NOTTINGHAM
“Forever associated with Robin Hood, Nottingham is a dynamic county capital with big-city aspirations, fascinating historical sights and a buzzing music and club scene thanks to its spirited student population� Lonely Planet, 2015
INTRODUCING MAID MARIAN HOUSE
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Nottingham has the 7th largest GDP per capita in the UK
Maid Marian House is the latest student
fast Wi-Fi and SMART TVs appealing to its
Maid Marian House truly is the ideal student
development on the thriving Nottingham
student demographic. Furthermore, the
hub—this development is perfectly placed,
landscape, providing 94 luxury studio
building’s provision of high-end on-site
situated close to both of Nottingham’s
apartments to the ever-growing student
amenities including a residents-only gym,
popular universities, as well as a host of
market.
cinema room and a perfectly-designed
bars, restaurants, shops and just a stone’s
communal lounge show that Maid Marian
throw from the city’s ample transport links.
Each and every studio apartment in Maid
House has considered its tenants’ every
Marian House has been meticulously
need, making this development the perfect
designed with its residents in mind, with
student destination.
built-in workspaces, high-end appliances,
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INVESTORS RECEIVE 8% RETURNS ASSURED FOR 2 YEARS For further information on this investment contact +44 (0)161 772 1370
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FINANCIAL BREAKDOWN Investment Projections — Studio apartment
INVESTMENT HIGHLIGHTS Highly sought-after location
Purchase price £64,995 Weekly Rent £140 Gross Rent £7,140 Management Fee (6%) £428.40 Maintenance Fee £1,213.80
Close to Nottingham City Centre Within walking distance of Nottingham Trent University
Ground Rent £295 NET Income £5,202.80 NET Yield 8% Investment Projections — Premium Studio Purchase price £67,495
Huge demand from a rising student population High-end communal areas, including lounge and cinema room
Weekly Rent £145 Gross Rent £7,395 Management Fee (6%) £443.70
8% assured NET rental returns for 2 years
Maintenance Fee £1,257.15 Ground Rent £295 NET Income £5,399.15 NET Yield 8%
Maintenance Fee £1,300.50
“Supply of purpose-built student housing in the UK is mainly concentrated in cities where popular Universities are located like Nottingham, Leeds and Liverpool”
Ground Rent £295
JLL
Investment Projections — Superior Studio Purchase price £69,995 Weekly Rent £150 Gross Rent £7,650 Management Fee (6%) £459
NET Income £5,595.50 NET Yield 8%
All figures and floor plans are based on forecasts provided by the dewveloper, are indicative only and are subject to change.
Any financial information provided in this document is intended as a guide and does not constitute a contract.
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35% of students in Nottingham willing to pay a premium for higher quality accommodation Knight Frank, 2015
WHY INVEST IN STUDENT PROPERTY?
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The average student in Nottingham spends on average £182 per week
The student accommodation sector in
student housing—as of 2015, the city only
of Nottingham that its student population
the UK is truly thriving. So far in 2015,
has the capacity for 16,525 student beds
has contributed 34% to the city’s overall
over half a million university applicants
over both the city’s universities, meaning
population growth of 14.5%.
have been enrolled at a UK university.
that a huge 37,000 (69.2%) of students are
Naturally, this has caused demand for
not housed by their respective universities.
student accommodation in highly sought-
Therefore, it is no surprise that student accommodation as an investment asset
after cities to skyrocket, with more and
This has forced students to look elsewhere
is growing from strength to strength.
more students demanding more from
for alternatives, with Knight Frank indicating
Investors are increasingly enamoured with
their university lodgings.
that a huge 35% of students in Nottingham
the low void periods, growing rents and
are willing to pay a premium for high-quality
higher-than-average yields that student
Nottingham (as well as the rest of the UK)
bespoke accommodation. The student
accommodation in Nottingham offers.
is currently suffering from a distinct lack of
market on the whole is so strong in the city
£4.2bn has already been invested in student accommodation in the first 6 months of 2015 Savills, 2015
69.2% of students are not housed by their respective Universities The Complete University Guide, 2015
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LOCATION, EDUCATION, HISTORY & CULTURE
“With 11m visitors to Nottingham annually, the city’s tourism industry accounts for £139m per year” BBC Online
Nottingham is and has always been
Although officially categorised as a city,
in Europe. If this wasn’t enough, the city of
a thriving student city. Home to two
Nottingham feels like a big town—whilst
Nottingham has been named one of the
of the UK’s most popular universities,
enjoying all the amenities that befits its city
best and safest places for a night out in the
Nottingham has a student population in
status, Nottingham has the comfort and
UK for four consecutive years, so students
excess of 54,000, with this figure growing
peaceful ambience of a town. In keeping
can be happy and safe when exploring
every year. With Experian nicknaming
with its homely feel, Nottingham has
everything that the city has to offer.
Nottingham a ‘uniland’, both the city’s top-
always been proud of its stunning fusion of
end higher-education establishments are
heritage and history mixed with a modern,
Nottingham’s award-winning nightlife
so pivotal to the city that it is estimated
cosmopolitan city. Rubbing shoulders
doesn’t even come with a premium—the
that 1 in every 8 residents are students.
with high-end shops and restaurants are
city has recently been voted the UK’s third
an abundance of cultural hotspots, with
most cost-effective student city behind
So what makes Nottingham so popular
the city most famous for being home
Belfast and Southampton, moving up
with its student demographic? As well as
to legendary figure Robin Hood, poet
a massive 17 places from 2014. It is no
hosting University of Nottingham, one of
Lord Byron and novelist D.H. Lawrence,
surprise then that students are flocking
the most oversubscribed universities in the
with references to these famous figures
to Nottingham in their droves, with each
UK, the city also is home to another award-
prominent all around the city.
seeking prime student accommodation
winning institution with Nottingham Trent,
within such a thriving city.
voted the UK’s top post-1992 university by
However, it’s not Nottingham’s culture
The Complete University Guide.
that appeals to its student-oriented populace—as local legend has it, the
In addition to these highly sought-after
city of Nottingham offers a different pub,
institutions, the city of Nottingham also
club, bar or restaurant for every night of
offers an abundance of amenities to
the year, meaning that the city has more
appeal to its student demographic.
nightlife per square mile than any other city
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“The UK’s seventhrichest city, and the mythical home of Robin Hood, has restaurants, shops and pubs to rival many a bigger city” The Times Online
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NOTTINGHAM CITY MAP Nottingham Trent University 7 minute walk (0.4 miles)
Nottingham Playhouse 4 minute walk (0.2 miles)
Intu Victoria Shopping Centre 8 minute walk (0.4 miles)
Nottingham Castle 4 minute walk (0.2 miles)
National Express Bus Station 8 minute walk (0.4 miles)
INTU Broadmarsh Shopping Centre 4 minute walk (0.2 miles)
Nottingham Railway Station 10 minute walk (0.5 miles)
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Royal Concert Hall
G Nottingham oldsmith Street Trent University
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Nottingham Central Library 3 minute walk (0.1 miles)
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The city has more bars, pubs & restaurants per square mile than any in Europe
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INVEST WITH KNIGHT KNOX Knight Knox is a leading provider of buy-to-let developments to the private investor market. Specialists at sourcing investment opportunities, Knight Knox’s expansive portfolio of both completed and future stock is testament to the quality of the products we bring to market. To date, we have:
Projects launched
55
Projects successfully delivered
30
Total value of all projects launched
ÂŁ427 + Million
Working together with four highly experienced developers, we have a track record that speaks for itself, in the form of prime new-built residential buy-to-let apartments and high-yielding student accommodation projects in major cities throughout the UK. Now employing over 50 members of staff, we will guide you through the whole lifecycle of your investment: Specialised sales and agents teams will help you choose and purchase the perfect property for you, whilst a dedicated after sales team will support you through the rest of the process. For further information please visit www.knightknox.com or call +44 (0)161 772 1370.
For further information on this investment contact +44 (0)161 772 1370
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30.1% of buyers go on to purchase again with Knight Knox
“I have bought four properties through Knight Knox over the years, and am more than happy with each of them. The purchase process was extremely straightforward and any problems or queries I had were dealt with within 48 hours, which gave me a huge amount of confidence in both the investments and the company.� Mr P. T. Hope Knight Knox Investor
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FORTIS DEVELOPMENTS Fortis Developments Ltd is one of the fastest growing
It is their objective to create highly sought after developments in
development companies in the UK. The company was created to
growing markets around the UK.
provide luxury developments, achieving the growing standards in the marketplace. Firmly established at the forefront of the industry, Fortis Developments is now one of the most experienced and extensive developers of student accommodation, luxury apartments and regeneration schemes in the UK. They undertake luxury student accommodation and regeneration projects in prime locations at key university sites nationwide. Along with their careful choice of locations, the cornerstones of Fortis’
“Our flat in Rede House was lovely and bigger than I had expected. It was very good to see and the facilities will be amazing—Lucky students!” Julia Robson Fortis investor
success have been a combination of creativity and functionality.
Previous residential developments from Fortis Merebank Court Liverpool Devonshire House Birmingham
East Point Leeds Adelphi Wharf Manchester
Stanley Court Liverpool Bridgewater Point Manchester
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Fortis have completed 16 developments to date
Adelphi Wharf - Salford - In construction
Bridgewater Point - Salford - New launch
A stunning mix of studio to three-bed apartments set against the backdrop of Salford’s River Irwell and will provide prime waterfront living.
Bridgewater Point is the newest addition to the Salford landscape, seeking to add 220 stunning new apartments to the prime rental market in the area.
*Correct as of time of printing (September 2015)
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FORTIS STUDENT LIVING Fortis Student Living is a dedicated lettings and management company focussed on providing top-quality service to the student accommodation sector. This bespoke management company is well-versed in the needs and wants of modern students, so as such are perfectly placed to provide the best possible level of service throughout the students’ occupancy. Fortis Student Living has an extensive portfolio of fully let and managed student properties that spans the length and breadth of the UK. From high-end student developments in Glasgow and Sunderland to luxury restoration projects in Chester, Sheffield and Newcastle, Fortis Student Living has gained a reputation for providing quality and much-needed student accommodation in
“This is my second year in Dunn House and I have to admit, it is maybe the best place to live! Colourful, modern and comfortable rooms, fullyequipped kitchens and most importantly - all bills are included! It is close to everything. It is 10-20 minutes’ walk from both university campuses and very close to the city centre. I would recommend Dunn House to anyone who wants to have an unforgettable stay in Sunderland!”
Maria Sofianidou, Student at Dunn House
some of the UK’s top student cities.
Previous student developments from Fortis Dunn House Sunderland Bard House Nottingham Central House Glasgow St. Andrew’s Court Glasgow Minerva House Nottingham
All Saints Sunderland Rede House Middlesbrough Robert Owen House Glasgow Burgess House Newcastle Chronicle House Chester
Sovereign House Sheffield Newbank House Sheffield Avalon Court Nottingham
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Fortis Student Living have a portfolio of over 1600 student Beds
Avalon Court - Nottingham Sold Out & Tenanted
Sovereign House - Sheffield Sold Out & 100% Tenanted
Nottingham’s newest student accommodation development
A 178-unit student accommodation development in the heart of
will house 95 luxury apartments in a city with a huge student
Sheffield, including on-site entertainment lounge and private gym.
population.
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YOUR QUESTIONS ANSWERED
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A completely hassle-free, hands-off investment – why look anywhere else?
Am I buying as freehold or leasehold?
When is my rental income paid?
250 years leasehold
account from completion
What is the address of the site? Maid Marian House, Maid Marian Way,
Is there a management company in place?
Nottingham, NG1 6BJ
Yes, the designated management company
Quarterly in arrears, direct into your bank
will be Fortis Students, who will let and
Are there tenants already in place?
block manage the building in its entirety
HOW DO I INVEST?
No, Maid Marian House is a high-end conversion project
How much is the ground rent? Ground rent is ÂŁ295 per annum
What are the projected annual returns on this project? 8% assured NET returns for 2 years
Are there any restrictions if I want to sell? No, you are free to sell your apartment on the open market.
How to invest in Maid Marian House 1. Speak to your designated property consultant 2. Choose your apartment and pay the deposit to secure your studio 3. Both sets of solicitors are instructed, and the legal documents and sales pack is sent out 4. 50% of the balance is payable upon exchange of contracts 5. 50% of the balance is payable on completion
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Market Leaders in Worldwide Property Investment www.knightknox.com +44 (0)161 772 1370
The information contained within this document is intended 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. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing.
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