The gallery, x1 the quarter

THE GALLERY AT THE QUARTER

1

• Rental assurance of 6% NET in place for the first 5 years • Completed development only a mile from Liverpool Marina • All units 100% let • Part of a five-phase development in the heart of Liverpool’s waterfront community • On-site caretaker’s office • Managed by X1 Lettings

Investment Highlights

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.

3

The Gallery at X1 The Quarter

A

five-phase development in the heart

of

Liverpool’s

waterfront

community,

X1 The Quarter is designed to be one of

the

most

in the city.

sought-after

addresses

Located on a prime piece

of land only a mile from the docks, residents of

all

are that

including

within

walking

Liverpool

restaurants,

has

distance to

bars,

offer,

museums

and retail outlets, in addition to being accessible

by

all

forms

of

public

transport.

The

Gallery

(phase

1)

is

already

built, 100% let, and attracting a huge amount

of

interest

from

investors

due to its ideal location and the huge amount of rental demand in the local area.

The Gallery

Phase 3 Phase 5

Phase 1

Ariel view of phases 1 to 5

Phase 4

Phase 2

5

The Gallery at X1 The Quarter

Located area X1

in

of

the

picturesque

Liverpool,

The

Quarter

apartment

The

is

a

block,

waterfront Gallery

fully

at

tenanted

offering

investors

the opportunity to own a prime piece of

real

estate

in

one

of

the

most

sought-after locations in the city.

Already

built

and

100%

let,

investors

expect

an

immediate

income

and

have

experienced

reassurance onsite

company,

X1

providing

assistance

including management building.

for

the and

of

in

place, residents,

maintenance, letting

total

of

83

apartments

of

the

the

Merseyside

Maritime

Museum;

split into 5 one-bed studios, 32 one-

residents are also only a ten minute

beds, 33 two-beds and 13 three-beds

walk from Liverpool city centre, home

spread over six floors, residents enjoy

to a host of restaurants, eateries and

some of the most spectacular views in

shops

Liverpool,

UK’s fifth largest retail centre.

to

from

its

breath-taking

bustling

city-centre

sunsets

over

With

“5.5% population growth in Liverpool” Only

a

population

the

past

welcoming

growth

decade

more

than

and

of

five

million

passengers

annually

through

doors

Liverpool

John

of

5.5%

regularly the Lennon

only to Manchester in the North West,

walk from Albert Dock, home to a host

making it one of the most competitive

of

residential markets in the UK.

Beatles

Story,

from

the

Lennon Airport and just a 15 minute visitor

away

ONE,

Airport, the city’s population is second

unique

miles

Liverpool

John

The

seven

including

the in

an

management

Lettings,

a

iconic river Mersey.

can

the

Containing

attractions Tate

including

Liverpool

and

7

The

traditional

the

UK’s

buy-to-let

regional

market

cities

is

in

beginning

to show strong signs of recovery. For the past 3-4 years, the buy-to-let and off-plan

market

unprecedented due

to

London

growth,

the

investment

in

large

that

in

amount

has

has

seen

the

main

of

poured

foreign

into

the

Once

considered

cow’ the

of

any

property

market

themselves assets

the

crashed, having

into

proverbial

‘cash

portfolio,

when

landlords

to

alternative

So is buy-to-let investment?

still

a

‘safe’

found

diversify

their

No investment can ever be considered

as

safe, but there are certain sectors, like

investments,

a way to maintain control over their

buy-to-let,

funds - but the market is beginning to

your

turn!

property

where

risk.

you

can

minimise

a

buy-to-let

Purchasing

is

once

again

being

viewed

as a way to generate a positive cash

city.

“By 2020 it is estimated that 1/3 of the population will be a private tenant” Continuing

on

Liverpool rental due

is

one

markets to

a

from of

outside

severe

this

trend,

the of

strongest

the

shortage

capital,

of

new-

build stock for at least the past five years,

providing

opportunity

to

of a market cycle.

investors purchase

at

with

the

the

start

The demand for rental accommodation

flow on your investment, as income is

in the UK is the highest it has ever

generated not only on rent, but from

been, as the continued rise in house

the capital appreciation gained on the

prices

ensures

property from the start.

cannot

afford

onto

the

tenants

that to

first-time

take

property

are

for

accommodation,

which

they

can

straight

into,

without

waiting

for

it

to

first

ladder.

looking

rental

repaired.

that

in

be

step

Instead,

So why choose off-plan?

high-quality properties

essentially the

buyers

move

The

UK

has

lack

of

construction

experienced in

a

serious

regards

to

hassle

of

residential stock in its regional towns

redecorated

or

and cities for the last 5-6 years,

About Buy-to-let 9

which

means

which

will

classed

as

reaching As

that

properties been

are

now

around

anniversary.

charge

10-year

age,

they

require

more

maintenance to keep them at a level regarded

as

the

minimum

accommodation,

at

particularly

city a

centres,

premium

rates

on

which

in

or

landlords

can

their

are

property,

currently

not

achievable for existing stock.

Buy-to-let

in rents as landlords try and re-coup

becoming

some of the money they are having to

investment than they have ever been,

pay out.

due

to

lettings that

construction

to

pick

up

start

of

a

pace,

are

we

are

wave

of

at

improved

‘hands-off’

quality

management the

the

again

In

direct

response

new-build,

city

Gallery

first

fully

after

and,

have

launched

knowledge

that

is

minimal

maintenance

required on the property for at least to-let is actually a cheaper option in

be

the long-term for any savvy investor.

opportunities

locations in the UK.

The

the

Keeping

best-value once

buy-to-let

This

the first couple of years; off-plan buy-

2013/2014.

the

have

to our investors, in some of the best

their

off-plan

until

we

that

looked

the be

of

agencies

property.

confident

being

with

should

increasingly

more

landlords

tenants there

the

maintain

leaves

begins

a

are

developments, many of which will not complete

new

industry

properties

and

coupled the

sourcing

properties, residential

required by tenants, leading to a rise

As

Constantly

extended our portfolio to bring off-plan,

standard

“Number of households in the PRS have increased by 28% since 2007”

“Private rental stock now worth an estimated £898 billion”

in mind tenant demand for new-build

have

‘new-build’,

their

properties

many

previously

already

location.

at

to

the

centre X1

The

tenenated this

high

in

demand

for

accommodation, Quarter

is

the

development

we

year this

and

interest

sought-after

About Buy-to-let

11

The Liverpool Buy-to-Let Market According to property research specialist Savills, the results of the 2011

census show that the number of households across England and Wales in the Private Rented Sector (PRS) grew to 4.2 million between 2001 and 2011, accounting for 18% of the market and further highlighting that Britain is increasingly becoming a nation of renters.

Translate these figures down to a regional level and the figures indicate that the number of households in the PRS in large urban markets grew by an average of 77% in the period from 2001, with Liverpool recording a staggering growth of 79% as the number of households rose from 28,513 in 2001 to 50,987 in 2011.

As of January 2013, Liverpool City Council estimates that more than 50,000 households rent privately in the city and that the rates of private rental accommodation have grown above the national average. As such, Liverpool has taken a proactive approach in regards to raising standards in the sector, by setting up services such as a landlord accreditation scheme (CLASS), private landlord’s forum and tenancy bond scheme, as it recognises the valuable service that landlords are providing by meeting the city’s housing needs.

1.7M

Approx. 1.7m additional private rented units will be required in the UK by 2016, which implies annual investment of circa £57bn

£

Average rents in the 5 main urban markets of Liverpool, Leeds, Manchester, Bristol and Birmingham for 2-bed properties have risen by an average of 2.5%

Currently fully tenanted, The Gallery at X1 The Quarter is a fantastic opportunity for anyone seeking a prime buy-to-let proposition in one of the most sought-after locations in Liverpool.

Comprised of 83 apartments, these studios, one, two and three-bed apartments are fully furnished and offer investors an assured NET yield of 6% for the first 5 years.

• • •

Investment Scenario

1-bed apartments 2-bed apartments 3-bed apartments

Purchase price: £94,950 Size: 42.63sqm Est. monthly rent: £625 Est. annual rent: £7,500 Est. maintenance fee: £1,000 Est. management fee: £600 Est. ground rent: £250 Est. NET income: £5,650 Est. NET yield: 6%

1/3

(typical after 5-year rental assurance) 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.

£94,950 £114,950 £139,950

By 2020 as much as a third of the population could be private tenants

25%

Number of PRS households in the 5 areas have risen by 77% in 10 years, such that they account for 23% of all households

23%

2001

2011

13

1 Bedroom

ÂŁ94,950 New one bedroom apartments in a purpose built development on the doorstep to the city and the vibrant L1. The apartments are built around a central atrium and most have parking. The accommodation comprises : hall, open plan lounge with fitted kitchen, picture window, one bedroom, bathroom and electric heating. The property has the additional benefit of various views of the city, Albert Dock, the Liver Building and L1.

1 Bedroom

ÂŁ93,000 This home is ideal for those wanting to be near university life, whilst at the same time being within walking distance of Liverpool ONE retail development.

Reduced for a limited period, this is an excellent opportunity to buy a home or an investment property in the heart of the City.

1 Bedroom

ÂŁ99,950 New one-bedroom apartments in a purpose-built development on the doorstep to the city and the vibrant L1. The apartments are built around a central atrium and most have parking. The accommodation comprises : hall, open plan lounge with fitted kitchen, picture window, one bedroom and bathroom.

Information taken from RightmoveUK on 19/08/2013

Local Comparables 2 Bedroom

ÂŁ125,000 The property is located within easy reach of facilities and amenities in Liverpool city centre and has excellent transport links to various districts throughout Merseyside. The accommodation briefly comprises entrance hall, lounge, fitted kitchen, two double bedrooms and a bathroom. Property benefits from double glazing. Externally there is allocated parking.

2 Bedroom

ÂŁ144,950 A two-bedroom, first floor apartment situated on Granary Way. From the private access door, stairs bring you to the accommodation which briefly comprises an entrance hallway leading to an open plan lounge through to a fitted kitchen with ample work surface space and fitted units. Furthermore there are two double bedrooms and a contemporary tiled shower room.

2 Bedroom

ÂŁ119,950 The Anchorage is a sought-after modern development, with this particular apartment looking out over Liverpool Yacht Club and briefly comprising a communal entrance hall leading to the private inner hall, which in turns provides access to the bright accommodation. Consisting of a large open plan living room/dining room, a separate fitted kitchen, two double bedrooms and a family bathroom suite.

15

A

former

European

City

of

Culture

and major tourist destination; with its breath-taking

waterfront

and

bustling

city centre, Liverpool is a global hub for and

a

multitude

professionals,

of

tourists,

all

residents

seeking

a

place

in this thriving metropolis .

of

the

destinations attracts

in

people

top

UK,

from

holiday Liverpool

around

the

globe, a fact highlighted by the more than

five

were

welcomed

of

million

Liverpool

passengers

through John

the

Lennon

who doors Airport

in 2011. In addition to being a major tourist hub, the city is also a centre for commerce;

it

is

home

to

the

fifth

largest

retail

over

3,000

In a bid to counter the rising demand from

hosts a hoard of high street names.

Liverpool 5,000

The is

influx mirrored

visitors

who

of

tourists

by

the

have

into

vast

the

number

become

private new

tenants,

has

with

statistics

of

that

the

the

pledged

homes

city

in

from

average

Mayor to

the Shelter

single

of

deliver city

and,

revealing person

in

permanent

the city needs nine years to save the

increasing

deposit for a house, while the average

amount of strain on the city’s housing

couple need four years, this influx of

market.

properties are likely to be needed for

placing Rental

an

stock

in

Liverpool

grew by 79% between 2001 and 2011

five

the

and

centre in the UK - Liverpool One, which

residents,

“European City of Culture 2008” One

businesses

rental stock.

however; this bank of just over 50,000

“5,000 new homes pledged”

properties is struggling to supply the city’s

growing

populace,

which

has

surged by 5.5% over the last decade

In answer to this rising demand, The

to stand at 466,400.

Gallery is the perfect example of the

“Liverpool rental stock grew by 79% between 2001 and 2011”

type

of

stock

available

refurbished

forthcoming years.

to

and

investors

new-build over

the

About Liverpool

17

6.

Liverpool Central Station

7.

8.

4.

5.

2.

City Centre

3.

Albert Dock

Liverpool Marina

1.

THE Gallery

1. Waterfront – 5 minute walk 2. Albert Dock – 15 minute walk 3. Liverpool ONE Shopping Centre – 16 minute walk 4. Merseyside Maritime Museum - 18 minute walk 5. Tate Liverpool – 20 minute walk 6. Liverpool Central Station – 22 minute walk 7. Liver Building – 24 minute walk 8. Mersey Tunnel – 25 minute walk

DISTANCE TO MAJOR UK CITIES

Manchester – 37 miles

Leeds – 73 miles

Birmingham – 102 miles

Dublin – 173 miles

London – 214 miles

Map

THE Gallery

19

Frequently Asked Questions

AM I BUYING AS FREEHOLD OR LEASEHOLD? 250 years leasehold

WHAT IS THE ADDRESS OF THE SITE? The Gallery, 14 Plaza Boulevard, Liverpool L8 5RS

ARE THERE TENANTS ALREADY IN PLACE? Yes, the development is fully tenanted, allowing you to receive an immediate income on your investment

WHAT ARE THE PROJECTED ANNUAL RETURNS ON THIS PROJECT? There is a rental assurance in place for the first five years of 6% NET

CAN I RECEIVE FINANCE ON THIS DEVELOPMENT? No finance will be available until 6 months after purchase

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? X1 Lettings has taken over the management of the site and there is a caretaker’s office located on the ground floor of 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, The Gallery is a residential development so you are free to sell your unit on the open market as a buy-to-let apartment

21

• Once

your

selected

unit(s)

with

property complete

the

has help

consultant, the

been

this should you require assistance,

time of exchange you will also be

your

as

required to sign and return your

of

please

we

have

recommended

reservation

experienced

a

solicitors in

agreement and return along with

let

a copy of your passport, recent

transactions.

selection who

handling

accommodation

of are

on the reservation agreement. are

required

to

you

are

unable

to

investment

solicitor will be able to act as your Power

of

Attorney.

Please

note

that your solicitor may charge a •

Your solicitor will advise you of the

fee for this service.

paperwork they will require from you.

• You

If

do this due to your location your

utility bill and your deposit. The bank transfer details will be found

contracts.

buy-to-

pay

a

Please

return

this

promptly

to reduce the risk of delays.

• After

you

contracts

reservation deposit.

you

have will

exchanged receive

a

welcome letter from the developer payment

which will detail the future service

Consultant

• Your

will be made when you exchange

they will provide and include all

has confirmed they have received

contracts. Your solicitor will inform

contact details.

your paperwork, you will need to

you when they have the date for

instruct a solicitor. Your consultant

exchange

providing

will be on hand to help you with

adequate

notice

• Once

your

Property

Purchase Process

first

installment

you

period,

with

an

at

the

• Your

final

payment

will

when construction completes.

be

due

STAGE 1 STAGE 2 STAGE 3

Reservation form and deposit of ÂŁ5,000

Solicitor instructed, legals and sales pack sent out

Remaining balance due on completion

23

We

are

a

long-standing

company,

founded in 1997 (a LTD company since 2004) with an excellent reputation.

We of

have over

property

a

large

experienced

30

staff,

with

experience

a

of

team

collective

more

than

200 years.

Knox

1,000

properties

International a

year,

sell

with

over

a

total

value of over £100 million. have

products

Knox

partner

network

International of

over

has 200

a

offices

worldwide.

We sell property in over 50 countries worldwide and have local expertise on the ground in every location.

We cater to all types of clients, from

Knight

We

Knight

that

exclusive are

market-leading

hand-picked

proven

investments that sell in volume.

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

first-time helping

buyers build

to

large

property

investors,

portfolios

and

establish good income returns.

Most of all, our clients buy with us again honest,

and

again

experienced,

because professional

market the best opportunities.

we’re and

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

About Knight Knox International 25

About The Developer X1 Developments is an investment company based in the heart of Liverpool, which meets the needs of UK and overseas investors looking for an organisation that

offers

exceptionally

high

quality

investments,

which

have

been

selected

and overseen by individuals who have unrivalled knowledge, experience and background in the product, market sector and location.

Not

only

does

X1

Developments

offer

an

exciting

portfolio

of

real

estate

investments, but it also offers a follow-through service via its sister company X1 Lettings, which carries the same high level of expertise in order to manage and protect our clients long term investments.

X1 Developments is THE Company for anyone looking to invest in Liverpool & throughout the U.K, with a track record of past developments which speaks for itself.

Download the new X1 Developments app from the Apple Store for further details on all X1 projects, including images, movies, panoramas and detailed descriptions.

*Only available through the Apple store

LD

SO T!

OU X1 Salford Quays, Phase 2, Manchester X1 Chapel Street, Manchester A brand new student accommodation development within walking distance of Manchester’s Universities, this four-floor building will contain 90 en-suite studios and 3 en-suite penthouse flats.

Located in an area undergoing a huge amount of regeneration, students living at X1 Chapel Street are within 10 minutes of the city centre and close to all local facilities and amenities.

Following on from the fantastic success of Phase One, investors can now purchase one and two-bed apartments in the second phase of X1 Salford Quays.

The four-storey, 60-unit apartment minutes of Manchester City Centre new MediaCityUK in Salford Quays.

block is within and the exciting

Investors will recieve an assured return of 6% NET yield for 5 years from completion.

Register your interest today!

Investors will receive 8% assured NET rental yields for 5 years.

Completion Date: Summer 2014

27

Market Leaders in Worldwide Property Investment +44 (0)161 772 1370

0514V2