Burgess House

BURGESS HOUSE NEWCASTLE

Our twelfth project to be launched in partnership with Fortis Developments, Burgess House is a five-storey development located on St. James Boulevard, in the midst of all that the city has to offer.

A conversion of a former office block, the building will be transformed into 110 studio units, complete with communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, designed to cater for the needs of today’s students.

As with all Fortis Developments’ properties, Burgess House will be let and managed by an experienced rental management company who will be based on-site, to assist with any queries that residents may have and ensure the smooth day-to-day running of the building.

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Like the rest of Britain, Newcastle-upon-Tyne is experiencing a severe shortage of housing stock, exacerbated by the demands placed on the local market by the more than 49,000 students that descend annually into the city, to study at the renowned universities of Newcastle and Northumbria.

Within walking distance of the city centre and Newcastle United football ground, not to mention both university campuses, students living at Burgess House also have access to excellent local and national transport links, to allow them to explore their new home away-from home.

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Number of students studying at Newcastle University – 21,190 Number of students studying at the University of Northumbria – 27,815 Newcastle-upon-Tyne is now home to over 49,000 students from Newcastle University and Northumbria University.

Knight Frank, in their 2014 student property report, stated “whilst structural undersupply is a feature of all UK core markets it remains most pronounced in locations such as London, Edinburgh, Newcastle and Bristol”.

The North East retains the highest number of graduates out of any region, reported at 80% according to a report by Million+, showing that the region’s universities contribute most strongly to the local economy.

8,351 university owned beds

49,005 students

Savills’ Student Spotlight report names Newcastle as one of the worst cities for students occupying HMOs, and claims over 3,000 homes, currently occupied by students, could be unlocked for family use and result in £3.2 million additional council tax revenue per annum, if more purpose-built student accommodation was raised to house students.

Both Newcastle and Northumbria University saw a high increase in the number of accepted applicants from 2012 to 2013, a rise of 12.5% and 11.5% respectively, putting increasing pressure on the local housing market.

Newcastle University 2012 applicants

Newcastle University 2013 applicants

Northumbria University 2012 applicants Northumbria University 2013 applicants

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NEWCASTLE & HIGHER EDUCATION

Reported as being ‘structurally undersupplied’ by leading property experts Knight Frank in their 2014 Student Property Report, Newcastle is the perfect location for Burgess House, our newly launched boutique student accommodation project.

Home to more than 49,000 students studying at two renowned universities, the city requires purpose-built accommodation to alleviate the strain that is being placed on the local housing market.

Newcastle University

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Famed for being a regional centre for the arts, theatre and live music, students studying at Newcastle University will also have access to its 24hr library, which has won the Government’s Charter Mark for excellent customer service five times in a row – the only UK university to have achieved this level of excellence.

With its first-class sports facilities and an £8million refurbishment of its students union, the university also has one of the largest careers services in the UK and has won several national awards in this sector, making it an extremely desirable destination for students.

Northumbria University

Comprised of two campuses connected by a free shuttle bus, Northumbria University is the largest Higher Education institution in the North East of England, with the highest number of employed graduates in the region.

The university recently saw an increase in accepted applicants of 11.5%, no doubt a result of the award-winning bars and club venues on its campus and its fantastic students union, which was voted Union of the Year in 2011.

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LOCATION INFORMATION NEWCASTLE

Local amenities 1. Newcastle Central Metro 2. Eldon Square Shopping Centre 3. Newcastle Business School 4. St James’s Park 5. Newcastle University 6. Northumbria University

0.3 miles 0.5 miles 0.5 miles 0.6 miles 0.9 miles 1.1 miles

Newcastle, England

Distance to major UK cities Edinburgh, Scotland 106 miles Manchester, England 143 miles Nottingham, England 159 miles Birmingham, England 205 miles London, England 282 miles Cardiff, Wales 321 miles

Distance to major international cities Paris, France 556 miles Amsterdam, Netherlands 603 miles Berlin, Germany 951 miles Moscow, Russia 2,057 miles Abu Dhabi, United Arab Emirates 4,567 miles

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DEVELOPER PROFILE FORTIS DEVELOPMENTS

Setting the standards for student, leisure and residential development throughout the UK! Fortis Developments Ltd is one of the fastest growing development companies in the UK. The company was created to 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. We undertake luxury student accommodation and regeneration projects in prime locations at key university sites nationwide. Along with our careful choice of locations, the cornerstones of our success have been a combination of creativity and functionality.

It is our objective to create highly sought after developments in growing markets around the UK.

PURCHASE PROCESS HOW IT WORKS

Investing through Invest In New is a quick and easy process, simply;

Speak to a Invest In New Consultant and choose your apartment(s)

Complete the reservation form and pay the deposit

Solicitor instructed, legal documents and sales pack sent out

50% of the balance is payable upon exchange of contracts *

Balance of 50% payable upon completion of your apartment

Contact a property consultant today to reserve the best apartment!

Tel: +44 (0)114 2450543 | www.investinnew.co.uk

*Contracts need to be exchanged within 21 days of reservation/planning approval

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FREQUENTLY ASKED QUESTIONS WHAT YOU NEED TO KNOW

Am I buying as freehold or leasehold?

250 years leasehold

What is the address of the site?

Burgess House, 93-105 St James Boulevard, Newcastle NE1 4BW

Are there tenants already in place?

No, Burgess House is a refurbishment of a former office building

What are the projected annual returns on this project?

Returns of circa 9.16% are assured for the first 2 years

Can I receive finance on this development?

There is currently no finance 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 Fortis Student Living, who will block manage and let the building 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?

No, you are free to sell your unit on the open market

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