Halley House, Nottingham

Knight Knox International

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+44 (0)161 772 1370

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knightknox.com

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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 rental yields for the first 2 years • Built by an experienced and proven student accommodation developer • Expertly managed by PRIMO Property Management • High rental demand in local area • Within walking distance of Nottingham Trent University • Identified exit strategy • Local council supportive of purpose-built student accommodation

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HALLEY HOUSE

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Identified as having a chronic undersupply of purpose-built student accommodation, Nottingham is a city which welcomes private providers who can deliver high quality residences which are attractive and affordable for its students. Knight Knox International, in partnership with Forshaw Land, is delighted to offer investors the option to purchase a studio in this exciting new development, which has been designed to cater for the growing number of students studying at the city’s Higher Education institutions, including the University of Nottingham and Nottingham Trent.

Built over four floors, this 61 unit development comprises three different sizes of studio, allowing for three different levels of investment. Each studio will be en-suite, including a bathroom and cooking facilities, which will allow students complete privacy if they require it. Halley House has also been designed to include a fully-equipped gymnasium and common room on the ground floor, to encourage a sense of community amongst residents. Located in the heart of the city, students residing at Halley House will have direct and immediate access to all public

transport links both into and out of the city. The development is also conveniently located close to all local bars, shops, restaurants and amenities.

Built by an experienced student accommodation developer who understands the needs of today’s more commercially aware students, Halley House will also be let and managed by PRIMO Property Management, allowing investors the peace of mind that a specialist agency is responsible for the day-to-day lettings and management of the residence.

“The University of Nottingham is the 3rd most popular in the UK, per number of applications� 5.

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 61 en-suite studios, situated over four floors, Halley House offers three different investment options:

£59,950 £7,140 £900* £400 £175 £5,665 8.6%

Standard Studio Superior Studio Deluxe Studio

(typical after 2-year rental assurance) *Estimated cost final figure will be agreed upon completion

Purchase Price

3% Conservative

5% Expected

7% Buoyant

£59,950

£59,950

£59,950

Annual NET Rental Income Projected Future Asset Value

£5,665

£5,665

£5,665

£69,499

£76,514

£84,083

Projected Total Value

£97,824

£104,839

£112,408

(Asset Value + 5Yr Rental Income)

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Below is an example of the projects’ return-on-investment, from the purchase of a deluxe en-suite studio, after 5 years.

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.

This trend for a higher-standard of living is fuelled by the globalisation of the Higher Education market and the increase in the number of students applying to UK universities from outside of the UK.

Students from the European Union and overseas currently account for over a sixth of the UK’s student population, with the number of non-domiciled students studying at Higher

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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 Bolton, we are able to offer investors higher-than-average yields in areas that have a severe shortage of private, high-quality residences. Halley House is our latest boutique student project, identified as a prime investment opportunity and delivered by an experienced developer in the student accommodation market. Average yields for regional cities currently stand at 6-6.5% across the country, but by choosing to invest with Knight Knox International in Halley House, investors can receive 9.% assured NET yields for two years. Fully managed and designed completely with students in mind, the project is due for completion in Q1 2014.

The University of Nottingham and Nottingham Trent have a combined population of over 55,000 students

“88% of final year graduates were satisfied with both their course and the institution in 2012�

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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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“Total capital investment in the sector more than doubled to over 2.7bn pounds in 2012”

“The Housing Nottingham Plan 2012-2015 highlights the shortage of purpose-built student housing in the city and welcomes the addition of high-quality housing, designed specifically for students”

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THE UNIVERSITIES

Nottingham Trent University

Originally a government school of design, Nottingham Trent University was granted its university status in 1992 and has since become a shining example of the UK’s new generation of universities – ranking as one of the top ten new universities in the Complete University Guide of 2013.

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Since opening, the university has strived hard to create strong relations with industries and the fruits of this labour are now being bared, with over 6,000 employers connecting themselves to the university; this has resulted in 94% of the university’s graduates going straight into employment or further study within six months of graduating. Nottingham Trent University has also invested £200 million across its three campuses and this mass investment is sure to add numbers to the university’s already-colossal populace – 25,000 students currently study at the university. A new students union is also set to open on the university’s main city campus later this year and this new complex is anticipated to become one of the country’s finest student unions, containing a sports hall, entertainment area, fitness studio, shop, bars and a social space.

The University of Nottingham

A member of the prestigious Russell group, Nottingham University embodies everything that is admired about the British education system, ranking as one of the UK’s top ten universities and one of the best 75 universities in the world. The university has earned a reputable status as a global university, recently being described in the Times Good University Guide 2013 as “the nearest Britain has to a truly global university” and it is easy to see why; with over 9,000 overseas students currently studying in the UK campus, from more than 150 nations.

These achievements have led employers to hold the institution in high regard, resulting in Nottingham University being ranked 2nd in a survey of universities targeted most by top employers in a survey conducted by The Graduate Market in 2013. These employers come from all over the world to try and attract the skilled graduates of Nottingham University and graduates of the university currently work in over 36 countries worldwide. The university’s research power is constantly growing; since 2001 it has jumped seven places in a table which ranks the UK’s universities in terms of their research power, putting it in the top 7 out of all the UK universities. This high standard of research allowed the university to win the coveted Queen’s Anniversary prize for higher and further education in 2012, in recognition of its dedicated research to help feed the world’s growing population.

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CITY LIVING: NOTTINGHAM Home to more than 1 million people, including over 55,000 students, Nottingham is a city on the rise with an extremely resilient economy which generates around £12.1 billion a year and with plans for further spending on the city’s infrastructure, this economy is only set to expand. Transport is at the centre of the city’s infrastructure plans; the tram network is set to expand from one lane to three at a cost of over £570m, while the railway station is set to be transformed into a transport interchange connecting rail, road and tram. The city also aims to attract a growing number of businesses which will contribute to the already-thriving economy. The council have signed a deal with the government to invest over £60 million in a new creative quarter, which will offer grant funding and a number of different schemes to attract new creative businesses.

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Nottingham has set up plans to attract more private housing developers to the area. The Housing Nottingham Plan 2012-2015 highlights that supply far outstrips demand in regards to housing, particularly for students looking for affordable lodgings, creating unbalanced communities as there is an ‘over concentration of students in some areas’. These infrastructural plans at the same time respect the significant cultural heritage of a city from where the world’s most famous folk heroRobin Hood emerged. The council has recently announced plans to extend the opening hours of the city’s historic attractions which continue to attract a large amount of visitors to the area-over 1 million people visited Nottingham in 2011. The coupling of the infrastructure plans and the significant cultural heritage of the city will help attract more students to join the alreadybooming student populace in Nottingham, who will not only reap the rewards of its new transport system but also it’s fantastic range of museums, theatres and shopping centres. On the back of this we are delighted to announce the launch of our latest boutique student residence Halley House, as part of the solution to the city’s student housing needs.

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HALLEY HOUSE

CITY MAP

Each location stated below is within a 10 minute walk of Halley House

1·

Nottingham train station

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Victoria Shopping Centre

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Theatre Royal & Concert Hall

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Nottingham Arts Theatre

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Broadmarsh Shopping Centre

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Nottingham Trent University

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Distances to major UK cities Sheffield – 55mins (44 miles) Birmingham – 1hr (52 miles) Leeds – 1hr 17mins (72 miles) Manchester – 1hr 51mins (82 miles) London – 2hrs 22mins (128 miles)

St Ann’s

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Hounds Gate

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FREQUENTLY ASKED QUESTIONS Is the building built? Halley House is a highend refurbishment project, which will transform the building into a boutique residence, designed specifically with students in mind. Am I buying as Freehold or Leasehold? 150 years Leasehold What is the address of the site? Halley House, Hounds Gate Nottingham NG1 7AA When will the building be completed? Completion for Halley House will be Q1 2014 Is there a rental assurance? NET rental is assured at 9% for 2 years, from completion of the purchase

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What is the projected annual return after year 3? 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 Is there a management company already in place? Yes, the designated management and letting agent will be PRIMO Property Management 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 1

STAGE 2

STAGE 3

STAGE 4

Reservation form and deposit of ÂŁ6,800

Solicitor instructed, legals and sales pack sent out

50% of balance on exchange of contracts within 28 days

Remaining balance due on completion of building

(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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“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!” Mr and Mrs Lowe, Hong Kong

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

“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 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 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.

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ALEXANDRA HOUSE IN CONSTRUCTION

TRINITY CHURCH NEW LAUNCH

An extensive refurbishment project of a former hotel, Alexandra House will comprise 23 spacious studios designed to the high standard now expected of private studio accommodation.

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.

Prices start at ÂŁ44,950 and investors will receive 10% NET rental yields for the first year.

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

Completion date: Aug 2013

Completion date: Q2 2014

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