Scholar's village student property brochure

Page 1

EI PH AS

8-10% NET

FIXED INCOME FOR 10 YEARS

Scholar's Village: real photos of property

Scholar’s Village Phase I Fully Operational UK Student Property | Immediate Income

Investor Report


W NE S IO UD ST

Key Investment Highlights:

W NO

Immediate Income Contracted Yield Increases: 9% (Year 3), 10% (Year 5)

Our Second

Award Winning Developer

LE

B LA AI AV

8-10% NET Fixed Returns for10 Years

Student Property in Bradford's Learning Quarter

Fully Flexible ResaleOptions Full 250-Year LeaseholdOwnership Available from ÂŁ46,950

Key Development Points: PHASE I

Fully Operational Student Property

Now Available 120 En-Suites & 7 Studios

Quality En-Suites & Studios Proven Income Generation Excellent Range of Facilities Located Within a Pleasant & PrivateComplex Two-Minute Walk fromCampus Professional Onsite Management Team

Real photo of student property

2


P RESE NT ING A well established and professionally managed student property, situated just a two-minute walk from the main university campus within the city's ÂŁ750m Learning Quarter.

David Hockney Building (Learning Quarter)

3


THE OVERVIEW

5

THE LOCATION

6-12

THE PROPERTY

13-15

THE FINANCIALS

16-18

THE TEAM

19-28

INFOR MED I NVEST I NG Our vision is to help you to tap into the enormous potential of yield-driven UK property

4


THE OVERVIEW

Investment Summary THIS IS THE

Scholar's Village is our second student development within Bradford's Learning Quarter. Purpose built in 2006, it is a popular accommodation option in this thriving regional city.

16

th

STUDENT PROPERTY With Our Award Winning Developer

Its prime location within the city's designated education zone makes it a great base for students. The central university hub isjust 120 metres away , while residents can also take advantage of all nearby city centre amenities. Our modern purpose built property sits within pleasant a and private 1.65-acre site . Students benefit from excellent onsite facilities that include a gym, lounge and games room, and can choose between quality en-suites and studios.

PROVEN INCOME GENERATION

Student Safe Spot

Fully Managed by Mezzino

Buyers receive immediate 8% N ET returns , a 10-year fixed income period and contracted yield increases in year 3 (9% NET) and year 5 (10%NET). You will have no additional running costs throughout this period, and your interests are aligned with the developer, providing enhanced security and flexible resale options.

Real Photo of Games Room

5


THE LOCATION

Introduction toBradford The Broadway Shopping Centre

Excellent Transport Connectivity

T Bradford sits at the heart of the UK, with excellent motorway links to the rest of the country. The Leeds Bradford International Airport provides three daily flights to London, andManchester is just an hour away by train.

Fast Growing Economy

population. It has38,000 students , with the university planning for a 30% increase in numbers by 2024.

Large Student Population

Extensive investment has seen Bradford’s economy grow faster than the national average since 2008, with a further leap projected in 2016. New developments include the£260m Broadway Shopping Centre and multi-award winningCity Park. The city centre is experiencing an impressive£1.5bn transformation . This is already underway, and will see the creation of new public spaces, water features, improved transport links and restored historic architecture. Bradford is also one of the UK’s greenest cities, with half of the district made up of public parks and green spaces.

£1.5Bn City Centre Transformation Underway

Bradford City Hall

6


THE LOCATION

Bradford in Numbers Key Facts

Economy

Academia

5th

£8.3bn

Global Top 100

Biggest City in England

Bradford’s Economy

Business School (Financial Times)

5th

£9.6bn

4th

Fastest Growing UK Population (O National Statistics)

Value of Economy by End 2016

Home to the UK's Fourth LargestCollege

38,000

50% Growth

£120m

Finance & Business Sector by 2022

Campus Investment in Last Decade

£1.5bn

30%

City Centre Transformation Fund

Projected Growth in University Population (University Strategy 2015-2025)

Large Student Population

£750m Dedicated Learning Quarter

4

th

Top UK Housing Hotspot (HouseSimple 2015)

Bradford City Square

£525m Invested in Public Spaces (2014)

Top 20 Nationally Respected for Graduate Employability

7


THE LOCATION

The University ofBradford

University of Bradford

Most Improved for Student Experience Bradford is one of a very small number of research-intensive universities in the UK. Its key strength lies in the provision of accredited professional and vocational courses, with outstanding graduate employability. The university hasinvested over £120m in facilities over the last decade and its global reputation continues to grow. This will enable Bradford to increase student numbers by 30% over the next decade. It has jumped 30 places in theComplete University Guide over the last three years, making it one of the fastest climbers of any UK institution. It also achieved the highest rise in rankings of any UK university in the 2015 Student Experience Survey (THE). The Financial Times ranks Bradford’s Business School 11th in the UK and 42nd in Europe.Many of its courses are in the Global Top 100 and it holds the coveted Triple Accreditation Crown (AACSB, EQUIS, AMBA).

Winner of the Coveted Triple Crown of Accreditations

The government passed legislation to open up a further 30,000 student places at UK universities in 2014. In 2015 this number had no limit, a move that resulted in a 2.1% increase in total intake for the 2015/16 academic year andrecord student numbers . Bradford University’s impressive investment initiatives are evidence that it is adapting effectively to the demand-driven system that came into effect with the deregulation of national student acceptance levels.

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THE LOCATION

Bradford’s Learning Quarter £750 Million Integrated University & College Development Bradford’s Learning Quarter is home to both University of Bradford and Bradford College, and was developed in partnership with the Bradford Metropolitan DistrictCouncil. Designed to provide a centre of excellence through design, education and innovation, this £750 million development will underpin the future development plans of these two institutions. This includes the 30% student population growth outlined in the university’s 2015 development plan.

Securing Sustained Demand This established investment base within the city's educational sector provides enhanced security to buyers of local student property. This is especially true of Scholar's Village, which is situated within this designated area.

Scholar's Village is Located Within Bradford's Learning Quarter

This Location Ensures Sustained Demand for Rooms

Bradford College

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THE LOCATION

Why Choose Bradford? THE BASICS

Strong motorway infrastructure provides excellent national transport access

36 trains daily travelling from London KingsCross to Bradford

THE HOUSING SECTOR

The city serves a large catchment population of919,391

Top Four UK Property Hotspot forNext Decade (HouseSimple 2015)

17.6% Student Access to Purpose Built Accommodation

Removal of national university intake restrictions catalysed record student numbers in 2015

THE INVESTMENT

Properties outside of London are able to achieve far higher yields

38,000-strong student community: 30% university population growth by 2024

Leading UK city for overseas students – a key demographic for purpose built accommodation

Prime location in Bradford's ÂŁ750 million multi-institution Learning Quarter

Residents benefit from a wealth of onsite facilities and local amenities

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THE LOCATION

Prime Spot in Learning Quarter

The Broadway Shopping Centre

Scholar’s Village sits within Bradford's £750m Learning Quarter, just a two-minute walk from the main university campus. Residents also benefit from being a short stroll away from the cinemas, theatres

D Bradford College

and museums that make up the bustling city centre. Sainsbury’s Supermarket

On top of this, there is a wealth of convenient amenities right on the doorstep. Sainsbury’s supermarket is just down the road, and there are several nearby restaurants, bars and cafes that are popular student hangouts.

A

C

City Park

Alhambra Theatre

B

National Media Museum

University of Bradford

Railway Station

Bradford Ice Arena

Scholar’s Village

Adjacent to University Campus Short Walk to City Centre On-the-Doorstep Amenities

Learning Quarter City Centre University Campuses

Distances to Key Locations from Scholar's Village

On Foot

By Bike

G

University of Bradford

Sainsbury’s Supermarket

Bradford College

City Centre

2 minutes

7 minutes

9 minutes

11 minutes

A

B

C

1 minute

2 minutes

3 minutes

University of Leicester

City Park

Railway Station

15 minutes

21 minutes

D 6 minutes

7 minutes

9 minutes


THE LOCATION

A Critically Undersupplied City

Local Provision of Purpose Built Student Accommodation The University of Bradford owns 1,051 purpose built bed spaces, with a further 3,105 private purpose built student rooms.

Accommodation Supply Far Below UK Average Bradford University has a total student population of 13,620. This is enhanced by the UK’s 4th largest college, which sits adjacent to the university’s city campus and boasts a population of approximately 25,000 students. Only around 60% of students at BradfordCollege are from the city itself, with 28% coming from other UK cities and EU countries, and 12% from outside the EUO( Fair Access). This means that the total number of students requiring accommodation in the city is approximately 23,620.

University plans for30% population growth by 2024 will further stretch the82.4% property supply shortfall .

This means that there are currently only 4,156 purpose built student rooms to accommodate a demand of almostsix times this figure.

Critical Undersupply of Student Rooms

23,620 Total Students Requiring Accommodation

4,156 Total PBSA

17.6% Percentage Supply

Supply Shortfall of 82.4% ( 19,464)

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THE PROPERTY

Why Scholar's Village Will Be Popular With Students

Excellent Onsite Facilities Enhance Student Experience

Scholar’s Village boasts an excellent range of facilities that distinguish it from other purpose built and residential properties available locally. These include a gym and games room, as well as parking and secure bike storage, all within apleasant and secure green compound. Crucially, the property is located just atwo-minute walk from the city's university. Students regularly stress the importance of living close to campus, and this excellent location means that residents are just a stone’s throw from their lectures, the students' union and a range of other facilities integral to daily life. These features explain why Scholar’s Village has been a popular accommodation option since 2006. We are also installing our partner management company, who are alreadywell established locally . Their expertise and recognised brand help to further maximise occupancy levels.

Real Photo of Gym

Car Parking

Gym

Bike Lockup

Sky TV

High Speed Wi–Fi

Games Room

Onsite Property

Advanced Security

Management

Systems

Residents have a hassle-free lifestyle in a student safe zone, with budgetary pressures relieved by all-inclusive bills, and all maintenance and housekeeping handled by the management team.

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THE PROPERTY

Floor Plan: Ground Floor

Ground Floor

A

KITCHEN

B

Ground Floor

E4

C

D

E

F

A

B

E1

C

D

E

F

STORE

STORE

KITCHEN STORE

WC STORE

KITCHEN F

E

D

C

B

E A

Ground Floor

E3

D

C

B

A

KITCHEN

F

Ground Floor

E2

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THE PROPERTY

Floor Plan: First, Second, Third and Fourth Floors

A

KITCHEN

Fourth Floor

E20

Fourth Floor

E17

Third Floor

E16

Third Floor

E13

Second Floor

E12

Second Floor

E9

First Floor

E8

First Floor

E5

B

C

D

E

F

A

B

C

D

E

F

STORE

STORE

KITCHEN STORE STORE

KITCHEN F

E

D

C

B

E A

D

C

B

A

KITCHEN

F

First Floor

E7

First Floor

E6

Second Floor

E11

Second Floor

E10

Third Floor

E15

Third Floor

E14

Fourth Floor

E19

Fourth Floor

E18

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Alhambra Theatre

THE FINANCIALS

Financial Overview

Immediate Income 8-10% NET Fixed Yields for 10 Years

Example of a Spacious Student En-Suite

8%

8%

9%

9%

10 %

10 %

10 %

10 %

10 %

10 %

(Purchased for £46,950, units available from £46,950 to £79,950)

Purchase

Costs

£0

Management Fees Purchase Price

Operations

Service Charge

£0

Ground Rent

£46,950

Every Year for 10 Years

8% NET Fixed (Years 1-2)

£3,756

9% NET Fixed (Years 3-4)

£4,225.50

10% NET Fixed (years 5-10)

£0

£4,695

Management Fees

£0

Service Charge Fee

£0

Ground Rent Fee

£0

The 8-10% NET Fixed Yields for 10 Years enables buyers to earn a hassle free income, while still maintaining complete control over capital.

Income paid quarterly in arrears

With the onsite management company highly experienced and incentivised by a performance-based contract that

Priced from £46,950

Incentivised management company

buyers can simply wait for the income to arrive in their bank accounts each quarter.

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THE FINANCIALS

Hassle Free Income Buyers receive 8-10%NET fixed income each year, with no involvement in property management. Unlike other property forms, the buyer is not responsible for sustaining the quality of facilities, maintaining high occupancy levels, chasing up late rental payments and so forth. This means that they benefit from a completely hassle free and reliable income stream arriving into their accounts quarterly in arrears.

Buyer Protection Throughout Fixed Income Period

Scholar's Village: Large & Secure Green Compound

Payment Schedule ÂŁ5,000 reservation deposit

Professional onsite management responsible for every operational aspect of the development

Balance within four weeks of exchange of contracts (minus deposit)

Contracts underwritten by established company

Income is paid quarterly in arrears and begins immediately on the exchange of contracts

Fixed income paid directly into bank account quarterly in arrears Fully flexible resale options

Buyers receive 8%NET (years 1-2), 9% NET (years 3-4) and 10% NET (years 5-10)

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THE FINANCIALS

Ready Made Resale Options The resale value of student property is based on its ability to generate income. With 8-10% NET fixed income for 10 years, buyers benefit from full flexibility regarding the timing of their resale and strong yield-driven capital growth. You can choose to sell at the top, middle or bottom end of the market (7-10%), with this decision determining your profit at resale and the speed of sale.

Resale of a student en-suite (Purchased at Scholar's Village for £46,950)

40%

Even with 40% capital growth - and proven - returns:

7.14% NET

Remember, you choose when to resell – Emerging Property have an excellent track record assisting with resale, with a steady stream of potential buyers. These terms make our fully operational properties Fixed yields for new buyer

Capital growth

Your profit at resale

Resale price (£)

Fixed annual income for new buyer

0%

£0

£46,950

£4,695

10.0% NET income

10%

£4,695

£51,645

£4,695

9.09% NET income

20%

£9,390

£56,340

£4,695

8.33% N ET income

30%

£14,085

£61,035

£4,695

7.69% NET income

40%

£18,780

£65,730

£4,695

7.14% NET income

properties sold by other developers.

Remember, you choose when to resell. Emerging Property are more than happy to assist with resale at any time.

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THE TEAM

Award Winning Developer We are the exclusive master agent of an award winning developer that has beenoperating since 2001 . They are a Top 400 Residential Build Company and all their new build properties are protected by a10-year RICS structural warranty . They entered the student property sector in its infancy and have developed arobust business model that provides secure high yields.Our partnership now extends across16 student developments , as well as one large development of luxury serviced apartments. Together, we carefully handpick selected locations in key undersupplied UK cities. With ample experience, each of their developments is designed to meet the needs of the modern student and includes excellent facilities throughout.

Established in 2001

National Award for Build Quality

Top 400 Residential Build Company

Half a Decade’s Experience in Student Sector

Proven Track Record

Fully Managed Properties

All contracts are tied directly to the developer and asset backed. There areno third party shell companies.

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THE TEAM

Fully Operational Properties Secure & High Yielding We currently haveseven fully operational UK student properties - these have all provided 8-10%NET yields on schedule to our investors. Additionally, the first two phases of our Westbeach Serviced Apartments have been fully operational since 2013 and 2015, respectively, again providing double-digit NET yields .

The Foundry (Phase I)

Westbeach (Phases I & II)

Park Lane House

Scholar’s Court

Established Student Property

New Build Luxury Serviced Apartments

New Build Student Property

Established Student Property

Buyers Received Immediate Income

All Buyers Have Received Their Income As Expected

10-Year Independent RICS Structural Warranty

Buyers Received Immediate Income

Average Income of £24k/unit in Year 1

• 112 Units: En-Suites Proven Delivery of Sector-Leading Returns

III L E SE L AB A I PH AVA W NO

& Studios • 100% Occupied Since Opening • Providing 8% NET Income to Buyers Since March 2015

Apartments 48

• 100% Occupied Since Opening

En-Suites 120

• 100% Occupied Since Opening

• Providing High NET

• Providing 10% NET

Income to Buyers

Income to Buyers

Since 2013

Since May 2015

• 199 En-Suites, 17 Studios • Located in Designated Learning Quarter • Providing 8% NET Income to Buyers Since March 2016

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THE TEAM

Fully Operational Properties Key Undersupplied Cities Our student developments are located in key regional cities across the UK. These locations have large student populations and a supply of accommodation that sits well below the national average. It is this feature of the student sector that has made it theUK’s best performing asset since 2011, with high occupancy levels translating into reliable high returns for our buyers.

Norfolk Street

The Box

College Street Village

Pre-Tenanted

Converted Student Property

Established Student Property

Converted Student Property

Converted Student Property

Rented Out During Difficult Springtime Period

En-Suites 50

• 100% Occupied

Buyers Received Immediate Income

student 40 units

100% Occupied

Since Opening • Providing 10% NET Income to Buyers Since April 2014

Since Opening •

Buyers Received Immediate Income

En-Suites 24

• 100% Occupied Since Opening

Buyers Received Immediate Income

• 16 Units Across Three Apartments • 100% Occupied Since Opening

Providing 8% NET

• Providing 10% NET

Income to Buyers Since

Income to Buyers

• Providing 10% NET

Since August 2014

Income to Buyers

April 2016

Since May 2015

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THE TEAM

DevelopmentsCurrently UnderConstruction Robust Buyer Security Our proven business model has enabled us to provide properties with sector leading10% NET income fixed for 10 years – rising to 12% for our Westbeach Serviced Apartments (see page 21). With contracts aligned directly to this established company, buyers will always receive their yields as expected. A range of payment options means that many buyers are already receiving their returns alongside regular construction updates. The 10-year structural warranties ensure that the quality of construction on all new builds exceeds UK standards.

All on Target forEarly Completion

The Foundry (Phase II)

Tudor Studios

Jubilee Court

Durham House

New Build Student Property

Converted Student Property

New Build Student Property

Converted Student Property

• Extension to Established Accommodation • 10% NET Fixed Income for 10 Years • Income will Begin October 2017

• Restoring Grade II Listed Façade • 10% NET Fixed Income for 10 Years • Income will Begin October 2016

• Adjacent to Impressive Campus Transformation • 10% NET Fixed Income for 10 Years • Income will Begin September 2016

• Closest Private Student Accommodation to Campus • 10% NET Fixed Income for 10 Years • Income will Begin August 2016

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THE TEAM

Featured Properties AvailableNow Fully Managed –

PH

Hassle Free Returns

AS

EI

II

Buyer Interests

The Chapel

Westbeach

Student Property

Luxury Beachside Serviced Apartments

Student property has been recognised as the UK’s top

Serviced apartments are currently the fastest growing

performing asset since 2011. This property sits just 320

hospitality sector, with demand far outstripping supply .

metres from the university, and has been fully tenanted for

Westbeach is located in the UK’s most popular tourist region,

over a decade, a result of a housing shortage that forces many

and the development’s prime location and excellent

students into accommodation 2 hours away in Lancaster.

facilities ensure its popularity among visitors to Westward Ho!

• •

10-12% NET Income Fixed for 10 Years

Immediate and automatic income

Proven Returns from Operational Phases

80% undersupply of student accommodation

Redeveloped Seafront Opened in 2016

Proven demand since 2006

TripAdvisor Centre for Excellence

Additional Summer Income from Seasonal Workers

Available from £160,000

8-10% NET fixed yields for 10 years

Aligned with Freeholder

Yield-Driven Capital Growth

Fully Flexible Resale Options

Discover More | View TheChapel Online

Discover More | View WestbeachOnline

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THE TEAM

Quality Onsite Management

Mezzino: Meet Your Management Team

Professional management is central to the attraction of a purpose built student property, ensuring that it remains a high yielding and passive investment form. The onsite property management company ensure occupancy, sustain the high standards of the property and enable buyers to receive a completely hassle freeNET income. The interests of the management company are fully aligned with buyers, being incentivised to ensure 100% occupancy and secure rental yield growth.

Mezzino is a professional property management company, specialising in the management of purpose built student accommodation. Established in 2010, they manage over1,800 student rooms across the UK and are responsible for the collection of over ÂŁ9m in rent from a property portfolio with a total value in excess of ÂŁ80m.

Mezzino manage both our student properties in Bradford, ensuring beneficial economies of scale that drive down operational costs.

Scholar's Court: Our Second Bradford Property

Mezzino has established advanced marketing strategies and is rolling out its brand across the country. This helps to secure high demand from students, ensuring maximum occupancy and catalysing positive rental growth. Mezzino are accredited to the following organisations:

ANUK Accredited

RICS Accredited

www.anuk.org.uk

www.rics.org

National Code Accredited www.nationalcode.org

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Next Steps...

Talk with us today Your Questions Answered View Floor Plans – check availability Reserve a Unit

Level 3, North Block Wisma Selangor Dredging, 142D Jalan Ampang, 50450 Kuala Lumpur, Malaysia

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