Est 1863 Manchester
The Queen’s Brewery
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Knight Knox International
“I have just completed my third purchase with Knight Knox and am once again impressed by the clarity of information, post-sales service and continuous support received. No number of questions are too many and responses to queries are instantaneous.� Mr K. Elahi, Qatar
A market leader in the UK buy-to-let sector, Knight Knox International has launched 35+ developments onto the UK market, totalling more than 3,000 units at a value in excess of ÂŁ195million.
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.
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.
Knight Knox International has launched over 35 developments in the UK, totalling more than 3,000 units at a value in excess of ÂŁ195 million
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The History
of The Queens Brewery
The Queen’s Brewery was built in 1861
Closing its doors in 2012, The Queen’s Brewery served Hydes for over 100 years. Yet the 2.6 acre site was not originally intended for them. Queen’s was initially built to serve another family; the Greatorex’s, who stayed at the brewery for over 35 years.
However, across the city a new family of brewers were on the rise, the Hydes’ family. The brewers had been open for business since 1863 in breweries across Manchester, but now their eyes were firmly fixed on a new home.
Their dreams were realised in the dying embers of the 19th century when, in 1899, they moved into the The Queen’s Brewery. The arrival of Hydes at their new HQ coincided with what was an exciting period for the city of Manchester.
The industrial revolution had already transformed Manchester into one of the UK’s major cities and new industries continued to move into the city, including flour milling, biscuits and breakfast cereals. Manchester had also begun to make new strides in education, with the John Rylands library opening in 1900, almost 100 years before the opening of the newly merged University of Manchester.
A wide variety of beers began to be brewed at Queen’s including Hydes’ own cask conditioned ales, as well as household names such as Boddingtons and O’Finnegans, supplying over 50 Hydes owned pubs across the North West.
Hydes became such a prominent brewer that it would soon hold tours on the premises. People would travel from all quarters to walk around the historic site, viewing the casks, barrels and hoppers and ending the tour in the brewery bar.
The last barrel was to be rolled out in late 2012 and the building at the centre of Hyde’s history would brew no more.
However, even though the brewery is now being turned into residential apartments, much of its historic prowess will remain. The Queen’s Brewery is a Grade II listed building and beautiful features such as the romantic clock tower will remain in the building. The striking exterior of the building will also remain, making it a stand-out property in the area.
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The Queen’s Brewery
An historic brewery which became a landmark of the city and served as the headquarters for legendary Manchester brewers Hydes for over 100 years, The Queen’s Brewery sadly closed its doors for the final time in 2012, leaving this beautiful period building to stand empty and abandoned; a stark reminder of Manchester’s industrial past.
Fast-forward two years and a new generation is now set to be exposed to the hand fed hoppers and romantic clock tower which marks the former Victorian brewery’s history, as new life is breathed into the building through a refined conversion which will see it transformed into high quality residential accommodation.
A conversion project with part new-build, The Queen’s Brewery will be comprised of 1, 2 and 3-bed apartments, in addition to providing private bicycle storage and parking, whilst retaining the unique Victorian architectural features which helped it earn its valued status as a Grade II listed building.
The perfect location for young professionals in the area, The Queen’s Brewery is just 1.2 miles from Manchester city centre, with Deansgate’s boutique shops and Oxford Road’s theatres and music venues literally at their fingertips.
One of the most popular cities in the country, Manchester has recently been named as one of the UK’s top four ‘buy-to-let hotspots’, where investors can claim rental yields of up to 7.6% according to a 2013 HSBC study. With the National Housing Federation predicting that rental rates will grow by 36% by 2018, The Queen’s Brewery is set to be a worthy and historic addition to this city’s booming buy-to-let market.
Private rental stock in the UK is now worth an estimated £898 billion www.knightknox.com | +44 (0)161 772 1370
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Internal Specifications
The Queen’s Brewery
General Interior • • • •
Fitted carpets to lounge and bedroom areas High quality Amtico flooring to high traffic and wet areas - hallways, kitchens, dining areas and bathrooms Recessed ceiling mounted LED downlighters Furniture pack provided - upgrades available to include small appliances and cookware ready to move in
Kitchen Area • • • •
High quality contemporary fitted kitchen units with stone composite worktops and inset stainless steel sink LED cabinet lighting to worktops and pelmets Island/beakfast bar units in selected apartments Branded fitted appliances-hob, oven, extractor hood. Upgrades available to include fridge-freezer, dishwasher or washer/dryer
Bathrooms • • • •
Premium sanitary ware by Villeroy & Boch Main bathrooms - WC, hand basin with vanity, 1500mm bath with overhead shower and folding screen Full tiling to bath areas En-suite bathrooms with WC, hand basin with mirror cabinet and shower cubicle
External & Communal Areas • • • • • • •
Secure enviroment - fully gated community with electronic access control Access intercom with cameras Secure gated external car park with 73 spaces (available at additional cost) CCTV to car park, external grounds and internal communal areas Communal satellite dish - subscriptions required for pay-to-view channels Landscaped communal courtyard Lift serving all floors
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Investment Opportunity
Comprised of studios, 1, 2 and 3-bed apartments, one of the unique features of this development is that within the original structure of the building, no apartment will look the same. Some of the different investment options available include; duplex apartments with private balconies, en-suite rooms and apartments with huge feature windows.
Financial projection for 1-bed apartment * Est. Ground Rent £200 Purchase Price £82,500
Est. Management Fee £528
Est. Monthly Rent £550
Est. NET Yield 6.46% Est. Maintenance Fee £561
Est. NET Income £5,311 * All figures are based on forecasts provided by the developer, 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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Floor Plan Specification
Apartment A13 (2 bed) 72.5m 2
* All plans are based on concepts provided by the developer, are indicative only and are subject to change.
Apartment A12 (1 bed) 55.7m 2
Apartment A15 (2 bed) 76m2
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Buy-to-Let The Manchester Market
Manchester is the UK’s third largest urban economy. Famed for its music venues, shopping, Premiership football clubs, and architecture, the diverse social scene in Manchester and its surrounding areas has enabled the city centre to become one of the most sought-after addresses in the country.
Home to over half a million people, it is a city whose population has out-grown its current housing supply and is in serious need of new stock, making way for a host of new investment as the construction industry begins to pick up pace.
According to Jones Lang LaSalle, Manchester house prices are set to grow by 4.5 per cent over the next five years and HSBC has identified the city as being in the ‘Top 4 Buy-To-Let Hotspots ‘in the country, showing an average rental yield of 7.6 per cent.
The area neighbouring The Queen’s Brewery, Hulme, has recently undergone what was regarded at the time as one of the most ambitious regeneration projects in the United Kingdom. Over £24m worth of public sector regeneration monies has been invested in projects focusing upon local economic development, physical and environmental improvements and enhancements in the quality of life. These, in turn, have generated substantial outputs in terms of jobs, land development, infrastructure improvements and business development.
This regeneration project has seen new and improved housing in the area, (and surrounding areas), which has proven very popular and is in great demand, making it a much more attractive place to live.
As the level of construction activity in Manchester continues to build, so do the opportunities for buy-to-let investors to snap up property in prime sites where demand is high, which will yield strong returns for years to come.
Over £24m invested on regeneration projects in local area
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Location Information…
Manchester
The Queen’s Brewery is situated just two miles outside of Manchester city centre, making it perfect for young professionals who want to be close to Deansgate’s boutique shops and Oxford Road’s theatres and music venues.
Local facilities and amenities include the Manchester Aquatics Centre (a former Commonwealth Games building turned public aquatics sports facility), in addition to brand name supermarkets, children’s activity centres, a leisure centre and parks.
Distance to Major UK Cities:
Liverpool, England 34.4 miles Nottingham, England 97.4 miles Cardiff, Wales 193 miles London, England 198 miles Edinburgh, Scotland 218 miles Belfast, Northern Ireland 295 miles
1
Manchester Airport Distance 9.1 miles
2
Media City UK & The Lowry at Salford Quays Distance 3.6 miles
M61
Middleton
M60
Oldham
Manchester Ring Road
Walkden
M60 Mancunian Way M602
M60
Salford
2
4
City Centre
Ashton-under-Lyne
3
Q
M62
M60
M60
Altincham Stockport
M6
1
M56
4
Beetham Tower & Deansgate Distance 1.4 miles
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Manchester City Centre & Piccadilly Station Distance 2.3 miles
Q
The Queen’s Brewery
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Transport
Manchester
Britain’s Second City
Manchester lies at the heart of an expansive motorway network, ensuring easy access to the UK’s major cities and business centres. The M6 Northbound links Manchester to the Lake District, Carlisle and Scotland, while the M6 Southbound links the city region to Birmingham, Bristol, Wales and London. Public transport provides strong links to cities and towns across the UK, with trains travelling from renowned stations such as Piccadilly and Victoria. The metroshuttle runs a free service ferrying visitors across Manchester City Centre to thriving areas such as the Northern Quarter and Oxford Road. Regular bus services are also available from places located near to the City Centre.
Places to Visit
A city of culture, theatre and music, fans will find no shortage of acts and performances to satisfy their needs. Performances take place all-year round at theatres such as the Opera House and The Lowry Thatre, while popular music acts can be found at a wide-range of venues located across the city including the Manchester Evening News Arena and the Manchester Apollo.
For those who want to revel in the invention and industry of a city which invented the computer, the Museum of Science and Industry is the ideal place to visit. The Manchester Museum will also be on-hand to tell the story of the city at the heart of the Industrial Revolution and to show visitors why Manchester is such a great place to live.
Tourism
Currently the third most popular tourist destination within the UK, Manchester attracted more than 936,000 visitors in 2011. Tourists continue to visit the surplus of attractions located within the city and with the continuing growth of such events as the Manchester International Festival, these figures are only going to rise.
Manchester Universities
There are three main education institutions in the city, with a combined population of over 100,000 students, making it one of the most popular places to study in the country.
Manchester Metropolitan University, The University of Manchester and the Royal Northern College of Music can all be found within walking distance of each other on Oxford Street in the city centre, forming one of Europe’s largest urban higher education precincts, contributing a massive boost to the local economy.
Shopping
Manchester is a retail paradise providing fashionista’s with both on-trend fashion and prestige vintage clothing. The Arndale Centre and The Trafford Centre deliver the main shopping thoroughfare, containing practically every high street store you could hope to find. There are also plently of boutique fashion areas within the city containing shops such as Selfridges and Harvey Nichols, which provide shoppers with an urban-cool selection of clothing. The Northern Quarter can supply the needs of the more quirky visitor; with quaint shops, bars, independent galleries and eateries lining the streets of this avant-garde district.
A Sporting City
Manchester United and Manchester City are the two-leading Premier League footbal teams. With the teams currently taking turns to hold the premier league title, the trophy is set to remain in the City for the years to come. Home to two famous teams, the city can be confident of its sporting prowess and regularly host events at both stadiums.
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Developer Portfolio
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, something 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.
Trinity Church, Bolton (Student Accommodation)
Greenbank Court, Plymouth (Student Accommodation)
Assured 9% NET Yields for 2 years | Prices from £56,950
Assured 9% NET Yields for 2 years | Prices from £54,950
Clyde House, Glasgow (Student Accommodation)
New Mount St., Manchester (Residential Buy-to-Let)
Assured 9% NET Yields for 2 years | Prices from £57,500
COMING SOON!
www.knightknox.com | +44 (0)161 772 1370
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The Purchase Process & FAQs
Need to Know
Register your interest Investing through Knight Knox International is a quick and easy process, simply;
1.
Speak to a Knight Knox Property Consultant and choose your apartment
2.
Complete the reservation form and pay the deposit
3.
Solicitor instructed, legal documents and sales pack sent out
4.
25% payable within 21 days, upon exchange of contracts (less the reservation fee) *
5.
25% payable on 27th March 2015
6.
Balance of 50% payable upon completion of your apartment
*Contracts need to be exchanged within 21 days of reservation/planning approval
Contact a property consultant today to reserve the best unit! +44 (0)161 772 1370 | www.knightknox.com
Am I buying as freehold or leasehold? 250 years leasehold
What is the address of the site? The Queen’s Brewery, 46 Moss Lane East, Manchester M15 5PH
Are these apartments completed? No, The Queen’s Brewery is a refurbishment of a period building
What are the projected annual returns? Returns of up to 6.5% NET are assured for the first year
Can I recieve finance on this development? There is currently no finace offered by the developer
When is my rental income paid? Quarterly 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 resell my unit? Yes, you can sell at any time after exchange of contract
Are there any restrictions if I want to sell? No, The Queen’s Brewery is a residential development, so you are free to sell your unit on the open market
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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. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing.
www.knightknox.com +44 (0)161 772 1370