Robert Owen House, Glasgow

Robert Owen House Glasgow

Knight Knox International | The UK Investment Specialists

Robert Owen House Glasgow

Home to over 62,000 students, Glasgow is a city that cannot support its growing student population and subsequently, is experiencing a chronic shortage of purpose-built accommodation.

Experts at delivering high-quality student property to the private investor market, Knight Knox International, in partnership with Fortis Developments Ltd, is delighted to present Robert Owen House, an eight-storey development in the heart of the city, as a solution to the housing shortfall.

A former office building, Robert Owen House will comprise 101 studios, available at three different investment levels – standard, deluxe and premium. Additionally, in-keeping with the Fortis Developments brand, students living here will have access to a private gymnasium, laundry room, secure bicycle storage and communal entertainment lounge.

As with all Fortis Developments’ projects, Robert Owen House will be expertly managed and let by ‘Fortis Student’, which allows investors peace of mind that their investment does not need their presence to be managed effectively. There will also be an on-site caretaker in the building to ensure the well-being of the students.

Having already delivered four successful student projects in Sunderland, Nottingham and Glasgow and with a further three projects in construction, we are proud of the quality of our developments and anticipate large tenant demand from students in the area.

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development launched in partnership with Fortis Developments

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Knight Knox International | The UK Investment Specialists

37th

Knight Knox International development

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Knight knox International

A market leader in the UK buy-to-let sector, Knight Knox International has launched 35+ developments onto the UK market, totalling more than 3,000 units at a value in excess of ÂŁ195million.

By forging strong relationships with a select number of developers, we work in partnership with them on their projects and, as such, are able to provide our investors exclusive access to prime developments across the country.

The student property sector has consistently outperformed all other asset classes in the UK market, and industry reports continue to highlight an imbalance between the number of beds available, and the number of students attending Higher Education institutions, particularly in regional cities and towns.

By targeting cities which have high student populations and a lack of purpose-built accommodation, we have developed a portfolio of developments that deliver higher-than-average returns in a market that is set to perform well for years to come.

Knight Knox International has launched over 35+ developments in the Uk, totalling more than 3,000 units at the value in excess of million

ÂŁ195

Knight Knox International | The UK Investment Specialists

The Student Property Market

According to Knight Frank’s 2014 Property Insight Report, the student accommodation sector has produced positive rental growth every year of the economic downturn.

This pervasive demand for a British education shows no sign of fading as university applications are at record highs. UCAS figures for the 2013/14 intake have indicated that nationally, university acceptances are at their highest ever levels.

By choosing to invest in student accommodation in a regional town or city, investors will receive higher than average yields in areas that have a shortage of accommodation, guaranteeing recurrent rental demand in a prosperous market.

Compared to other property investments, student accommodation stands out by dependably offering high returns. According to LSL Property Services, investors are able to expect an average of over 7% as a rental yield, which far exceeds typical values of 5.3% for residential buy to let properties in the UK.

The popularity of student accommodation among investors is effectively driven by reliable occupancy rates of 99% or higher, as well as the structural undersupply. Investors are capitalising on the rising demand of boutique, high-quality accommodation, in addition to the shortage of passable properties that fulfil students’ needs, to generate high returns, not found anywhere else in the UK’s property market.

We forecast 2014 will see an increased rental growth, sharpening yields and improved investment performance for existing fund Knight Frank Student Property Report, 2013

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Increase of acceptances to British institutions from 2004

2013/14

2012/13

2011/12

2010/11

2009/10

2008/09

2007/08

2006/07

2005/06

2004/05

416,600 (+27,800)

Knight Frank Student Property Report, 2014

Internationalisation of the UK’s student housing investment market Knight Frank Student Property Report, 2014

2011

2012 Foreign 23% Domestic 77%

Total £1.2 billion International £275million

2013

Foreign 59%

Domestic 41%

Foreign 52%

Total £2.7 billion International £1.6billion

Domestic 48%

Total £2.1 billion International £1.1billion

Knight Knox International | The UK Investment Specialists

Identified as the highest-yielding destination for student accommodation investment by Zoopla in 2013, Glasgow is very firmly on the radar of anyone on the hunt for a lucrative addition to their property portfolio.

Glasgow has a chronic shortage of student accommodation, with only 6,014 university owned beds for 62,000 full time students, which property experts Savills identified as an “undersupplied market”.

As an expert student accommodation provider, we have recognised this demand and are proud to deliver Robert Owen House as a solution to the housing requirements of students in Glasgow.

The University of Glasgow

Founded in 1451, the University of Glasgow has a tradition of merit as the fourth oldest university in the United Kingdom. It is consistently ranked amongst the top 25 institutions in the UK and is in the top one per cent of the world, ensuring it regularly attracts high numbers of applicants from both within the UK and overseas.

The University of Glasgow is profoundly research-led and is both a member of the highly-esteemed Russell Group and Universitas 21. With more than 2,000 active researchers, research grants and contracts income totals more than £128m annually, making it one of the Top 10 earners for research in the UK.

6,014

Scotland’s largest city, one of Europe’s top 10 financial centres and leading industrial and trading hub, Glasgow is a booming city with a dynamic and healthy property market. The city holds a rich educational heritage, being home to distinguished universities including the University of Glasgow, which ranks within the top 1% of higher education institutions in the world.

Student Population

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University-owned student beds

& Higher education

There are currently only 6,014 university owned beds, for more than 62,000 students, creating a strong demand for student accommodation

62,000 +

Glasgow City

Glasgow has been identified as the highest-yielding student accommodation investment location Zoopla, 2013

The University of Strathclyde

Named by The Times Higher Education Awards as ‘Entrepreneurial University of the Year’, Strathclyde is now closer to its goal of becoming one the leading technological universities in the world. Now home to students from more than 100 counties, it is committed to the highest standards of teaching and innovation applicable for the benefit of society and the environment.

Having strong links with business and industry, Strathclyde University challenged traditional academic boundaries to solve global problems, while at the same time being placed in the heart of the city of Glasgow.

Glasgow Caledonian University

Formed in 1993, Glasgow Caledonian University is a vibrant, modern university. A small, single-campus institution in the heart of the city, it is considered an international centre of excellence, committed to delivering the ultimate student experience through its award winning Saltire Centre and the numerous oncampus facilities available to students.

Glasgow Caledonian is the first Scottish university to open a campus in London and work has started to establish a base in New York with a view to offering executive training and short courses.

Student property continues to outperform other property asset classes, in the year to September 2013 Knight Frank Student Property Report, 2013

“The sector has undergone a funding revolution . . . but the best is yet to come” James Pullan, Student Peroperty, Knight Frank

Knight Knox International | The UK Investment Specialists

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“ I have just completed my third purchase with Knight Knox and I am once again impressed by the clarity of information, post-sales service and continuous support received. No number of questions are too many and repsonses are instananeous.�

Mr K. Elahi, Investor, qatar

Knight Knox International | The UK Investment Specialists

Glasgow Location information

Points of Interest

Robert Owen House, 87 Bath Street, G2 2EE

The Glasgow School of Art, 167 Renfrew St, G3 6RQ

0.2 miles

Glasgow Concert Hall, Sauchiehall Street, G2 3NY

0.3 miles

3

Glasgow Caledonian University, Cowcadders Road, G4 0BA

0.4 miles

4

Glasgow Central Station, Gordon Street, G1 3SL

0.4 miles

St Enoch Shopping Centre, St Enoch Square, G1 4BW

0.5 miles

6

The University of Strathclyde, Richmond Street, G1 1XQ

0.9 miles

7

University of Glasgow, University Avenue, G12 8QQ

1.2 miles

2

5

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University of Glasgow

A

Kelvingrove Art Gallery

1

7

A81

4

BBC Scotland

Riv

A8

A803

2

3 1

M8

Glasgow Caledonian University

2

Glasgow Royal Infirmary

M8

6 Glasgow Strathclyde University

4 Central Station

5 Enoch Centre

ver Clyde

A8

A8

M74

Knight Knox International | The UK Investment Specialists

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* All figures are based on forecasts provided by the developer, are indicative only and are subject to change.

Any financial information provided in this document is intended as a guide and does not constitute a contract.

Investment opportunity

Following on from the winning formula of previous projects in Glasgow – Central House and St. Andrew’s Court, Robert Owen House has three different sizes of studios available, to cater for the differing budgets and requirements of the local students.

Investment options for this development are:

Studios Premium Studios: Deluxe Studios:

All units are fully-furnished and completion is expected May 2015.

Financial projection of premium studio * (Purchase Price £59,995)

Priced at £54,995 Priced at £59,995 Priced at £63,995

Weekly Rent £145.00 Management Fee £417.60 Maintenance Fee £1044 NET Income £5,498.40 NET Yield 9.16% Gross Rent £6,960

Knight Knox International | The UK Investment Specialists

Developer Portfolio

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.

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COM

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Chronicle House, Chester

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Devonshire House, Birmingham

Student Accommodation

Purchase Price - £90,000 | 7% NET yields for the first year

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OUT

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Rede House, Middlesbrough Purchase Price - £35,995 | Up to 9.5% NET yields for the first 2 years

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OUT

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St. Andrew’s Court, Glasgow Knight Knox |International The Specialists Purchase Price - £48,000 9.2% NET yields| for theUK firstInvestment 3 years

Purchase Process

Investing through Knight Knox International is a quick and easy process, simply;

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2 3 4

Speak to a Knight Knox Property Consultant and choose your unit(s)

Complete the reservation form and pay the deposit

Solicitor instructed, legal documents and sales pack sent out

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50% of the balance is payable upon exchange of contracts

Balance of 50% payable upon completion of your unit

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

Contact a property consultant today to reserve the best unit!

Tel: +44 (0)161 772 1370

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frequently Asked questions

Am I buying as freehold or leasehold?

This is a freehold property

What is the address of the site?

Robert Owen House, 87 Bath Street, Glasgow, G2 2EE

Are there tennants already in place?

No, Robert Owen House is a refurbishment of a former office building

What are the projected annual returns on this project?

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

Can I recieve finance on this development?

There is currently no finance offered by the developer

When is my rental income paid?

Quarterly in arrears, direct in to your bank account from completion

Is there a management company in place?

Yes, the designated management company will be Fortis Student, 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?

Yes, Robert Owen House is a student development, so the room must be sold as student accommodation

Knight Knox International | The UK Investment Specialists

The information contained within this document is intended as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending investor must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing.

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