Investor Brochure 2016 x165599_HSCF_p7_sh.indd 1
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W
elcome to our 2016 edition of the Boutique Finance Investor Brochure.
The Boutique Finance Investor Brochure will now be sent to you by way of an update on how your investment is utilised, and the exciting new projects we have in the pipeline. We will continue to send newsletters via email so ensure our marketing department have your correct email address. Contact them on marketing@thehighstreetgroup. com to confirm your details. We have had a tremendous six months with many projects being completed, being progressed, and new projects under construction. Again, we found our landmark project, Larbert House & Country Estate, being nominated for Renovation of the Year at the Scottish Home Awards, and narrowly missing out on receiving the award. The High Street Group has also diversified by setting up All Saints Stays, a division concentrating on holiday lets and serviced apartments in areas of high demand, and we are delighted that our Harrogate apartments are already fully booked on a regular basis. You can benefit from special offers and discounts throughout the year as a Boutique Investor, visit www.hsbf.co.uk for more information. We have also launched All Saints Homes, a company which provides high quality rentals, predominately North East based. All Saints Homes purchase and renovate individual properties to a higher than market average, and these are then rented out through our Asset Management partner, Ben Charles Estate Agents. As always, you can keep up to date by visiting our websites and social media channels detailed on the reverse of this publication. We look forward to bringing you the next instalment of the Investor Brochure. Gary Forrest Chairman
Bardywell Heights W H I T E H A V E N
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Larbert House & Country Estate, Stirlingshire
Sensitive conversion of a Grade II listed mansion, barns, outbuildings and walled garden to provide 56 lu
Overview Conversion of a Grade II listed mansion, barns, outbuildings and walled garden to provide aspirational homes with country estate living. The Larbert House & Country Estate development is set in the woodland grounds of Larbert House, Stirlingshire. This landmark development is a £19million restoration and sensitive conversion of the derelict Larbert House and stable block into luxury apartments. It will also include: four new build sections comprising of a mews block to mirror the existing stable, eight luxurious detached homes nestled within the walled garden, seven detached properties to the west of the walled garden and a group of three large distinctive detached properties settled within mature trees on the east site.
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So far in 2016 Larbert House has been nominated for and won a number of Property Awards. In March, Larbert House won ‘Best Renovation Project – Scotland’ at the Build Property Awards, with All Saints Living also scooping ‘Best Medium-Sized Builder – UK’. In June, The Stables at Larbert House was nominated for ‘Best Renovation’ at the Scottish Home Awards. All Saints Living has already sold 38 of the 56 units available, with Phase 3 of the development being launched Autumn 2016. More information on this exciting development, including plot sizes, specifications and availability, can be found at www.larberthouseestate.com.
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ire
ovide 56 luxury homes in the heart of Scotland.
PHASE 3
PHASE 3
ONE REMAINING
Key Facts • Sensitive conversion of a Grade II listed mansion, stables, outbuildings and walled garden • 56 aspirational, individual homes within a vast country estate • Private loch • Nominated and won prestigious property awards • Close to amenities of Larbert Village and Stenhousemuir. Well connected to Falkirk, Glasgow and Edinburgh • 38 units sold to date • Phase 3, construction of the new stable block and house extension, will be released late summer 2016.
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Burn Brae House, Hexham
Grade II listed Georgian building transformed into 6 grand apartments.
Overview The former site of Burn Brae Medical Group, All Saints Construction have now completed the development of this grand Georgian building into 6 two bedroom apartments and a 3 storey, 2 bedroom town house.
Key Facts • Completed successful renovation of derelict building, bringing a new lease of life to a popular part of town
We have demolished some of the later, less attractive additions to the building and constructed an extension to the west gable to match the exterior of the property. There is a lift with access to all floors with internal balconies overlooking the glazed front atrium area. Electric gates provide entry to the private, secure car park with dedicated parking bays for each apartment.
• Retaining an abundance of period features
The building is located on Hencotes, a road winding through the popular West End of Hexham. It is well placed for its ease of access into Hexham’s town centre, with its historic Abbey, shopping facilities and excellent schools and sporting facilities.
• All units sold with 4 months of launch and occupied by July 2016
Each of the units has now been sold, bringing in sales values of £2,000,000, and the project completed July 2016.
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• Each apartment benefits from 2 parking spaces • Grand glass atrium with internal balcony walkways
• Links easily into Newcastle to the east via the A69 and to Carlisle and Cumbria to the west • Sales figures of £2,000,000.
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Aidan Gardens, Durham
Development of a former Care Home into 26 houses in Belmont, County Durham.
Overview A former Durham County Council Care Home site, Aidan Gardens is the development of 26 three, four and five bedroom houses in Belmont, County Durham.
Key Facts • 26 residential properties in an extremely desirable location
We started on site early 2016 and have demolished the existing building to make way for desirable family homes in this popular residential area of Durham. Planning permission was granted in November 2015 and construction started early 2016.
• Close proximity to Durham City Centre
There has been lots of interest in these new build properties, with 12 reservations taken so far. The close proximity to Durham City Centre, excellent amenities and vital links to the A1 motorway means this site is proving very popular with families and professionals.
• Access to nearby Ramside Golf Club and facilities
The project is progressing extremely well and we expect All Saints Construction to be finished on site April 2017.
• Fantastic links to the A1 motorway, will appeal to commuters
• Local primary school and shops within walking distance • Situated in an area of high rental demand • Majority of sales expected to be off-plan • Excellent access to nearby Ramside Golf Club and facilities • 12 reservations off plan.
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The Walled Gardens, Gosforth
Regeneration of 2 former walled gardens into 14 executive properties.
Overview This development will be situated across two walled gardens; the northern walled garden will contain eight, four bedroom semi-detached properties that have been designed to a contemporary finish, incorporating large south facing windows maximising capture of natural light. The southern walled gardens will contain a further six, five bedroom semi-detached properties. These properties will be finished in a more traditional style in order to complement the surrounding dwellings. The £11 million project is being delivered by All Saints Living and will create 14 four and five bedroomed, contemporary, executive homes in this unique setting. The walled garden originally served the 18th Century Brandling Hall and was, more recently, home to a garden centre and aquatics retailer. Its sale for redevelopment has supported the much vaunted improvement programme at the racecourse. Director for All Saints Developments (NE) Ltd. Keith McDougall, said: “In an area renowned for its landscaping and wildlife, we will be building homes
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which are sympathetic to their surroundings with plenty of natural light and open, green spaces. “To retain the natural look of the site when viewed from a distance, these homes will also have sedum (grass) roofs, while the six, five bedroomed properties in the southern garden will have zinc roofs – resembling those of greenhouses.” There has already been exceptional interest in this unique site which is being marketed by Bradley Hall, Gosforth and will be formally launched November 2016.
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Key Facts • 14 four and five bedroom contemporary homes • Ideally located for access to the A1 and Newcastle City Centre • Situated in the grounds of Newcastle Racecourse • Sympathetic build, taking into account the natural environment • Grass and zinc roofs complementing local surroundings. • Marketed by prestigious North East Estate Agents, Bradley Hall. • Work begins on site November 2016, expected completion within 15 months.
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The Bungalows, Rennington
Construction of two new build detached bungalows in Northumberland.
Overview Towards the end of Autumn 2016 All Saints Living will begin the development of two exclusive detached bungalows, in land adjacent to another of our development projects ‘Stamford Lea, Rennington’. Stamford Lea was the successful conversion and renovation of a former 18th century public house and outbuildings into five executive homes. This created a hamlet in the beautiful Northumberland countryside into which the new bungalows will fit perfectly. Each bungalow will mirror the features and materials of the five houses, with local stone and characterful features reflected in each property. Work will begin on the bungalows late Autumn 2016.
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Key Facts • Creation of a small hamlet in a rural setting, close to historic Alnwick, Northumberland • Distinctive, characterful properties • Conversion of 18th century blacksmith’s cottage and former coaching inn • Highly versatile living accommodation with stunning views of surrounding countryside • All existing units sold and occupied in 2015/2016 • Construction of 2 new build bungalows due to commence late Autumn 2016
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Morar House, Helensburgh
A listed Arts and Crafts house with extraordinary views over the Clyde Estuary.
Overview Morar House is located in the upmarket area of Helensburgh on the north shore of the Firth of Clyde. It is magnificently placed to benefit from the extraordinary outward views over the Clyde Estuary. The house is a unique and impressive A listed William Leiper designed mansion adjacent to the ‘Hill House’. The house has been vacant for a number of years but there are still numerous original features present. All Saints Living have received planning permission to create 6 spacious apartments in the original house and to develop a new build extension within the 1.59acres of land, also housing 6 apartments.
Key Facts • Magnificent period property on 1.59acres of elevated land • Breathtaking views over the Clyde Estuary • Existing building designed by renowned architect William Leiper (1839 – 1916) • Renovation of 6 apartments in the existing house • Creation of new build extension, also housing 6 apartments
Planning permission has also been obtained for 3 larger detached properties in the grounds of the main house.
• Work expected to begin on site January 2017
All Saints Construction expect to be on site in January 2017, with a completion date of December 2017.
• Planning permission for 3 large detached properties within the grounds.
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Boutique Partners High Street Boutique Finance has recently launched its Boutique Partner Program for select high net worth individuals and private investors. High Street frequently come across one-off, specialist investments, and have launched Boutique Partners to share these investment opportunities with an exclusive group of people. The partners will always have first choice of appropriate Special Purpose Vehicles (SPVs) to invest in, that are not available to the retail public as a direct investment. Investments are usually asset backed, expertly researched and produce returns on capital that are well above the market norm. Bespoke Boutique Partner terms can be tailored to fit a client’s appetite to risk and length of capital exposure.
Corporate Finance The specialist corporate finance division assists companies who are already listed, or wish to be listed, on the London Stock Exchange (LSE) or Gibraltar Stock Exchange (GSX). High Street Boutique Finance are experts in raising finance and organising listings, and are happy to assist companies who wish to raise funds and are looking for help in the next step. They can advise companies on the admission process and the listing requirements, describe the advantages and disadvantages of an IPO and if appropriate suggest other routes to growth. For the right companies, High Street Boutique Finance will co-ordinate the admission, provide advice on timing and strategy and ensure all the advisors working on the transaction are doing so in a cost-effective and timely fashion. Once admitted to the required Stock Exchange High Street Boutique Finance will continue to provide support and advice. They stay in regular contact with clients to help maintain an understanding of the business allowing them to provide a quality service and appropriate guidance with respect to the regulatory environment.
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Silbury Boulevard, Milton Keynes
Overview We have secured the purchase and exchanged contracts on a large commercial development in Milton Keynes. Presently the site consists of land and two existing office blocks. The development will involve the demolition and replacement of the current building with a 7/8 storey block of flats and commercial units on the ground floor. All Saints Construction propose to knock down the existing building and replace it with 146 apartments; 57 with 1 bedroom and 89 with 2 bedrooms. The purchase price is £4.5million and it has been sold upon completion to a Private Rental Scheme fund for £33million. All Saints Construction expect the build to take 20 months. Keep up to date with progress on our website www.hsbf.co.uk.
Key Facts • Boutique Partners, high net worth investor club latest offering • Purchase and resale of a large plot of commercial land in Milton Keynes • Existing office blocks to be demolished and rebuilt as 7/8 storey residential flats • Planning submission has been developed by the seller and already submitted (permissions assigned to us on purchase) • Purchase price is £4.5million • Sold upon completion to a fund for £33million. • Visit www.hsbf.co.uk for progress and information.
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All Saints Stays
Offering serviced apartments, holiday lets and hotel accommodation.
Overview All Saints Stays now provides luxury accommodation for business and leisure travellers. Having seen the potential and rising demand for holiday and business accommodation, All Saints has spent recent months developing serviced apartments of the highest standard in some of the most desirable locations across the UK. In the first few months of launch we’ve seen occupancy levels steadily increase and stabilise. Many travellers now prefer to stay in a serviced apartment or holiday home rather than a hotel. With fully fitted kitchens for family meals around the table, and spacious living rather than a cramped hotel room, a holiday let is a home away from home. All Saints Stays currently has 1 apartment available in Richmond, North Yorkshire, 4 apartments in Harrogate and 5 apartments on Whitehaven Marina. Soon to be refurbished is a 32 bedroom hotel in the popular seaside town of Whitley Bay.
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Key Facts • 5 star exclusive and unique properties • Serviced Apartments, Holiday Lets and Hotels in desirable locations • Apartments in Richmond, Harrogate and Whitehaven • Exploring further hotel projects – agreed terms on 32 bed hotel in Whitley Bay • Investment decisions based on location – all properties in highly profitable areas. • Visit www.allsaintsstays.com for more information
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Frenchgate House, Richmond
Conversion of an 1820s Grade II listed building into 4 spacious apartments.
Overview A conversion of four stunning luxury apartments within an imposing Georgian townhouse, on the enviable location of Frenchgate, Richmond. Frenchgate House is set in an elevated position giving sweeping views over the town and surrounding award winning countryside. A mature cedar tree is the main feature of the beautiful walled garden. In 2016 Apartments Two and Four sold quickly and Apartment Three is rented out on a long term tenancy agreement. In early 2016, All Saints Stays began to offer the ground floor duplex apartment as an exclusive holiday let, giving rise to the new arm of the business, All Saints Stays. Apartment One is a 5 star holiday let, which sleeps 6-8 people and offers luxurious fully furnished accommodation. Apartment One is progressing well and has limited availability until the end of 2016.
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Key Facts • 4 high specification apartments, minutes from the market place in Richmond, North Yorkshire • Retaining original Georgian features throughout, including grand portico entrance, cornicing and mosaic floor • Communal south facing garden with views down to River Swale and surrounding countryside • Richmond is situated on the edge of the North Yorkshire Dales National Park, and is one of the park’s tourist centres • Apartment One now offered as exclusive holiday accommodation – www.frenchgatehouse.com
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45 St. George’s Road, Harrogate
Renovation of characterful Georgian townhouse into 5 luxurious apartments.
Overview This substantial semi-detached Georgian building, situated on a pleasant tree-lined avenue in a popular area of Harrogate, comprises five separate apartments, all finished to a high standard. Harrogate boasts a wealth of cultural activities and is famous for its horticulture, historic buildings, stunning scenery and natural springs. This beautiful Georgian town sees a steady influx of a range of buyers and tenants year-on-year. With one of the ground floor apartments being sold, in early 2016 All Saints Stays began letting the other 4 units as Serviced Apartments. The range of 1 and 2 bedroom fully furnished apartments have had a steady flow of residents since launch and have limited availability for the remainder of 2016. Close proximity to Harrogate City Centre and the added bonus of parking for each apartment ensure the St. George’s Road townhouse is very popular amongst business and leisure travellers.
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H A R R O G A T E
Key Facts • Original Georgian features retained where possible • High specification kitchens using the latest energy efficient feature lighting, with induction ovens, fridge/freezers, washer/ dryers and dishwashers as standard • Flexible living space • 4 units now offered as fully managed exclusive serviced apartments • Parking for each of the properties • Minutes from the popular spa town of Harrogate. • For more information visit www.45stgeorgesroad.com
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Bardywell Heights, Whitehaven
Construction of 14 luxury apartments overlooking Whitehaven Marina.
Overview Bardywell Heights is a brand new 5-storey building in an enviable location on the harbour side of Whitehaven, with the apartments offering fabulous views of the historic Whitehaven Marina. The apartments have been carefully designed to complement the local environment, offering a combination of wood, brick and render. This state of the art building has a lift, secure entry system and a parking space for each apartment.
Bardywell Heights W H I T E H A V E N
Key Facts • Development of 14 one and two bedroom luxury apartments • Situated on the picturesque Whitehaven Harbour • Lift access to all apartments, secure entry system and parking for each apartment
In September 2016 All Saints Stays will offer 5 of the 14 units in Bardywell Heights as Serviced Apartments. Each of the 2 bedroom apartments will be fully furnished, with five star luxury fittings and high end appliances.
• Contemporary and unique building design with natural cedar wood external cladding
A unique 2 bedroom penthouse with private terrace gives panoramic views over the Cumbrian coastline. There has been a great deal of interest in these apartments prior to launch and we expect high tenancy rates.
• 5 units now offered as fully managed exclusive Serviced Apartments.
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• Less than an hour from Cumbria’s Lake District National Park
• For more information visit www.whitehavenservicedapartments.com
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All Saints Homes
Overview All Saints Homes is the rental property arm of All Saints Living. All Saints Homes aim to buy property in areas of high rental demand, ideal for families and young professionals. Each property is refurbished to a high standard and ready to move in to. Every home is freshly painted, many properties benefit from new kitchens, bathrooms and flooring, and a standard All Saints Homes specification. These are not just houses, they are homes. All Saints Homes currently have13 properties, 5 of which are already rented out to tenants, with the remaining due to be let over the autumn/winter. All properties are managed by Ben Charles Asset Management who provide a superior service. Contact Ben Charles on 0844 272 1436 for further information.
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Key Facts • Rental properties in areas of high rental demand. • Homes refurbished to a higher than average standard. • 13 properties currently, with more coming over Winter 2016. • 5 homes already let to tenants, the remaining to be filled in coming months. • Managed by Ben Charles, reputable Asset management company based in Durham City Centre. • For more information visit www.allsaintshomes.com
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1
Potential New Projects
10
27
11
GA BE ST
2
26
1
'S
Tunstall Lodge
Dwelling Plot Area m2 Storeys
3
rden en Ga Kitch The
1
1
GLA
2
DE
The Crossways
Norlands
16 15 18 19
3
21
17
13
20
No.18 No.19 No.20 No.21 No.22 No.23 No.24 No.25
1
14 22
11
10
12
10
9
8
23
7 8
25 24 6
E PARK AVENU
Bradgate Lodge El Sub Sta
Tunstall Grange 5
4
Oakridge 3
2
East Lodge
1
PCs Pav
Shelter
ADE THE PAR
West Lodge
Parklands Pav
• Lenzie - Planning submitted for 9 apartments in an existing school building and a further 9 apartments in a 3 storey extension. The site is located in Lenzie which is a town 15 minutes’ drive North East of Glasgow, the site is five minutes’ walk to Lenzie train station and there is a strong downsizer market in the area. • Whitley Bay - Regeneration of a 32 bedroom hotel in popular North East seaside town. Addition of restaurant and wine bar adjacent to the existing building. • Hartlepool - Proposed development of a 25 unit housing development on land off Park Avenue and the Parade, formerly occupied by Victorian mansion Tunstall Court. Creation of 25 large detached executive homes. • Quarrier’s Village - We are preferred bidder on Quarrier’s Village, a beautiful site 25 minutes south west of Glasgow. The project comprises an 8 unit housing development, all detached villas; four with 6 bedrooms and four with 4 bedrooms. • Durham City Centre Hotel - We are preferred bidder on a building in Durham. Currently a Durham County Council building, we aim to redevelop the building into a 90+ bedroom hotel.
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No.1 No.2 No.3 No.4 No.5 No.6 No.7 No.8 No.9 No.10 No.11 No.12 No.13 No.14 No.15 No.16 No.17
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765 630 525 580 580 875 895 695 550 400 650 520 535 550 715 525 525 515 470 600 690 650 500 860 660
3 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 2 2 3 2
Financial Report 2016 Drawing SK03 rev E 26/05/2016
DE
11
Total
5 4 4 3 4 3 3 5 3 4 3 4 4 4 4 4 4 4 4 4 5 4 4 6 4
Baths/ens/ GF WC 2/3/1 1/1/1 1/1/1 1/1/1 1/1/1 1/1/1 1/1/1 1/2/1 1/1/1 1/1/1 1/1/1 1/1/1 1/1/1 1/1/1 1/2/1 1/1/1 1/1/1 1/1/1 1/1/1 1/1/1 2/2/1 1/1/1 1/1/1 2/3/1 1/1/1
Garage
Integral Integral Integral Integral Integral Integral Integral Integral Double Detached Integral Integral Integral Integral Integral Integral Integral Integral Integral Integral Single Detached Integral Double Detached Integral
6070 243m2 average (2600 sq ft)
9
Notes
Integral Double detached
Dormer Bungalow
Dormer Bungalow Dormer Bungalow
Dormer Bungalow
£2,
7
Dormer Bungalow
Tunstall Grange 5
Oakridge
444 ,77 3
GLA
No.18 No.19 No.20 No.21 No.22 No.23 No.24 No.25
410 210 200 190 200 195 190 300 190 250 190 250 250 250 280 225 205 215 215 215 340 200 250 410 240
£2,
'S
17
672
3
£1,
ADE THE PAR
20 x165599_HSCF_p7_sh.indd 21
Net Profit
70%
2016 Profit Forecast
16
Expenditure
15
Income YTD
inc rea Net se in Pro fits
76
£33
1,6
£61
4,9
933
£ (millions)
Parklands
20
3
3 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 2 2 3 2
,55 8
GA BE ST
16
765 630 525 580 580 875 895 695 550 400 650 520 535 550 715 525 525 515 470 600 690 650 500 860 660
776 ,38 9
11
26
No.1 No.2 No.3 No.4 No.5 No.6 No.7 No.8 No.9 No.10 No.11 No.12 No.13 No.14 No.15 No.16 No.17
£2,
Dwelling Plot Area m2 Storeys Floor area m2 Beds
287 ,55 1
27
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Social Media The High Street Group of Companies prides itself on its ability to communicate with its clients; whether they are Corporate Finance companies or buyers of All Saints Living homes. One of the main priorities of the Group is to ensure they are open and honest with clients and one way of guaranteeing that is through the various social media sites available online. As an investor of High Street Boutique Finance we feel it would be beneficial for you to follow the Group via our diverse social media channels. Here we provide an overview of the many ways of keeping up to date with progress of your investment and following the day-to-activities of our company. Search The High Street Group, All Saints Living or All Saints Stays on Facebook, Twitter, LinkedIn, Google+ and YouTube and follow, like or subscribe to receive regular updates.
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2nd Floor Cuthbert House All Saints Business Centre Newcastle upon Tyne Tyne and Wear NE1 2ET Tel: 0191 211 4120 Fax: 0191 232 2763 Email: info@hsbf.co.uk www.hsbf.co.uk www.thehighstreetgroup.com www.allsaintsliving.com
High Street Boutique Finance is a trading style of High Street Commercial Finance Ltd. Registered in England & Wales. Company Number: 07841268 Registered Address: 2nd Floor Cuthbert House, Newcastle upon Tyne NE1 2ET. High Street Boutique Finance is a part of The High Street Group of Companies.
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