LIVERPOOL MEREBANK COURT
INVESTMENT HIGHLIGHTS • High rental demand in local area • 8.47% assured NET rental yields for 2 years • Built by an experienced and proven developer • Within walking distance of Sefton Park and various local amenities
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.
MEREBANK COURT .4
Rents in England and Wales have climbed 3.2% on an annual basis LSL Property Services Buy-to-Let Index October 2012
As the UK buy-to-let sector continues
Within the vicinity of the renowned
is practiced at dealing with tenants on
to flourish, savvy investors and
Penny Lane and Strawberry Fields,
a daily basis.
landlords are increasingly looking
both of which were immortalised
towards new-build or refurbishment
in song by the Beatles, and within
In addition, the on-site concierge will
properties in large regional cities, as
walking distance of Lark Lane, an area
ensure that both the property and
a way of expanding their portfolios
famous for its bohemian vibe and
its tenants will be looked after to the
and generating a regular return on
first rate restaurants, bars and shops,
highest of standards.
Merebank Court is one of the few
Merebank Court is a 14-storey
residential developments available in
Investors interested in Merebank
Liverpool at such an affordable price.
Court are advised to enquire
development in an enviable
immediately, as with only 78 units
location in Liverpool. A complete
As with the majority of todayâ€™s new
available and marketed at an
refurbishment of an existing
buy-to-let developments, Merebank
extremely competitive price point,
residential building, Merebank
Court will be let and managed by the
demand is certain to be high in this
is comprised of 78 apartments
highly experienced Vermont Property
exclusive new development.
which are, in the main, divided into
Management, allowing investors the
three-bed, two-bed and one-bed
reassurance that the day-to-day
apartments, with roadside parking
running of their property will be
available for residents.
expertly handled by a company who
ABOUT BUY-TO LET
The traditional buy-to-let
accommodation in the UK is
a mortgage on the property
market in the UK’s regional
the highest it has ever been,
means that the equity you are
cities is beginning to show
as the continued rise in house
investing is less as, essentially,
strong signs of recovery.
prices ensures that first-time
the tenant is paying for the
For the past 3-4 years, the
buyers cannot afford to take
purchase with their monthly
buy-to-let and off-plan
that first step onto the property
market in London has seen
ladder. Instead, tenants are
unprecedented growth, in the
looking for high-quality rental
So why choose off-plan?
main due to the large amount
accommodation, in properties
The UK has experienced a
of foreign investment that has
which they can essentially
serious lack of construction in
poured into the city.
move straight into, without the
regards to residential stock in
hassle of waiting for it to be
its regional towns and cities
redecorated or repaired.
for the last 5-6 years, which
Continuing on from this trend, Liverpool is one of the strongest
means that many properties
rental markets outside of the
So is buy-to-let still a ‘safe’
which will previously have
investment? No investment
been classed as ‘new-build’,
can ever be considered safe,
are now reaching their 10-year
Once considered the proverbial
but there are certain sectors,
‘cash cow’ of any property
like buy-to-let, where you can
portfolio, when the market
minimise your risk. Purchasing
As properties age, they require
crashed, landlords found
a buy-to-let property is once
more maintenance to keep
themselves having to diversify
again being viewed as a way to
them at a level regarded as the
their assets into alternative
generate a positive cash flow
minimum standard required
investments, as a way to
on your investment, as income
by tenants, leading to a rise in
maintain control over their
rents as landlords try and re-
not only on rent, but from the
coup some of the money they
capital appreciation gained on
are having to pay out.
But the market is beginning
the property from the start. In
to turn; the demand for rental
addition, the ability to take out
As the construction industry begins to
and, coupled with the knowledge that
pick up pace, we are at the start of a
there should be minimal maintenance
new wave of off-plan developments,
required on the property for at least
many of which will not be complete
the first couple of years; off-plan buy-
to-let is actually a cheaper option in the long-term for any savvy investor.
ABOUT BUY-TO LET
Keeping in mind tenant demand
for new-build accommodation,
Constantly sourcing the best-value
particularly in or around city centres,
properties, we have once again
landlords can charge a premium on
extended our portfolio to bring
their property, at rates which are
off-plan, residential buy-to-let
currently not achievable for existing
opportunities to our investors, in
some of the best locations in the UK.
Buy-to-let properties are increasingly
With the demand for rental
becoming a more â€˜hands-offâ€™
accommodation not likely to end
investment than they have ever been,
anytime soon, off-plan buy-to-let is
due to the improved quality of the
once again a welcome addition to any
lettings and management agencies
that maintain the property. This leaves landlords confident that their tenants are being looked after
Comprised of 78 one, two & three-bedroom apartments, this 14-storey building isolated in a highly desirable area of liverpool is certain to attract a large amount of interest
• • •
17- Three-bed apartments 41- Two-bed apartments 20- One-bed apartments
£80,000 £70,000 £60,000
Purchase Price: Gross Rental Maintenance Fee: Management Fee: Ground Rent: NET Income: NET Yield:
Purchase Price Annual NET Rental Income Projected Future Asset Value Projected Total Value (Asset Value + 5Yr Rental Income)
£70,000 £7,200 £840 £432 £200* £5928.00 8.47%
(typical after 2-year rental assurance)
( * Not applicable in first two years)
3 % Conservative
5 % Expected
7 % Buoyant
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.
2 AND 3 BEDROOM APARTMENTS
£1,800 PCM Advertised by numerous agencies, The Palm is a luxury
Superb waterside apartment at the prestigious NV Buildings, Salford Quays, adjacent withapartment balconiesfeatures overlooking theparking communal todevelopment MediaCityUK. The allocated and balcony with views over the Detroit Bridge. gardens. Stylishly furnished, large living area includes dishwasher, Providing accesss toopen localplan attractions such as the Victorianfan oven, separate microwave and all mod-cons. 2 double bedrooms with fitted wardrobes. SeftonPark, this development is in prime location of it
Concierge is available 24/7. The apartment complex is very close to Harbour City tram stop.
£795 PCM £675 PCM
Wonderfully presented apartment situated in the much sought after Pennyford Drive L18. In vicinity of all local amenities and situated just off Sefton Park, demand for this location is high.
2 AND 3 BEDROOM APARTMENTS
£750 PCM Restored apartment situated in much sought after area of Mossley Hill, this property allows convienient access to Built by Lowry Homes, XQ7 is a high spec development with it`s own local transport links offred by bus and rail aswell as nearby to the Metrolink station at Exchange Quay for XQ7 residents. motorway networks.
Providing convenient access to all the attractions available in Salford Quays, the development is just 5 mins walk to Old Trafford Football stadium and 5 mins on the tram to Manchester. This fully furnished spacious two bedroom, two bathroom apartment is of the highest quality and design. The open plan kitchen features integrated dishwasher, fridge freezer and washer dryer. In addition, the floor tiling in the kitchen and bathroom incorporate an underfloor heating mat to raise the surface temperature of the tiles to provide maximum comfort underfoot. The property also benefits from underground parking. Quality as such affordability!
£234,950 £575 PCM Comprehensive residential apartment on Greenbank Lane in the Mossley Hill area, this property is situated next to Sefton Park.
Information taken from RightmoveUK on 21/06/2013
At David Roberts & Co. our experienced property solicitors provide a wide range of services to help safeguard your home or property investments. From tenancy agreements to advice on buying property at auction, weâ€™re here to provide guidance and support whatever your circumstances may be. With no hidden costs and a same day response promise, our friendly solicitors make property law straightforward and hassle free. Weâ€™ll explain all the processes clearly and answer any questions you may have. David Roberts & Co. helps businesses like you. We take complex commercial property matters and make them simple. We use plain English, not legal jargon. Likely timescales, costs and
outcomes are explained at the start, and we
keep in regular contact throughout. And any questions you have, we make sure we deal with them promptly.
The awe-striking waterfront which tells the tale of Liverpool’s past and future was a vital cog in the machine which earned Liverpool the title of ‘the European Capital of Culture’ in 2008. When the Albert Docks closed in 1972, this title was a world away, but since then life has been breathed back into the water. Albert Docks has become host to a large number of unique visitor attractions including The Beatles Story, Tate Liverpool and the Merseyside Maritime Museum, all of which have helped entice five million people to visit each year, making the docks the most-visited free attraction in the UK outside London. Fable has it, that the liver birds which are perched on top of the landmark Liver Building are the wardens of the city’s land and sea and, although we have already seen the birds’ work in the waters of the city, their work on land is just as remarkable.
On land, the city is a centre for commerce; it is home to over 3,000 businesses and the 5th largest retail centre in the UK, Liverpool One, which hosts a hoard of high street names. The city produces a long stream of employes for these companies with 50,000 students at the city’s three universities and a complete workforce of nearly 1 million in the city. This booming waterfront and bustling city centre help explain why Liverpool is such a popular destination for many tourists, with more than five million passengers passing through the doors of Liverpool’s John Lennon Airport, into the city of Liverpool in 2011. Visit Britain reported that Liverpool is one of the top five UK holiday destinations in terms of visitor numbers, and not all of these visitors board planes to see this honeypot; many take advantage of the city’s connectivity to arrive in Liverpool travelling on its extensive road and rail infrastructure from cities such
as London and Birmingham. Although, Liverpool is currently flourishing, it is the city’s commitment to look ahead which has achieved this and amidst so much success, this has not dwindled. Regeneration has continued at a strong pace with destinations such as Liverpool Waters, a 60 hectare historic dockland site and the £200 million Edge Lane Retail Park in the pipeline, in excess of £7 billion is planned to be spent in the next decade on Liverpool. These projects present massive opportunities in this fast-growing economy and with an increasing amount of people desiring to live in Liverpool, illustrated by the fact Liverpool City Council have announced that they have begun a search for a housing partner to deliver 1,500 new homes, this is the perfect time to invest in this under-housed forward thinking city.
DISTANCE TO MAJOR UK CITIES LONDON 3 HOURS MINS London | 3| hours 3629mins NOTTINGHAM HOUR 6 51mins MINS Nottingham | 2| 1hours Birmingham | 1 hour 42 mins LEEDS | 57 MINS Leeds | 1 hour mins LIVERPOOL | 4222 MINS Manchester | 44 mins BIRMINGHAM | 1 HOUR 32 MINS
Each location stated below is within a 20 minute Drive or Walk of Merebank Court Walking Distances |
1. Sefton Park - 4 minutes 2. Spire Liverpool Hospital - 8 minutes 3. Local Shops and amenities (Aigburth Road) - 20 minutes
LIVERPOOL - MAP
Driving Distances |
4. University of Liverpool- 7 minutes 5. Liverpool ONE- 11 minutes 6. Tate Liverpool- 11 minutes
FREQUENTLY ASKED QUESTIONS
AM I BUYING AS FREEHOLD OR LEASEHOLD? 250 years leasehold WHAT IS THE ADDRESS OF THE SITE? Merebank Tower, Greenbnk Lane, Liverpool, L17 1AE ARE THERE TENANTS ALREADY IN PLACE? No, Merebank Court is being completley refurbished and will be ready to accept tenants in April 2014 WHEN WILL THE BUILDING BE COMPLETED? March 2014 WHAT ARE THE PROJECTED ANNUAL RETURNS? 8.47% yields from date of completion CAN I RECEIVE FINANCE ON THE DEVELOPMENT? There is no finance offered by the developer. Investors can apply for personal finance (subject to status) if they desire
WHEN IS MY RENTAL INCOME PAID? This is paid quarterly in arrears direct into your bank account from completion IS THERE A MANAGEMENT COMPANY ALREADY IN PLACE? Yes, the designated management company will be Vermot Property Management, who will block manage and let the building CAN I RESELL MY UNIT? Yes, you can sell at any time after exchange of contract ARE THERE ANY RESTRICTIONS IF I WANT TO SELL? No, Merebank Court is a residential development so you are free to sell your unit on the open market as a buy-to-let apartment
Once your unit(s) has been
should you require assistance,
at the time of exchange you
selected with the help of your
as we have a selection of
will also be required to sign and
property consultant, please
recommended solicitors who are
return your contracts. If you are
complete the reservation
experienced in handling student
unable to do this due to your
agreement and return along with
location your solicitor will be able
a copy of your passport, recent
to act as your Power of Attorney.
utility bill and your deposit. The bank transfer details will be found
Please note that your solicitor •
on the reservation agreement.
Your solicitor will advise you of the paperwork they will require from you. Please return this
may charge a fee for this service. •
After you have exchanged
You are required to pay a
promptly to reduce the risk of
contracts you will receive
a welcome letter from the developer which will detail the
Once your Property Consultant
Your first installment payment
future service they will provide
has confirmed they have
will be made when you exchange
and include all contact details.
received your paperwork,
contracts. Your solicitor will
you will need to instruct a
inform you when they have the
solicitor. Your consultant will be
date for exchange providing you
on hand to help you with this
with an adequate notice period,
Your final payment will be due when construction completes.
Reservation form and deposit of ÂŁ5,000
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
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 bespoke accommodation to meet the growing demands for this type of product.
Firmly established at the forefront of the industry, Fortis Developments Ltd 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. We create highly sought after developments which feature all the facilities – individual and communal – required by today’s fast growing student population.
St Andrew’s Court, Glasgow
Central House, Glasgow
Comprising 122 self-contained rooms and an impressive range of communal facilities, students can choose between three different studio sizes to suit their individual level of budget.
The former office block will be extensively refurbished to transform it into one of the premier residences in Glasgow. Comprised of 66 self-contained studios (60 standard and 6 premium), students will be fully self-sufficient, but have access to a range of shared facilities including lounge areas, laundry rooms and entertainment rooms.
Indicative of the rising wave of boutique student accommodation in Glasgow, St. Andrew’s Court stands far above its counterparts due to the superior standard of living it will provide for students studying at any one of Glasgow’s prestigious universities. Completion date: September 2013.
Assured NET rental returns of 9.2% for the first three years and a prime city centre location make Central House the ideal addition to any property portfolio. Completion date: September 2013.