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LUXURY CITY CENTRE LIVING

© Benoit Properties International


CONTENTS 02

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CONTENTS

ABOUT NOTTINGHAM

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INTRODUCING ST MARKS, NOTTINGHAM

FLOOR PLANS

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UK RESIDENTIAL PROPERTY MARKET

SPECIFICATIONS

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12

CURRENCY ADVANTAGES

APARTMENT CHOICESS

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13

PRIME CITY CENTRE LOCATION

FAQS AND PURCHASE PROCESS

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14

MAP

PROJECT TEAM

08 WHY NOTTINGHAM

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© Benoit Properties International


INTRODUCING

ST MARKS NOTTINGHAM In collaboration with The Yu Group, Benoit Properties International is proud to present its newest luxury residential property; St Marks Nottingham. The development, worth approximately £4.5million, is a new build construction of 49 residential studio apartments and meets the need of the modern post-graduate and young professional. Ideally positioned in Nottingham City Centre next to all shops, bars and restaurants, St Marks is widely anticipated to become one of the most sought after residencies in Nottingham, one of the UK’s most popular university cities.

WHY INVEST? TWO YEAR 7% NET RENTAL AGREEMENT IN PLACE

FULLY MANAGED AND HASSLE FREE FOR INVESTOR BUYERS

PRIME CITY CENTRE LOCATION

PRE-LAUNCH AVAILABILITY FROM

BUILT BY EXPERIENCED DEVELOPER THE YU GROUP

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£89,950 © Benoit Properties International


UK RESIDENTIAL PROPERTY MARKET Property prices across the UK have been predicted to rise by 4.5% per year for the next five years according to the Royal Institute of Chartered Surveyors (RICS) It says that shortage of supply is continuing to push up prices and has identified the North West, West Midlands and East Anglia as the property hotspots likely to record above average gains. The RICS predictions come as figures from online service Zoopla show that home prices in Britain have risen by an average of 7.35% since the start of the year – equivalent to £19,348 or almost £57 a day. The average value of a British home now stands at £325,575. The RICS report says that the inventory on estate agents’ books is close to a historic low due to ‘the legacy of building on an insufficient scale’, with the result that the number of transactions to fall slightly short of the 1.25m recorded in 2016. Simon Rubinsohn, RICS’ Chief Economist, said: “Although recent announcements by the government

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on housing are very welcome, the ongoing shortfall of stock across much of the sales and lettings markets is set to continue to underpin prices and rents.” The recent Residential Market Survey by RICS says that demand from tenants continues to outstrip the supply of rental properties. Both RICS and ARLA – the Association of Residential Lettings Agents – have reported a decrease in supply of rental properties. The latest figures from the Office for National Statistics show that private rental prices paid by tenants in Great Britain rose by 2.3% in the year to November 2016.

© Benoit Properties International


CURRENCY ADVANTAGES - CAPITALISE ON THE LOW GBP With the pound trading at an historic low against the world’s major currencies, now is the perfect time for foreign buyers to acquire property here in the UK. With a significant shortage of supply in the UK property market, prices and rents are rising steadily. The latest figures from the Office for National Statistics show that private rental prices in England grew by 2.5% in the 12 months to the end of September 2016. Matt Lavin Director of Benoit Properties says: “UK property currently presents a sound investment opportunity and, following the latest falls in the value of sterling, those working overseas and being paid in a foreign currency can effectively buy at a significant discount.”

According to UN statistics, around 4.2 million Britons live overseas of which by far the greatest number – 1.3 million – located in Australia. The Australian dollar is currently trading at around £0.60 – the highest since 2013 and around 37% higher than a year ago. Meanwhile in the USA and Asia – the dollar is currently worth around £0.80, 16% higher than a year ago and the highest for around 30 years. Residents in other countries with currencies pegged to the dollar – such as the 20,000 or so ex-pats in the UAE – can enjoy the same benefit. These currency advantages make the UK property market arguably one of the strongest and most secure places for foreign buyers to park capital for the mid to long term.

“ UK PROPERT Y CURRENTLY PRESENTS A SOUND INVESTMENT OPPORTUNIT Y AND, FOLLOWING THE L ATEST FALLS IN THE VALUE OF STERLING , THOSE WORKING OVERSEAS AND BEING PAID IN A FOREIGN CURRENCY CAN EFFECTIVELY BUY AT A SIGNIFICANT DISCOUNT.” Matt Lavin, Director of Benoit Properties

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PRIME LOCATION St Marks is located in the heart of Nottingham City Centre directly opposite the Intu Victoria Shopping Centre, short walk from Nottingham Trent University and all designer shops, bars and restaurants.

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0 A6 St Marks Residence, St Marks Street, Nottingham, NG3 1DE

MAP

NOTTINGHAM CASTLE GROUNDS

A60

KEY Intu Victoria Shopping Centre 0.3 miles Market Square 0.6 miles

A60

MEADOW LANE STADIUM

River Trent

Railway

Nottingham Castle 0.8 miles

Riv er Tre nt

Nottingham Trent University 0.4 miles

Nottingham Forest Football Club 1.7 miles Trent Bridge Cricket Ground 1.8 miles

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© Benoit Properties International


WHY NOTTINGHAM?

Rental yields in Nottingham are almost 3 times higher than London (Telegraph) The UK’s 3rd largest student population Ranks in the top 5 UK cities with the highest rental yields Huge tourist industry contributing over £139m to the annual local economy Nottingham Trent is the most popular University in the UK with over 48,000 applicants applying for 5500 places in 2012 and is home to over 60,000 students Appears in the Russell Groups top 20 for attracting overseas students & has twice been named the UK’s university of the year in the past 5 years

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© Benoit Properties International


ABOUT NOTTINGHAM Property prices across the UK have been predicted to rise by 4.5% per year for the next five years according to the Royal Institute of Chartered Surveyors (RICS) It says that shortage of supply is continuing to push up prices and has identified the North West, West Midlands and East Anglia as the property hotspots likely to record above average gains. The RICS predictions come as figures from online service Zoopla show that home prices in Britain have risen by an average of 7.35% since the start of the year – equivalent to £19,348 or almost £57 a day. The average value of a British home now stands at £325,575. The RICS report says that the inventory on estate agents’ books is close to a historic low due to ‘the legacy of building on an insufficient scale’, with the result that the number of transactions to fall slightly short of the 1.25m recorded in 2016.

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Simon Rubinsohn, RICS’ Chief Economist, said: “ALTHOUGH RECENT ANNOUNCEMENTS BY THE GOVERNMENT ON HOUSING ARE VERY WELCOME, THE ONGOING SHORTFALL OF STOCK ACROSS MUCH OF THE SALES AND LETTINGS MARKETS IS SET TO CONTINUE TO UNDERPIN PRICES AND RENTS.”

The recent Residential Market Survey by RICS says that demand from tenants continues to outstrip the supply of rental properties. Both RICS and ARLA – the Association of Residential Lettings Agents – have reported a decrease in supply of rental properties. The latest figures from the Office for National Statistics show that private rental prices paid by tenants in Great Britain rose by 2.3% in the year to November 2016.

© Benoit Properties International


FLOOR PLANS Each studio unit at St Marks is equipped with its own en suite shower-room facilities, integral kitchens, work stations and beds. All apartments are designed specifically to match the modern postgraduate, international student and young professional’s needs.

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Š Benoit Properties International


SPECIFICATIONS THREE QUARTER BED WITH MATTRESS WORKSTATION WITH STUDY CHAIR SHELVING AND DRAWERS KITCHENETTE WITH FITTED OVEN, HOBS AND SINK EN-SUITE BATHROOM WITH SHOWER CUBICLE, VANITY SINK UNIT AND TOILET CARPET, BLINDS AND LIGHT FITTINGS INTERNET WITH HI SPEED WI-FI OR ETHERNET CONNECTION

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© Benoit Properties International


APARTMENT CHOICES 25SQM APARTMENTS FROM

£89,950 Rent of circa £155pw

Ground rent £350

Purchase price £89,950

Rental management at 8% £632

Approx. annual rent £7905

NET INCOME £6116

Approx. service charge (bills inclusive) £807

NET YIELD 7%

28SQM APARTMENTS AT

£95,000 Rent of circa £165pw

Ground rent £350

Purchase price £95,000

Rental management at 8% £686

Approx. annual rent £8,580

NET INCOME £6,641

Approx. service charge (bills inclusive) £903

NET YIELD: 7%

*Net income assured under contract for first 2 years at 7% *Service charge estimated circa £2.50-£3.50 psf pa

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© Benoit Properties International


What is the address of the site? St Marks Residence, St Marks Street, Nottingham, NG3 1DE

FAQS

Am I buying as freehold or leasehold? 250 years leasehold When is the scheduled completion date? July 2018

PURCHASE PROCESS 1.

Speak to your designated property consultant

2.

3.

Choose your apartment and pay the pre-planning deposit of £5000

Solicitors are instructed and the legal documents sent out

5. £

35%

65%

When is my rental income paid? Quarterly in arrears, direct into your bank account from completion

Are there any restrictions if and when I want to sell? The apartments are traditional residential and you are free to sell at any time.

35% of the balance is payable upon exchange of contracts (-£5000 deposit)

6.

What are the projected annual returns on this project? 7% NET returns for two years

Is there a management company in place? Yes, the designated management company will be Yu Management Ltd.

Property consultant confirms planning approval

4.

How much is the ground rent? Ground rent is £350 per annum. This in included within the 2 year rental assurance.

When is planning anticipated? Planning is expected 25th March. All reservation deposits are fully refundable in the unlikely event planning is refused.

65% payable upon completion of the development

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© Benoit Properties International


PROJECT TEAM Established in 2005, Benoit Properties International are the trusted source and number one choice for property acquisition across a range of global markets. As sales and marketing partner at St Marks Nottingham, Benoit bring together over 25 years of combined experience delivering exceptional customer service alongside accurate and upto- date market knowledge.

The Yu Group have first-hand experience and knowledge in property development with a portfolio worth of over ÂŁ62 million. This experience allows them to strategise well and choose prime locations that are suitable for both investments and self living. Through their management programs they have ensured that all the works are done timely and on budget ensuring maximum peace of mind for their investors. That is the “Yu Group Promise."

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Š Benoit Properties International


Š Benoit Properties International

These particulars are provided as a general guide of what is being offered subject to contract and availability. These particulars are not intended, nor do they contain, any representation of fact upon which any interested party is entitled or should rely. Consequently this information 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 Consumer Protection from Unfair Trading Regulations Act 2008 (CPR), the Business Protection from Misleading Marketing Regulations 2008 (BPR),. 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 leasees 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 of them. The information provided is intended for illustrative purposes only and could change for example, in response to market demands or ground conditions.

The developer reserves the right to amend the specification as necessary without prior notice, but to an equal standard. Please note that whilst current views may be unrestricted these could alter in the future. No person in the employment of our selling agent and representative has any authority to make any representations or warranty whatsoever in relation to the property. BROCHURE IMAGES - CGI’S & INTERNAL IMAGES: Computer generated images are for illustrative purposes only and the external appearance may be subject to variation upon completion of the project. Internal images are for illustrative purposes and the internal appearance is not representative of a Portrait London interior or specification. FLOOR PLANS: Layouts provide approximate measurements and are for illustrative purposes only. Dimensions are taken from the architects drawings and tolerances may occur with the as-built product, therefore floor plans should not be used for purchasing items such as furniture or carpets.

Nottingham Pre-launch  

49 fully furnished studio apartments in the city centre.

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