PHOENIX PLACE LIVERPOOL
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Purpose built student accommodation
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Luxury studio and en-suite apartments
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9% Net Yield
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5 Year Rent Guarantee
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Fully Furnished and Managed
FINE AND INVESTMENT PROPERTY
PHOENIX PLACE THE DEVELOPMENT Phoenix Place phase one boasts 134 en-suite and studio apartments, offering the ultimate in contemporary student accommodation in Liverpool. Sited on Iliad Street, these apartments are within walking distance of all of the main University establishments and Liverpool City Centre; and have been built as part of ongoing regional development in the area. The amenities within the immediate vicinity offer everything students need to make the most of student life. These include a fully equipped sports centre, gymnasium and swimming pool all less than half a mile away; the historic Greatie market is right on the doorstep, and a large Sainsbury’s supermarket (due to open in 2017) is just 500m away. And whilst there’s plenty to do and see nearby, for those who wish to travel further afield, there is also easy access to the main routes out of Liverpool via road and public transport. This includes the Lime street train station and the National bus depot which are less than a mile away. The development itself was created by DJP Property, one of the leading developers in the North West, and having brought their 25 years of experience to this project, the result is a stunning array of apartments created to the highest specifications. Phoenix Place sits within a hub of student accommodation and residential apartments, which are part of an ongoing massive redevelopment project within the region. In total, an estimated £200millon is being ploughed into the localvicinity as redevelopment continues over the next two years. Additionally, on the edge of this development is the £150million Jennifer Project which sees the regeneration of a 45 acre site of land. The fact that so much investment is being put into this area makes Phoenix Place an extremely desirable place to live and a thriving place to invest into. Ultimately, in Phoenix Place, DJP Property has created a stylish solution to meeting the rising demand for student accommodation in Liverpool, whilst also providing a perfect investment opportunity.
THE OPPORTUNITY • Purchase a standard studio apartment for £57,950 • Purchase a Standard En-Suite Apartment for £49,950 • Fully managed investment • Six floors of cluster apartments • Communal cluster lounges • Fully fitted kitchens • Clean, classic lines throughout • Contemporary fixtures and fittings • Exceptional local facilities and amenities • Within an area of extensive redevelopment • National rail links just a 10 minute walk away • Walking distance from the city centre • Located next to a large park • Close to a local police station • Next to a new supermarket due to open in 2017 • Three new schools recently built within the local area • Built by the highly reputed DJP Property
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EASE OF PURCHASE Both the studio apartments and en-suite apartments are being sold on a leasehold basis of 250 years. The financials on each style of apartment demonstrate a 9% net rental yield, which will be guaranteed for 5 years.
En-suite Apartments £49,950 • Select your desired en-suite apartment • Complete the reservation form and pay £5,000 deposit • Solicitor instructed, legal documents and sales pack sent out • Exchange contracts within 28 days • 50% of balance to be paid on exchange of contracts • 25% of balance to be paid on structural completion • 25% of balance to be paid on build completion
Studio Apartments £57,950 • Select your desired studio apartment • Complete the reservation form and pay £5,000 deposit
COMMUNAL AREAS
ACCOMMODATION
• Solicitor instructed, legal documents and sales pack sent out • Exchange contracts within 28 days • 50% of balance to be paid on exchange of contracts • 25% of balance to be paid on structural completion • 25% of balance to be paid on build completion
• Reception
• Fully furnished
• Secure fob access
• Functional living space
• CCTV for safety and security
• Bright, contemporary décor
• Full Wi-Fi throughout
• Study areas within each apartment
• Communal Lounge for each cluster
• Apartments arranged in clusters
• Communal kitchen with high gloss units
• High gloss units
• Communal dining areas
• Modern lighting systems
• Large sofas
• En-suite facilities
• Entrance Foyer
• Fitted wardrobe
• Communal gardens
• Carpet/non-slip vinyl throughout
• Laundry
• Walk in Shower
• Lifts to upper floors
• Linoleum flooring
• Disabled access
• Wall tiles to shower & sink splashback
• High specification finish throughout
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WHAT’S NEARBY? 0.6 miles
1 John Moores Byrom Street Campus
0.7 miles
2 Liverpoool Hope University Creative campus
0.8 miles
3 Lime Street Train Station
1.2 miles
4 John Moores Marybone Campus
1.3 miles
5 Liverpool Town Hall
1.6 miles
6 Royal Liverpool University Hospital
PHOENIX PLACE DEVELOPMENT SITE
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PROJECT JENNIFER Project Jennifer is a £150 million mixed use regeneration programme that has been implemented by Liverpool City Council. The plans for this regeneration will see improvements made to 45 acres of land at Great Homer Street, which lies North of Liverpool City centre, next to Iliad Street. The extent of this regeneration project has meant further investment has been drawn to the area, with new residential buildings and retail properties, as well as new schools and improved transport links. Additionally, Sainsbury’s has committed to a 250 year lease on a large supermarket store.
Some of the key highlights of Project Jennifer include: • 80,000 sq. ft. of new retail stores • A new indoor and outdoor market • A new District Centre • 500 new homes • New medical and care facilities • New schools • A petrol filling station • Free car parking spaces • The creation of thousands of jobs
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THE DEVELOPER DJP Property Ltd was formed in 2004 and is based in Liverpool. The Directors have individually over 39 years experience in building and converting prestigious properties throughout the North West of England. The strong management team have over their careers helped to deliver £1 billion of construction projects, including over £170 million of high rise residential projects.
John Watson, Director Founding member of DJP Property Ltd and Nobles Construction Ltd, John graduated from Liverpool JM university with a degree in Construction Management. John has over 36 years experience working in the construction industry working with major clients on high value residential and public sector schemes secured through a wide range of procurement routes.
Peter Scarisbrick, Director Founding member of DJP Properties and Nobles Construction Ltd. Peter graduated from Liverpool JM University with a degree in Quantity Surveying and has over 39 years’ experience as a developer/main contractor working across all the main sectors of the industry including residential, listed refurbishment projects, retail, education and health sectors. He has particular expertise in major design and build schemes having worked with Balfour Beatty Building on major Health schemes up to values of £38 million.
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LIVERPOOL A GREAT PLACE TO LIVE & INVEST Liverpool is a thriving city with a population of nearly 500,000 which includes 50,000 students. Academically it is home to four key educational establishments, with each seeing increasing student numbers enrolling year on year. The City has previously been named as a European Capital of Culture (2008) and as a UNESCO World Heritage City, and it is easy to see why; Liverpool is filled with breath-taking architecture, it has an impressive track record within the arts, and has a wealth of historical and industrial significance visible throughout the city. Today, Liverpool combines its heritage, culture and progressive innovation and technology, to create a prosperous vibrant city and rapidly growing economy.
Liverpool: Home to… • The Beatles • Aintree Racecourse • Two premier league football teams • A top 5 UK retail centre • A major shipping port • The UK’s largest wealth management centre outside London • Europe’s fastest growing airport • The world’s first School of Tropical Medicine • More pop music number 1 hits than any other city • 7 championship golf courses • The largest collection of National museums and galleries outside London
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MANAGEMENT COMPANY Delivering next generation student accommodation USL work with property developers and investors to create fun, secure and high-quality student accommodation for modern students. USL offer a complete, independent, full-service property development and management targetted at the student accommodation and academic and educational sectors. Their aim is to provide cost effective solutions in an uncomplicated manner that will allow their clients to achieve performance, investment return and sustainable quality. USL deliver results across a range of services within the student accommodation and wider educational sector. Their core activities cover agency services (finding properties and end users), technical services (delivering properties) and operational and financial services (managing properties to optimise the potential developments). •
Reception and administrative duties
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Enrolment of student wardens to support site-based teams
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Checking in and out of all students at the beginning and end of tenancies
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Inventory management
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Apartment inspections, deep cleaning, repairs, renewals and redecorations
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Cleaning and maintenance of common areas and shared facilities
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Reservation and contract administration
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Security and emergency management
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Solving students’ occupational needs and issues
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Day-to-day marketing
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Year round contact for investors
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Control of rental voids and bad debts including legal action where
necessary www.urbanstudentlife.com
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STUDENT ACCOMMODATION In recent years, Liverpool has seen rental income grow between 3% and 4%. This has occurred as a result of Liverpool’s high-performing universities attracting more students, whilst there is still an acute lack of suitable student accommodation. On a national level, recent figures have demonstrated returns on student accommodation significantly outperforming returns on commercial property, making student accommodation a very attractive option for investors.
The accommodation requirements for today’s student community include: • A central location • Luxurious, contemporary design • Functional living and study space • Easy access to transport links • Leisure facilities and amenities in close proximity
INTERNATIONAL STUDENTS IN THE UK UCAS have reported over 430,000 international students studying in the UK each year. According to the Council for International Student Affairs, international students account for 19% of the total student population, with this figure rising by 3% in the last academic year and increasing by 22% in the last five years. With this high and increasing number of international students choosing UK universities, there also comes a high and increasing demand for student accommodation.
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PRIVATE SECTOR STUDENT ACCOMMODATION The increase in the level of investment in student accommodation has largely been driven by the consistently high occupancy rates of between 99% and 100%. However, despite these appealing figures, currently only a quarter of the UK’s student population is housed within private sector purpose built student accommodation. This represents supplying a mere 6% of total demand for student accommodation. The majority of students are housed within University owned accommodation which is typically old and underfunded, and often fails to meet the exacting standards of today’s students. Private sector student accommodation however offers superior quality designs and finishes, with modern facilities including Wi-Fi, ensuite bathrooms and well-designed communal spaces. New supply of such accommodation however has been limited by a number of factors including a lack of available funds to create such developments and the restrictions provided by planning regulations. This restricted supply combined with the consistently high demand creates the perfect market for prime investment opportunities.
FAQ’S Am I buying as Freehold or Leasehold?
Am I taxed on this income?
250 years Leasehold.
If you are a UK resident then yes. If you are a ‘nonresident’ in the UK then you are classed as an
What is the address of the site?
‘overseas landlord’ and apply to the HMRC in the UK
Phoenix Place, Iliad Street, Liverpool,
for exemption - the appointed management company
Merseyside, L5 3LU.
will be able to help with this.
When will the building be completed?
Can I resell my unit?
Q3 2018. 5% interest is paid on deposited funds
Yes, you can sell at any time after exchange of contract.
Is there a rental guarantee? Yes, rental guarantee is 9% for five years.
Can I do anything with my apartment? No, each room will be leased back to the management
Why is Private Sector Student Accommodation such an attractive investment? • There is high demand for purpose built student accommodation • There is a low supply of purpose built student accommodation • There are consistently high occupancy rates of 99% or higher • Student rents are paid in advance
Is the sale handled by UK lawyers?
company on a rolling agreement so that the whole
Yes, the designated lawyers for the project are Oliver
building - in its entirety – can be let as student
& Co Solicitors, UK.
accommodation.
Is there a management company already in place?
Are there any restrictions if I want to sell?
Yes, the designated management company for the
Phoenix Place is a commercial development, there are
project is Urban Student Life.
no restrictions when selling on the unit.
When is my rental income paid?
What security do I have when I exchange contracts,
This is paid quarterly in arrears direct into your bank
regarding my funds?
account from completion.
There is a first charge in place, ensuring Investors’ funds are held securely with solicitors.
• There are high net yields available • Properties are fully managed A total of 532,300 people entered UK higher education in 2015, an underlying increase of 3.1% (16,100) on last year and the highest number ever recorded (UCAS’ End of Cycle Report December 2015)
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