Cavendish Court, Lake District Investment Brochure

CAVENDISH COURT KENDAL

LA9

O H C P R O P E RT Y F I V E

CAVENDISH COURT IS A COLLECTION OF LUXURY APARTMENTS WITHIN A HISTORIC CONVERSION OF A LANDMARK PROPERTY IN THE CENTRE OF KENDAL.

Discover nature-inspired design and luxurious interiors in

one of the Lake

Districts most exciting locations, where the streets buzz with holiday makers, country pubs and independent stores while mouthwatering dining experiences wait around every corner..

COUNTRYSIDE LOCATION WITH A MODERN TWIST These 15 homes – ten 1-bedroom and five 2-bedroom – offer light-filled living areas, intelligent use of the original structure and the most stylish colours and tones used throughout, to create a The black and white Victorian style façade, gives residents the opportunity to live in an individualistic block that stands out on the high street compared to it’s neighbours A new landmark has arrived in Kendal.

Cavendish Court Apartments combines the iconic, period exterior with stunning bespoke interiors to provide a home that’s cut above the rest.

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Whether travelling into the lake for a boat ride, the hills for a walk or into a local town to explore the independent shops, Cavendish has everything on it’s door step.

WINDERMERE

LAKE DISTRICT NATIONAL PARK

15 Mins by Car

13 Mins by Car

Windermere is the perfect Lakeland

The Lake District National Park is

destination all year round. With the

a national park in North West

shores of the lake so close, you are

England that includes all of the

never short of fantastic scenery or

central Lake District, though the town

leisure activities. Several local

of Kendal, some coastal areas, and the

viewpoints offer panoramic views of

Lakeland Peninsulas are outside the park

both the lake and more distant

boundary.

mountains.

SCAFELL PIKE

HELVELLYN

35 Mins by Car

45 Mins by Car

Scafell Pike or is the highest

Helvellyn is a mountain in the

mountain in England, at an

English Lake District, the highest

elevation of 978 metres above sea

point of the Helvellyn range, a

level. It is located in the Lake

north-south line of mountains to the

District National Park, in

north of Ambleside, between the lakes

Cumbria, and is part of the

of Thirlmere and Ullswater.

Southern Fells.

MANCHESTER

LEEDS

TRAIN – 1HR 35MINS

TRAIN – 2HR 35MINS

DRIVE – 1HR 27MINS

DRIVE – 1HR 50MINS

LONDON

LIVERPOOL

TRAIN – 3HR 20 MINS

TRAIN – 1HR 30MINS

DRIVE – 4HR 30MINS

DRIVE – 1HR 38MINS

GLASGOW

EDINBURGH

TRAIN – 1HR 55MINS

TRAIN – 2HR 20MINS

DRIVE – 2HR 20MINS

DRIVE – 3HR 0MINS

EDINBURGH GLASGOW

C C

A WELL LEEDS

LOCATION

MANCHESTER LIVERPOOL

LONDON

1 2 3

Kendal Castle Kendal’s festival scene brings over 50,000 visitors per year Lake District National Park 1

Situated to the South of the Lake District and only a few miles from the sea, Kendal is especially well placed to cater for everyone’s home and holiday needs.

3 2

The town boasts a fine selection of shopping arcades, two castles, two museums, a host of historical buildings and bridges, fine restaurants, a multitude of public houses, excellent local schools, low crime rates, quality hotels and views that would please the most demanding photographer

EXPLORE KENDAL’S NEIGHBOURHOOD

WHY

6.9%

ÂŁ1.4

47

Growth in visitors staying over

Billion spent by visitors in 2017

Million visitors to the Lakes in 2019

IN KENDAL?

Kendal is fast becoming one of the most sought after hot spots from investors in the North of England. Over the past 5 years property prices have grown consistently 5% per annum and rents have kept up.

7.7% Property price growth in 2019

18% Growth in tourism

ÂŁ25m Invested into the high street. Part of the ÂŁ1bn project into regeneration

This is due to a large variety of factors, including the huge growth in English residents that previously went abroad for their vacation, plus the huge growth in Chinese and Japanese tourists since the Unesco Heritage stamp.

Kendal as an area, still has a large amount of scope to grow, as in comparison to towns such as Windermere and Bowness, the prices are considerably less.

1 2 3 4

Lake Windermere Castlerigg Stone Circle The world of Beatrix Potter Helvellyn & Scaffell Pike

1

Situated to the South of the Lake District and only a few miles from the sea, Kendal is especially well placed to cater for everyone’s home and holiday needs.

3 2

The town boasts a fine selection of shopping arcades, two castles, two museums, a host of historical buildings and bridges, fine restaurants, a multitude of public houses, excellent local schools, low crime rates, quality hotels and views that would please the most demanding photographer

BE INSPIRED BY SOUTH LAKELAND

1 /3

55%

13%

domestic holidaymakers (31%) plan to spend more holiday time in this country in 2019

tourism businesses reported an increase in domestic tourism since 2017

increase in British holidaymakers booking UK hotels this summer compared to last year

A RISE IN

HOLIDAYS

More British holidaymakers are opting to take domestic breaks this summer instead of travelling abroad, new research claims.

ÂŁ224

16 - 34

59

The average spend on staycations, which is a huge 37% increase

year-olds took 12% more domestic holidays in England in 2017 than in 2016

million staycations were booked, up 6% on the previous year

The increasing trend for staycations comes amid Brexit uncertainty along with hopes for a repeat of last summer’s record-breaking heatwave.

UK holiday searches and bookings are up by a third on this time last year together with increased UK hotel reservations.

HOW

HAS EFFECTED VACATIONS

A recent survey showed 17.76% say

•

they prefer Staycations in the UK, regardless of the Coronavirus

16

pandemic •

Britain's cottages, hotels and holiday sites are experiencing a rush in bookings

•

People across the UK are giving up on travelling abroad amid quarantine fears •

Some cottages have just three weekends free from March until September 2021

LOCAL

PRICE COMPARISON

Average House Prices 16

Lake District - £277,675 Windermere - £358,796 Ambleside - £433,603 Cartmel - £422,143 Coniston - £282,979 Grasmere - £512,075

Kendal - £242,937

UNESCO

HERITAGE SITE

The Lake District has joined the likes of the Grand Canyon, the Taj Mahal and Machu

16

Picchu by being awarded Unesco World Heritage status.

The national park was one of 33 sites around the world to be discussed by the Unesco committee in Krakow, Poland.

The committee praised the area's beauty, farming and the inspiration it had provided to artists and writers.

It is the 31st place in the UK and overseas territories to be put on the Unesco World Heritage List.

At Cavendish Court, creative innovation and attention to detail are combined to create spaces that are truely refined.

Entrance Hall and Staircase:

Master Bedroom

Carpeted walkways

Sizeable bedrooms big enough to fit Kings

CCTV to main entrances

Size beds

Residents intercom and fob access

Bedside drawer sockets Satellite TV point

Kitchen/ Dining/ Living

Carpe

Wood style floor Designer appliances

Master Bathroom

Designer kitchen with floor and wall mounted units

Tiled flooring

Fridge/ freezer

Designer taps and shower

Slim line dishwasher

Wall mounted toilet role holder

Hob with splash back and overhead fan

Wall mounted robe hook

Fitted oven

Shaving and electric toothbrush socket Bath with overhead shower

General Satellite TV to bedroom and lounge areas Painted timber flat panel doors Painted timber skirtings and architraves Audio/video entry phone Fire alarm

Under sink storage unit Opaque bathroom windows

Comparable Properties Advertised 2.

1

Milcrest Studio £100 per night - Booking.com

2

Romneys £165.20 per night - Booking.com

3

The Orchards - £80 per night - Booking.com

1 BED SERVICED APARTMENT INVESTMENT

3.

EXAMPLE PROPERTY PRICE £155,000.00 Average - £100 per night Gross Annual Income - £31,025.00 Occupancy Rate - Medium 85% Fixed Costs - £740 p/a Variable Costs - £12,410.00* Management Fee – 19% NET Income - £17,875.00 NET Yield - 11.53%

*Variable costs include council tax, water, electricity, linen, management and cleaning

The above figures provided are to show examples of properties that are being let out currently through portals such as AirBnB and Booking.com. In no way should these figures be taken as a guarantee or an assurance provided by the developer. All investors should do their own research prior to purchase.

1.

Comparable Properties Advertised

2 BED SERVICED APARTMENT INVESTMENT 1.

EXAMPLE PROPERTY PRICE £195,000.00 Average - £130 per night Gross Annual Income - £40,332.50 Occupancy Rate - Medium 85% Fixed Costs - £930 p/a Variable Costs - £16,133.00* 2.

Management Fee – 19% NET Income - £23,269.50 NET Yield - 11.93%

1.

Highgate Apartment £147.43 per night - Booking.com

2.

Stramongate (3 Bed) £228.06 per night - Booking.com *Variable costs include council tax, water, electricity, linen, management and cleaning

The above figures provided are to show examples of properties that are being let out currently through portals such as AirBnB and Booking.com. In no way should these figures be taken as a guarantee or an assurance provided by the developer. All investors should do their own research prior to purchase.

THE DEVELOPER The team behind Cavendish Court have over 10 years of property development and investment experience and have developed and sold over 100 properties, predominately working on the conversion of existing properties into residential homes of style and quality.

The developer, OHC Property Five Limited, pride themselves on developing property in areas of strong capital growth and to offering an above market specification for there clients. Their moto is 'build luxury, sell to the high street' which refers to their general approach of offering high end specification for mid range and market prices.

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All CGI’s in this brochure are an artists representation of the development and it’s apartments. The artist has followed plans for a sizing guide but the details are intended to give a general indication of the proposed specification. The developer operates a policy of continuous product development and reserves the right to alter any part of the development specification at any time. Where materials are specified, the developer reserves the right to replace the materials with another of equal quality or better.

Working with a talented team of architects, designers, solicitors and surveyors OHC Property Five Limited are on target to complete this iconic, stylish development.

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Payment Plan £500 Admin Fee £3000 Reservation Deposit 30% on Exchange of Contracts (Minus the £3000 Deposit) Remainder on Completion

Contact Us Please contact one of our sales consultants for more information regarding Cavendish Court.

www.residential-estates.co.uk sales@residential-estates.co.uk 01244 34 33 55

CAVENDISH COURT KENDAL

LA9

All CGI’s are an artists representation of the development and it’s apartments. The artist has followed plans for a sizing guide but the details are intended to give a general indication of the proposed specification. The

O H C P R O P E RT Y F I V E

developer operates a policy of continuous product development and reserves the right to alter any part of the development specification at any time. Where materials are specified, the developer reserves the right to replace the materials with another of equal quality or better.