DEVON HOUSE SMART APARTMENTS, LIVERPOOL STUDENT RESIDENCE Properties from 70,000 8% Net Rental Income Pre-Launch Opportunity
OVERVIEW DEVON HOUSE INVESTMENT OPPORTUNITY 162 fully managed studios designed to the highest of standards and located in the heart of Liverpool s academic hub. FINANCIALS Pre-launch prices from 70,000 8% assured net income for 3 years LOCATION In the heart of Liverpool s Knowledge Quarter Next to Royal Liverpool University Hospital Within 12 minutes walk of all 4 major universities FEATURES 400 metres from university campuses Hi-speed Wifi Mini fridge and safes in all rooms Communal lounges Flat screen TVs Fully fitted communal kitchens On-site laundry Hotel-style access control systems Monitored CCTV system 24-hour reception and security 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. 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
DEVON HOUSE: THE IDEAL LOCATION FOR STUDENTS Liverpool is one of the most established centres in the UK for higher education and is home to a number of leading institutions including The University of Liverpool, Liverpool John Moores University, Liverpool Hope University and The Liverpool Institute of Performing Arts. The combined student population currently stands at 53,000 almost 12% of the city s total population with students enrolled from over 100 countries worldwide. DISTANCE TO LOCAL UNIVERSITIES & COLLEGES Liverpool Hope Uni City Campus - 15 Mins University of Liverpool - 3 Mins Liverpool School of Tropical Medicine - 3 Mins Royal Liverpool University Hospital - 2 Mins St Georges Hall - 4 Mins Liverpool John Moores University - 5 Mins 4
THE KNOWLEDGE QUARTER, LIVERPOOL In March 2016, consumer organisation Which? named Liverpool the 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 Merseyside city. Devon House is located in Liverpool s Knowledge Quarter, the area Liverpool City Council is developing as an academic hub. This makes it the ideal base for undergraduate and postgraduate students attending a range of universities. 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 John Moores University Liverpool School of Tropical Medicine More than 500 students from 60 countries Ranked in the UK s top 10 for research 23 million state-of-the-art infectious disease centre and 200 million research portfolio Royal Liverpool University Hospital 335 million new teaching hospital Affiliated with the University of Liverpool Student doctors and nurses demand affordable, luxury accommodation nearby Liverpool Hope University 7,000 students from 67 countries 200 million new creative and performing arts campus in the Knowledge Quarter Ranked 4 th for research intensity in the North West 25,000 students from 11 countries 250 degree courses Building a new 100 million campus in the Knowledge Quarter 5
ABOUT DEVON HOUSE Devon House is a deluxe development that offers all the luxuries students now demand with extra amenities that differentiate it from other accommodation choices in the area. EVERYTHING UNDER ONE ROOF It s being built by experienced company YPG Developments, and will be the first student property in the UK to feature YPG s bespoke student liaison mobile app. This clever technology allows tenants to book communal areas, control heating, request maintenance 24/7, communicate with others in the building, receive information from on-site management and order outside services like food orders and laundry. Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will include study spaces, a breakout room, cinema system, pool tables, on-site gym and a cooking/dining area that seats up to 10 people. As a result, Devon House will offer students the best of Liverpool living at an affordable price while giving investors 8% net rental income. 162 luxurious apartments in the heart of Liverpool s Knowledge Quarter Sleek, quality furnishings give tenants a spacious, clutter-free living experience Bespoke student liaison mobile app allows tenants to book communal areas, communicate with management and maintenance, control heating and book outside services at the tap of a screen Devon House sets a new standard for student accommodation in LIverpool 6
STUDIO LAYOUT SAMPLE FLOOR PLAN TYPE: STUDIO SIZE: 25 SQM PRICE: 71,950 7
FINANCIALS RENTAL INCOME OF A 25 SQM STUDIO PURCHASE PRICE 70,000 GROSS RENTAL INCOME ( 150 pw, 50 weeks): 7,500 COSTS MANAGEMENT FEE & SERVICE CHARGE 1,150 per year RETURN NET INCOME 6,007.10 NET YIELD 8.5% (Typical after 2 years rental assurance) Ground rent of 350 is payable annually to the freeholder. 8
MANAGEMENT COMPANY: REBLOOM LTD Rebloom Ltd is a specialist block management company with an aim and successful history of increasing the appeal of developments and the communities that exist within them. Rebloom Ltd are able to ensure compliance to regulations, the maintenance of the high quality finish in th building and develop plans for improvements that will produce tangible benefits for owners and residents. They are a company managing 24 buildings in Merseyside. One of their ambitions is to help nurture a community spirit in the buildings that they work with and thorough regular communication and supported residents committee. As a buy-to-let investor, I was concerned that I didn t have control over the money I was paying, or the quality of service I received. This is why I started Rebloom. To provide a higher level of service to support flat owners - Mike, Founding Director, Rebloom Ltd 9
DEVELOPER: YPG DEVELOPMENTS IN PARTNERSHIP WITH YPG DEVON HOUSE YPG Developments is a young dynamic company with current projects that tally over 72 million. YPG Developments have an innovative approach to construction and the team have over 30 years experience in their field. Recent projects include: Bateson Building - consists of 102 student rooms located in Liverpool, and completed way ahead of schedule and budget Huntingdon House - consists of 24 student units in Nottingham, completed on time with students moved in Pembroke Studios - consists of 94 new-build self-contained studios in Liverpool. The develompent is scheduled to complete in Summer 2017 10
FAQS IS THERE A RENTAL ASSURANCE? The rental assurance is 8% for 3 years. IS ONE DEVON HOUSE OFF PLAN OR A REFURBISHMENT? Devon House is an off-plan student residence. AM I BUYING A LEASEHOLD OR FREEHOLD PROPERTY? 125-year leasehold. IS THERE GROUND RENT AND A SERVICE CHARGE? Annual ground rent is 350. You pay this directly to the freeholder, and it s not included in the net rental assurance. The service charge is estimated at 1,142.90 per year. WHEN IS MY RENTAL INCOME PAID? Quarterly in arrears. WHEN WILL CONSTRUCTION BE COMPLETED? Estimated completion is Q4 2018. WHAT IS THE SITE S ADDRESS? 40 Devon Street, Liverpool, L3 8HA. HOW MUCH IS THE DEPOSIT? To reserve a property, a 5,000 reservation deposit is required. IS THERE A MANAGEMENT COMPANY IN PLACE? Rebloom Ltd will be managing the property on completion and are assisting with project delivery. 11
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 5,000 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, less your reservation deposit. You pay the remaining 50% on completion. PAYMENT STRUCTURE ON 70,000 PROPERTY: RESERVATION DEPOSIT 5,000 50% EXCHANGE LESS RESERVATION DEPOSIT 30,000 50% COMPLETION DEPOSIT 35,000 CLIENT CARE TEAM Our dedicated team of client care professionals will guide you through the sales process from reservation through to exchange and completion. 12
The BroadgateTeam Kevin Dickins CEO Kevin has been involved in the acquisition and sale of UK investment property for 11 years. He has been involved in the acquisition and sale of over 1000 properties in this time. Kevin has a portfolio of UK buy to let properties throughout the UK including Salisbury, Manchester, Newcastle, Surrey and Nottinghamshire. He is passionate about investors educating themselves to ensure they understand their genuine net investment returns rather than making speculative property investments. Anita Hewlett Office Manager Anita worked in funds and fund valuation with Lloyds TSB for 11 years and then in pensions with Capita for 3 further years. On top of this Anita has nearly 10 years experience in residential property sales and property management. Harvey Mills Head of Sales Harvey is a former Martin and Co director, he has worked in the property industry for over 30 years. As well as being Senior Sales Advisor he also oversees our property management business and our planning consultancy matters. Patricia Hakong Finance Director Patricia Hakong is a Chartered Accountant, with extensive experience in finance, risk management, and regulatory compliance in the general insurance and financial services sector. Her main areas of focus in the last 15 years have included management, financial and regulatory reporting; risk management; internal audit; catastrophe loss modelling; and capital setting, principally in the Lloyd s market. Gareth Frampton Head of Operations Gareth has been involved in Broadgate since its incorporation, his main areas of focus are our sales progression and finance departments. He previously worked with financial advisors Edward Jones. Danielle Koureas Property Investment Advisor Danielle has worked as a Property Investment Advisor for 14 years. Initially in Australia but she has now been working in the industry in the UK in excess of 12 years. Patricia Dickins Marketing Patricia Dickins has worked in property investment marketing for 8 years. She compiles our brochures and looks after our website.
GET IN TOUCH TO LEARN MORE ABOUT ONE DEVON HOUSE Head Office: Cheviot House, 69-73 Castle Street, Salisbury. SP1 3SP Tel: 01722 580262 London Office: 12th Floor, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW Tel: 0207 183 0726 info@thebroadgategroup.com Whilst the utmost has been done to verify the contents of any printed or electronic formatted document, they have no authority to make or give any representations or warranties in relation to any property. Any particulars provided do not form any part of an offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. Any text, photographs and plans are for guidance only and are not necessarily comprehensive. Purchasers must satisfy themselves by survey or otherwise. Any particulars or plans provided are prepared from preliminary plans and specifications before completion of the properties and are intended only as a guide. They may have changed during construction or finishes could vary. Prospective purchasers should not rely on this information but have their solicitor check the plans and specifications attached to their contract. The Purchaser understands that this does not form a contract of purchase and that all purchase contracts will be provided by the vendor to the Purchaser s solicitor.. Any reservation fee required is non-refundable and reserves the property until the date of exchange outlined by the vendor. Should the purchaser not be seen to be making fair and reasonable progress to exchange on the date set the Purchaser understands that the vendor may re-offer the property to the open market and the reservation fee will remain non-refundable. The purchaser understands exchange and completion deposits are payable to his/her solicitor, that property values can decrease as well as increase and that rental income achieved may not always match that predicted. 13