KING STREET MANCHESTER. 69 x 1 bed apartments. 134 x 2 bed apartments. 3 x 3 bed apartments. Superior design. High specification interiors

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Joy Gray
5 years ago
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1 MANCHESTER 69 x 1 bed apartments 134 x 2 bed apartments 3 x 3 bed apartments Superior design High specification interiors FINE AND INVESTMENT PROPERTY

2 THE OPPORTUNITY King Street King Street sits at the junction of Union Street, within the education quarter of Oldham town centre. With a multicultural population of around 100,000 people, Oldham is a town primed to serve its residents. The town centre boasts an array of large high street retailers, with many housed within the Spindles Town Square Shopping Centre. Residents can also shop within the thriving independent quarter, where a number of independent retailers sell their goods within smaller shops and boutique stores. There is also an abundance of leisure facilities including Oldham Coliseum Theatre, and a leisure centre with a swimming pool, fitness studio and an indoor bowls hall. Furthermore, Oldham is currently poised for a massive 60m redevelopment which will continue the town s regeneration, cementing it as a truly desirable place to live. One of the most lucrative residential accommodation investments currently on the market. Nestled within the Pennines, Oldham benefits from the wonderful countryside that it borders, particularly the Peak District National Park. Whilst its rural neighbour offers some amazing country walks and views, Oldham is also perfectly positioned for an easy commute into the buzz of Manchester City centre. This is because the King Street apartments are just a short distance away from the Metrolink tram stop which provides convenient access into and around the City, just 7 miles away. Piccadilly train station is also 7 miles away, providing excellent transport links across the UK, making a commute to London, just over a 2 hour journey. Additionally, the M60 orbital motorway, which provides great links to all of the boroughs within Greater Manchester, is less than 2 miles away. Oldham has a strong industrial history; recorded as one of the first ever industrialised towns, its economy was built up around the booming English textile industry. This proud history can still be admired today within the architecture of the town, as large cotton mills dominate the Oldham skyline. It really is a town steeped in history, but whilst proud of its rich heritage, Oldham is looking to the future and developing into a progressive, vibrant commuter town. King Street embraces this progress, providing modern accommodation for residents looking to embrace the buzz of the cosmopolitan culture within Manchester, whilst sitting on the doorstep of the beautiful Yorkshire countryside. LOGAN LUXURY AND INVESTMENT PROPERTIES

THE CITY OF GREATER MANCHESTER Greater Manchester is a metropolitan county which is home to ten boroughs including the city of Manchester.

and West Yorkshire. The area became an industrial powerhouse thanks to the success of the textile industry in the 1800s.

There are also five universities within the region, with many of their graduates benefitting from the numerous international organisations that employ staff from the local area.

3 THE CITY OF GREATER MANCHESTER Greater Manchester is a metropolitan county which is home to ten boroughs including the city of Manchester. Covering nearly 500 square miles, Greater Manchester is a thriving urbanised region, landlocked by stunning rural landscapes provided by the counties of Cheshire, Derbyshire, Lancashire, Merseyside and West Yorkshire. The area became an industrial powerhouse thanks to the success of the textile industry in the 1800s. However today, Greater Manchester is home to a wide range of industry sectors including the arts, retail, finance and media. There are also five universities within the region, with many of their graduates benefitting from the numerous international organisations that employ staff from the local area. The success of the region in so many fields makes Greater Manchester a force to be reckoned with, and an exciting and prosperous place to live. One of the most famous boroughs within Greater Manchester is Manchester City; cited as the UK s second largest city and the third most visited in the UK, it really is a city that is alive with energy. With an abundance of cafes, museums, art galleries, bars and music venues, Manchester s social scene is second to none. In addition, the city is home to two premiership football teams and delivers magnificent shopping opportunities within the City centre and the Trafford Centre, meaning Manchester really has something for everyone. On the east side of Greater Manchester you will find Oldham, where the King Street apartments are located; and with both semi- rural and urbanised areas, it offers an idyllic location for those wanting to settle in this thriving area of the North West.

THE INVESTMENT All of the apartments within King Street are offered with an assured 7% net return for the first 3 years.

One Bedroom Apartment Two Bedroom Apartment Purchase Price 94,9 Purchase Price 1 9,9 Gross Annual Income** 8, 46 Gross Annual Income** 9,3 6 Service Charge 800 Service Charge

Apartment Purchase Price 139,9 Gross Annual Income** 11, 32 Service Charge 1,200 Ground Rent 2 Management Fees 82 NET Income 9, NET Yield (from year 3) 7% LOCAL AREA The King

There are one bed apartments, two bed apartments and 3 three bed apartments available.

creating luxurious and functional living spaces.

4 THE INVESTMENT All of the apartments within King Street are offered with an assured 7% net return for the first 3 years. The specific financial detail for each size of apartment is detailed below, with all demonstrating a 7% net yield. One Bedroom Apartment Two Bedroom Apartment Purchase Price 94,9 Purchase Price 1 9,9 Gross Annual Income** 8, 46 Gross Annual Income** 9,3 6 Service Charge 800 Service Charge 1000 Ground Rent 2 Ground Rent 2 Management Fees 396 Management Fees 4 6 NET Income, NET Income 7, NET Yield (from year 3) 7% NET Yield (from year 3) 7% Three Bedroom Apartment Purchase Price 139,9 Gross Annual Income** 11, 32 Service Charge 1,200 Ground Rent 2 Management Fees 82 NET Income 9, NET Yield (from year 3) 7% LOCAL AREA The King Street development has seen a large disused leisure facility and its surrounding land transformed into spacious, contemporary, residential apartments. There are one bed apartments, two bed apartments and 3 three bed apartments available. The building itself has been designed to provide a positive yet unimposing impact on the local environment; whilst each apartment has been designed with an emphasis on creating luxurious and functional living spaces. To achieve this, every detail of the architecture, build, interior design and fittings are classed as nothing short of exceptional, with high specification finishes and fixtures as standard throughout. Specification Fully integrated white goods Internal chrome fittings High specification flooring (laminate, carpets and tiled floors) Energy efficient LED lighting throughout Heated towel rails within all bathrooms Sky pre- wiring Key card security entrance system CCTV within all communal areas LOGAN LUXURY AND INVESTMENT PROPERTIES

5 WHAT S NEARBY? 6 mins walk 1 Spindles Town Square Shopping Centre Indoor 2 floor shopping complex for major brands 8 6 mins walk 2 The Queen Elisabeth Hall 6 mins walk 3 Oldham College 11 mins walk 4 Oldham Coliseum Theatre Restored building dating back to 1885, hosting comedy, drama, dance, opera, music and pantomime 12 mins walk 5 Oldham Mumps Train Station 14 mins walk 6 Alexandra Park Victorian park with a boathouse-cafe, tennis courts, a heritage centre and a paddling pool 17 mins walk 7 Tesco Superstore 18 mins walk 8 Royal Oldham Hospital DEVELOPMENT SITE 6 LOGAN LUXURY AND INVESTMENT PROPERTIES

The strong management team have over their careers helped to deliver 1 billion of construction projects, including over 170 million of high rise residential projects.

6 NOBLES CONSTRUCTION Ltd was formed in 2004 and is based in Liverpool. The Directors have individually over 39 years experience in building and converting prestigious properties throughout the North West of England. The strong management team have over their careers helped to deliver 1 billion of construction projects, including over 170 million of high rise residential projects. John Watson, D rector Founding member of DJP Property Ltd and Nobles Construction Ltd, John graduated from Liverpool JM university with a degree in Construction Management. John has over 36 years experience working in the construction industry working with major clients on high value residential and public sector schemes secured through a wide range of procurement routes. Peter Scarisbrick, D rector Founding member of DJP Properties and Nobles Construction Ltd. Peter graduated from Liverpool JM University with a degree in Quantity Surveying and has over 39 years experience as a developer/main contractor working across all the main sectors of the industry including residential, listed refurbishment projects, retail, education and health sectors. He has particular expertise in major design and build schemes having worked with Balfour Beatty Building on major Health schemes up to values of 38 million. 13

7 PURCHASE PROCESS FAQ S 1. Once your unit(s) has been selected with the help of your property consultant, please complete the reservation agreement and return along with a copy of your passport, recent utility bill, and your deposit. The bank transfer details will be found on the reservation agreement. 2. You are required to pay a reservation deposit. 3. Once your Property Consultant has confirmed they have received your paperwork, you will need to instruct a solicitor. Your consultant will be on hand to help you with this should you require assistance, as we have a selection of recommended solicitors. 4. Your solicitor will advise you of the paperwork they will require from you. Please return this promptly to reduce the risk of delays. 5. Your first instalment payment will be made when you exchange contracts, your solicitor will inform you when they have the date for exchange, providing you with an adequate notice period. At the time of exchange you will also be required to sign and return your contracts. If you are unable to do this due to your location your solicitor will be able to act as your Power of Attorney. Please note there is normally a small fee for this service. 6. 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. 7. Your final payment will be due either on exchange of contracts or shortly afterwards. Am I buying as Freehold or Leasehold? 999 years Leasehold What is the address of the site? King Street, Oldham, Manchester, OL8 1EU When will the building be completed? Q Is there a rental guarantee? Yes, rental guarantee is 7% for three years from completion What is the projected return pa after year 3? Currently 10.2 NET (conservative after running costs, management fee, service charges and utilities) Is the sale handled by UK lawyers? Yes, the designated lawyers for the project are Oliver & Co Solicitors UK Is there a management company already in place? Yes, the designated management company for the project is Belvoir Property Management (UK) Ltd Am I taxed on this income? If you are a UK resident then yes. If you are a nonresident in the UK then you are classed as an overseas landlord and apply to the HMRC in the UK for exemption - the appointed management company will be able to help with this Can I resell my unit? Yes, you can sell at any time after exchange of contract Can I do anything I want with my apartment? Yes, the apartments also have full residential use; thus can be let to anyone including couples, families, young professionals and students Are there any restrictions if I want to sell? King Street is a residential development therefore there are no restrictions when selling on the unit What security do I have when I exchange contracts regarding my funds? There is a first charge in place, ensuring Investors funds are held securely with solicitors When is my rental income paid? This is paid quarterly in arrears direct into your bank account from completion Stage 1 Reservation form and deposit of 5,000 Stage 2 Solicitor instructed, legals and sales pack sent out Stage 3 50% of balance on exchange of contracts within 21 days Stage 4 25% of balance due after 6 months with the final 25% due on completion of bulding LOGAN LUXURY AND INVESTMENT PROPERTIES

KINGS DOCK MILL L

KINGS DOCK MILL L1 Investment Features Rare Opportunity to Invest In a Signature Residential Property Development 100 modern luxury apartments - 1 beds from 115,000, 2 beds from 154,000 7% NET Income p.a.