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WELCOME TO X1 AIRE
X1 Aire is Knight Knox’s latest addition to its portfolio of over 50 successfully launched development projects. In collaboration with its long-term partner developer X1 Developments, X1 Aire is the first project both companies undertake together in the thriving city of Leeds. The development is situated right at the edge of Leeds’ booming city centre, only a short stroll away from its busy train station. Located on East Street, X1 Aire consists of 147 luxurious one and two bedroom apartments. Next to it lies St Saviour’s Church, a beautiful Grade II listed former Sunday school. X1 Aire truly exceeds today’s standards of boutique residential living – besides the high-end, fully-furnished apartments, residents will also be able to enjoy the perks of a private gym and personal on-site management by X1 Lettings, the awardwinning lettings agent.
98% THE CURRENT OCCUPANCY RATES IN LEEDS CITY CENTRE JLL 2015
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FINANCIAL PROJECTIONS
Investment options for X1 Aire: 1-bedroom £105,000 2-bedroom £125,000
Investment projection standard 2-bed: Monthly Rent Gross Rent Maintenance Fee Management / Lettings Fee Ground Rent NET Income NET Yield
£825 £9,900 £1,259.38 £792 £300 £7,548.62 6.04%
£1.7 TRILLION
THE VALUE THE PRIVATE RENTAL SECTOR WILL REACH BY MARCH 2016 JLL 2015
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Speak to your designated property consultant
PURCHASE PROCESS
Choose your perfect apartment and pay the deposit
Both sets of solicitors are instructed, and the legal documents and sales pack sent out to you
%
25% of the balance is payable upon exchange of contracts
Six months into development, 10% of the balance is due
ÂŁ
Remaining balance payable upon completion of the development
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ABOUT LEEDS
With a population of close to 800,000 people, Leeds is the UK’s fourth largest city. Thanks to its buoyant economy, particularly regarding financial and business services, Leeds is recognised as the regional capital of the Yorkshire and the Humber area, where the population total is approximately five million. In terms of what the city has to offer, Leeds is almost unrivalled: Vast, beautiful parks and green land allow for long walks in the countryside, while a variety of museums, theatres and galleries, such as the Royal Armouries Museum, the Leeds Art Gallery, and the Leeds City Museum, culturally enrich the whole area. Shopping centres such as the Victoria Quarter, Corn Exchange, the brand new Trinity Leeds as well as its main shopping street Briggate offer one of the best shopping experiences in the UK. For people in search of entertainment Leeds does not disappoint. Various bars and music venues enable the city to host a range of concerts and shows, including the likes of the bespoke Leeds Carnival (Europe’s oldest West Indian carnival), Leeds International Film Festival (England’s largest film festival
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outside of London) and Leeds Festival (one of the UK’s biggest and most anticipated music festivals). With such an eventful calendar, it is no surprise that the city’s three universities – The University of Leeds, Leeds Trinity and Leeds Beckett University – attract around 65,000 students every year, a number that is expected to further increase over time. Notably, Leeds’ current burgeoning economy and nationwide positive reputation are simply stepping stones in what can only be described as a very bright future. Increased devolution, which transfers power back to regions such as Greater Manchester as well as Birmingham and its West Midlands neighbours, guarantees the North of the country, including Leeds, to be able to make more targeted and region-specific decisions in the areas of transportation, policing and housing. Moreover, the HS2 speed rail network, set to commence as early as 2017, will further enhance the northern economy by reducing times as well as costs of travelling from South to North, making regional cities, particularly Leeds, better connected.
5%
THE RATE RENTS IN LEEDS ARE PREDICTED TO GROW BY IN 2015 JLL 2015
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WHY BUY-TO-LET
Research by Knight Frank has recently revealed that whilst stepping onto the property ladder is increasingly becoming less affordable in our modern society, the number of households in the rental sector has reached 4 million – a 30% increase in the past five years. This has led to the UK Buy-toLet market flourishing like never before: Currently, its total is standing at £990.7billion (11% higher than in 2014) and is expected to reach an impressive value of £1.07trillion by the end of March 2016. With average house prices of £188,566 nationwide and average rents of £960pcm, the UK has a very active housing market, which is further fuelled by the sheer undersupply of available housing stock. It is estimated that in 2014, 77% of all newly formed households in the UK were created within the Private Rented Sector (PRS), enabling it to now account for 18% of all British households. Contrary to popular belief, it is not the capital that is outperforming the rest of the nation, but it is instead the
North of the country. Whilst investors in London can expect returns of approximately 4.5%, investors in the North tend to receive average gross yields of between 7-8%. One of the best performing cities is Leeds which, according to Knight Frank, allowed landlords in 2014 to cash in on gross yields as high as 8.3%. Whilst house prices in Leeds at £173,844 are slightly lower than the national average, it is one of the most rapidly growing regions of the country – both in terms of house prices and rents: in 2010 house prices grew by as much as 5.1% while rents in Leeds’ city centre surged by a massive 7.7%. Additionally, residential sales in the area of Yorkshire and the Humber are expected to grow by an impressive 14.8% between now and 2019. With high yields and ever-growing property and rental prices, the British buy-to-let market is thriving – and there is no better place to invest in than in Leeds.
18% PERCENTAGE OF ALL BRITISH HOUSEHOLDS NOW IN PRIVATE RENTED SECTOR The Kent Reliance 2015
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ROOM ELEMENTS
Storage
Bathroom
Kitchen / Dining
1 BEDROOM EXAMPLE Bedroom
Living Room
FROM £105,000
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En-suite
Master bedroom
Storage
Bathroom
Kitchen / Dining
2 BEDROOM EXAMPLE
Living room Bedroom
FROM ÂŁ125,000
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FIRST FLOOR BST: 500 * 300
2s Ta 750 ble: * 75 0 O+
W/ro 1000 be: * 60 0 O+ H
01 - 03
H
DW
01 - 16 O+
BST: 500 * 300
Bed:
1410
BST: 500 * 300
50
* 19
W/ro 1000 be: * 60 0
W/robe: 1000 * 600
WM W/ro 1000 be: * 60 0
WM Bed:
1410
Coffe Tabl 550 * 90 e: 0
2 se at 1480 er sofa : * 85 0
Draw 780 ers: * 41 0
TV Be 1200 nch: * 40 0
BST: 500 * 300
Draw 780 ers: * 41 0
DW
2s Ta 750 ble: * 75 0
W/ro 1000 be: * 60 0
2 se at 1480 er sofa : * 85 0
TV Be 1200 nch: * 40 0
BST: 500 * 300 2s Ta 750 ble: * 75 0
01 - 18 H
BST: 500 * 300
Coffe Tabl 550 * 90 e: 0
50
50
O+ 1410
Draw 780 ers: * 41 0
50
* 19
Bed:
01 - 02
2 se at 1480 er sofa : * 85 0
* 19
DW H
1410
2s Ta 750 ble: * 75 0
50
Bed:
* 19
Draw 780 ers: * 41 0
Draw 780 ers: * 41 0
TV Be 1200 nch: * 40 0 Coffe Tabl 550 * 90 e: 0
Draw 780 ers: * 41 0
50
* 19
2 se at 1480 er sofa : * 85 0
WM
TV Be 1200 nch: * 40 0
2 BEDROOM EXAMPLE * 19
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1950
O+
1410 *
1410
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2s Ta 750 ble: * 75 0
W/ro 1000 be: * 60 0
Bed:
W/ro 1000 be: * 60 0
2 se at 1480 er sofa : * 85 0
WM
Coffe Tabl 550 * 90 e: 0
BST: 500 * 300
DW
TV Be 1200 nch: * 40 0
BST: 500 * 300
Coffe Tabl 550 * 90 e: 0
Bed:
TV Be 1200 nch: * 40 0
BST: 500 * 300
2s Ta 750 ble: * 75 0
01 - 20
2 se at 1480 er sofa : * 85 0
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Balconies O+
* 19
DW
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1410
Draw 780 ers: * 41 0
1410 Bed:
BST: 500 * 300
1410
2s Ta 750 ble: * 75 0
BST: 500 * 300
50
* 19
Draw 780 ers: * 41 0
BST: 500 * 300
50
* 19
Coffe Tabl 550 * 90 e: 0
TV Be 1200 nch: * 40 0
W/ro 1000 be: * 60 0
2 se at 1480 er sofa : * 85 0
Draw 780 ers: * 41 0
1410
W/ro 1000 be: * 60 0
Bed:
01 - 01
Bed:
BST: 500 * 300
O+
Draw 780 ers: * 41 0
Draw 780 ers: * 41 0
Bed:
W/ro 1000 be: * 60 0
BST: 500 * 300
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2 se at 1480 er sofa : * 85 0
Lifts 2s Ta 750 ble: * 75 0
Stairs
Coffe Tabl 550 * 90 e: 0
TV Be 1200 nch: * 40 0
EXAMPLE FLOOR PLAN
Bed: 1410 * 1950
Bed: 14
DW
WM DW
01 - 19 W/ro 1000 be: * 60 0 DW
01 - 17 H
Bed: 1410 *
rs: Drawe 780 * 410
Bed: 1410 * 1950 Bed: 1410 * 1950 2 seater sofa: 1480 * 850 Coffe Table: 550 * 900 TV Bench: 1200 * 400 TV Bench: 1200 * 400 Coffe Table: 550 * 900
WM
le: 4s Tab 750 1250 *
O+H
0 0 * 195 Bed: 141
2s Table: 750 * 750
DW
2s Table: 750 * 750
WM
e: W/rob 600 1000 *
0 0 * 195
Bed: 141
sofa: 2 seater 850 1480 *
Table: Coffe 550 * 900
nch: TV Be 400 1200 *
nch: TV Be 400 1200 *
a:
Table: Coffe 550 * 900
0 0 * 195
sof 2 seater 850 1480 *
Bed: 141
2 seater sofa: 1480 * 850
e: W/rob 600 1000 *
Heater: 800 * 105
sofa: 2 seater 850 1480 * DW
Table: Coffe 550 * 900 le: 2s Tab 750 * 750
le: 2s Tab 750 * 750
BST: 500 * 300
Bed: 1410 * 1950
Heater: 800 * 105
0 0 * 195
WM
BST: 500 * 300
BST: 500 * 300
le: 2s Tab 750 * 750
e: W/rob 600 1000 *
le: 2s Tab 750 * 750
Drawers: 780 * 410
4s Table: 1250 * 750 BST: 500 * 300
TV Bench: 1200 * 400
W/robe: 1000 * 600
TV Bench: 1200 * 400 Bed: 1410 * 1950 Drawers: 780 * 410 TV Bench: 1200 * 400 W/robe: 1000 * 600
2 seater sofa: 1480 * 850 Drawers: 780 * 410
DW
0 0 * 195
BST: 500 * 300
e: W/rob * 600 1000
Drawers: 780 * 410
le: 4s Tab 750 1250 *
Table: Coffe 550 * 900
O+H
0 0 * 195
0 0 * 195
Bed: 141
2 seater sofa: 1480 * 850
BST: 500 * 300
Bed: 141
rs: Drawe 780 * 410
nch: TV Be 400 1200 *
Table: Coffe 550 * 900
sofa: 2 seater 850 1480 *
Bed: 141
rs: Drawe 780 * 410
rs: Drawe 780 * 410
sofa: 2 seater 850 1480 *
Table: Coffe 550 * 900
nch: TV Be 400 1200 *
0 0 * 195
01 - 10 e: W/rob 600 1000 *
01 - 09
sofa: 2 seater 850 1480 * Bed: 141
nch: TV Be 400 1200 *
01 - 12 e: W/rob 600 1000 *
e: W/rob 600 1000 *
le: 4s Tab 750 1250 *
Drawers: 780 * 410 BST: 500 * 300
Coffe Table: 550 * 900
2 seater sofa: 1480 * 850
DW
BST: 500 * 300
BST: 500 * 300
BST: 500 * 300 BST: 500 * 300 * 1950
W/robe: 1000 * 600 Drawers: 780 * 410
01 - 14 01 - 15
WM O+H
O+H WM
BST: 500 * 300
01 - 11 W/robe: 1000 * 600
Bed: 141
DW O+H
O+H
O+H WM
DW O+H DW O+H WM
DW O+H
0 0 * 195
01 - 07 01 - 06 01 - 05
e: W/rob 600 1000 *
Bed: 141
le: 2s Tab 750 * 750 BST: 500 * 300 BST: 500 * 300
BST: 500 * 300
01 - 04
WM WM O+H DW
Coffe Table: 550 * 900
50
WM
e: W/rob * 600 1000
: W/robe 600 1000 * rs: Drawe 780 * 410
01 - 08 Bed: 1410 * 1950
* 19 410
BST: 500 * 300 W/robe: 1000 * 600
1 BEDROOM EXAMPLE
nch: TV Be 400 1200 *
rs: Drawe 780 * 410
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WHAT YOU NEED TO KNOW
Am I buying as freehold or leasehold? 999 years leasehold What is the address of the site? East Street, Leeds, LS9 Are there tenants already in place? No, X1 Aire is a new-build development How much is the ground rent? Ground rent is ÂŁ300 per annum What are the projected annual returns on this project? 6% Assured NET returns 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 X1 Lettings, who will block manage and let the building. Are there any restrictions if I want to sell? No, X1 Aire is a residential development, so you are free to sell your apartment on the open market.
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20,000 THE NUMBER OF ADDITIONAL HOMES NEEDED IN LEEDS INTHE NEXT 5 YEARS JLL 2015
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X1 DEVELOPMENTS
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««««« BEST RESIDENTIAL DEVELOPMENT MERSEYSIDE X1 The Quarter by X1 Developments
Located in the heart of Liverpool, X1 Developments is one of the North West’s premier development companies. Dedicated to meeting and exceeding the needs of investors from the UK and overseas, the company offers exceptionally high quality properties in both the residential and student accommodation sectors. All of X1’s projects have been selected and overseen by individuals that pride themselves in possessing unrivalled knowledge, experience and background in the product, market sector and location. X1 Developments offers an exciting portfolio of real estate investments in the major northern cities of Liverpool and Manchester. Examples of their portfolio include the awardwinning £50m X1 The Quarter scheme, a five-phase project located in Liverpool’s waterfront quarter, in addition to the
Award-winning Developer
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highly popular X1 Salford Quays Phases 1, 2, and 3, found on the border of MediaCityUK. All three phases in the Salford Quays scheme, with a total value of over £21m, were completely sold out within months of being released and Phase 1 is now successfully 100% let. Moreover, X1 Developments also offers a specialist followthrough service via its sister company X1 Lettings, which carries the same high level of expertise in order to manage and protect their clients’ long term investments. With an average expected NET return of 6% and more, X1 Developments is the right choice for anyone looking to invest into the North of the country, with a track record of past developments that speaks for itself.
DEVELOPER PROFILE 1. X1 Borden Court, Liverpool SOLD OUT & TENANTED 2. X1 Arndale House, Liverpool SOLD OUT & TENANTED 3. X1 Salford Quays Phase 1, Manchester SOLD OUT & TENANTED 4. X1 Chapel Street, Manchester SOLD OUT & TENANTED 5. X1 Town Hall, Manchester SOLD OUT & IN CONSTRUCTION 6. The Gallery at X1 The Quarter, Liverpool SOLD OUT & TENANTED 7. The Courtyard at X1 The Quarter, Liverpool SOLD OUT & TENANTED 8. The Studios at X1 The Quarter, Liverpool SOLD OUT & IN CONSTRUCTION 9. X1 Salford Quays Phase 2, Manchester SOLD OUT & IN CONSTRUCTION 10. X1 The Edge, Liverpool SOLD OUT & IN CONSTRUCTION 11. X1 The Exchange, Manchester SOLD OUT & IN CONSTRUCTION 12. X1 Salford Quays Phase 3, Manchester SOLD OUT & IN CONSTRUCTION 13. X1 Liverpool One, Liverpool NEW LAUNCH & IN CONSTRUCTION 14. X1 Eastbank, Manchester SOLD OUT & IN CONSTRUCTION 15. The Terrace at X1 The Quarter, Liverpool NEW LAUNCH & IN CONSTRUCTION 16. X1 Media City, Manchester NEW LAUNCH & IN CONSTRUCTION 17. X1 Liverpool One Phase 2, Liverpool NEW LAUNCH & IN CONSTRUCTION 18. X1 Media City, Phase 2, Manchester NEW LAUNCH & IN CONSTRUCTION
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X1 LETTINGS
X1 Lettings offer both residential property and student accommodation in the UK property market. Whether it’s looking after students in one of their purpose-built schemes, or managing a residential apartment block, the X1 team are friendly and enthusiastic, with extensive knowledge of the country’s northern cities. In addition to the day-to-day management and letting of their developments, X1 Lettings also has its own handpicked maintenance team to deal with any and all issues that may arise.
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ALL COMPLETED X1 SITES 100% LET
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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. Boasting a track record of over 30 successfully delivered buy-to-let developments, we work in partnership with four highly experienced developers. Together with them, we have managed to build an impressive portfolio of 54 launched projects worth over £427million to date, in the form of prime new-build 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.
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CUSTOMER RECOMMENDATION
Through Knight Knox, I have built an investment portfolio of 25 buy-to-let properties that are all yielding me high returns and are all fully managed, meaning I do not have to worry about dealing with the day-to-day issues. I will be looking to build my portfolio further and would certainly recommend Knight Knox. Mr I Latif
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AIRE www.knightknox.com 0161 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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