LIVERPOOL STUDIOS FLEET STREET STUDENT RESIDENCE Properties from 69,950 8% NET Rental Income Pre-Launch Opportunity
OVERVIEW L1 STUDIOS INVESTMENT OPPORTUNITY 52 fully furnished studios developed by NewRegen and managed by Urban Student Life FINANCIALS Pre-launch prices from 69,950 8% assured net income for 3 years LOCATION 100 m from Liverpool ONE, the 1bn retail scheme in the heart of the City Less than 500 m from Liverpool John Moore s new 100m main campus. Less than 750 m from the University of Liverpool Just 100 m from Central Station, the busiest underground station in the UK outside of London. FEATURES Largest studios on the market (from 30 m2) Separated bedroom and living areas Penthouses with private rooftop terraces Private gymnasium for residents Onsite café/bar/restaurant In the trendy Ropewalks Quarter In a bohemian hub for bars & restaurants 2
WHY INVEST IN STUDENT ACCOMMODATION Student property is one of the most lucrative ways to expand your property portfolio in the UK. THE UK S BEST PERFORMING ASSET CLASS Low entry prices, stable yields and low void periods Hands-off investment Zero stamp duty payable Private student accommodation continues to outperform all other forms of property investment in the UK. With low entry prices, stable yields and low void periods, it s one of the most lucrative ways to expand your portfolio. Plus, there is zero stamp duty payable up to 125,000. Demand for high-quality student accommodation is increasing exponentially. On A-Level Results Day 2016, UCAS announced that a record number of students were accepted to universities and colleges. LIVERPOOL STUDIOS FLEET STREET The influx of overseas students is also contributing to rising demand. There s no cap on the number of overseas students, and the Government forecasts the number will rise by 15-20% over the next 5 years. Although most first-year students secure university-owned accommodation, others need to look elsewhere. This results in more than 70% of students in university towns renting privately and they re demanding convenient locations, quality furnishings and on-site amenities. This offers you a compelling investment opportunity. 3
L1 STUDIOS: THE IDEAL LOCATION FOR STUDENTS DISTANCE TO LOCAL UNIVERSITIES & COLLEGES New Liverpool John Moores Campus - 5 Mins University of Liverpool - 7 Mins Liverpool Institute of Performing Arts - 2 Mins Royal Liverpool University Hospital - 13 Min The City of Liverpool College - 7 Min Liverpool School of Tropical Medicine - 11 Mins 4
ABOUT LIVERPOOL S UNIVERSITIES In March 2016, consumer organisation Which? named Liverpool the UK s most affordable buy-to-let hotspot. It s also a UK centre for higher education. With nearly 70,000 full-time students and tenant demand projected to increase due to extensive regeneration, now s the time to invest in this booming Northern Powerhouse city. L1 Studios are located in the heart of Liverpool city centre, close to the city s thriving academic area known as The Knowledge Quarter, This makes it the ideal base for undergraduate and postgraduate students attending a range of universities. Liverpool Institute for Performing Arts A specialist university-level institution in the city. Founded by lead patron Sir Paul McCartney, located in a multi-million pound renovated facility with around 800 students. LIPA is now one of the best performing arts schools in the world. University of Liverpool 22,000 students, 7,000 of whom are international Ranked in the top 1% of universities worldwide Investing 600 million in its facilities Liverpool Hope University 7,000 students from 67 countries 20 million new creative and performing arts campus in the Knowledge Quarter Ranked 4 th for research intensity in the North West Liverpool John Moores University 25,000 students from 11 countries 250 degree courses Building a new 100 million campus in the Knowledge Quarter 5
ABOUT ONE L1 STUDIOS L1 Studios will offer Liverpool students a comfortable housing experience, with the studios being much larger than normal purpose built student accommodation. It will be located in a very convenient location, being walking distance from Liverpool ONE shopping centre, a transformational 1bn regeneration scheme, from Central Station (the busiest underground in the UK outside of London), all major universities, restaurants and nightlife. The development will also provide the highest standard of onsite facilities. SPACIOUS ACCOMMODATION On-site facilities include a concierge, private gymnasium for the exclusive use of residents as well as a café-bar-restaurant on the ground floor. As security is of paramount importance, L1 Studios will enjoy a 24-hour reception with CCTV covering all communal areas. L1 Studios is just 100 metres from Liverpool ONE Shopping centre, a 1bn retail scheme The scheme will offer 52 exclusive studio apartments, ideal for both undergraduate and mature students. The units will have a powerful shower, study desk, double bed, flat screen TV, high-speed broadband and private kitchen. 6
STUDIO LAYOUT LIVERPOOL STUDIOS FLEET STREET SAMPLE FLOOR PLAN TYPE: STUDIO SIZE: 30 SQM PRICE: 69,950 7
FINANCIALS RENTAL INCOME OF A 30 SQM STUDIO PURCHASE PRICE 69,950 GROSS RENTAL INCOME ( 140 pw 50 weeks): 7,000 COSTS MANAGEMENT FEE (8%): 560 SERVICE CHARGE 650 GROUND RENT 300 RETURN NET INCOME 5,440 NET YIELD 7.8% (Estimated after the 3 years rental assurance) STUDIOS 69,950 8
MANAGEMENT COMPANY: URBAN STUDENT LIFE Urban Student Life (USL) works with property developers and investors to create fun, secure and high-quality accommodation for modern students. It manages more than 15 student developments across 11 UK cities. USL s track record means they re a management company of choice for investors and tenants. Their philosophy is that students aren t just renting rooms, they re joining a community. This ethos means their buildings are popular and often oversubscribed, and enjoy high lease renewal rates. USL work with property developers and investors to create fun, secure and high-quality student accommodation for modern students. 9
DEVELOPER: NEWREGEN NewRegen was formed by experienced property developers and financiers with a mission to regenerate buildings in the north west of England, and to develop new build student and residential properties. The intention is to capitalise on the surge in demand for property in the Northern Powerhouse region. The team at NewRegen have over 25 years of experience in the construction industry, with project management experience with bluechip companies including Aspect Construction, Lentrol Construction and Shepherds, amongst others. There is also a very experienced team of architects, constructors, quantity surveyors and in place to cover project management, construction, delivery and the ongoing management of the project. NewRegen have diverse property interests and have recently completed a business centre in north Liverpool, commercial properties such as Safe Storage units, and have a residential development of modern townhouses & apartments in Liverpool city centre north. LIVERPOOL STUDIOS FLEET STREET 10
THE TEAM RENTAL MANAGEMENT Established in 2010, Urban Student Life manages over 25 student developments across 11 UK cities. DEVELOPER NewRegen s team has a broad experience in the construction and finance industries. CONSTRUCTOR With over 30 years of experience in construction of commercial, residential & student property. Ridgemere have over 22 completed developments. QUANTITY SURVEYORS Evolve Project Consultancy takes responsibility for the successful initiation, planning, design, execution, monitoring, controlling and delivery of the project. ARCHITECTS Established in 1997, Garry Usherwood are a dynamic practice committed to providing a high quality, reliable and a comprehensive architectural service. SOLICITORS Founded in 1974, EAD Solicitors are a top 200 law firm, and have won many awards for the work they have provided to their clients over the past 40 years. 11
FAQ S IS THERE A RENTAL ASSURANCE? The rental assurance is 8% for 3 years. IS FLEET STREET OFF PLAN OR A REFURBISHMENT? Fleet Street is an off-plan student residence being completed in phases. IS THERE GROUND RENT AND A SERVICE CHARGE? Annual ground rent is 300. You pay this directly to the freeholder, and it s not included in the net rental assurance. The service charge is estimated at 8%. AM I BUYING A LEASEHOLD OR FREEHOLD PROPERTY? WHEN IS MY RENTAL INCOME PAID? Quarterly in arrears. 250-year leasehold. HOW MUCH IS THE DEPOSIT? WHEN WILL CONSTRUCTION BE COMPLETED? 2nd Quarter of 2018. WHAT IS THE SITE S ADDRESS? 16 Fleet Street, Liverpool, L1 4AN To reserve a property a 2,500 reservation deposit is required. IS THERE A MANAGEMENT COMPANY IN PLACE? Urban Student Life will be managing the property on completion and are assisting with project delivery. CAN I RENT THE PROPERTY MYSELF? The property is rented through the appointed management company, Urban Student Life. 12
PURCHASE PROCESS Once you ve selected your unit(s) with the help of your relationship manager, please complete the reservation agreement and return it with a copy of your passport. At this time you also need to pay a reservation deposit of 2,500 by transfer, debit or credit card. Once your relationship manager has received your paperwork and deposit, our client care team will assist you through exchange and completion. You will need to instruct a solicitor. We can recommend solicitors with experience in Liverpool student property. Your solicitor will advise you of the paperwork required from you please return this promptly so the process moves as quickly as possible. On exchange of contracts, you pay 50% of the purchase price. You pay the remaining 50% on completion, less your reservation deposit. PAYMENT STRUCTURE ON 69,950 PROPERTY: RESERVATION DEPOSIT 2,500 50% EXCHANGE 34,975 50% COMPLETION, LESS RESERVATION DEPOSIT 32,475 CLIENT CARE TEAM Our dedicated team of client care professionals will guide you through the sales process from reservation through to exchange and completion. 13
ABOUT RW INVEST You only work with the best developers and management companies Whatever your goal, we make it easy for you to find the right property investment When we founded RW Invest in 2004, our mission was to help investors like you succeed, matching you with carefully vetted opportunities that offer excellent growth prospects. Our focus has always been on transparency, reliability and quality, bringing investors together with the best developers and management companies in the UK. RW Invest gives you exclusive access to the best opportunities We re the only dedicated UK property investment company that are working with developers from the planning stage through to completion. We ve taken this unprecedented step because we want more control over the opportunities we market right from the beginning. Having that control means we re able to offer you better yields, better growth prospects and a better service We carry the strictest due diligence in the industry when selecting partners to work with. All the developers and management companies are subject to background checks, questionnaires, comparable pricing and planning, feasibility studies and property title searches with the local authority. As a result, we offer you the best and safest projects based on the opportunity for capital growth and rental appreciation. You get a seamless service with regular communication We re proud of the positive feedback we receive. We re known for the way we make the investment process straightforward and keep you informed throughout (which is especially helpful when you re buying off plan). From market comparables and managing agents to site visits and payment structures you get comprehensive support every step of the way. Previous Investor Testimonial: Throughout the entire process I have always found RW Invest s client care team to be informative, helpful, honest and patient (which was much needed with my endless questions). I would return to RW Invest without hesitation. Christine, Leeds 14
DISCLAIMER These particulars are provided as a general guide only, subject to contract and availability. They are not intended, nor do they contain, any representation of fact upon which any interested party is entitled or should rely. Consequently, this literature should be treated as a general guidance and cannot be relied upon as accurately describing any of the specified matters described in any order made under the Property Misdescription Act 1991. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each time. The information provided is intended for illustration purposes only and could change, for example, in response to market demand or ground conditions. Journey times to and from the property are for guidance only, and prospective purchasers or lessees should make appropriate enquiries. Financial illustrations are based on our own assumptions and are not intended to be representations of future performance. Prospective purchasers must rely on their own due diligence. GET IN TOUCH TO LEARN MORE ABOUT FLEET STREET STUDIOS London Office King William House 2A Eastcheap London EC3M 1AA Tel: +44 (0)203 176 6720 Liverpool Office 14 Colquitt Street Liverpool L1 4DE Tel: +44(0)151 958 1254 Manchester Office 82 King Street Manchester M2 4WQ Tel: +44(0)161 974 7370 info@rw-invest.com www.rw-invest.com RW Invest are full members of the Property Ombudsman Scheme, the Information Commissioner s Office and the Trading Standards Consumer Codes Approval Scheme 15