Prices from 155,000 - Up to 6.45% expected net yield

Transcription

1 B E L F A S T Situated in the heart of Belfast the capital of Northern Ireland, this is a rare opportunity to secure exceptionally high quality real estate with strong income and capital growth potential Prices from 155,000 - Up to 6.45% expected net yield

2 B E L F A S T BELFAST PROPERTY MARKET Demographic Opportunity Belfast is a steadily improving market since the economic downturn of 2007 and expects considerable economic expansion over the next 5 to 10 years. House prices remain at nearly 50% below their 2007 peak however over the past 18 months there have been consistent quarterly increases, it is widely expected that the market will continue to improve and align more with a pattern of growth found across the UK. This development caters for city center living as envisaged by Belfast City Council s Belfast Agenda which aims to see 70,000 more people living in Belfast by Portland 88 will no doubt appeal to young professionals and couples who work in the city and wish to live in an urban setting. Recent trends indicate that 3 and 4 bedroom properties, while popular with students, are not meeting the demand of a new emerging class of young professionals aged This demographic tends to be more attracted to high-quality, smaller format living and will pay a premium to guarantee comfort, flexibility and proximity to the city centre. There has been an increase in well-educated year olds who are coming to Belfast to work in one of the many global PLC s that are now based in the financial, retail and office quarters of the city, all of are within walking distance to Portland 88. Whilst the majority of these immigrants are underemployed in elementary jobs, a significant proportion comprise flexible young professionals and accordingly increase Portland 88 will be one of the first luxury apartment developments to be delivered in this area of city for a number of years. It is illustrative of a returning confidence in the city, and lies in a prime location with key community facilities and amenities located within a short walking distance of the site.

3 B E L F A S T THE OPPORTUNITY Situated opposite the historic Gasworks site in Belfast city centre, Portland 88 is a landmark building comprising 88 luxury smart apartments. With easy access and great transport links to Belfast s Financial Quarter, Ormeau Park, Botanic and Queen s University, choose an immaculate home and let the location speak for itself COMPLETION HANDOVER SCHEDULED for Q APARTMENTS sq ft DUPLEXES sq ft From 294,000 Portland 88 offers the very best of modern and convenient living. As Northern Ireland s largest city, Belfast offers a large variety of shopping centres, convenience stores, boutiques, cafeś, restaurants, sports teams, primary and secondary schools and higher educational facilities all just minutes from your front door. 3 THREE BEDROOM sq ft Not Yet Released 71,293 SQ FT 16 ONE BEDROOM PLUS STUDY sq ft From 164, TWO BEDROOM sq ft From 175, of Internal Apartment Space FLOORS Ground Plus 7 Floors PARKING SPACES

4 BELFAST THE CITY / LIFESTYLE Belfast is the capital and largest city of Northern Ireland, and the second largest on the island of Ireland. CONNECTIVITY; Train time to Dublin - 2 hours There are 2 airports within 30 minutes of the city centre, which deal with 7.1 million passengers each year. FLIGHTS TO; London 17+ per day flight time 1hr 20 Manchester 6+ per day flight time 1hr Birmingham 4+ per day flight time 1hr 5min TIME ZONE CURRENCY POPULATION AREA Greenwich Mean Tine GBP Pound erling Metropolitan Area 1,390,127 (2017) 44.4 sq miles (115 km2)

5 B E L F A S T nightlife / shopping / Dining tourism Belfast has emerged in the 21st century as one of Europe s most alluring spots, filled with music, culture and boasts a superb range of shops, restaurants and some of the coolest night clubs. Billions of pounds have been invested over the last decade to restore the city s grand Victorian architecture and energize its music and arts scenes. The result is a striking hub of culture, home to numerous festivals throughout the year. Belfast tourism is at an all-time high, the city is home to Titantic Belfast, winner of the World s Leading Visitor Attraction at the World Tourism Awards 2016, and George s Market, which won Best Market in the UK at the 2016 Observer. Record numbers of international visitors were given a boost by the growing popularity of the Game of Thrones series, which is filmed on set in the city and on location around the country.

6 B E L F A S T Learning Belfast s & Northern Ireland s education system is among the best performing in Europe. According to a recent major survey, it is the best performing education system for primary maths in Europe, and the sixth best in the world. Some 77 per cent of school leavers go to further and higher education. Supporting these academic achievements are two world leading universities, Queen s University, Belfast and Ulster University with over 45,000 students. 77% Of school leavers go to further and higher education #2 World leading universities

7 B E L F A S T UNPARALLELED POSITION Queen's University Library Cameron reet Queen's University School of Law Queen's University Belfast City Hospital Donegall Pass Great Victoria reet Train ation Europa Hotel BBC Northern Ireland Belfast City. Anne s Square & The MAC Victoria Square Waterfront SSE Arena Hilton Hotel Harland & Wolff Central ation Radisson BLU Hotel Lloyds Banking Group ormont & Partiament Buildings Indoor Tennis Arena and Ozone Complex River Lagan Ormeau Park Ormeau Golf Club Ormeau Road Cathedral Quarter Titanic Quarter Queen s Quarter Linen Quarter The Gasworks / Financial Quarter Within Walking Distance Ormeau Road Considered to be one of Belfast s best-known thoroughfares, the Ormeau Road is brimming with a wide range of businesses and eateries. Yet the beauty of this location stretches even further to the wealth of outdoor spaces including Ormeau Park, River Lagan and the Lagan Towpath. Queens University Home to over 20,000 students Queen s University Belfast is steeped in heritage yet benefits from world-class, state-of-the-art facilities. The university has a rich heritage and a renowned history of producing Nobel Laureates, leading global academics and national and international leaders over the last 170 years. Ormeau Park Ormeau Park is a popular venue for sport, with a range of facilities that are located in Ormeau Park Playing Fields including soccer pitches, two bowling greens and pavilions, a BMX track, basketball, tennis and netball courts. The park also has a children s playground. The park is also popular with both walkers and joggers and has a range of eco trails and orienteering routes. Victoria Square Victoria Square is Belfast s premiere shopping and leisure destination featuring over 70 international and local brands, restaurants and the Odeon cinema. The centre also features the iconic Dome which offers the best views of the city. Central ation Located on East Bridge reet in the city, Central is the northern terminus of the cross border Enterprise service to Dublin, which runs every two hours. As well as this service, Central is also served by Northern Ireland Railways, which operates routes to other locations in Northern Ireland, including Derry, Bangor, Portadown and Larne. Cathedral Quarter Craic, atmosphere, bustling bars and contemporary restaurants - Belfast s Cathedral Quarter has all the ingredients for a great night out. Named after the cathedral, the oldest part of the city has evolved from Belfast s old trade and warehousing district to a bustling area with an impressive culture and arts scene.

8 B E L F A S T THE WHOLE OF BELFAST ON YOUR DOORSTEP Yorkgate Train ation River Lagan Victoria Park To George Best Belfast City Airport Ulster University PASS SYDENHAM BY-PA 35 mins Titanic Quarter Train ation BELFAST CITY CENTRE NEWTOWNARDS ROAD 30 mins 25 mins Royal Victoria Hospital Great Victoria reet Train ation EAST BRIDGE STREET Central Train ation 5 mins 10 mins River Lagan 15 mins 20 mins Connswater Shopping Centre B E L F A S T City Hospital Train ation Portland 88 Hospital City City Hospital Botanic Train ation Queen s University ORMEAU ROAD Ormeau Park Motorway Road reet University Museum Retail Titanic Museum Greenville Park SSE Arena Big Fish Train Route Night Life. Anne s Cathedral Towpath Airport Grand Opera House Botanic Gardens Ormeau Golf Club Belfast Bikes Locations Park Golf Course Kingspan adium Harland & Wolf Gas Works Kingspan adium

9 WHY BELFAST? FACTS / FIGURES Belfast s economy is worth an estimated 30 billion (FT, 2016). It is the hub of Northern Ireland s service sector, a world leader in fintech, and one of the UK s tourist honeypots. Belfast supports a growing tourism industry with over 1.3 million visits contributing 278million to the economy & supporting 17,000 jobs. In 2016, Titanic Belfast was named as the world s number one tourist attraction. Business visitors - between 2012 & 2014 there were an estimated 200,000 overnight business trips to Belfast. Belfast is also the unrivalled centre of Northern Ireland s tourism industry, with five of its ten most popular attractions (Trip Advisor). Tourism is at an all-time high, with numbers of overnight visitors increasing by 5% in 2015, to 2.3m (NISRA). Belfast has emerged as a leading centre for digital technology, finance, and media. Coupled with the city s business-friendly climate, this new specialisation has attracted a slew of multi-national investors, including Allen & Overy, Bombardier, Liberty Mutual and Allstate. The Google Innovation Lab and PwC s digital solutions hive have both selected Belfast as their home, HBO bases its studios for Game of Thrones in the Titanic Quarter, and the growing fintech sector (also concentrated in the Titanic Quarter) has attracted the likes of Airpos, Wombat Technologies and SR Labs. The city is home to Titantic Belfast, winner of the World s Leading Visitor Attraction at the World Tourism Awards 2016, and George s Market, which won Best Market in the UK at the 2016 Observer. Record numbers of international visitors in the year to Q were given a boost by the growing popularity of the Game of Thrones series, which is filmed on set in the city and on location around the country. The digital sector grew by 34% between 2012 and 2015, and now contributes a total of 5.4% GVA to the region s economy the second highest proportion in the UK (Tech City). OUTSIDE OF LONDON NORTHERN IRELAND IS THE LEADING UK REGION FOR ATTRACTING INWARD INVESTMENT. THIS SUCCESS HAS BEEN SEEN ACROSS A RANGE OF KNOWLEDGE INTENSIVE SECTORS. Invest NI

10 BELFAST THE FUTURE Belfast by 2021 Grow the city s rates base by 5% Belfast s property market stands to benefit still further from an unrelenting citywide redevelopment effort. The Northern Ireland Executive and local planning authorities are dedicated to recycling the fruits of its rejuvenated economy back into making the city an even more efficient and attractive city in which to live and do business. Belfast City Council is pursuing an active drive to attract investment deals it expects to total 1bn in the coming years (PropertyWeek). A number of initiatives to regenerate the city and its economy are underway. Most notable are the City Centre Regeneration and Investment rategy, designed to create public-private sector partnerships for CBD growth, and the Belfast Agenda, a joint vision for the social, economic, and environmental future of Belfast over the next 15 years. Create 1.5 million sq ft of Grade A office accommodation Reduce the level of household waste going to landfill to 35% Increase the use of sustainable transport by 15% Move to 14 or higher in the UK Retail Ranking Create 2,500 new hotel bed spaces Increase the % of residents satisfied with the city living experience

11 BELFAST - WHO? POPULATION, DEMOGRAPHICS, TARGET RENTAL MARKET An Additional 70,000 New Residents By 2035 Approximately 45,000 udents are Enrolled in 1 of the City s 3 Major Learning Institutions Like many capital cities, Belfast is a magnet for young creative types and business leaders alike. As the only truly global city in Northern Ireland, Belfast boasts an even greater than usual share of young professionals, and its demographic profile is one of the city s chief assets. The city boasts one of the youngest populations in the UK, with 44% of people under the age of 30 at the time of the 2011 Census. Belfast s young people are also better educated than the UK average. Approximately 45,000 of them, 16% of the total population, are students enrolled in one of the city s three major learning institutions. Although Greater Belfast s population grew by a modest 4.1% in the decade to 2015, it is expected to expand in step with Northern Ireland s overall projected increase of 7.3% by 2024 (NISRA). Its accelerating population growth reflects the country s improved economic fortunes. NORTHERN IRELAND S POPULATION IS ONE OF THE YOUNGEST IN EUROPE, WITH 55% OF THE POPULATION UNDER THE AGE OF 40. Young people up to the age of 21, make up nearly a third of our population, while a fifth of the city is under 15 years old. Belfast tends to attract a younger profile of resident than Northern Ireland as a whole with particularly large number of those aged % Of the Population of Belfast is Under the Age of 40 Recent trends indicate that 3 and 4 bedroom properties, while popular with students, are not meeting the demand of a new emerging class of young professionals aged This demographic tends to be more attracted to high-quality, smaller format living and will pay a premium to guarantee comfort, flexibility and proximity to the city centre. Whilst the residential property market continues to improve, our feeling is that this trend will continue and discourage young professionals from Young Professionals Aged Will Pay a Premium to Guarantee Comfort, Flexibility and Proximity to the City Centre. buying properties, instead choosing to rent apartments which are more suited to their lifestyles. By 2035 additional 70,000 new residents. We estimate there to be approximately 1,000 Apartment units spread over 6 developments in the private rental sector in Belfast City Centre. Outside of these schemes, the provision is fragmented and dispersed within converted houses. This is a significantly lower provision per capita compared to other regional cities within the UK.

12 TYPICAL APARTMENTS LAYOUTS LEVELS 3 6 COYLE STREET 807 ft 2 approx 747 ft 2 approx 799 ft 2 approx ft 2 approx ft 2 approx Lift 763 ft 2 approx 763 ft 2 approx 766 ft 2 approx udy 695 ft 2 approx Common Area Lift Each apartment will have the option to add a smart home package, allowing you to control heating, lighting, entertainment and a number of other functions remotely from your phone and in the apartment. 870 ft 2 approx 767 ft 2 approx 766 ft 2 approx 766 ft 2 approx 786 ft 2 approx ORMEAU ROAD

13 PURCHASE PROCESS Purchase now with only 10% deposit and 90% paid on completition. 1. Choose an Investment Unit from the Availability 2. Pay 1,000 Reservation Fee ( 500 of which is non-refundable) 3. Instruct Solicitors 4. Transfer 10% of the funds on Exchange 5. Transfer Balance Minus Reservation Fee on Completition 6. Completition

14 We build beautiful, peaceful homes where residents feel happy and secure Barnett Developments is a growing property development company based in Bristol, UK. The company is focussed on creating luxury, high specification apartments that owners are proud of and that reward investors with consistently high returns. We re a family run company with a simple vision: we want to build homes that we would like to live in. This means style, space, practicality and warmth. Quite simply: Barnett Developments build homes that we are proud of. This core principle underpins everything that we do.

15 S E L L I N G A G E N T Colliers New Homes 25 Talbot reet, Belfast BT1 2LD Telephone W W W. P O R T L A N D 88. C O M