Clyde House Glasgow
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Investment Highlights
Clyde House
Glasgow has been named “The Highest Yielding Destination for Student Property�
Let and managed by PRIMO Property Management
Zoopla, 2013
9%
Assured NET rental yields for the first two years
Huge demand for purpose-built student accommodation in Glasgow
10th project to be launched by Forshaw Group
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Knight Knox International
Buy with confidence. . .
12 completed developments in our portfolio, all 100% let A market leader in the UK buy-to-let sector, over the past 18 months, Knight Knox International has launched 20+ developments onto the UK market, totalling more than 2,500 units at a value in excess of ÂŁ156million.
10th Exclusive development through Forshaw Group With reports that 1/3 of the population will be a private tenant by the year 2020, it is little wonder that the buy-to-let market in the UK is thriving, leading to an influx of investment into prime regional markets that will alleviate the strain on the local housing markets. By forging strong relationships with a select number of developers, we work in partnership with them on their projects and, as such, are able to provide our investors exclusive access to prime developments across the country. Only sourcing projects in areas with a high, sustainable rental demand, we are delighted to introduce our latest investment in Glasgow – Clyde House!
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Student Accommodation
The UK's leading asset class!
‘The student accommodation sector has produced positive rental growth throughout every year of the economic downturn’, so says leading property consultancy Knight Frank in its 2014 Student Property Insight Report. This ever-present demand for a British education shows no sign of waning. Whilst applications dipped slightly with the rise of tuition fees in 2012, there are still approximately 14 applications for every university place and all core markets remain structurally undersupplied in regards to Purpose Built Student Accommodation (PBSA). The perfect addition to any investment portfolio, PBSA acts like a commercial property, given that it is a yield-driven investment which relies on low void periods. With an increasing number of councils encouraging the introduction of PBSA as a way to alleviate the strain on local housing, in addition to students demanding accommodation which is inclusive of rent, communal facilities and Wi-Fi, the market shows no sign of slowing any time soon.
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540,000 The student accommodation sector produced positive rental growth through every year of the economic downturn (Knight Frank Student Property Insight 2014)
The increased amount of students in HE between 1999-2012, representing a 49% increse (HESA Statistics 2013)
Amount of rental growth projected in 2013/14 (Savills Spotlight on Student Housing , Summer 2013)
Student Property continues to out-perform other property asset class, in the year to September 2013 (Knight Frank Student Property Insight 2014)
3% www.knightknox.com
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Clyde House
Why invest?
A beautiful period building facing the River Clyde, Clyde House is destined to be Glasgow’s premier student destination. Adjacent to The People’s Palace and Winter Garden (Glasgow’s largest park) and within walking distance of the city centre, this five-storey residence is the perfect solution to Glasgow’s shortage of student housing. Brought to market by the developer behind such successful projects as St. Ann’s Lodge and Nelson Square, students living at Clyde House will have access to a host of communal facilities including; a communal lounge, games rooms, fully equipped gymnasium, secure bicycle storage and laundry room, in addition to an on-site management office, which will be manned by PRIMO Property Management Staff, who will manage and let the building. Containing 90 en-suite studios, there is a choice of three different investment options; Standard, Superior and Deluxe rooms, to allow for varying levels of investment.
9%
Assured NET rental yields for the first two years
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+44 (0)161 772 1370
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Glasgow
Locations information. . . Sauch
iehall
Street
Distance to Glasgow Destinations 1. St Enoch Shopping Centre |
7 minutes
2. Argyle Street Train Station |
8 minutes
B
3. Citizens Theatre |
8 minutes
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4. Glasgow Central Train Station | 15 minutes 5. Sports Ground |
18 minutes
Distance to Major Cities Edinburgh |
47 miles
Manchester |
216 miles
Dublin |
245 miles
London |
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404 miles
West G raham
M8
Street
Glasgow Necropolis
Bath S treet
Georg
e Stree
4
t
Duke S treet
A8
2
1
Argyle Street
Clyde House Riv er C
Gallowgate
lyd
e
3
Glasgow Green
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What the city has to offer Scotland’s largest city and its largest urban economy, Glasgow generates almost £17billion gross value added each year and is one of the fastest growing cities in the UK. Identified as the highest-yielding destination for student accommodation investment by Zoopla in 2013, Glasgow is very firmly on the radar of anyone seeking a profitable addition to their property portfolio. Identified as having a strong demand for student accommodation by Savills, there are currently only 6,014 university-owned student beds, for more than 45,000 students, Glasgow is the perfect destination for our latest student residence – Clyde House.
45,000 The number of students in Glasgow
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Only 7,102 university-owned student beds for the whole population of students Demand for accommodation severely outstrips supply
Glasgow has been identified as having a strong demand for student accommodation Savills, 2013
2014 Glasgow has been named “The Highest Yielding Destination for Student Property� Zoopla, 2013
The year in which Glasgow is set to hold the Commonwealth Games
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Financial Breakdown
All about the number.s
Clyde House offers investors three different levels of entry, depending on their individual requirements. The building contains 90 studios spread over five floors and, with a 9% rental assurance in place for the first two years and a verified demand for student accommodation in the immediate area, these units are certain to generate a huge amount of interest from anyone looking to expand their property portfolio.
NET Yield 9.13%
Purchase Price £57,500 Year 3 projection
NET Income £5,250
Maitenance Fee £850
Management Fee £530
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All figures are based on forecasts provided by the developer and are subject to change. Any financial www.knightknox.com information provided in this document is intended as a guide and does not constitute a contract.15
What you need to know
The Purchase Process & FAQ's
Investing through Knight Knox International is a quick and easy process, simply;
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Speak to a Knight Knox Property Consultant
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Choose your unit
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Complete the reservation form and pay the deposit
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Solicitor instructed, legal documents and sales pack sent out
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50% of balance to be paid on exchange of contracts, within 21 days
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Remaining balance due on completion of building
Contact a property consultant today to reserve the best unit! Tel: +44 (0)161 772 1370
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+44 (0)161 772 1370
Am I buying as freehold or leasehold? This is a freehold development
What is the address of the site? Clyde House, 14 Clyde St, Glasgow, G1 5JH
Are there tennants already in place? No, Clyde House is a refurbishment of a period building
What are the projected annual returns? Returns of 9% are assured for the first two years
Can I receive finance on this development? There is currently no finance offered by the developer
When is my rental income paid? Quarterley in arrears, direct into your bank account from completion
Is there a management company in place? Yes, the designated management company will be PRIMO Property Management
Can i re-sell my unit? Yes, you can sell at any time after exchange of contract
Are there any restrictions if i want to sell? Yes, the room has to be sold as student accommodtion
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Developer Portfolio
Forshaw Group
FORSHAW GROUP Specialists in creating new-build residential and boutique student accommodation schemes, our joint portfolio boasts a long history of commercial and mixed-use projects, under the individual umbrellas of experienced developers, Hamilton Black and Forshaw Land. Innovative in both our style and vision, the passion imbued by the team in each and every project is evident in all Forshaw Group developments, allowing us to treat our clients with a personal touch, that can be easily lost in a larger firm. Breathing new life into the old buildings we fall in love with, we relish the challenge of transforming an existing unused space into somewhere for people to live or work... from an old church to a Victorian prison, a former hotel to a Victorian brewery. We also love to build from scratch and when we do it is with the same careful thought and flair that goes into our conversion projects. Our schemes always centre around the end user, utilising the best materials and the highest standards of workmanship. We professionally manage our entire portfolio of student and residential developments through our sister company PRIMO Property Management. PRIMO is a fully fledged ANUK approved management company that goes beyond the management of physical buildings. PRIMO also caters for the learning needs of students through EdYOUcate, a virtual learning environment available exclusively in PRIMO student properties.
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+44 (0)161 772 1370
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www.knightknox.com | +44 (0)161 772 1370
Knight Knox International provides the information contained within this document as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending investor must satisfy themselves as to the correctness of any of the statements, plans or images contained within.
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Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing. +44 (0)161 772 1370 V30514