INVESTMENT HIGHLIGHTS Tivoli House presents buy-to-let investors the opportunity to achieve maximum returns from both high yields and capital growth in the UK s renewable energy capital. 8.5% NET Rental Assurance for 2 Years Virtual Freehold 999 Years Lease and 0 Ground Rent Apartment prices have risen by 20% over 5 years and with the city now undergoing a process of transformation and regeneration that is unparalleled anywhere else in the UK, sustained capital growth is set to continue. This striking new residential development, is ideally situated in the city centre, boasting a desirable location for professional tenants seeking the best work-life balance; the Paragon transport interchange, the newly regenerated Princes Quay and the Marina all within a 10 minute walk. The developer, Empire Property Concepts, has achieved a remarkable track record across the region. Their previous development in Hull, launched in January 2018, is now completed and tenanted - showing investors assured returns. Invest From 79,999 With Only 30% Deposit Required City Centre, Minutes From Mainline Station and Leisure Facilities Experienced Developer Proven Track Record Widely affirmed as one of the UK s buy-to-let hotspots unrivalled rental yields and the increased affordability of residential property has seen Hull s credentials as a property investment location capture headlines
HULL: A CITY ENTERING A NEW ERA OF PROSPERITY Hull has long played host to major names and is now entering into a new era of prosperity. Outlined as a key component of the UK government s master plan, Hull has been selected to become the renewables capital, also attracting investment from some of the world s biggest, globally significant brands. 1bn Regeneration Investment The UK s Busiest Port The Gateway to Europe 10,000 Businesses Renewable Energy Capital of The UK UK City of Culture 2017 Population of 258,700 Set to Grow by 10% in 5 years
HULL: CROWNED THE MOST ENTERPRISING PLACE IN BRITAIN 2017 The UK s No.1 port complex, the 4th busiest in Europe The investment that Hull is seeing, coupled with the legacy of winning the global accolade UK City of Culture 2017 means confidence in the area and the city s international profile is the highest it has ever been. Known as the UK s Energy Estuary, Hull is home to the Humber, the UK s busiest port complex and the fourth busiest in Europe which has which has powered the UK economy for decades. UK City of Culture 2017, recognisable on a global stage Hull is in the midst of regeneration plans taking place throughout the city centre, designed to create a legacy that has tangible benefits to the city and its residents, investing into world class facilities. UK s renewable energy capital Government masterplan Selected by the UK Government to become the Renewables Capital of the UK and Powerhouse of the East, Hull has benefitted from regional policy changes, including the expansion of the city s key Enterprise Zones, promoting inward investment. Regeneration plans by government and private industry This, in conjunction with a severe shortage of new housing and the city s rapidly expanding population, will underpin the success of the property market. All images used are for illustrative purposes only. Individual features may vary.
THE CITY S ECONOMY IS NOW ON A STEEP GROWTH TRAJECTORY In 2016 Hull registered the strongest growth rate in the country, 43% ahead of the UK as a whole the The Humber is the UK s busiest port complex, 4th largest in Northern Europe. renewables The Port of Hull is situated in close proximity of offshore wind development sites, the industry creating 10,000 jobs. The food and drink sector continues to be one of Hull s largest and fastest growing sectors. every Hull is one of the UK s Hottest Digital Centres according to the Tech Nation 2017 Survey, Hull s digital economy adding 254m to the local economy year. Hull map-mark Today operating costs for businesses in Hull can be up to 20% lower than the UK average. HULL: THE EAST COAST S POWERHOUSE AND UK S LEADING LOGISTICS PORT HUB
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1bn of direct investment A process of transformation and regeneration that is unparalleled anywhere else in the UK 450m Enterprise Zone Able UK is investing 450m in its ports facility to attract a truly integrated offshore wind and renewable energy cluster. 310m Siemens & ABP Siemens and Associated British Ports (ABP), have made a joint investment to establish Siemen s only UK wind turbine blade production facility. 130m Albion Square Complex Albion Square is set to pave the way for 130m complex. The huge vision is being marketed for new restaurants, shops, apartments and even an ice rink. 86m Cultural Quarter 82m University of Hull A further 86m has been invested into developing the Cultural Quarter into a creative hub, a key priority within the city plan aimed at creating and sustaining jobs in Hull. The University of Hull s Computer Science Department is rated 5th in the UK in terms of its impact on the economy, now benefitting from a major 82m investment program. 36m Hull Venue The Hull City Council made a 36m capital investment into the Hull Venue, a state-of-the-art music and events complex. 16m Cruise Terminal The city centre riverside berth is being set up in direct response to the growing demand for European cruise ships, seeing the regional economy capitalise on 16m in GVA. All images used are for illustrative purposes only. Individual features may vary.
GENERATING A 140M BOOST TO THE ECONOMY We expect 1 million additional visitors to the city, bringing an additional 60m into the local economy. Mark Jones, Director of Regeneration at Hull City Council Worldclass Visitor Destination The City of Culture award does not represent the start of a vision but rather a key milestone in the delivery of the City Plan to make Hull a world-class visitor destination whilst harnessing the power of culture to deliver a lasting economic, social and creative legacy for the city. 80m Government Investment The award rides on the crest of momentum created by a string of major investments in recent years. Hull City Council is leading the delivery of an 80m cultural capital Programme and to ensure its continued success, 2.6m of the budget has been allocated for legacy projects. Top 10 Cities in the World to Visit Listed by Rough Guides in the top 10 cities in the world to visit, Hull has become a signature destination for visitors, hosting internationally significant cultural events spanning music, photography, film, theatre and art such as 2017 s Turner Prize as well as playing host to the start of the Clipper Round the World Yacht Race. All images used are for illustrative purposes only. Individual features may vary.
PROPERTY MARKET HIGHLIGHTS Top 10 High Yield City 70% Undersupply of Housing Stock 20% Capital Growth A CRITICAL SUPPLY-DEMAND IMBALANCE 16,720 homes required by 2030 Hull City council set out a requirement for 14,440 homes over the 2011-30 period based on a continuation of past population trends, a projection which has since increased to 16,720 as a result of economic growth expectations driven by investment and regeneration activity. Hull has a smaller proportion of rented properties than any of the other top ten high yield cities in the UK. This sets Hull apart as an ideal new market ripe for strong yields and on the cusp of a very strong capital growth curve. NET growth in the city centre housing stock has been of a modest 265 homes per year vs a requirement of 880 per year creating an urgent need to address the shortage of stock in the city. Apartment prices have risen by 20% over 5 years, prior to economic investment and regeneration effects being felt. With the city now undergoing a process of transformation and regeneration, sustained capital growth is set to continue. Population 286,770 +10% 63% of the Population 15-59 7% Reduction in Rental Housing Stock Affordability Ratio 3.9 vs 6.7 Nationally 260,700 2018 2023 5 Year Projected Population Growth Hull has a relatively young population, 63% of the population is aged 15-59 compared with 59.6% regionally and 60% nationally. The English Housing Survey shows the average age in the private rental sector is low at 40, compared with 57 for owner-occupiers. Having seen a reduction in rental housing stock of 7% over the last 5 years, there is increased pressure to meet baseline demand even before the impacts of stimulated economic growth over the next 10 years have been taken into account. Hull s economic growth is being fuelled by world leading engineering projects, requiring a quality labour force. This, alongside the allure of the UK s most favourable house price affordability ratios, will drive new rental and sales demand in all levels of the market.
According to 2018 survey, landlords from the Yorkshire and Humberside region are the most confident landlords with the greatest appetite for property investment PROPERTY INVESTMENT AT ITS PEAK IN YORKSHIRE 60% 40% UK Avg. Yorkshire & Humberside Landlords who intend to buy another buy-to-let property in the next five years Landlords operating in this region are set to buy more properties for the purpose of renting them out in the next five years than any other. The survey found that 60% of landlords in Yorkshire and Humberside intend to buy another buy-to-let property in the next five years, some 20% above the national average (40%). More than a third of buy-to-let landlords in Yorkshire are planning to purchase another home within two years. What s more, the latest statistics revealed that almost half of Yorkshire landlords bank on renting out properties as their primary income, in comparison to just a third of Londoners as Yorkshire is fast becoming a hotspot for investment in the private rented sector, while the capital is in decline. All images used are for illustrative purposes only. Individual features may vary. - Property Investor Today, May 2018
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I NTRODUCING TIVOLI HOUSE One bedroom apartments in prime city centre location from just 79,999 An exclusive investment opportunity, Tivoli House has been designed to cater to the influx of working professionals, migrating to the area for work which is being stimulated by extensive inward investment from global giants in the renewables and chemical processing sectors, the newly regenerated creative and digital quarter and the city hospital - all of which are within walking distance. 8.5% NET Yields Assured for 2 Years Virtual Freehold, 999 Year Lease With No Ground Rent 30% deposit to exchange, 24k During Construction Offering investors 8.5% NET yields assured, some of the highest levels achievable for residential buy-to-let investment opportunities, the current housing undersupply means demand is at an all time high for these superior apartments. This shortage is simultaneously driving the price of property up in the area, with 20% capital growth over 5 years (Zoopla). Uniquely for a new build property in the city, Tivoli house boasts virtual freehold ownership, as such all apartments will come a 999 year lease with no ground rent charged, enabling investors to capitalise on maximum returns and security. 20% discounted, Below Market Comparables 20% capital growth in 5 Years Tenants will also enjoy the best in work-life balance, with the striking 4 storey development being within minutes of the city s busy mainline railway station, as well as an extensive range of shopping and leisure facilities and also the marina. Fully Under Construction Proven Track Record All images used are for illustrative purposes only. Individual features may vary.
City Centre Location, Minutes from Mainline Station and Leisure Facilities 5 map-marker Paragon Transport Interchange 0.4 mile 4 min map-marker 1 Princes Quay Shopping Centre 0.3 mile 6 min map-marker 2 map-marker 3 map-marker 6 map-marker Siemens and ABP 0.4 mile 9 min 9 map-marker 4 map-marker 7 map-marker Hull Marina 0.5 mile 11 min Hull Theatre 0.5 mile 10 min Museums Quarter 0.6 mile 12 min 8 map-marker UK s No.1 port complex Humber Port and Enterprise Zone Hull Arena 0.5 mile 10 min Cultural Quarter 0.5 mile 11 min Holy Trinity Church 0.5 mile 9 min
Bank Apartments 20% Discounted Below Market Comparables Price... 91,000 Type... 1 Bed The Academy Price... 130,000 Type... 1 Bed map-marker-alt Bond Street Price... 109,000 Type... 1 Bed map-marker-alt Wright Street Price... 99,500 Type... 1 Bed map-marker-alt Queens Court Price... 90,000 Type... 1 Bed map-marker-alt map-marker-alt map-marker-alt map-marker-alt City Exchange Price... 99,950 Type... 1 Bed Merchants Warehouse Price... 79,999 Type... 1 Bed Warehouse 13 Price... 99,950 Type... 1 Bed map-marker-alt Price... 85,000 Type... 1 Bed Wellington Street map-marker-alt map-marker-alt Price... 120,000 Type... 1 Bed
A PARTMENT SPECIFICATION LUXURY BATHROOMS FULLY TILED BATHROOMS WC, BASIN, SHOWER, TOWEL RAIL RADIATOR MIRROR BATHROOM IRONMONGERY (TOILET ROLL HOLDER, HOOKS ON BACK OF DOOR) FULLY FITTED MODERN KITCHENS HIGH GLOSS UNITS QUALITY WORKTOPS STAINLESS STEEL BASIN SPECIFICATION KARNDENE FLOORING IN KITCHEN AREA AND CARPET TO LIVING ROOM, HALLWAY AND BEDROOM BLINDS TO WINDOWS ELECTRIC OR GAS HEATING AND HOT WATER LED LIGHTING SMOKE ALARM TV AERIAL WIRELESS INTERNET ACCESS AND ELECTRICAL SOCKETS All images used are for illustrative purposes only. Individual features may vary.
F URNITURE PACK LOUNGE 2 / 3 SEAT FABRIC SOFA COFFEE TABLE TV CABINET 2 / 4 SEAT DINING SET 1X WALL ART 42 WALL MOUNTED TV BEDROOMS DOUBLE BED & MATTRESS 2X BEDSIDE TABLE DOUBLE WARDROBE 2X BEDSIDE LAMP 1X WALL ART KITCHEN WASHER DRYER FRIDGE WITH FREEZER COMPARTMENT FULL UTENSILS SET FULL CUTLERY & ACCESSORIES PACK All images used are for illustrative purposes only. Individual features may vary.
1 BEDROOM APARTMENT Purchase Price 79,999 Projected Market Value on completion Q3 2019 99,445 Deposit 24,000 Stamp Duty and Legals 3,699 Gross Rent pcm 645 Gross Rent p.a. 7,740 NET Income Assured** 6,751 Net Yield Assured for 2 years** 8.5% Return on Investment over 5 years*** 100.84% Annualised net ROI**** 20.17% * Financials are for illustrative purposes only and do not constitute an offer or contract ** The rental assurance is offered as an option and contractually assured at circa 8.5% net for the first 2 years. The assured yield is paid net of service charge, utilities, facilities charges and management fees on the purchase price before furniture pack. A furniture pack must be purchased ( 3500) as a condition of the rental assurance and the recommended management company appointed. *** Capital growth assuming 5% average projected growth pa (Zoopla 5 year annual rolling average). **** Before fees and taxes and 3500 furniture pack cost. All images used are for illustrative purposes only. Individual features may vary.
EASE OF PURCHASE 1 5,000 RESERVATION DEPOSIT 2 30% DEPOSIT ON EXCHANGE OF CONTRACTS (MINUS RESERVATION DEPOSIT) 19,000 3 70% Balance DUE AT COMPLETION (Q3 2019) 56,000 4 Purchase Furniture Pack 3,500** 5 2 Year NET Rental Assurance** 6,800 * Recommended experienced UK buy to let solicitors are available on request ** Only if taking the optional rental assurance and management by Rent Residential. 2 years rental assurance NET of both management charge and service charge will commence on completion, fixed at a specified monetary value circa 8.5%.
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AWARD WINNING TEAM OF EXPERTISE Empire Property Concepts has achieved a remarkable track record since inception over 10 years ago. The company initially started investing and converting heavily in the HMO and buyto-let market in Yorkshire. Since then, the company has leveraged on their local experience and rapidly expanded, 1000+ UNITS IN EXCESS OF 90MILL GDV diversifying into converting disused offices to residential apartments situated in prime regeneration locations across the UK. Their success is quantifiable, to date their operations are typically converting 30-90 units at any one time in key regional locations. Most notably they launched a residential development in Hull in January of 2018 which is now completed and tenanted with investors receiving returns. Spearhead by an experienced management team and supported by a workforce, comprising of in-house quantity surveyors, project managers, development managers and full letting and management teams, they encapsulate all the aspects required in order to create a profitable investment property venture. Providing trusted advice and specialist knowledge, Knight Frank Finance is a market leading adviser on mortgages and insurance. Their team of of professional advisers have unparalleled insight and understanding of the whole of the lending market gained from centuries of combined experience. CENTURIES OF COMBINED EXPERIENCE With years of experience in property financing to draw on they have access to a unique and extensive network of high street lenders, major financial institutions and private banks so that you can be assured that you re getting the very best deal available. Thanks to this experience and the extensive resources that they have to hand, their mortgage experts can also help with specialist borrowing requirements such as development finance, bridging finance and loans against other asset classes such as Lombard lending and luxury asset finance, as well as specialist insurance services. Typically converting up to 90 units at any one time in prime regeneration locations Unparalleled insight and understanding of the whole of the lending market
FAQS Q: Where is Tivoli House located? A: On Paragon Street in central Hull HU1, the heart of the city centre,with the Paragon transport interchange, the newly regenerated Princes Quay and the Marina all lie within a 10 minute walk. Q: Am I buying a freehold or leasehold interest? interest? A: The property is offered as virtual freehold. The title of the properties is 999 years leasehold registered with the UK Land registry with zero ground rent to pay. This provides strong advantages, both for future resale value as well as being more favourable with mortgage lenders. Q: Is there an exit strategy? A: This signature development is located in the city centre in a thriving and upcoming area of Hull ideal for working professionals. Due to the shortage of quality new build apartments in the centre, these apartments will be a sought after and an attractive property investment for another investor whilst also being ideal for a first time buyer. Q: When will the building complete? A: Construction work has already commenced on the development with completion scheduled for Q3 2019. Q: What are the projected annual returns on this project? A: Today s current market rates will deliver an 8.5% NET yield. Buyers can opt for a 2 year assurance paying a circa 8.5% NET yield subject to the purchase of a furniture pack on completion and appointing the recommended management company. Income will be paid quarterly in arrears. Q: Is there a management Q: Can I purchase with a Q: Is there an advantage to Q: Can I sell my property at Q: What happens after the company in place? mortgage? purchasing in the off plan any time? 2 year rental assurance? A: Yes, Empire Property Concepts A: Yes, mortgages are available subject stage? A: Yes. You can sell the property on A: In 2021 on completion of the rental have appointed Rent Residential, to status and individual requirements A: Early purchasers have the benefit of the open market at any time after assurance term, an 8.5% NET yield a boutique agency, specialists with of the investor. UK based investors purchasing on average 20% below the completion to capitalise on the after all running costs, management unrivalled knowledge of the local should be able to achieve up to 70% projected market comparables. appreciated value. fees, service charge and utilities have property market. LTV. We can recommend a specialist been deducted will be achievable, mortgage broker experienced in buy most likely higher. You can retain Rent to let finance and who are familiar Residential or another management with Tivoli House. company of your choosing All images used are for illustrative purposes only. Individual features may vary.
info@hoxtoncapital.com www.hoxtoncapital.com +44 203 917 3757 160 City Road London, EC1V 2NX United Kingdom The information contained within this document is intended as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending investor must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for illustrative purposes only. The content contained within is correct adhering to the previous statement at the time of publishing.