CANTERBURY HALL PRESTON. Introducing an outstanding student accommodation for a world class university: Canterbury Hall, Preston.

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2 CANTERBURY HALL PRESTON Introducing an outstanding student accommodation for a world class university: Canterbury Hall, Preston. Standing just metres from the campus of the UK s 8th largest university the University of Central Lancashire (UCLan) studio apartments at this landmark new development provide purchasers with NET rental returns of up to 10% and a 5-year rental assurance. With more than 30,000 students enrolled, Preston s academic body accounts for more than 20% of the city s entire population, attracting students from more than 120 countries around the world. These high specification apartments are located just a short distance from Preston s bustling city centre, ensuring that students are close to the city s many shopping, entertainment and leisure venues making Canterbury Hall the first choice for students and purchasers alike.

3 Investment Overview 10 % 5 4 % 191 UP TO YEAR Canterbury Hall is an exceptional opportunity to invest in an off-plan development at the heart of the thriving student city of Preston. Providing a high standard of living for students from the UK and abroad, Canterbury Hall is set to become a landmark student development in this popular student hub. NET Rental Return (excluding ground rent) 275 Ground Rent Rental Assurance FROM 59,900 Studio Apartments Interest on Deposit Q Completion Scheduled Self-Contained Studios 125 YEARS Leasehold Property These CGIs have been used for illustative purposes only. 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. Up to 10% NET Rental Return for 5 Years

4 Rental Assurance Canterbury Hall, Preston, provides purchasers with up to 10% NET rental return (excluding ground rent), complete with a 5 year rental assurance. GROUND FLOOR FLOORS 1 & 2 FLOORS 3 & 4 Based on Apartment 0.6 Based on Apartment 1.1 Based on Apartment 3.1 Purchase Price 59,900 63,300 64,200 Rental Assurance* Rental Return** Rental Assurance Period 10% 5 Years 9% 5 Years 8% 5 Years Total Projected Return!! STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: 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. 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. Return on Investment*** 50% 45% 40% Rental Assurance Income 29,950 28,485 25,680 *The developer is contracted to provide the rental assurance, details of which will be confirmed by the solicitors acting for the purchaser. **Rental return excludes 275 ground rent. ***ROI - Return on Investment

5 Property Specification Situated just 0.5 miles from the University of Central Lancashire, Canterbury Hall will provide contemporary and comfortable living, perfect for the city s large student population. With a selection of 191 self-contained studios, the development offers fully furnished living with modern communal areas, such as roof top garden, cinema and gym. Each apartment will be fitted with an ensuite shower room, a fridge with freezer box, a double hob with extractor fan and a combination microwave. Students will also benefit from having their home furnished with a queensize bed, a dining table with two chairs, book cases, a study and tv stands, as well as access to super fast broadband. Contemporary En-Suite Shower Rooms On-Site Cinema Room Communal Rooftop Garden & Seating Area

6 Location & Amenities Canterbury Hall, Garstang Road, Preston, PR1 1NA University of Central Lancashire Students Union 0.49 miles from Canterbury Hall University of Central Lancashire Lecture Halls 0.62 miles from Canterbury Hall University of Central Lancashire Sports Centre 0.64 miles from Canterbury Hall St. George s Shopping Centre 0.81 miles from Canterbury Hall Fishergate Shopping Centre 0.95 miles from Canterbury Hall Preston Train Station 1.06 miles from Canterbury Hall University of Central Lancashire Campus Manchester miles from Canterbury Hall Liverpool miles from Canterbury Hall Blackpool miles from Canterbury Hall

7 Student Demand in the UK The UK has one of the largest and most prestigious university and higher education systems in the world. With more than 2.3 million students in the UK, there is a large demand for student accommodation. According to Knight Frank, there is a structural undersupply of student accommodation within the UK. Overseas students are a majority driver for Purpose Built Student Accommodation (PBSA), with the size of this group expected to rise by 15-20% in the UK over the next five years. 2.3 million RISING DEMAND 600,000 WORLD CLASS EDUCATION more than 25% 15-20% increase Students studying in the UK Applications made to UK universities for 2016/17 Of students in the UK are from overseas Of overseas students studying in UK over the next five years expected

8 Student Demand in Preston UNIVERSITY OF CENTRAL LANCASHIRE 30,000 STUDENTS STUDYING ON CAMPUS IN PRESTON Preston is home to the University of Central Lancashire (UCLan), with more than 30,000 students enrolled from 120 countries. Images (top left to far right): University of Central Lancashire Campus Redevelopment, Hawkins Brown Square at UCLan, Engineering Innovation Centre at UCLan, The Media Factory at UCLan. Image source: uclanmasterplan.co.uk The 8th largest university in the UK, UCLan is set to undergo extensive investment over the course of the next decade, with a further 200 million of campus improvements due to be made including a brand new Students Union building and the 30m Engineering Innovation Centre (EIC). Accounting for more than 20% of Preston s total population, students in the city are a valued part of the local economy, helping to shape its current success. UCLan s diverse and innovative range of courses, with around 500 undergraduate and 200 postgraduate study options, attracts students from around the world. However, with just 2,200 beds provided by the university, there is a high demand for student accommodation as Preston s popularity as a student city continues to grow. 200m TRANSFORMATION OF PRESTON CAMPUS UNDERWAY UCLAN S STUDENT POPULATION WELCOMES 120 NATIONS UCLAN IS THE 8TH LARGEST UNIVERSITY IN THE UK MORE THAN 20% OF PRESTON S POPULATION IS STUDENTS THE UNIVERSITY HAS CAMPUSES IN CYPRUS, CUMBRIA AND BURNLEY Source: _us

9 Preston: In Focus One of the North West s largest cities and the administrative centre of Lancashire, Preston has become one of the UK s leading locations for students. Ranked above London, Manchester and Cardiff in PWC s Good Growth for Cities Index 2016, this modern and diverse city stands at the centre of the county s growing economy, worth 25 million and sustaining nearly 650,000 jobs. TRANSPORT POPULATION Excellent Links Direct train services to Manchester, London, Edinburgh & Glasgow Source: Virgin Trains 140,202 People live in Preston Source: Preston City Council CULTURE HUB PROSPECTS Historic City Home to Lancashire s leading historic attractions including the Harris Museum & Art Gallery Source: Harris Museum 20,000 New Jobs Expanding population to bring new careers and 17,420 new homes. Source: Preston City Council The new Preston and Lancashire City Deal will see more than 430m invested into the infrastructure in and around the city, with projections of a further 2.3 billion in local investment to be stimulated by the deal. ECONOMY 434 million Preston and Lancashire City Deal to improve transport and infrastructure GROWTH 1 Billion Growth expected in Preston s local economy over the next decade Source: Source: Preston City Council Source: Source: Preston City Council Image: The Harris Museum and Gallery, Preston

10 Comparable Accommodation Canterbury Hall Student Studio Apartments 51 Week Tenancy FROM 121 Leighton Hall (Standard Studio) Student Studio Apartments 51 Week Tenancy Sold Out (2017/18) 125 iq Kopa (Silver Studio) Student Studio Apartments 51 Week Tenancy Sold Out (2017/18) 140 The Tramshed (Standard Studio) Student Studio Apartments 50 Week Tenancy Sold Out (2017/18) 160 All information collated on 07/07/17 and was correct at the time of publication

11 The Developer With a wealth of experience spanning three decades, Fraser Morgan and Sunglen Properties are extremely experienced sourcers of student, residential and commercial property nationwide. Fraser Morgan and Sunglen Property s expertise, commitment and attention to detail ensure that they deliver outstanding, high quality investments to property investors with the aim of producing excellent returns. Integrity is the cornerstone of Fraser Morgan and Sunglen Property s approach, and their professionalism and dedication is paramount when bringing a new development to the marketplace, providing an outstanding product for both purchaser and tenant, time and again. GLOBEWORKS THE WESTBRIDGE HOTEL 520 bed student development in close proximity to both major Universities in Birmingham Existing Grade II listed coach inn within close proximity to the Olympic Village in Stratford, London Fraser Morgan and Sunglen Property use their expertise and extensive network of contacts to develop the perfect opportunities at the right price, whilst ensuring your needs are understood, allowing them to deliver the very best investments to the marketplace. MINTON HOLLINS HALLS RIVERSIDE APARTMENTS 2 sites A & B and formed a combined total of 1,657 student beds in Stoke-on-Trent Riverside Apartments have been developed to provide high uality residential apartments in Bristol. The Rental Manager Student Facility Management (SFM) will be acting as the rental manager for Canterbury Hall in Preston. SFM s ongoing investment in their portfolios is one of many reasons that they attract quality tenants, which in turn creates a more pleasant environment for the whole rental community. The firm believes that good maintenance standards come from a twofold approach: 1. Ongoing maintenance programmes allow potential problems to be seen before they arise, allowing them to be proactive with repairs and minimise issues that could affect our tenants 2. Any reported issues are dealt with as soon as possible, so that a reactive and efficient service can be provided - preventing issues from escalating SFM s core maintenance team works alongside a small number of specially selected contractors, so that they can cover all bases and retain the exceptional quality standards that have earned them their excellent reputation. Regular and rigorous checks are undertaken at all rental developments, with in-house staff liasing closely with trusted contractors to ensure any maintenance works are carried out with minimum disruption. LARGE SCALE FULL OCCUPANCY ACROSS THE UK SFM manages a total of 1,500 beds across the North West 100% occupancy across all the developments that SFM manages SFM manages 8 developments regionally

12 Frequently Asked Questions How long is my rental assurance? The rental assurance for Canterbury Hall lasts for 5 years, with purchasers contracted to receive a NET rental return of up to 10% on the purchase price per annum from the developer. What is the rental payment schedule? Payments for Canterbury Hall will be made quarterly in arrears from 31st August Can I get a mortgage? Unfortunately, it is not possible to obtain a mortgage for a property classed as being for occupation solely by students, as the asset class does not meet the criteria for lending. When does the build start? The construction of Canterbury Hall began in June 2017, following the granting of planning permission in February What is the address of the development? Canterbury Hall is located at: Canterbury Hall, Garstang Road, Preston, PR1 1NA Will I own the property? Yes. You will be purchasing a 125-year leasehold property and the Title Deeds will be registered with the UK Land Registry upon the completion of the purchase.

13 Purchase Process Step 1 Step 2 Step 3 Step 4 Step 5 Reservation Reservation form completed & 5,000 non-refundable fee paid and deducted from the deposit on exchange Solicitors Instructed Solicitors instructed, legal pack sent out & anti-money laundering process completed Exchange of Contracts 50% of purchase price is paid, less the reservation fee, paid to solicitors & contracts exchanged within 28 days of reservation Payment Stage A further 25% of the purchase price is paid upon the completion of the steel superstructure on site Legal Completion The remaining 25% of the purchase price (less interest) is paid, the purchase is completed and Title Deeds registered with the UK Land Registry Disclaimer 1. This information is and remains the property of the Master Agent is made available to the addressee subject to the terms and conditions of this Disclaimer. A copy of this information is made available to you for your personal use and must not be given, shared or communicated with any other person except for your own professional advisors for the sole purpose of obtaining their advice. 2. The Agent and the Master Agent endeavour to provide accurate, up to date and complete information but makes no warranties or representations as to the accuracy, reliability or completeness or otherwise of the information contained herein. The Master Agent assumes no responsibility or liability for any omissions or errors contained in the information. 3. The Agent acts as a sub-agent to the Master Agent; specifically, the Master Agent accepts no liability to the Purchaser for fraudulent misrepresentation made by the Agent. 4. The Master Agent acts as an agent for the Developer and as such accepts no liability to the Purchaser. Further and in any event, if notwithstanding this provision liability is established against the Master Agent, then it is agreed that the total maximum amount of such liability is limited to and shall not under any circumstances exceed the amount of the net Reservation Fee of any reservations made. 5. Purchasers are required to conduct their own due diligence and make their own judgement on the property being offered. Purchasers must verify the information and any speculative information offered by the Agent and the Master Agent. Purchasers are strongly recommended to perform their own financial and legal assessment of any opportunity prior to making any commitment to participate. 6. Neither the Agent nor the Master Agent provides or offers an opinion as to whether a particular property is appropriate for a particular individual and owes no duty of care to the Purchaser. 7. The Agent and the Master Agent, respectively, each offer only an opinion on the opportunity in general terms and in relation to the market as a whole. Neither the Agent nor the Master Agent is able to comment on or give opinions on the strength or validity of any bond or insurance policy and Purchasers are strongly recommended to perform their own diligence and seek legal opinion. 8. Neither the Agent nor the Master Agent accepts any responsibility for amendments to or changes in rates of taxation, introduction of new taxes, changes to existing legislation or the introduction of new legislation or any matters relating to the final contractual arrangements for any purchase. 9. 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; for the avoidance of doubt, neither the Agent nor the Master Agent shall have any liability for such taxes. 10. Where rental assurances or guarantees are offered as part of the purchase, the Developer will contract directly with the Purchaser to assure the rental income at the specified rate and for the specified duration, but this is not supported by an insurance policy, bond or bank, unless specified, nor is this warranted or supported by the Agent or the Master Agent. 11. Descriptions of property, homes, buildings, locations or Development particulars, specifications and pictures and artists impressions of any property, home, building, location or Development are given in good faith and believed to be correct, but they do not form part of any offer or solicitation and are intended only as a general guide. Neither the Agent nor the Master Agent controls the building or development of any project. 12. All descriptions are intended only as a general guide and are not to be relied upon by the Purchaser or by any other interested parties as a statement or representation of fact and the Purchaser or any interested parties should satisfy themselves by inspection or otherwise. 13. The Purchaser acknowledges that Developers reserve the right to alter plans, designs and specifications at any time without prior notice. Therefore, neither the Agent nor the Master Agent will be responsible for such changes. 14. The Agent and the Master Agent have endeavoured to provide the highest quality information, backed up by substantial experience and proven evidence from the marketplace. However, individual interpretation of information may vary, and individual circumstances, skills, abilities, knowledge and attitude play an important part in achieving a particular outcome. In addition, the future behaviour of the property market may not follow past experience, either, internationally, nationally or locally. For this reason, Neither the Agent nor the Master Agent warrants, guarantees or promises that Purchaser will make a profit from any property transaction entered into, whether as a result of acting on information contained within this document or otherwise. As with any purchase, this may result in a loss. 15. Where applicable, as in the case of a consumer and not a business customer ( Consumer ) the Consumer Protection from Unfair Trading Regulations 2008 and the Consumer Protection (Amendment) Regulations 2014 (singly or together the CPR ) which prohibit unfair practices, shall apply. To satisfy the obligations under the CPR, the sales particulars have been prepared by the Master Agent upon the instruction of the Developer and in accordance with these Regulations. The sales particulars are produced in good faith and are not intended to form part of a contract. Where the CPR apply, the Consumer may, without giving reason, cancel this Agreement within 14 (fourteen) days from the day it was signed. Such cancellation must be in writing and may either be in the Consumer s own words, or he / she may ask the Master Agent for a form of cancellation notice. For the avoidance of doubt, if the Consumer cancels, the Developer must re-pay the Reservation Fee to the Consumer 16. Neither the Agent nor the Master Agent is authorised or regulated by the Financial Conduct Authority ( FCA ) and as such neither is permitted to offer financial advice about investments, whether regulated or unregulated; accordingly, neither the Agent nor the Master Agent offers financial advice. In case of queries or doubt, Purchaser and any other interested parties should consult an FCA-regulated Independent Financial Advisor.

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