REGENT HOUSE BARNSLEY

REGENT HOUSE BARNSLEY

REGENT HOUSE BARNSLEY Investment Overview Location Projected Returns Barnsley Residential Market 4-5 6-7 8-13 14-15 Property Specification 16-17 Floor Plans 18-27 Barnsley The Developer Purchase Process Disclaimer 28-29 30-31 32-33 34-35 2 REGENT HOUSE BARNSLEY 3

Apartments from 49,000 INVESTMENT OVERVIEW 9% NET Rental Return* Studio Apartments for 49,000 Large Studio Apartments for 53,000 1 Bedroom Apartments for 56,000 9% NET Rental Return* 3 Year Rental Assurance 3 Year Rental Assurance 199 Year Leasehold Under Construction Experienced & Established Developer Office to Residential Conversion Construction Started October 2015 Completion Scheduled Q3 2016 Income Paid Quarterly in Arrears *excluding ground rent *excluding ground rent 4 REGENT HOUSE BARNSLEY 5

REGENT HOUSE & BARNSLEY 7 11 1 University Campus Barnsley 0.08 miles Leeds 2 Barnsley Town Hall 0.09 miles 8 3 4 5 Barnsley Train Station 0.13 miles Barnsley College 0.15 miles Alhambra Shopping Centre 0.25 miles 4 REGENT HOUSE BARNSLEY Regent Street, Barnsley. S70 2EG 1 6 6 Metrodome Leisure Complex 0.40 miles 2 3 BARNSLEY 7 Asda Superstore 0.50 miles 9 8 9 Peel Centre Retail Park 0.52 miles Barnsley Football Club 0.55 miles 5 10 11 Sheffield 11.99 miles Leeds 17.23 miles Sheffield 10 6 REGENT HOUSE BARNSLEY 7

PROJECTED RETURNS AFTER RENTAL ASSURANCE PERIOD Studio Apartments Annual Increase in Rental Income 4% 3% 2% 1% 0% Purchase Price 49,000 49,000 49,000 49,000 49,000 Gross Rent (Per Week) 97.34 95.48 93.64 91.81 90 Utilities (Per Week) 10.82 10.61 10.40 10.20 10 Gross Rent (Per Annum) 5,624 5,517 5,410 5,305 5,200 Projected Service Charge 686 686 686 686 686 Lettings Fee @ 8% (inc. VAT) 540 530 519 509 499 Ground Rent 300 300 300 300 300 NET Rent (Per Annum) 4,098 4,001 3,905 3,809 3,715 NET Rental Return % 8.36% 8.17% 7.97% 7.77% 7.58% Stamp Duty Land Tax To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: https://www.gov.uk/stamp-duty-land-tax/overview http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. Please Note: These CGIs are for illustrative purposes only. Please Note: These CGIs are for illustrative purposes only. 8 REGENT HOUSE BARNSLEY 9

PROJECTED RETURNS AFTER RENTAL ASSURANCE PERIOD Large Studio Annual Increase in Rental Income 4% 3% 2% 1% 0% Purchase Price 53,000 53,000 53,000 53,000 53,000 Gross Rent (Per Week) 104.92 102.91 100.92 98.95 97 Utilities (Per Week) 10.82 10.61 10.40 10.20 10 Gross Rent (Per Annum) 6,018 5,903 5,789 5,676 5,564 Projected Service Charge 686 686 686 686 686 Lettings Fee @ 8% (inc. VAT) 578 567 556 545 534 Ground Rent 300 300 300 300 300 NET Rent (Per Annum) 4,454 4,350 4,247 4,145 4,044 NET Rental Return % 8.40% 8.21% 8.01% 7.82% 7.63% Stamp Duty Land Tax To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: https://www.gov.uk/stamp-duty-land-tax/overview http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. Please Note: These CGIs are for illustrative purposes only. Please Note: These CGIs are for illustrative purposes only. 10 REGENT HOUSE BARNSLEY 11

PROJECTED RETURNS AFTER RENTAL ASSURANCE PERIOD 1 Bed Apartments Annual Increase in Rental Income 4% 3% 2% 1% 0% Purchase Price 56,000 56,000 56,000 56,000 56,000 Gross Rent (Per Week) 113.57 111.39 109.24 107.11 105 Utilities (Per Week) 10.82 10.61 10.40 10.20 10 Gross Rent (Per Annum) 6,468 6,344 6,222 6,100 5,980 Projected Service Charge 686 686 686 686 686 Lettings Fee @ 8% (inc. VAT) 621 609 597 586 574 Ground Rent 300 300 300 300 300 NET Rent (Per Annum) 4,861 4,749 4,638 4,529 4,420 NET Rental Return % 8.68% 8.48% 8.28% 8.09% 7.89% Stamp Duty Land Tax To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: https://www.gov.uk/stamp-duty-land-tax/overview http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. Please Note: These CGIs are for illustrative purposes only. Please Note: These CGIs are for illustrative purposes only. 12 REGENT HOUSE BARNSLEY 13

BARNSLEY RESIDENTIAL MARKET Barnsley has been one of the best performing residential markets in recent years, with figures for 2013 placing the Yorkshire town above key growth markets such as Cardiff, Glasgow and Bristol. Best Performing Towns and Cities of 2013 Location Avg Value Dec 2013 Avg Value Dec 2012 Change % Change Newcastle 183,057 166,345 16,712 10.1% London 510,457 464,059 46,398 10% Cambridge 344,881 316,888 27,993 8.8% Barnsley 122,769 112,918 9,851 8.7% Cardiff 203,939 188,116 15,823 8.4% Glasgow 160,935 148,756 12,179 8.2% Dundee 157,270 146,262 11,008 7.5% Brighton 293,927 273,646 20,281 7.4% Aberdeen 226,041 210,729 15,312 7.3% York 237,961 223,304 14,657 6.6% Source: Zoopla, published by This is Money 12/12/2013 Projections According to their October 2014 report, CEBR indicate that from 2016 onwards, the residential property market will grow nationally by 3% each year until 2020, where the increase will rise to 3.75% 14 REGENT HOUSE BARNSLEY 15

PROPERTY SPECIFICATION Studio Apartments Large Studio Apartments One Bedroom Apartments Central Location Furniture Pack Included Flat Screen Television & Wi-Fi Fitted Kitchen En-Suite Shower Room Please Note: These CGIs are for illustrative purposes only. 16 REGENT HOUSE BARNSLEY 17

FLOOR PLANS Ground Floor Studio Large Studio 1 Bed 18 REGENT HOUSE BARNSLEY 19

FLOOR PLANS First Floor Studio Large Studio 1 Bed 20 REGENT HOUSE BARNSLEY 21

FLOOR PLANS Second Floor Studio Large Studio 1 Bed 22 REGENT HOUSE BARNSLEY 23

FLOOR PLANS Third Floor Studio Large Studio 1 Bed 24 REGENT HOUSE BARNSLEY 25

FLOOR PLANS Fourth Floor Studio Large Studio 1 Bed 26 REGENT HOUSE BARNSLEY 27

BARNSLEY BARNSLEY TOWN HALL This rural market town is located in between the Northern Powerhouses of Leeds and Sheffield is home to more than 85,000 residents. The town stands at the centre of the wider Metropolitan Borough of Barnsley, which has a population of 231,900. A part of both the Sheffield and Leeds City Regions, Barnsley is scheduled to undergo a 50m regneration to transform and reinvigorate Barnsley s central heart. The scheme includes a new market square, the extension and refurbishment of the town s market, a new 3,000sqm public library, a cinema, shops and offices. The first phase - a covered market - is set to begin on site in early 2016. Population of over 85,000 50m regeneration of town centre Recently completed regeneration of Barnsley Interchange 28 REGENT HOUSE BARNSLEY 29

THE DEVELOPER Prospect Estates & Prospect Developments specialise in the acquisition and regneration of large scale industrial plants, commercial property and brown field sites across the United Kingdom. Studio 8 at Provincial House, Bolton As an award winning company, they have successfully regenerated in excess of 12 million square feet of redundant property throughout the country undertaking many of the most intricate and detailed redevelopment projects in this sector. Following the success of Studio 8 at Provincial House in Bolton, Prospect Developments are providing more luxury, high specification office to residential apartments conversions in key locations in the UK. 30 STUDIO 8 at REGENT HOUSE BARNSLEY 31

RENTAL MANAGEMENT Rent on Time are the rental managers of the latest Studio 8 development in Bolton and will act as manager for Regent House in Barnsley. They work in conjunction with Urban Sales & Lettings, an online estate agent who promote that they have thousands of satisfied customers every year. Their service is backed by excellent customer service and professionally qualified staff, rated by the Sunday Times as Top online estate agent. All of their staff hold National Federation of Property Professionals (NFOPP) qualifications and they are members of the Property Ombudsman Scheme. Properties advertised on the UK s largest property websites including Rightmove, Zoopla and PrimeLocation. PURCHASE PROCESS RESERVATION Reservation form completed & 1,000 non-refundable reservation fee paid and deducted from the exchange of contract monies SOLICITORS INSTRUCTED Solicitors instructed, legal pack sent out and anti-money laundering process completed EXCHANGE OF CONTRACTS 50% of purchase price paid to solicitors & contracts exchanged within 28 days of reservation LEGAL COMPLETION The remaining 50% of the purchase price is paid, the purchase is completed & Title Deeds registered with the UK Land Registry 32 REGENT HOUSE BARNSLEY 33

DISCLAIMER 1. This information is made available to the addressee subject to our terms and conditions. A copy of this information is made available to you for your personal use and must not be given, shared or communicated with any other person except for your own professional advisors for the sole purpose of obtaining their advice. 2. We endeavour to provide accurate, up to date and complete information but makes no warranties or representations as to the accuracy, reliability or completeness or otherwise of the information contained herein. We assume no responsibility or liability for any omissions or errors contained in the information. 3. We act as an agent for the developer and as such accepts no liability to the Purchaser. Further and in any event, if notwithstanding this provision liability is established against us, then it is agreed that the total maximum amount of such liability is limited to and shall not under any circumstances exceed the amount of the above reservation fee. 4. Purchasers are required to conduct their own due diligence and make their own judgement on the property being offered. Purchasers must verify the information and any speculative information offered by us. Purchasers are strongly recommended to perform their own financial and legal assessment of any opportunity prior to making any commitment to participate. 5. We do not provide or offer an opinion as to whether a particular property is appropriate for a particular individual and owes no duty of care to the Purchaser. 6. We only offer an opinion on the opportunity in general terms and in relation to the market as a whole. We are not able to comment or give opinions on the strength or validity of any bond or insurance policy and Purchasers are strongly recommended to perform their own diligence and seek legal opinion. 7. We do not accept any responsibility for amendments to or changes in rates of taxation, introduction of new taxes, changes to existing legislation or the introduction of new legislation or any matters relating to the final contractual arrangements for any purchase. 8. Where rental assurances or guarantees are offered as part of the purchase, the developer will contract directly with the purchaser to assure the rental income at the specified rate and for the specified duration, but this is not supported by an insurance policy, bond or bank, unless specified, nor is this warranted by us. 9. Descriptions of Property, Homes, Buildings, Locations or Development Particulars, Specifications and Pictures and Artists Impressions of any property, home, building, location or development are given in good faith and believed to be correct, but they do not form part of any offer or solicitation and are intended only as a general guide. We do not control the building or development of any project. 10. You acknowledge that developers reserve the right to alter plans, designs and specifications at any time without prior notice. We therefore will not be responsible for such changes. 11. All descriptions are intended only as a general guide and are not to be relied upon by you or any other interested parties as a statement or representation of fact and you should satisfy yourself by inspection or otherwise. 12. We have endeavoured to provide the highest quality information, backed up by substantial experience and proven evidence from the marketplace. However, individual interpretation of information may vary, and individual circumstances, skills, abilities, knowledge and attitude play an important part in achieving a particular outcome. In addition, the future behaviour of the property market may not follow past experience, either, internationally, nationally or locally. For this reason we do not warrant, guarantee or promise that you will make a profit from any property transaction entered into, whether as a result of acting on information contained within this document or otherwise. As with any purchase, this may make a loss. CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. 34 REGENT HOUSE BARNSLEY 35