Abbots House

Transcription

1 Abbots House St Albans 1

2 Abbots House St Albans 2 minute walk from the St Albans Abbey Station Capital growth over the past five years 34.7% 78 8 chic modern apartments minutes from St Albans City Station offering a 20 minute connection to London St Pancras 2 3

3 CONTENTS 7. Introduction 11. Abbots House 15. St Albans, Hertfordshire 20. St Albans in figures 32. Map 34. The Investment 38. One Investments 40. Developer 42. Floor Plan 56. Contact cgi a representation of the phase 2 due for completion 2019** 4 5

4 London s most Exclusive Commuter Belt Town St Albans has experienced property price rises of 34.7% over the past five years, according to May 2017 data from Zoopla

5 Abbots House the perfect location for enjoying both St Albans and London A development of 78 luxury apartments near St Albans train station, Abbots House is the ideal base from which to enjoy the local lifestyle, as well as for commuting into London

6 Abbots House Abbots House consists of 78 luxury apartments in a prime location in the Cathedral city of St Albans. Located 120 meters from St Albans Abbey Train Station and under a mile from St Albans City Station, the spacious, light-filled residences will offer the latest in contemporary urban living. For an added touch of luxury and convenience, the apartments will include a concierge service. The apartments are ideally located for both train stations in St Albans with direct services to London St Pancras International can be reached in 18 minutes. Abbots House is also close to junction 21A of the M25 motorway, making it ideal for those looking to work in London while living in the beautiful surroundings of St Albans. The apartments are also perfect for those looking to work in the thriving city of St Albans

7 Each apartment will be finished to a high standard, with the interior design pitched perfectly for attracting young professionals. All fixtures and fittings will be high quality and long-lasting in order to minimize maintenance costs. Residences No.55 over looking St Columba s College Green

8 Abbots House St Albans St Albans, Hertfordshire St Albans is one of England s most beautiful cathedral cities. It has a rich heritage, having grown from Celtic roots into the second largest Roman town in Britain. Today, St Albans is a thriving city that combines the joys of the country lifestyle with the convenience of urban living. The city is awash with lush green parks and the surrounding countryside is renowned for its beauty. St Albans origins also mean that it has plenty to offer in terms of stunning architecture, including its unique Norman cathedral

9 Abbots House St Albans For those who love the buzz of the city, St Albans offers plenty to do, with a bustling city centre retail offering and a lively gastronomy scene. It s no coincidence that the Campaign for Real Ale chose to make St Albans its base. The colourful street market dates back to the 9th century and is an integral part of city life. As a base for commuting into London, St Albans is doubly blessed. It s close to the M25 motorway, for those looking to travel by car, and just 20 minutes on the train from London St Pancras International for those who prefer to travel by rail. The M1 motorway, providing access to the Midlands and northern England, is also easily reachable

10 Abbots House St Albans St Albans is also well placed for access to international locations. As well as only being 20 minutes from St Pancras International, the city is just under 12 miles from London Luton Airport, 24 miles from London City Airport, 26 miles from London Stansted and 42 miles from London Gatwick. With so much on offer, St Albans is well suited both to those looking for a peaceful local life and those who enjoy the thrill of a hectic city commute or even regular business travel overseas!

11 Abbots House St Albans St Albans in figures St Albans presents a range of investment opportunities thanks to its buoyant property market and diversified economy. In fact, the 2016 Lambert Smith Hampton UK Vitality Index placed the city seventh overall in the UK for economic growth prospects. St Albans was also ranked first in the report s growing affluence index, based largely on its having experienced one of the fastest rates of average house price growth in the UK in the three years to

12 Abbots House St Albans The UK Vitality Index also saw St Albans placed second in the fastest growing index, which takes into account not just population growth, but also the growth of economic output and commercial property rentals. St Albans also scored highly in the most entrepreneurial index, coming joint first as a result of its proportion of new enterprises, business density and GVA per capita

13 Abbots House St Albans Nigel Palmer of Lambert Smith Hampton, at the time of the 2016 report, stressed the need for St Albans to ensure that its provision of residential accommodation kept pace with its business growth: With its excellent transport links to London and beyond, along with a skilled local workforce, it is unsurprising that St Albans is popular with businesses. As we have highlighted previously however, important measures are now needed to sustain this, with a balance between housing and employment provision necessary to maintain the attraction of the city

14 Abbots House St Albans The residential property market has thrived in recent years. As at May 2017, Zoopla s data shows growth of 34.7% in property values over the past five years. For apartments, that growth rate rises to 36.4%. The current average asking rent stands at 1,322 pcm (Zoopla, May 2017). According to St Albans City & District Council, the city s main employment sectors are: Research and development Office (including headquarters and financial and business service industries) Retail

15 Abbots House St Albans More than 8,000 businesses operate within the district, creating a diverse economy with plentiful opportunities for local workers. The city s entrepreneurial spirit is reflected by its many small and microbusinesses, with companies of 10 employees and less making up 87% of all businesses in the area. The visitor economy is also important, with St Albans many charms bringing in 160 million annually, and responsible for 2,500 jobs

16 Specifications: Spacious and high specification apartments Wooden flooring through-out Open plan living area Outdoor and Indoor Living Italian designer style kitchens with beige gloss trim and chrome ironmongery Integrated Fridge and Freezer Fitted hob, oven and cooker hood Luxury modern bathrooms Ceramic floors to bathroom Built in wardrobes Double glazed windows 10 year warranty

17 map LUTON ST ALBANS CITY WEST HAMSTEAD THAMESLINK CITY THAMES LINK LONDON BRIDGE TO BEDFORD LUTON AIRPORT PARKWAY ELSTREE BOREHAMWOOD KENTISH TOWN ST PANCRAS INTERNATIONAL FARRINDON BLACKFRIARS EAST CROYDON TO GATWICK AIRPORT TO BEDFORD & THE MIDLANDS ST ALBANS ABBEY WATFORD JUNCTION HARROW & WEALDSTONE EUSTON TO WIMBLEDON & SUTTON KEY FACTS 2.25 BN Redevelopment is part of the High Speed 2 (HS2) Railway project Euston Station Redevelopment is a proposed project to transform Euston station, London s first intercity station, into a modern transport hub for providing high-speed rail services from London, UK, to the Midlands, the north and Scotland. The 2.25bn ($3.47bn) redevelopment is part of the High Speed 2 (HS2) Railway project, a new high-speed railway line being developed between London and West Midlands. The plan for the first phase of the HS2 project envisagess a complete rebuild of the Euston station, including all its existing platforms

18 Investment 5 Year Investment Case to bedroom apartment 331, NET Rental Return 2018 (Q3- Q4): 8, NET Rental Return 2019: 16, Investment in apartments at Abbots House is available from 243,800 for a 150 year leasehold. Payment terms are 15% upon exchange of contracts and 10% 60 days later. The final 75% payable upon completion. Yields are in the region of 5%. Developer finance is not available for this investment, but One Investments would be delighted to introduce you to a broker if required. Construction work began during Q2 2017, with completion of the 78 apartments due in Q NET Rental Return 2020: 16, NET Rental Return 2021: 17, NET Rental Return 2022: 17, NET Income over 5 Years: 76, % Price uplift on Purchase Price: 115, Total Projected Income over 5 Years: 192, Projected ROI Over 5 Years: 57.50% Projected Annualised NET ROI: 12.77% Rental return less management costs at 10%. (One Asset Management Standard Charge.) Conservative 1% Rental Growth Per Annum. 7.77% Capital Apprication in line with year on year growth of St Albans since 2012 Property Prices Rise by 13% During the last year, sold prices in St. Albans were 13% up on the previous year and 26% up on 2014 when the average house price was 436,858. Source: Rightmove

19 Christopher Place Shopping Centre Verulamium Museum Romans wall of st albans St Albans City (Train station) Verulamium Park St Albans Cathedral Abbey view Golf Course & track The Clock Tower Abbots House St Albans Praewood Primary school St Albans Abbey Watercrest wildlife Association Westminister Lodge Lesiure Center

20 Current development Developer Profile St Cuthbert s House - 7 Upper King Street, Norwich, Norfolk, NR3 1RB (100% cash funded with no bank debt) 36,000 Sq.Ft.office building purchased in June 2015 Planning consent for 56 flats, development practical completion June Past Developments: Market House (Market Square, Harlow CM20 1BL) - 20,864 Sq.Ft of office and retail space. Terminus House (Terminus Street, Harlow, CM20 1XE) - 48,320 Sq.Ft Eliot House (130 Ber Street, Norwich, NR1 3AQ) - 27,467 Sq.Ft. Bracknell Boulevard 1&2 (Cain Rd., Bracknell RG12 1WP) - 71,488 Sq.Ft. Live developments: Abbey View (building one) Everard Cl, St Albans AL1 2PS (current balance is 16% bank debt, balance cash funded) 41,000 Sq.Ft. Purchased In October 2016 Planning consent for 78 flats (further planning approved in the roof for additional flats and application submitted for a new building in the car park). Development began March Overbridge Square Business Park - Newbury RG14 5UX (100% cash funded no bank debt) 67,000 Sq.Ft. Purchased in September 2016 Planning consent for 107 flats (further planing for additional flats on the roof has been submitted) Stripping off has commenced. 20 Union Rd (Solihull, Birmingham B91 3DH) (100% cash funded) 19,116 Sq.Ft. Purchased in August 2016 for 2,075,000 Pounds. Planning Consent stage 1-31 flats Planning consent stage 2-10 flats (on the roof) Development is under go, stage 1 to be completed July Stage 2 to be completed October

21 Floor Plan - Ground floor

22 Floor Plan - First Floor

23 Floor Plan - Second Floor

24 Floor Plan - Third Floor

25 Residences No.51 3D layout

26 Residences No.55 3D layout

27 Residences No.59 3D layout