INVESTMENT summary PHASE 1 COMPLETED AND FULLY TENANTED. Spacious studios from just 89, Year rental assurance at 8% Net PA

Size: px

Start display at page:

Download "INVESTMENT summary PHASE 1 COMPLETED AND FULLY TENANTED. Spacious studios from just 89, Year rental assurance at 8% Net PA"

Cecil Hines
6 years ago
Views:

1 -Sheffield-

INVESTMENT summary PHASE 1 COMPLETED AND FULLY TENANTED Spacious studios from just 89,995 3 Year rental assurance at 8% Net PA 48 self-contained studios and 1 beds priced at 19% below local

2 INVESTMENT summary PHASE 1 COMPLETED AND FULLY TENANTED Spacious studios from just 89,995 3 Year rental assurance at 8% Net PA 48 self-contained studios and 1 beds priced at 19% below local comparables Part of the Northern Power House Initiative, Sheffield s affordable and high demand property market represents one the premier BTL hotspots in the UK today Sheffield is home to two world class universities with over 65,000 students Phase 1 completed and fully tenanted Completion Q Low deposit, just 35% required prior to completion No service charge, ground rent and management fees for the first 3 years Opportunity to own high-spec apartments in Sheffield s hottest new Quarter Fully hands-off investment, managed by established UK operator

introducing Cornwall Works A stunning new development in Sheffield s vibrant Kelham Island Quarter - the perfect location for high quality, city living.

3 introducing Cornwall Works A stunning new development in Sheffield s vibrant Kelham Island Quarter - the perfect location for high quality, city living. Cornwall Works, located in the historic and beautiful Kelham Island urban village of Sheffield, is the latest project from seasoned developers, Firestone. This is actually the second phase of Cornwall Works! The first phase has proven extremely successful and is fully built and 100% tenanted. This development comprises 48 self-contained luxury studio and 1 bedroom apartments. Built to the highest specification this 2nd phase of Cornwall Works is perfectly suited to meet the demands of todays competitive rental market.

WHY INVEST IN SHEFFIELD Sheffield is an economic powerhouse in the north of England, attracting businesses globally with a high employment rate, and excellent accessibility and connectivity. Around 2.

The city centre has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city.

4 WHY INVEST IN SHEFFIELD Sheffield is an economic powerhouse in the north of England, attracting businesses globally with a high employment rate, and excellent accessibility and connectivity. Around 2.1 million people live within a 60 minute commute of the city where growing key sectors include the creative and digital industries, low-carbon, and healthcare technologies. The city centre has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city. Over 65,000 students study at Sheffield s two universities, including more than 7,000 international students. The city recently topped a list of university towns and cities that could benefit from more student accommodation: the universities are only able to provide 11,369 bedrooms to more than 46,890 full-time students, leaving a massive 76% looking for accommodation in the private rented sector. The naturally growing population and international student growth are key driving forces behind demand for quality purpose-built accommodation and, with no cap on the numbers who can study in the UK, Knight Frank forecasts this amount will increase by 15-20% over the next five years. Sheffield s Thriving Economy Jobs in the city increased by 22% between 1995 and 2008 With an economy bigger than some European countries, the Sheffield City Region is a significant financial power. The region is home to almost 1.8 million people and has an output of more than 24.7 billion per year.

A vibrant and CULTURED CITY Sheffield is a richly diverse, multicultural city that has earned its reputation for being one of the friendliest and safest in the UK.

The city has been going through something of an urban renaissance in recent years, making the most of its grand industrial heritage and architecture, and reinventing itself as a city of European

Sheffield has something for everyone: a vibrant pub and club culture; high street and boutique shopping; restaurants to suit all tastes; the largest theatre complex outside London; art galleries;

5 A vibrant and CULTURED CITY Sheffield is a richly diverse, multicultural city that has earned its reputation for being one of the friendliest and safest in the UK. The UK s fourth largest city, Sheffield offers a unique blend of both urban lifestyle and rural retreat. The city has been going through something of an urban renaissance in recent years, making the most of its grand industrial heritage and architecture, and reinventing itself as a city of European significance. Sheffield has something for everyone: a vibrant pub and club culture; high street and boutique shopping; restaurants to suit all tastes; the largest theatre complex outside London; art galleries; iconic music venues; and sports facilities, including three climbing centres and the world s deepest diving pool. Yet a third of the city also lies within the beautiful Peak District National Park. This combination of an exciting, bustling, cosmopolitan city within an outstanding area of natural beauty makes Sheffield a truly unique and inspirational place to live, work and study. Part of the Northern Power House Initiative, Sheffield s affordable and high demand property market represents one the premier BTL hotspots in the UK today

6 Enjoy 3 Years assured rent at 8% net

pay zero service charge, ground rent and management fees for the first 3 years Investing in Sheffield s Buy-To-Let Market Sheffield is England's 4th largest city.

7 pay zero service charge, ground rent and management fees for the first 3 years Investing in Sheffield s Buy-To-Let Market Sheffield is England's 4th largest city. It is an exciting and modern place, with a population of over 500,000. Sheffield City Centre offers buy-to-let investors the best returns in the UK, according to recent research conducted by Comparison website TotallyMoney.com across more than 2,600 postcodes. Low property prices, improvements to the city centre and high tenant demand due to population retention rates have clearly created the perfect conditions to make Sheffield a buy-to-let hotspot. According to Knight Frank, Sheffield s rental market is providing optimism for the city s property sector. Rental properties in Sheffield city centre are snapped up in an average of three days with up to five tenants vying for each available property. It is an excellent opportunity for private landlords to invest in a new property with such a high chance of finding a suitable tenant at short notice upon completion. With sensibly priced houses, flexible mortgages and the increasing price of rent, conditions are ideal for investment. Sheffield s attractiveness is no disadvantage and with changes across the city landscape including new homes, renovated buildings and commercial hubs, it s only going to become more popular. There is an influx of people moving to the city for work and students from the University of Sheffield and Sheffield Hallam University remaining in the city that they ve grown to love. It has an ever-developing commercial, cultural and arts scenes, and those who wish to live here but don t have the accessible funds to buy a home are turning to rented property. Knight Frank commented "Sheffield is at a massive advantage over other major northern cities, benefiting from its location, strength of the rental market and relative undersupply of city centre residential units. The strength of the rental market can also be attributed to the limited number of high quality centrally located schemes in Sheffield, especially when compared with other regional centres across the UK"

LIVING AND WORKING IN KELHAM ISLAND The Kelham Island Quarter has an edgy, dynamic SoHo feel about it, characterised by warehouses converted into high spec offices and apartments,

For ale connoisseurs, the Kelham Island Tavern is the only pub to have won the coveted CAMRA National Pub of the Year Award for two years running.

The area buzzes with energy and has fast become Sheffield s place to be, attracting young professionals, couples and also families who enjoy its vibrant sense of community.

8 LIVING AND WORKING IN KELHAM ISLAND The Kelham Island Quarter has an edgy, dynamic SoHo feel about it, characterised by warehouses converted into high spec offices and apartments, artisan businesses and workshops, galleries, cafes, bars, restaurants and award winning pubs. Its riverside setting and central square further add to its charm. For ale connoisseurs, the Kelham Island Tavern is the only pub to have won the coveted CAMRA National Pub of the Year Award for two years running. Kelham Island s award winning pubs, The Fat Cat and the Kelham Island Tavern, were recently mentioned in the New York Times article 52 Places to Go in The area buzzes with energy and has fast become Sheffield s place to be, attracting young professionals, couples and also families who enjoy its vibrant sense of community. Kelham is a unique and exciting space in which to live, work and visit, so many don t feel the need to venture further! Yet it is well connected by excellent bus and tram links to the city centre, universities and local colleges. The Peak District National Park is also just a 10 minute drive away.

Centrally Located, Centrally Connected TRAINS Sheffield has extensive rail links to all Located at the heart of the UK, Sheffield has major UK cities.

It is at the hub of key road and rail networks from Manchester. and close to the major UK business centres of Manchester and Birmingham.

The M1 skirts the north-east of the city, linking Sheffield with London.

9 Centrally Located, Centrally Connected TRAINS Sheffield has extensive rail links to all Located at the heart of the UK, Sheffield has major UK cities. Manchester is less excellent transport links whether you are traveling than an hour by train and London is just by road, rail or air. 2 hours and 4 minutes away. Trains run from Sheffield to London every hour, Sheffield is the UK s most centrally located city and up to three times per hour to and region. It is at the hub of key road and rail networks from Manchester. and close to the major UK business centres of Manchester and Birmingham. ROADS Sheffield is connected to the national motorway network via the M1 and M18 motorways. The M1 skirts the north-east of the city, linking Sheffield with London. AIRPORTS Manchester Airport is an hour s journey away by car, and just over an hour by train. This major international airport is the largest outside London and provides direct flights to over 220 destinations worldwide - more than any other UK airport. Sheffield will also benefit from the development of Northern Powerhouse Rail, which will reduce journey times to Leeds and Manchester to under 30 minutes manchester liverpool leeds SHEFFIELD LONDON

Cornwall Works location KELHAM ISLAND MUSEUM SOCIAL Kelham Island Quarter has all manner of cafes, gastro pubs, bars and breweries, which are

SHOPS Kelham Island has many unique points of interest reflecting its past, such as outlets for vintage clothes and handmade trinkets, and various

With the whole of the UK easily accessible via trains, roads and air transport.

10 Cornwall Works location KELHAM ISLAND MUSEUM SOCIAL Kelham Island Quarter has all manner of cafes, gastro pubs, bars and breweries, which are thriving in what is quickly becoming a new student and young professional mecca. SHOPS Kelham Island has many unique points of interest reflecting its past, such as outlets for vintage clothes and handmade trinkets, and various artist studios and museums. TRANSPORT Sheffield s central location is of huge benefit when it comes to transportation. With the whole of the UK easily accessible via trains, roads and air transport. EDUCATION Home to over 63,000 students due to its 2 successful universities, Sheffield and more specifically the Kelham Island quarter is forging a name for itself as one of the trendiest places to live in the UK. THE UNIVERSITY OF SHEFFIELD 10 MIN WALK 15 MIN WALK O2 ACADEMY sheffield retail quarter 20 MIN WALK HALLAM UNIVERSITY

the management the developer Belvoir Lettings focuses on its core principles of professionalism and delivering exceptional customer service. They aim to constantly exceed their clients expectations.

Belvoir recently won the title of Best Lettings Franchise at the Lettings Agency of the Year 2014 in association with The Sunday Times and the Times.

Knowing how the markets move and what investors need is what sets them apart. Firestone has forged strong relations with ambitious and talented companies at the forefront of the UK property industry.

11 the management the developer Belvoir Lettings focuses on its core principles of professionalism and delivering exceptional customer service. They aim to constantly exceed their clients expectations. They enjoy a high standing within the lettings sector and by never losing sight of their core values Belvoir are the first choice for lettings in the UK. Belvoir recently won the title of Best Lettings Franchise at the Lettings Agency of the Year 2014 in association with The Sunday Times and the Times. Dun Fields, Sheffield Delivering developments that improve, develop and create positivity within their surroundings area is what drives Firestone. Knowing how the markets move and what investors need is what sets them apart. Firestone has forged strong relations with ambitious and talented companies at the forefront of the UK property industry. From sourcing the land through to completion, delivering exceptionally high levels of service and quality throughout the process. In 2012 Belvoir became the first residential lettings agency to launch on the AIM of the London Stock Exchange. Belvoir has numerous offices throughout the UK and an ambitious acquisition programme is underway, which means many more offices are scheduled to open in the next few months. We are able to maximise the potential of each site because we have a dedicated team of professionals whose talent, drive and meticulous attention to detail, enable us to design high-quality bespoke homes. Design & Details What sets their developments apart from the rest is level of interior design featuring furniture sourced from the top designers around the world, coupled with the highest quality finishes. Bells Court, Sheffield

purchase process Reserve your unit with a 5,000 reservation deposit On exchange of contracts pay 35% (less 5,000 from reservation deposit) The remaining 65%

12 purchase process Reserve your unit with a 5,000 reservation deposit On exchange of contracts pay 35% (less 5,000 from reservation deposit) The remaining 65% will be paid on completion ( please note, furniture pack payment will be due prior to completion) 3 Years assured rent at 8% net (payable quarterly in arrears)

Our Team Kevin Dickins CEO Kevin has been involved in the acquisition and sale of UK investment property for over 12 years, overseeing 1200 property transactions in this time.

13 Our Team Kevin Dickins CEO Kevin has been involved in the acquisition and sale of UK investment property for over 12 years, overseeing 1200 property transactions 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. Harvey Mills Head of Sales Harvey, a former Martin and Co director, has worked in the property industry for over 30 years. As well as being our Senior Sales Advisor, he also oversees our property management business and 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 since its incorporation in His main areas of focus are due diligence, sales progression, marketing and finance. He previously worked with financial advisors Edward Jones. Patricia Dickins Marketing Patricia has worked in property investment marketing for 9 years. She compiles our brochures and looks after our website.

Head Office: Tel: 01722 580263 London Office: Tel: 0207 183 0726 info@thebroadgategroup.

Any areas, measurements or distances are approximate. Any text, photographs and plans are for guidance only and are not necessarily comprehensive.

Any particulars or plans provided are prepared from preliminary plans and specifications before completion of the properties and are intended only as a guide.

Prospective purchasers should not rely on this information but have their solicitor check the plans and specifications attached to their contract.

14 Head Office: Tel: London Office: Tel: 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.

INVESTMENT summary PHASE 1 COMPLETED AND FULLY TENANTED. Spacious studios from just 89,995. Impressive rental yields of 7.7%

-Sheffield- INVESTMENT summary PHASE 1 COMPLETED AND FULLY TENANTED Spacious studios from just 89,995 Impressive rental yields of 7.7% 48 self-contained studios and 1 beds priced at 17% below local comparables