Greenbank court, Plymouth

GREENBANK COURT

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Knight Knox International

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+44 (0)161 772 1370

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knightknox.com

Knight Knox International provides the information contained within this document 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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Investment Highlights •

9% Assured NET yields for 2 years

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Built by an experienced developer in the student accommodation market

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Located in an area with high rental demand

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On-site lettings and management office (PRIMO Property Management)

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Brand name supermarket built next door

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Completion in time for September 2014 intake

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A functioning prison until the 1930s, the complex contained a prison surgery and the governor’s office, when it was part of the larger Green Bank Borough Prison which housed nearly 80 criminals when it was fully operational.

Headquarters to the Plymouth police constabulary in the 1930’s; the building survived an unexploded World War 2 bomb crashing through its roof and continued as the police headquarters until it closed its doors for the final time in 1987, falling into dilapidation and disrepair.

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This Grade II listed building has a long and fascinating history, having served as both a jail and a police headquarters since it was built in 1849.

Many Plymouth residents despaired at the sight of the

uninhabited building and websites were set-up to try and encourage someone to transform the historic site.

As a developer who specialises in breathing new life into derelict and unused buildings, Forshaw Land has identified the Greenbank Prison site as the perfection location for a private student residence and, alongside Knight Knox International, is striving to restore the building to its former impressive status.

The redevelopment will ensure that this beautiful period building is refurbished to the highest of standards, ensuring that its Grade II listed status is acknowledged. Containing 64 studios, the rooms will be accompanied with boutique-style facilities including a gymnasium and a common room, allowing students to socialise

Greenbank Court freely with each other and imbuing a sense of community around the building.

The location is superb; shopping amenities will be offered by a big-name supermarket, which will stand adjacent to the development, and students will never be far from their studies with Plymouth University only a 15-minute walk away.

Built by an experienced student developer who understands the needs of today’s more commercially aware students, Greenbank Court will also be let and managed by PRIMO Property Management, allowing investors the peace of mind that a specialist agency is on-site to offer students roundthe-clock maintenance and assistance.

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PRIMO PROPERTY MANAGEMENT

Specialising in boutique student living, PRIMO Property Management endeavours to provide everything a student could desire under the comfort of one roof.

In addition to creating a comfortable, safe and friendly atmosphere for all residents, PRIMO Property Management offers investors the reassurance that they have purchased a completely hands-off investment that will be both let and managed on their behalf, by an experienced team of staff.

“From day one they were so attentive, willing to listen and co-operate. If I can’t find any of the managing staff, they are available anytime on mobile numbers and e-mail addresses.

I find I have the pleasure of knowing them on a much more personal level than I did with halls of residence staff last year” Kirsten Shiel, 3rd Year Undergraduate Nelson Square, Bolton

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In addition to looking after the physical and tangible needs of residents, PRIMO Property Management also provides a virtual learning tool to help students on their journey through Higher Education. edYOUcate is a ‘moodle’ virtual learning environment developed to support students in meeting the challenges of university life. Access to edYOUcate is FREE to all students living in a PRIMO managed property.

“From the first contact with PRIMO Property Management, everyone was really welcoming. Every step was clearly explained and if we had any problems, they were more than understanding and no problem was too big for them. Since moving in, everything has been of the highest standard and living in one of their properties is a great opportunity. So good, that I would be more than glad to return next year.”

Michael Ainscow, 1st Year Undergraduate Nelson Square, Bolton

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Investment Overview Purchase Price: Gross Rental Income: Maintenance Fee: Management Fee: Ground Rent: NET Income: NET Yield:

Comprised of 64 student rooms spread across two buildings, Greenbank Court offers investors a range of four investment options to choose from:

£56,950 £6,885* £850** £500 £175 £5,360 9.4%

Standard Studios: Superior Studios: Premium Studios: Deluxe Studios:

(typical after 2-year rental assurance)

£54,950 £56,950 £59,950 £64,950

**Estimated cost, final figure will be agreed upon completion *Estimated rent based on £135 p.w for 51 weeks

Purchase Price

3% Conservative

5% Expected

7% Buoyant

£56,950

£56,950

£56,950

Annual NET Rental Income Projected Future Asset Value

£5,360

£5,360

£5,360

£66,021

£72,685

£79,876

Projected Total Value

£92,821

£99,485

£106,676

(Asset Value + 5Yr Rental Income)

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Below is an example of the project’s return-on-investment from the purchase of a Superior Room.

Figures are based on forecasts provided by the developer and are subject to change. Any financial information provided in this document is intended as a guide and does not constitute a contract.

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Why Invest In Student Accommodation?

Continuing to outperform all other forms of property investment in the UK; private, boutique student residences are one of the most lucrative ways of expanding an investment portfolio, due to the stable yields and low void periods which are common for this type of property.

The demand for high quality student accommodation is showing no signs of abating, as UK university places are still heavily oversubscribed with only 10 places available for every 14 applicants, placing universityowned accommodation under an increasing amount of strain, as they struggle to provide the standard of accommodation required in today’s market place.

Education institutions in the UK predicted to rise to 7.6m by the year 2025.

Here at Knight Knox International, we pride ourselves on being considered specialists at selling boutique student accommodation to the private investor market, with more than 12 completed, high-yielding developments to our name over the past 24 months alone.

By focussing on regional university locations like Plymouth, we are able to offer investors higher-than-average yields in areas that have a severe shortage of private, high-quality residences. Greenbank Court is our latest boutique student project, identified as a prime investment opportunity and delivered by an experienced developer in the student accommodation market.

This trend for a higher-standard of living is fuelled by the globalisation of the Higher Education market and the increase in the Average yields for regional cities currently number of students applying to UK universities stand at 6-6.5% across the country, but from outside of the UK. by choosing to invest with Knight Knox International in Greenbank Court, investors can Students from the European Union and receive 9.% assured NET yields for two years. overseas currently account for over a sixth of Fully managed and designed completely the UK’s student population, with the number with students in mind, the project is due for of non-domiciled students studying at Higher completion in Summer 2014.

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in t h e s ect o r

more than

doubled to

2 .7

billion in

2012

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‘‘

Total capital in v estment

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The Uk’s Premier Property Class Consistently outperforming all other forms of property investment in the UK, returns in the private student accommodation sector were recorded at an average of 9.6% in 2012, fuelling the continuing development of bespoke, boutique projects through specialist providers like Knight Knox International, to the private investor market.

Property experts Knight Frank have estimated that universities will generate more than £500m by 2016 through the disposal of their existing halls of residence, allowing student’s access to a far superior standard of accommodation that they would have previously.

Attracted by higher-than-average yields, low void periods and on-site management companies, student accommodation is a completely hands-off investment and the perfect addition to any property portfolio.

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88%

Plymouth Uni - 88% of students will be in employment or further studies within six months of graduation.

Plymouth Uni - since 2000 it has spent ÂŁ150m in a capital programme delivering a first-class campus.

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Plymouth Higher Education

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Plymouth University

With a rich heritage dating back to 1862, when the university was a school of navigation, Plymouth University has stayed true to the culture of the ocean city in which it resides.

This commitment to reviving its maritime heritage was strengthened last year, when the University opened a £19 million Marine Building, part of the larger Marine Institute which is the most extensive in Europe. The University hopes to become a global centre for research in the maritime field and other fields, as it aims to become ‘the Enterprise University’ - world-renown for its engagements in business and enterprise-led innovation.

However, the university’s commitment to local culture does not weaken its international relations, with 3,000 students of the university’s total populace of 22,000 coming from overseas. This large student population has an excellent chance of gaining employment after graduation because of the university’s tireless work in carving out relations within industry, which has meant that 88% of students will be in employment or further studies within six months of graduation.

The University celebrated its 150 year history in 2012 and it was fitting that its history was marked with an award which celebrated its look towards the future, after being identified as a global leader in terms of sustainability and efforts to become green, when they were named as one of the top five universities in the UI Greenmetric Ranking of World Universities in 2012.

University of St Mark and St John

With a student body of only 4,000, students get the best of all worlds at the University of St Mark and St John. The university’s single campus is modern and compact, ensuring that no-one feels anonymous and, with small teaching groups on many courses, every student feels valued as a member of the university, something which was highlighted in a survey carried out by the national student survey in 2012, where the university scored 87% for Student Satisfaction.

The university, whose origins date back to 1840, prides itself at being an institution which offers courses intended to prepare students for the world of work and this preparation comes into fruition when students graduate, with 90% of graduates going straight into employment or further study within six months. The University of St Mark and St John teaching quality has consistently won the highest ratings and last year was awarded 79.9% for teaching excellence in the Sunday Times University Guide.

Although the student population is small, investment into the University does not reflect this with ÂŁ20 million pounds of investment being pumped into the campus and sports facilities within a three-year period, which resulted in a new sports centre and a new student centre being built to help supply all of the student needs on one inclusive and modern campus.

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City Living: Plymouth Plymouth, otherwise known as ‘Britain’s ocean city’, is home to nearly a quarter of a million people and is one of the most visited cities in the UK with a tourism trade estimated to be worth £250million a year to the local economy.

With over 30,000 students living in the area, Plymouth is the fifth most popular university location in the country and continues to attract a high number of overseas students who represent nearly a sixth of the total student population.

Specialists in UK Property, Savills, reported in 2012 that Plymouth has a significant undersupply of student housing with a demand far-superior to its supply, stating that student housing in Plymouth currently only supplies 3,805 students whilst demand is as high as 23,562.

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Having noticed this drastic need for student housing, we are delighted to announce the launch of our latest boutique student residence-Green Bank Court, as part of a solution to the city’s student housing needs.

Occupying a prime location, Green Bank Court offers easy access to Plymouth’s two universities- the development is within a 15 minute walk of the University of Plymouth and only a ten minute bus ride away from the University of St Mark and St John.

Greenbank is at the centre of a city which is currently flowing with investment-Plymouth city council has invested nearly £1billion into building schemes since 2009 and the council aims to create more than 2,000 jobs over the next two years as part of their Plan for Jobs initiative, which will focus particularly on young people and the long-term unemployed.

This investment, in addition to the city’s esteemed military history and yearround programme of contemporary cultural events is anticipated to help Plymouth become the ‘UK City of Culture in 2017.’ New developments such as Green Bank will help Plymouth in its stride to achieve this prestigious title, as more and more students will reside in the area, allowing the city’s culture and vibrance to thrive even further.

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Greenbank Court

City Map

Each location stated below is within a 15 minute walk of Greenbank Court

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Plymouth University – 10 minutes

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Train Station – 13 minutes

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Drake Circus Shopping District – 10 minutes

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Ford & Central Parks – 15 minutes

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Vue Cinema – 13 minutes

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Sutton Harbour Marina – 9 minutes

Distances to major UK cities

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Torquay (33 miles) – 1hr Cardiff (151 miles) – 2hrs 30 minutes Bournemouth (127 miles) – 2hrs 40 minutes London (238 miles) – 4hrs Manchester (281 miles) – 4hrs 30 minutes

4 Greenbank Court

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1

3 6 5

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Frequently Asked Questions Is the building built?

A former prison and courthouse, this Grade ll listed building will be completely refurbished and developed into the type of boutique student accommodation which is highly sought-after for today’s students.

Am I buying as Freehold or Leasehold?

175 years Leasehold What is the address of the site?

Greenbank Court, Greenbank Road, Plymouth, PL4 7JY

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What is the projected annual return after year 2?

Currently between 8% to 10% NET (conservative after running costs, management fee, service charges and utilities) Is the sale handled by UK lawyers?

Yes, the seller solicitors are Excello Law and the recommended solicitors for purchasers are Blunts of Macclesfield. Both are experienced at handling student accommodation transactions

When will the building be completed?

Completion for Green Bank Court will be summer 2014

Is there a management company already in place?

Yes, the designated management and letting agent will be PRIMO Property Management

Is there a rental assurance?

NET rental is assured at 9% for 2 years, from completion of the purchase

Can I resell my unit?

Yes, you can sell at any time after exchange of contract.

Knight Knox International has a dedicated resale

site, ‘studentpodshop. com’ which offers investors an exit strategy for their investment When is my rental income paid?

This is paid quarterly in arrears direct into your bank account from completion Can I do anything I want with my room?

No, each room will be leased back to the management company on a rolling agreement so that the whole building - in its entirety - can be let as student accommodation Are there any restrictions if I want to sell?

Yes, the room has to be sold as student accommodation

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Purchase Process • Once your unit(s) has been selected with the help of your property consultant, please complete the reservation agreement and return along with a copy of your passport, recent utility bill and your deposit. The bank transfer details will be found on the reservation agreement.

• You are required to pay a reservation deposit.

• Once your Property Consultant has confirmed they have received your paperwork, you will need to instruct a solicitor. Your consultant will be on hand to help

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you with this should you require assistance, as we have a selection of recommended solicitors who are experienced in handling student accommodation investment transactions.

• Your solicitor will advise you of the paperwork they will require from you. Please return this promptly to reduce the risk of delays.

• Your first installment payment will be made when you exchange contracts. Your solicitor will inform you when they have the date for exchange providing you with an adequate notice period, at the time of

exchange you will also be required to sign and return your contracts.

If you are unable to do this due to your location your solicitor will be able to act as your Power of Attorney.

Please note that your solicitor may charge a fee for this service.

• After you have exchanged contracts you will receive a welcome letter from the developer which will detail the future service they will provide and include all contact details.

• Your final payment will be due when construction completes.

STAGE 3

STAGE 4 Remaining balance due on completion of building

50% of balance on exchange of contracts within 28 days

STAGE 1

STAGE 2 Solicitor instructed, legals and sales pack sent out

Reservation form and deposit of ÂŁ6,800 (includes Knight Knox International reservation fee)

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We are a long-standing company (a Ltd company since 2004) with an excellent reputation

ABOUT: KNIGHT KNOX INTERNATIONAL

We have a large experienced team of over 30 staff, with a collective property experience of more than 200 years We have exclusive market-leading products that are hand-picked proven investments that sell in volume We cater to all types of clients, from firsttime buyers to large investors, helping build property portfolios and establishing good income returns

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We sell property in over 50 countries worldwide and have local expertise on the ground in every location Most of all, our clients buy with us again and again because we are honest, experienced, professional and market the best opportunities

TESTIMONIALS

We have a global partner network of overseas agents and on-the-ground specialists

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Mr and Mrs Lowe, Hong Kong

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We are one of very few companies to experience ‘full market cycles’

“My husband and I have bought many properties now through Knight Knox International . . . We have a decent portfolio and will no doubt buy more properties with them over the coming years!”

“It is very refreshing to find a company who keep you informed when they say they will. They know where my interests lie and have always made me aware of opportunities that suit my investment needs” Mr G. Brown, UK

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Developer FORSHAW LAND inspired living

Forshaw Land breathes new life into the old buildings we fall in love with. We relish the challenge of transforming an existing unused space into somewhere for people to live or work... from an old church to a Victorian prison, a former hotel to a Victorian brewery.

We also love to build from scratch and when we do it is with the same careful thought and flair that goes into our conversion projects.

Our schemes always centre around the end user, utilising the best materials and the highest standards of workmanship.

We specialise in new-build developments of private houses and boutique student

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accommodation schemes. Â We also boast a long history of commercial and mixed-use developments and are always on the look-out for our next exciting project.

We professionally manage all our student and residential developments through our sister company, PRIMO Property Management.

PRIMO Property Management. PRIMO is a fully fledged ANUK approved management company that goes beyond the management of physical buildings. PRIMO also caters for the learning needs of students through EdYOUcate which is an exclusive virtual learning environment.

NELSON SQUARE COMPLETED DEVELOPMENT

TRINITY CHURCH NEW LAUNCH

The former Pack Horse Hotel was beautifully converted into 228 student rooms - the first private residence of its kind in Bolton. Nelson Square is 100% let for the 2012/13 academic year.

A beautiful refurbishment of a grade II listed building, Trinity Church will comprise of 42 studio flats spread over 3 floors, with an additional 40 flats in 2 additional buildings to be developed alongside it.

Launched in April 2012, the first phase of 104 units were completely sold out within 5 short months.

Prices start at ÂŁ47,950 and investor will received 9% assured NET yields for the first 2 years.

Tenanted since Sept 2012

Completion date: Q2 2014

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Market Leaders in Worldwide Property Investment Knight Knox International +44 (0)161 772 1370 knightknox.com