is not guaranteed and is subject to status andvaluation Please Note: this example is for illustration purposes only; the projections for the income, occupancy levels, room rates and management charges are not guaranteed and are subject to change. We accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation. 24 VIEWPOINT, SALFORD, MANCHESTER 25

RESERVATION PURCHASE PROCESS Reservation form completed & 2,500 non-refundable reservation fee paid and deducted from the exchange of contract monies.

14 RESERVATION PURCHASE PROCESS Reservation form completed & 2,500 non-refundable reservation fee paid and deducted from the exchange of contract monies. SOLICITORS INSTRUCTED Solicitors instructed, legal pack sentout & anti-money laundering processcompleted LEGAL COMPLETION 25% or 50% of purchase price paid to solicitors & contracts exchanged and completed within 28 days of reservation, and Title Deeds registered with the UK Land Registry PRACTICAL COMPLETION The balance of the purchase price is paid, the purchase process is completed 26 VIEWPOINT, SALFORD, MANCHESTER 27

15 DISCLAIMER 1. This information is made available to the addressee subject to the terms and conditions of this Disclaimer. Acopy ofthis information is made availabletoyouforyourpersonaluse andmust not be given,sharedorcommunicatedwithanyother person except foryour own professional advisors forthe sole purposeofobtainingtheiradvice. 2. We,the Agent,endeavourto provide accurate, upto date andcompleteinformation but makesno warrantiesorrepresentationsastotheaccuracy, reliabilityorcompletenessorotherwiseofthe information contained herein. We assume no responsibilityorliabilityforanyomissionsorerrors contained in the information. 3. Weactasanagentforthedeveloperandas such accept no liabilitytothe Purchaser. Further andinanyevent,ifnotwithstandingthisprovision liabilityisestablishedagainstus,theagent,then itisagreedthatthetotalmaximumamountof such liabilityis limited toandshall not underany circumstancesexceedtheamountoftheagents NetFeeofanyreservationsmade. 4. Purchasersarerequiredtoconducttheirown due diligence and make their own judgement onthepropertybeingoffered.purchasersmust verifytheinformationandanyspeculative information offered by us. Purchasers are strongly recommended to perform their own financial andlegalassessmentofanyopportunitypriorto making any commitment to participate. 5. We, the Agent, do not provide or offer an opinionastowhetheraparticularpropertyis appropriateforaparticularindividualandoweno dutyofcare tothe Purchaser. 6. We,theAgent,onlyofferan opinion onthe opportunityin generaltermsandinrelationtothe marketasawhole.wearenotabletocomment or give opinions on the strength orvalidity of anybondorinsurancepolicyandpurchasersare stronglyrecommendedtoperformtheirown diligence and seek legal opinion. 7. We, the Agent, donot accept anyresponsibility foramendmentstoorchangesinratesoftaxation, introductionofnewtaxes,changestoexisting legislationortheintroductionofnewlegislation oranymattersrelatingtothefinalcontractual arrangements for any purchase. 8. Whererentalassurancesorguaranteesare offeredaspartofthepurchase,thedeveloper willcontractdirectlywiththepurchasertoassure the rental income at the specified rate andforthe specifiedduration,butthisisnot supported byan insurancepolicy,bondorbank,unlessspecified, noristhiswarrantedorsupportedbyus. 9. DescriptionsofProperty,Homes,Buildings, Locations or Development Particulars, Specifications and Pictures and ArtistsImpressions of any property, home, building, location or development are given in goodfaithandbelieved tobecorrect,buttheydonotformpartofany offerorsolicitationandareintendedonlyasa general guide.we,the Agent, do not controlthe buildingordevelopmentofanyproject. 10. Youacknowledgethatdevelopersreserve therighttoalterplans,designsandspecifications atanytimewithout priornotice. We,theAgent, thereforewillnotberesponsibleforsuchchanges. 11. Alldescriptionsareintendedonlyasageneral guideandarenottoberelieduponbyyouor anyotherinterestedpartiesasastatementor representation of factandyou shouldsatisfy yourselfbyinspectionorotherwise. 12. We,theAgent,haveendeavouredtoprovide thehighestqualityinformation,backedupby substantialexperienceandprovenevidence from the marketplace. However, individual interpretation of information may vary, and individual circumstances, skills, abilities, knowledge andattitudeplayanimportantpartinachieving aparticularoutcome.inaddition,thefuture behaviourofthe propertymarketmaynotfollow past experience, either, internationally, nationally orlocally.forthisreasonwedonotwarrant, guaranteeorpromisethatyouwillmake a profit from any property transaction entered into, whetherasaresultofactingoninformation containedwithinthis document orotherwise.as with any purchase, this may make a loss. 13. The ConsumerProtectionfromUnfairTrading Regulations2008andtheConsumerProtection (Amendment) Regulations 2014 (singly or together thecpr)prohibitunfairpractices.tosatisfyour obligationsunderthecpr,oursalesparticulars have beenpreparedbyusupontheinstruction of the vendor and in accordance with these regulations. The sales particulars are produced in goodfaithandarenotintendedtoformpartofa contract. 14. The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoingpersonalorcorporatetaxationwhichmay apply; for theavoidance of doubt,we, theagent, shallhavenoliabilityforsuchtaxes. 15. We, the Agent, are not authorised and regulatedbythefinancialconductauthority(fca) and as such is not permitted to offer financial adviceaboutinvestments,betheyregulatedor unregulated. We,the Agent, donot offerfinancial Advice.Incaseofqueriesordoubtyoushould consult an FCA regulated Independent Financial Advisor (IFA). 28 VIEWPOINT, SALFORD, MANCHESTER 29

VIEWING BY APPOINTMENT WITH AGENTS NU:MOVE LIMITED Business & Technology Centre,Shifnal Road,Priorslee,Telford,Shropshire,TF2 9NT T: 0330 223 0331 E: info@nu-move.co.

16 VIEWING BY APPOINTMENT WITH AGENTS NU:MOVE LIMITED Business & Technology Centre,Shifnal Road,Priorslee,Telford,Shropshire,TF2 9NT T: E: W: General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER NU:MOVE LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. Written quotations available on request. All loans secured on property. Life assurance is usually required.

VIEWPOINT SALFORD 2 VIEWPOINT SALFORD 3. Investment Overview 4-5. Location - Salford & Manchester 6-7. Projected Returns - 25% Deposit 8-11

VIEWPOINT SALFORD 2 VIEWPOINT SALFORD 3. Investment Overview 4-5. Location - Salford & Manchester 6-7. Projected Returns - 25% Deposit 8-11 VIEWPOINT VIEWPOINT Investment Overview Location - Salford & Manchester Projected Returns - 25% Deposit Projected Returns - 50% Deposit 4-5 6-7 8-11 12-15 Property Specification 16-19 Salford 20-23 Purchase