BYWATER HOUSE 39 Self contained, high-spec studio apartments Existing Build 100% Occupancy achieved in its 2 years it has been built Fantastic student location in Birmingham 8% Net rental yield, guaranteed for 3 years 250 year lease Fully furnished 300 Ground Rent FINE AND INVESTMENT PROPERTY
BYWATER HOUSE
INTRODUCTION With 39 modern, high-spec apartments, located just minutes from Birmingham City centre, ByWater House offers the perfect solution for investors and students alike. The development, which was completed in 2014, comprises of a range of fully furnished ensuite and studio apartments, purpose built with students in mind. The design and décor of each apartment was inspired by a desire to provide contemporary, comfortable student accommodation. The developers have absolutely achieved this, meeting their brief and creating a highly desirable property, which boasts a high-spec finish, the like of which is normally only afforded to high-end luxury apartments. From an investor s perspective, ByWater House responds effectively to the increasing demand for student accommodation within Birmingham, and promises a consistent financial return.
LOCATION Perfectly located within the heart of student life in Birmingham, the three main Universities are all within a 3-mile radius of ByWater House. Situated amongst private student houses and local businesses, the development integrates seamlessly into the community. The local area boasts a wealth of facilities with grocery stores, restaurants, fast food outlets and a post office being just some of the amenities that are right on the doorstep of these sleek apartments. Developing this property within Edgbaston has provided an idyllic location for students attending any of the University of Birmingham, Birmingham City University and Aston University campuses. The public transport links to each of these Universities makes for a straightforward, short commute to campus, or alternatively students can easily make their way on foot. The local bus service includes night routes, and provides easy access to the City centre and Birmingham New Street, the City s main rail interchange. This interchange offers direct services to London, Manchester, Glasgow, Edinburgh, Newcastle, Cardiff, Nottingham, Reading and many other major UK cities. With its central location, great transport links, and a hub of amenities in the local vicinity, ByWater House is in the perfect location to accommodate a thriving student community. BYWATER HOUSE
ACCOMMODATION Student living is at the core of the design and build of each of these self-contained apartments. As such, every aspect of student living has been considered, and used to inform the layout, design and décor at each stage of the development. Apartments There are 39 apartments in total, with a number of larger studio apartments and some slightly smaller en-suite apartments. The studio apartments are extremely spacious boasting a floor size of between 19m2 and 26.5m2; comparatively the en-suite apartments cover between 14m2 and 15m2. 24 Hour CCTV When considering students needs within this development, the planners identified that ensuring the safety of the student community was a high priority. ByWater House therefore operates robust security systems including a FOB entry system and 24 hour CCTV. Communal Facilities All of the apartments are positioned in clusters, with each cluster having a fully fitted, highspec communal kitchen for the sole use of that cluster s residents. In addition, each cluster also has a fully furnished, communal lounge area for residents to meet up and relax. Boasting floor sizes of between 19m2 and 26.5m2 BYWATER HOUSE
INVESTMENT OPPORTUNITY The properties within ByWater House are competitively priced to ensure substantial returns on investment. This in turn enables investors to pass on affordable rental fees to the student tenants, whilst still benefitting from a substantial yield from their investment. Purchase Prices Typical property prices are: En-suite apartments circa 63,000 Studio apartments circa 75,000 Rental Income The achievable rental prices per week, 51 weeks of the year are: En-suite apartments 122 Studio apartments 145
OUR INCOME GUARANTEE We know that for some, property investment can be a risky business, particularly in the early stages, so we are doing everything we can to minimise that risk. From the outset, we are offering investors the security of a risk free initial 3 years, achieved by guaranteeing an 8% net yield for the first 3 years. That yield is net of all costs including: Service Charges Ground Rent Management Costs Maintenance Payments This means that even if there is a gap in tenancy, or emergency maintenance costs, late rental payments or increased service charges, for the first 3 years, you will not notice any impact on your yield. An 8% net yield equates to 5,040 per annum on a 63,000 en-suite apartment, or 6,000 per annum on a 75,000 studio apartment, paid quarterly in arrears. BYWATER HOUSE
FULL MANAGEMENT SERVICES ByWater House is a fully managed development, serviced by the competent and professional Davidson Estates Ltd. They are a well-established local company, familiar with the area and the local property market. Dealing with tenancy and maintenance issues, the service offered by Davidson Estates Ltd allows investors to sit back and enjoy their investment without any of the stress that can arise when renting properties. Recent reports from Davidson Estates have confirmed 100% occupancy in place for this academic year. BYWATER HOUSE
PAYMENT TERMS The payment terms that we operate by make the purchase process transparent, with costs and timescales clearly defined from the outset. There are no hidden costs and no surprises. Our 3 Step Payment Plan 1 1000 reservation deposit per unit (this is then deducted from the payment made in step 2) 2 30% on exchange of contracts (minus the payment made in step 1). The exchange of contracts will take place within 28 days Costs and timescale clearly defined from the outset 3 The remaining 70% is paid on completion, which is typically 2 weeks later
THE STUDENT MARKET Despite increasing tuition fees, the demand for University places is higher than ever. This increase is evidenced by UCAS, which has reported a consistent, circa 4% year on year rise in University applications, with students from the UK and overseas all eager to continue studying within UK higher education establishments. Up until the start of the 2015/16 academic year, Universities had to cap the number of students they enrolled. However, that cap has now been lifted and as a result there is now an increased demand for University places and a knock on fight for student accommodation, with demand far outweighing the supply, notably so in Birmingham. There are five higher education institutions within Birmingham, three of which appear in the Guardian s top 100 Universities for 2016, making them extremely desirable educational establishments. 2014/15 Birmingham enrolment figures Institution of Higher Education Number of students enrolled 2014/2015 University of Birmingham 34160 Aston University 11065 Birmingham City University 23335 University College 4855 Newman College 2725 Total 76140 With a total of 76140 students enrolled into the last academic year, and that number set to increase by 4% each year, it is clear that the demand for student housing is current and increasing. In response to this increased demand within Birmingham, ByWater House was developed, and it s 100% occupancy rate is testament to the fact that these apartments are much sought after amongst the student community, successfully providing the supply to meet the market demand. BYWATER HOUSE
AREA REGENERATION Birmingham City University Relocation Birmingham City University is in the process of undergoing a 260 million move, combining all of the campuses into two large campuses. One of these campuses will be in Edgbaston, thus increasing the demand for student accommodation in the area, and putting Bywater House on the map as a dream investment for those looking for consistent occupancy, and a sound return. The campus relocation is expected to be completed in 2017. Big City Plan The Big City Plan is a 20-year regeneration programme focused on transforming the centre of Birmingham into a world-class city centre. Some of the key elements of this regeneration, which will cover 800 hectares of the City, are: Encouraging population growth of 100,000 Improved infrastructure and connectivity both within and beyond the City, to include 28km of enhanced walking and cycling routes The creation of over 50,000 new jobs to meet the needs of the growing population The provision of new leisure and recreational facilities All of the development and investment being targeted into Birmingham and in particular the City centre, will encourage the growth of the student population and subsequently increase demand for student accommodation.
INVESTMENT SUMMARY The facts High-spec studio and en-suite apartments Fully furnished Fully managed Perfect location for students within Birmingham Perfect location for students within Birmingham Constant and increasing demand for rental properties Clearly defined payment terms and timeframes The figures 39 self-contained apartments 100% occupancy rate from day 1 8% net rental yield with this income guaranteed for 3 years 248 years left of the 250 year lease Just 300 ground rent The facts and figures speak for themselves; for investors looking for a safe investment, in property with a proven track record, ByWater House is a sound and financially sensible choice. In addition, thanks to our guaranteed income promise, the first 3 years are totally risk free. BYWATER HOUSE
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