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Introducing Printworks is the latest project from Noble Design and Build, experienced and proven developers with a reputation for thoughtful, quality builds since 2001.
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PRINTWORKS Printworks provides a luxurious student living experience in a central, stylish area of Sheffield, just a five minute walk from the universities. The City of Sheffield is a popular destination for students: home to two first rate universities, and witnessing a transformation in recent years from northern industrial hub to one of the UK’s most desirable and cosmopolitan cities. The Sheffield student population continues to grow, yet the sector remains significantly undersupplied with quality purpose-built accommodation. Printworks’ high specification build and prime location ensures demand for units will be high from both tenants and investors alike. Printworks represents a stable and robust investment opportunity. Purchase prices start from £59,995, with an estimated capital uplift of 5% per annum and an assured net rental of 9% for the first 3 years.
Purchase from £59,995 £61,950
Assured net rental 9% for 3 years
Completion date January 2016
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Investment
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Printworks Phase I is now released for sale, with Phase II available from December 2014. The development will be fully completed by January 2016.
SUMMARY Printworks represents a solid investment opportunity, with generous annual returns, a flexible exit strategy, and a choice of purchase options for investors.
Key Features
Purchase Purchase from from£61,950 £59,995 Assured net rental 9% for 3 years Estimated capital uplift 5% pa Flexible exit strategy
Investment Example Unit no.
518
Type
Studio
Purchase
£62,995
Gross annual income
£7,650
Maintenance
£1,200
Management fees
£400
Ground rent
£300
Net income
£5,750
Net yield (3 years)
9.2%
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Sheffield:
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A THRIVING ECONOMY Sheffield’s economy has significantly transformed over the last twenty years, with substantial improvements made across a range of economic indicators. New employment opportunities and businesses have been created, the two Universities have considerably increased both student numbers and capital investment, and the city’s image has been radically reshaped with a series of high-profile improvements to the built environment.
Home to
Boeing, Rolls Royce & Siemens
Jobs in the City increased by
22%
between 1995 and 2008
The Sheffield City Region is at the forefront of the UK’s industrial and entrepreneurial development and was recently described by the Secretary of State as being “at the heart” of Britain’s continued economic growth. With an economy bigger than some European countries, the Sheffield City Region is a significant financial power. The area is home to almost 1.8 million people and has an output of more than £24.7 billion per year.
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A vibrant and This is a richly diverse, multicultural city that has earned its reputation for being one of the friendliest and safest in the UK.
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CULTURED CITY The UK’s fourth largest city, Sheffield offers a unique blend of both urban lifestyle and rural retreat. The city has been going through something of an ‘urban renaissance’ in recent years, making the most of its grand industrial heritage and architecture, and reinventing itself as a city of European significance. Sheffield has something for everyone: a vibrant pub and club culture; high street and boutique shopping; restaurants to suit all tastes; the largest theatre complex outside London; art galleries; iconic music venues; and sports facilities, including three climbing centres and the world’s deepest diving pool. Yet a third of the city also lies within the beautiful Peak District National Park. This combination of an exciting, bustling, cosmopolitan city within an outstanding area of natural beauty, makes Sheffield a truly unique and inspirational place to live, work and study.
Vibrant nightlife with a varied music scene
Creative arts spaces
High street & boutique
shopping
Leading theatres Restaurants
Within the UK’s first
National Park
& cafes to suit all tastes
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Investing in the
STUDENT MARKET
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The student accommodation sector was ranked by The Times as ‘the top asset class in the UK’s property market’ in 2012.
The student property market continues to provide stable and lucrative returns and investor appetite shows no sign of waning, with over £2 billion invested in student accommodation in the UK in 2013. Demand for university places in the UK remains strong, resulting in a continued oversubscription each year. Overall, universities receive 14 applications for every 10 places available: an 8% increase over the last five years. Students are increasingly demanding high quality and secure purpose built accommodation with great facilities close to their place of study. And they are willing to pay more than ever for these benefits. A shortage of this kind of accommodation ensures rental values remain high across the board. Data from the National Union of Students shows that rents for purpose-built student accommodation continue to rise above the level of inflation, increasing by 53% since 2006.
International students are the driving force behind the demand for purpose built accommodation and, with no cap on the number of students who can study in the UK, Knight Frank has forecast that the number of international students in higher education will increase by 15%-20% over the next five years. This will certainly further boost demand for luxury student accommodation and propel this investment sector from strength to strength.
“Student property returns will continue to outstrip traditional asset classes into 2014” The Knight Frank Student Property Report 2014
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Why Invest in Grading cities according to their student provision potential, Sheffield was awarded a 2:1 for its strong research base and its attractiveness to the international student market.
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SHEFFIELD With a total student population of more than 60,000, Sheffield recently topped a list of university towns and cities that could benefit from more purpose built student accommodation. The universities in Sheffield are only able to provide university owned accommodation to a relatively small proportion of students. With just 11,369 bedrooms available to more than 46,890 full time students, a massive 76% are left looking for accommodation in the private sector or living at home. This demonstrates a clear opportunity for the provision of purpose-built student accommodation within the city, particularly for Sheffield’s expanding international student population, who are driving the demand for luxury student rentals.
University of Sheffield The University of Sheffield is amongst the top 1% of universities worldwide, renowned for its innovative research, five Nobel prize winners, and awarded University of the Year 2011 by The Times.
Sheffield Hallam Sheffield Hallam is a centre of excellence for health care training. It is nearing the end of a ÂŁ110 million development program that provides impressive new buildings on each of the main campuses.
25,545 students 22,420 full time 17.8% international
34,715 students 24,470 full time 9.2% international
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Centrally Located
CONNECTED CITY
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Sheffield is the UK’s most centrally located city region. It is at the hub of key road and rail networks and close to the major UK business centres of Manchester and Birmingham.
Located at the heart of the UK, Sheffield has excellent transport links whether you are travelling by road, rail or air.
Trains
Sheffield has extensive rail links to all major UK cities. Manchester is less than an hour by train and London is just 2 hours and 4 minutes away. Trains run from Sheffield to London every hour, and up to three times per hour to and from Manchester.
Roads
Sheffield is connected to the national motorway network via the M1 and M18 motorways. The M1 skirts the north-east of the city, linking Sheffield with London.
Airports
Manchester Airport is an hour’s journey away by car, and just over an hour by train. This major international airport is the largest outside London and provides direct flights to over 220 destinations worldwide – more than any other UK airport.
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Printworks
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Printworks is a high-profile development comprising160 sought after self-contained apartments for students in a central, stylish area.
OVERVIEW Printworks is a purpose-built student accommodation hub in a prime location. Its six floors provide excellent social and communal facilities, including a cinema, gymnasium and IT suite, plus all the facilities and utilities you would expect from a high specification student development. Accommodation comprises 151 studios and 9 two bed apartments. All units are en-suite, have their own kitchen, dining and study areas, and make clever use of space with quality fixtures and fittings. The flats come fully furnished and include electrical appliances, bedding, crockery, cutlery and bathroom accessories: perfect for tenants to just arrive, unpack and unwind.
151 studios
High-spec finish
9 two bed apartments
Excellent onsite facilities
Fully furnished
Prime student location
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Printworks Printworks is ideally located for students: close to the city centre, shops and nightlife, and within short walking distance of two major universities.
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LOCATION Printworks has everything students want and need within a few minutes’ stroll.
0.1 mile Bus & Tram round the corner
0.5 mile Sheffield Hallam University
0.6 mile University of Sheffield
0.8 mile Sheffield Railway Station
Nightlife & Eating Out In the adjacent streets you will find a host of bars and restaurants to suit any taste, with the city centre and Eccleshall Road just a few minutes’ walk away.
Shops Printworks is close to a number of shopping centres, as well as having high street and boutique stores on the doorstep.
Orchard Square 5 minute walk 7 minute walk The Forum Meadowhall 4.8 miles by car
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Fully Furnished
INTERIORS
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Students want high quality, new build apartments with en-suite bathrooms and great facilities close to their university. This allows them to concentrate on their studies and university life.
FURNITURE PACK Widescreen TV Double bed Bedding Wardrobe Bedside cabinet Bookcase Kettle, toaster & microwave Full height double fridge/freezer Dinner set, mugs, glasses, cutlery & coasters Bathroom mirror, mat & holders Dining area Sofa
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Printworks provides a safe, secure environment with a 24/7 security system, WiFi throughout, and a range of excellent onsite facilities.
Onsite
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FACILITIES Cinema room
Games room
IT suite
Gymnasium
Bike store
Laundry room
WiFi
CCTV
Concierge
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FLOOR PLANS
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Floor 1
Floor 2, 3, 4
Phase II
Phase I available now
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FLOOR PLANS
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Floor 5
Floor 6
Phase I available now
Phase II
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Payment You are required to pay a reservation deposit. Your final payment will be due when construction completes.
STAGE PAYMENTS Option One
1 Deposit of ÂŁ5 000 with reservation form
2
75% of balance (including deposit) on exchange of contracts within 28 days
3
Remaining balance due on completion of building in January 2016
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5% interest will be paid on exchange of monies paid
Option Two
1 Deposit of ÂŁ5 000 with reservation form
2
40% of balance (including deposit) on exchange of contracts within 28 days
3
35% of balance on roof level construction 25% on completion in January 2016
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PROCESS Once your property consultant has helped you to select your unit(s), please complete the reservation agreement and return it along with a copy of your passport, a recent utility bill and your deposit. The bank transfer details will be found on the reservation agreement. When your property consultant confirms they have received your paperwork you will need to instruct a solicitor. Should you require assistance we can recommended a number of solicitors experienced in handling student accommodation investment transactions. Your solicitor will advise you of the paperwork they will require. Please return this promptly to reduce the risk of delays. Your first instalment will be paid when you exchange contracts. Your solicitor will inform you when they have the date for exchange, providing you with adequate notice. At the time of exchange you will also be required to sign and return your contracts. If you are unable to do so due to your location, your solicitor will be able to act as your Power of Attorney but may charge an additional fee for this service. After you have exchanged contracts you will receive a welcome letter from the developer, which will detail the future service they will provide and include all contact details.
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No interest on deposit funds
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Experienced
DEVELOPERS Noble are reputable developers who have been active in the UK property market for Noble Design and Build are reputable developers who have been active in the many years. arefor highly are able to deal with both UK property They market manyexperienced years. They and are highly experienced and are small able and large projects. to deal with both small and large projects. In cases Noble Noble act actas asproject projectdeveloper, developer,assembling assemblingthe theappropriate appropriate expert In most most cases teams carrytoout theout build they alongside some some of the expert to teams carry theitself, buildand itself, andhave theyworked have worked alongside foremost companies in the construction industry. These include major PLC of the foremost companies in the construction industry. These include major steel-frame fabrication companies andand the the leading suppliers of lifts, build PLC steel-frame fabrication companies leading suppliers of lifts, build materials and ground ground works. works.
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Noble Design and Build only work with large, multi-partner architects, surveyors and engineers to ensure quality control, planning and construction meet the highest levels.
The company has a large land and site bank and many projects currently in progress. In 2014 they will complete more The company has a large land and site bank and many projects in progress. will complete than currently 200 units, withIn 2014 400Noble further units more than 200 units, with 400 further units already in the already in year. the pipeline for next year. pipeline for next
Noblehave has its ownown build teams andand sub-contracts regular trades for for groundwork, They there build teams sub-contracts regular trades groundwork, construction, first and second fix and decor/renovation. Noble Design and Build also provide property and tenancy management services, under the name of ‘Noble Living’.
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Questions and
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ANSWERS What is the address of the site? Printworks, Hodgson Street, Sheffield, S3 7WQ.
Can I do anything I want with my apartment? The apartments also have full residential use.
Has the construction started? Yes.
Is there a management company in place? Yes - Noble Living.
When will the building be completed? January 2016.
Who do I contact to find out more? Please do not hesitate to contact using the details below for any additional information .
Am I buying as freehold or leasehold? Leasehold. What can I expect as a return on my investment? Based on a purchase price of ÂŁ62,995 you will receive an assured net rental of ÂŁ5,750 per annum for the first three years, which is a 9.2% yield. When is my rental income paid? Quarterly in arrears. Can I resell my unit? Yes. Are there any restrictions if I want to sell? No, you can sell off-plan or once built but the developer would like first refusal.
CONTACT US landscape.com.pk/realestate
Office: UAN: Tel: Fax: Email: Url:
Third Floor, 20-C Main Khayaban-e-Shahbaz, DHA Phase VI, Karachi, Pakistan. (+9221) 111-LAND-11 | 111-5263-11 (+9221) 35240515 to 19 (+9221) 35240520 realty@landscape.com.pk www.landscape.com.pk/realestate
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Office: UAN: Tel: Fax: Email: Url:
Third Floor, 20-C Main Khayaban-e-Shahbaz, DHA Phase VI, Karachi, Pakistan. (+9221) 111-LAND-11 | 111-5263-11 (+9221) 35240515 to 19 (+9221) 35240520 realty@landscape.com.pk www.landscape.com.pk/realestate
Disclaimer: All images and information about the development are provided as an indication of the likely style and specification of the development. These specifications are not finalised and may be subject to change.