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DEVON HOUSE LIVERPOOL KNOWLEDGE QUARTER STUDENT APARTMENTS

DEVON HOUSE - BeckettHanlon Worldwide Property · Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will

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Page 1: DEVON HOUSE - BeckettHanlon Worldwide Property · Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will

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DEVON HOUSELIVERPOOL

KNOWLEDGE QUARTERSTUDENT APARTMENTS

Page 2: DEVON HOUSE - BeckettHanlon Worldwide Property · Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will

Devon House is the latest student development from YPG. Located in the heart of Liverpool’s student district, this development will benefit from the £1 billion which has been invested into Liverpool’s Knowledge Quarter.

Devon House will consist of 162 fully managed studio apartments to cater for the rapidly increasing student market in Liverpool.

All apartments are furnished to the highest standard and include a tablet computer for each student.

This clever technology allows tenants to book communal areas, control heating, request maintenance 24/7, communicate with others in the building, receive information from on-site management and order outside services like food orders and laundry.

Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will include study spaces, a breakout room, cinema system, pool tables, on-site gym and a cooking/dining area that seats up to 10 people.

As a result, Devon House will offer students the best of Liverpool living at an affordable price – while giving investors 8% net rental income.

DEVON HOUSE 8% rent assurance is backed by a bank bond - extra security for our clients

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Page 3: DEVON HOUSE - BeckettHanlon Worldwide Property · Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will

Large Studios from £67,950

8% Assured Rental Income for 3 Years

150m from the University

Next to the Royal University Hospital

Award Winning Student Developer

In the Heart of £1 Billion Knowledge Quarter

Free Tablet Computer for all Students to Control

Smart Apartment Technology

INVESTMENT OVERVIEW

Private student accommodation continues to outperform all other forms of property investment in the UK. With low entry prices, stable yields and low void periods, it’s one of the most lucrative ways to expand your portfolio. Plus, there is zero stamp duty payable on all student properties.

Demand for high-quality student accommodation is increasing exponentially. On A-Level Results Day 2016, Ucas announced that a record number of students were accepted to universities and colleges.

The influx of overseas students is also contributing to rising demand. There’s no cap on the number of overseas students, and the Government forecasts the number will rise by 15-20% over the next 5 years.

Although most first-year students secure university-owned accommodation, others need to look elsewhere. This results in more than 70% of students in university towns renting privately – and they’re demanding convenient locations, quality furnishings and on-site amenities. This offers you a compelling investment opportunity.

WHY STUDENT ACCOMMODATION?

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Liverpool is at the centre of the UK’s second largest regional economy with access to six million customers, an economy worth more than £121 billion and 252,000 businesses.

Liverpool has been experiencing phenomenal growth over the last few years and is set to grow even further over the next 10 to 20 years.

The city has secured a significant number of regeneration projects including the £350 million L2 Superport, £150 million Project Jennifer, £260 million Anfield Stadium Regeneration, £1 billion Liverpool ONE Sho ping Centre and the £5.6 billion Liverpool Waters.

In addition to this, the population of young professionals and students is growing as the city attracts people from all over the world. In 2012 there where 57 million visitors to Liverpool, supporting over 50,000 jobs. Liverpool is now seen as a great place to stay and is ranked 5th for overseas visitors.

Proportionally, the city has the highest number of overseas students. The city also has one of the best environments for students in the UK, ensuring it will remain a popular student location for the foreseable future, despite any external economic situations.

ABOUT LIVERPOOL

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Page 5: DEVON HOUSE - BeckettHanlon Worldwide Property · Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will

Liverpool has announced plans for a £1 billion development in the city’s Knowledge Quarter.

The Knowledge Quarter is the area Liverpool City Council is developing as an academic hub. It’s already home to the University of Liverpool, Liverpool School of Tropical Medicine, Royal Liverpool University Hospital, Liverpool Hope University and Liverpool John Moores University.

This enormous project is called Paddington Village, and it will cover 30 acres behind Royal Liverpool University Hospital.

The development plans are ambitious, to say the least. There will be an array of new houses, businesses, conference space, laboratories and academic buildings. And there’s also talk of a skyscraper and a trainstation.

Knowledge Quarter CEO Colin Sinclair told the Liverpool Echo that thousands of new jobs could be created via Paddington Village.

‘This is a landmark, a historic moment in the future of Liverpool…When that kind of investment is being made, you can really say to any investor from around the globe that Liverpool is a city of opportunity.

It’s a step change. We’re not dabbling around the edges here. We’re trying to create something that is lasting for the city.’

Phase 1 of Paddington Village is likely to begin in 2017.

KNOWLEDGE QUARTER £1 BILLION INVESTMENT

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Page 6: DEVON HOUSE - BeckettHanlon Worldwide Property · Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will

DEVON HOUSE

LIVERPOOL SCHOOL OF TROPICAL MEDICINE

SITE OF NEW £260M ROYAL LIVERPOOL UNIVERSITY HOSPITAL

UNIVERSITY OF LIVERPOOL

LIVERPOOL METROPOLITAN CATHEDRAL

LIVERPOOL HOPE UNIVERSITY CITY CAMPUS

NEW £100M LJMU CAMPUS

ST GEORGE’S HALL

LIVERPOOL LIME STREET STATION

LOCATION MAP

Liverpool Hope University City Campus - 150 Metres

New £335m Royal University Hospital - 400 Metres

Liverpool University - 500 Metres

LJMU Byrom Street Campus - 700 Metres

Lime Street Station - 700 Metres

New £100m LJMU Campus - 600 Metres

Liverpool Central Station - 900 Metres

Liverpool Institute of Performing Arts (LIPA) - 1 Kilometre

Liverpool ONE Shopping Centre - 1.2 Kilometres

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STUDIO LAYOUT

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FINANCIAL INFORMATION

ADDITIONAL INFO

First 3 Years Assured Rental Income: 8% less £350 Ground RentRental Calculations After the 3 Year Assured Rental PeriodProperty Price £67,950

Monthly Rent £150 per Week

Gross Rent £7,500 (50 weeks)

Service Charge & Management Fee £1,150

Ground Rent £350

Net Rental £6,000

Net Yield 8.8%

Leasehold Term 125 Years

Planning Approved 13th Dec 2016

Construction Begins April 2017

Completion Date Q4 2018

DEVON HOUSELIVERPOOL

KNOWLEDGE QUARTERSTUDENT APARTMENTS

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Page 10: DEVON HOUSE - BeckettHanlon Worldwide Property · Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will

RESERVATION PROCESS

Once you’ve selected your unit(s) with the help of your relationship manager, please complete the reservation agreement and return it with a copy of your passport. At this time you also need to pay a reservation deposit of £5,000 by transfer, debit or credit card.

Once your relationship manager has received your paperwork and deposit, our client care team will assist you through exchange and completion.

You will need to instruct a solicitor. We can recommend solicitors with experience in Liverpool student property. Your solicitor will advise you of the paperwork required from you – please return this promptly so the process moves as quickly as possible.

On exchange of contracts, you pay 50% of the purchase price, less your reservation deposit. The next 25% will be paid in setional completion (wind and watertight), and the final 25% on completion in Q4 2018.

PAYMENT STRUCTURE

DEVELOPER PROFILE

“AWARD WINNING DEVELOPER”Liverpool | Nottingham | Manchester

YPG Developments specialises in property development and investing in lucrative asset classes within the sector.

They run a number of companies working with joint venture partners and high net worth overseas investors.

They maintain strong relationships with the UK’s leading house-builders, developers and financial advisers to ensure that you receive unique and exclusive opportunities.

As experts in the property investment market, they have a successful track record of both buying lucrative investments and selling investment properties nationally.

YPG Developments LTD

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PAY £5,000 RESERVATION DEPOSIT

COMPLETE RESERVATION FORM

50% UPON EXCHANGE

25% WHEN THE PROPERTY IS AT SECTIONAL COMPLETION ( WIND AND WATERTIGHT)

25% ON COMPLETION IN Q4 2018

Page 11: DEVON HOUSE - BeckettHanlon Worldwide Property · Devon House will also have advanced light sensor and heating systems, reducing energy costs by more than 20%. Communal areas will

F.A.Q’S

Is One Devon House Off Plan Or A Refurbishment?Devon House is an off plan student residence.

Am I Buying A Leasehold Or Freehold Property?125-year leasehold.

When Will Construction Be Completed?Estimated completion is Q4 2018.

What Is The Site’s Adress?33 Devon Street, Liverpool, L3 8HA.

Is There A Rental Assurance?The rental assurance is 8% for 3 years. The developer will, upon completion, place £300,000 with their nominated Solicitor, as an assurance bond to pay the rental income.

Is There Ground Rent And A Service Charge?Annual ground rent is £350. You pay this directly to the freeholder, and it’s not included in the net rental assurance. The service charge is estimated at £1,142.90 per year.

When Is My Rental Income Paid?Quarterly in arrears.

How Much Is The Deposit?To reserve a property, a £5,000 reservation deposit is required.

Is There A Management Company In Place?Rebloom Ltd will be managing the property on completion and are assisting with project delivery.

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DISCLAIMERThese particulars are provided as a general guide only, subject to contract and availability.

They are not intended, nor do they contain, any representation of fact upon which any interested party is entitled or should rely. Consequently, this literature should be treated as a general guidance and cannot be relied upon as accurately describing any of the specified matters described in any order made under the Property Misdescription Act 1991.

All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each time. The information provided is intended for illustration purposes only and could change, for example, in response to market demand or ground conditions. Journey times to and from the property are for guidance only, and prospective purchasers or lessees should make appropriate enquiries.

Financial illustrations are based on our own assumptions and are not intended to be representations of future performance. Prospective purchasers must rely on their own due diligence.

DEVON HOUSELIVERPOOL

KNOWLEDGE QUARTERSTUDENT APARTMENTS

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