Residential Estates Investment Brochure

INVESTMENT SNAPSHOT

CONTENTS NO.21 CANNON STREET

05

MITCHELL HOUSE

07

KENNACOTT COURT

09

OAK COURT

11

BOND STREET

13

CROFT STREET

15

TRINITY

17

UNION LOFTS

19

EXCHEQUER GRANGE

21

THE BATH HOUSE

23

CAVENDISH COURT

25

EDEN GROVE

27

THE VILLAS

29

ICONA

31

HORIZON

33

GUILD HOUSE

35

THE PRESS

37

APEX LOFTS

39

POTENTIAL FOR OVER 10% NET LONGEVITY AST’S SHORT TERM ACCOMMODATION CAPITAL APPRECIATION

03

Location Preston Prices from £129,000 Modern Finishes Eco-friendly features Forecasted Returns NET yields 10% Forecasted Growth High 04

No.21 is located in the heart of Preston city centre on Cannon Street. A stylish new build development providing attractive and well designed apartments.

Cannon Street has recently been upgraded by the city council with the benefit of restricting vehicle movements & providing a pedestrian & occupant friendly atmosphere in the centre of Preston’s cafe quarter.

NO.21 CANNON STREET PRESTON • • • • • • • • • • • •

x12 generously proportioned luxury apartments with juliet balconies Finished to a high standard with integrated appliances Designed with the eco footprint in mind - low carbon efficient heating & solar panels x9 one bedroom apartments and x3 two bedroom apartments Short term lets has been approved within the lease All apartments have been finished to a high standard including fitted kitchens, contemporary bathrooms & eco-friendly features Prices starting from £129,000 NET yields predicted of 10% on short term let model Located in the Winckley Square conservation area Providing luxury accommodation in an area of demand Ground rent is 0.01% of the purchase price Address: 21 Cannon Street Preston PR1 3NR

CONTEMPORARY FINISH LUXURY ACCOMMODATION LOCATED IN THE HEART OF PRESTON’S CAFE QUARTER

05

Location Eastleigh Prices from £123,000 Flexible Lease Allows for short term lets Forecasted Returns NET yields of up to 10.46% Forecasted Growth High 04

Proudly named after R J Mitchell, the talented engineer who led the team designing the beloved Spitfire. Designed as a short range high performance aircraft, the Spitfire was instrumental in the Battle of Britain between July and October 1940.

Mitchell House comprises of studio, one and two bedroom luxury apartments built over four floors to a high specification.

MITCHELL HOUSE EASTLEIGH • • • • • • • • • • • •

x37 studio, one and two bedroom luxury apartments Recently completed conversion of a former office block Designed and tailored towards the short term let market x2 studio, x34 one-bedroom, x1 two-bedroom apartments Located opposite Eastleigh Train Station - direct links to London & Southampton Prices starting from £123,000 Estimated NET yields as high as 10.46% achievable Luxury apartments with all white goods included Providing short term accommodation in a popular location Complete, instant income generators Ground rent is 0.1% of purchase price Address: Mitchell House, 40-60 Southampton Road, Eastleigh, Hampshire, SO50 9XD

SYMPATHETICALLY CONVERTED COMPLETED DEVELOPMENT PERFECT FOR SHORT TERM LET MARKET

07

Location Bude, Cornwall Prices from £210,000 Multi use investment Perfect for holiday home Forecasted Returns NET yields of up to 12% Forecasted Growth High 04

With demand for luxury accommodation in Cornwall that continues to outstrip supply, Kennacott Court makes for an exceptional investment opportunity in an area of outstanding natural beauty.

Kennacott Court is a 4* self catering accommodation set within 70 acre’s of picturesque grounds, consisting of numerous outdoor activities such as; x2 outdoor tennis courts, adventure trail, football, outdoor chess and an 18 acre woodland.

KENNACOTT COURT BUDE

• • • • • • • • • • • •

x14 contemporary holiday cottages Designed and tailored towards the furnished holiday let market Cornwall has been voted #1 in the British Travel Awards for ‘UK Holiday Destination’ for 8 years running x3 one-bedroom, x6 two-bedroom, x3 three-bedroom cottages & x1 five-bedroom house Located half a mile from the beach at Widemouth Bay Prices starting from £210,000 NET yields as high as 12% achievable Excellent communal on-site facilities Providing holiday accommodation in a popular location Complete, instant income generators Ground rent is £100 per annum - fixed Address: Kennacott Court, Box’s Shop, Bude EX23 0ND

BEAUTIFUL LOCATION IN DEMAND PROPERTY CAN BE USED AS A HOLIDAY HOME AS WELL AS INVESTMENT

09

Location Dudley, Birmingham Prices from £81,000 Flexible Lease Allowing for short term lets Forecasted Returns NET yields of up to 7.38% Forecasted Growth High 04

In readiness for the 2022 Commonwealth Games, Birmingham and the outlying towns are beginning construction projects that will eventually leave a lasting legacy in terms of jobs and new amenities.

Oak Court is completing the end of June 2021, providing a mixture of high quality one and two bedroom apartments. Because of it’s location, this development is an ideal option for short term lets to contractors and corporate visitors.

OAK COURT DUDLEY, BIRMINGHAM • • • • • • • • • • • •

x78 1 & 2 bedroom luxury apartments Designed and tailored towards the short term let market Located in DY5, a prime location and enterprise zone for businesses x77 one-bedroom apartments & x1 two-bedroom apartment Stylish interiors to a modern specification Prices starting from £81,000 NET yields as high as 7.38% achievable Located within walking distance of Waterfront Business Park & Merry Hill Shopping Centre Providing luxury accommodation in an area of demand Led by a highly successful British developer Ground rent is £100 reviewed with RPI every 10 years Address: Oak Court, Dudley Road, Brierley Hill, west Midlands, DY5 1LG

SYMPATHETICALLY CONVERTED PERFECT FOR SHORT TERM LETS LOCATED WITHIN A ENTERPRISE ZONE

11

Location Dewsbury, West Yorkshire Prices from £70,000 Flexible Lease Allowing for short term lets Forecasted Returns NET yields of up to 6.7% over 5 years Forecasted Growth High 04

Bond Street is a completed development located in the West Yorkshire town of Dewsbury, just 8 miles outside of Leeds city centre. This superb block of apartments are ideally located close to all amenities Dewsbury has to offer, including the train station connecting Leeds & Manchester just 50 metres away.

This development is a fantastic opportunity for an investor looking for a turn key investment, with many of the apartments already tenanted providing an instant income generating asset.

BOND STREET DEWSBURY • • • • • • • • • • •

3x studio’s and 3x two-bedroom apartments Finished to a high specification throughout Located in a desirable location for commuters Stylish interiors to a modern specification Prices starting from £70,000 Predicted NET yields over 5 years of 6.7% Located within walking distance of Dewsbury Train Station 5 year rental guarantee £0 service charge until 01/01/2023 Ground rent is £200 per annum Address: Bond Street, Dewsbury, WF13 1AU

INSTANT INCOME GENERATOR PERFECT FOR SHORT TERM LETS LOCATED IN HIGHLY DESIRABLE LOCATION

13

Location Dewsbury, West Yorkshire Priced at £80,000 Flexible Lease Allowing for short term lets Forecasted Returns NET yields of up to 6.7% over 5 years Forecasted Growth High 04

Croft Street is a completed development located in the West Yorkshire town of Dewsbury, just 8 miles outside of Leeds city centre. This superb block of apartments are ideally located close to all amenities Dewsbury has to offer, including the train station connecting Leeds & Manchester just 50 metres away.

This development is a fantastic opportunity for an investor looking for a turn key investment, with many of the apartments already tenanted providing an instant income generating asset.

CROFT STREET DEWSBURY • • • • • • • • • • •

5x two-bedroom apartments Finished to a high specification throughout Located in a desirable location for commuters Stylish interiors to a modern specification Priced at £80,000 Predicted NET yields over 5 years of 6.7% Located within walking distance of Dewsbury Train Station 5 year rental guarantee £0 service charge until 01/01/2023 Ground rent is £200 per annum Address: Croft Street, Dewsbury, WF13 1AR

INSTANT INCOME GENERATOR PERFECT FOR SHORT TERM LETS LOCATED IN HIGHLY DESIRABLE LOCATION

15

Location Colwyn Bay Prices from £120,000 Flexible Lease Allowing for short term holiday lets Forecasted Returns NET yields up to 10% achievable on furnished holiday let model Forecasted Growth High 04

A stunning stone structure in the heart of North Wales. The Trinity is where history and style are married together. This unique and grand building has been a landmark spot in Colwyn Bay for hundreds of years.

It is now time for a new breath of life that will offer residents a sense of its former glory, partnered with the most cutting edge architecture, high-end interior design & original features.

TRINITY COLWYN BAY • • • • • • • • • • • •

8 luxury apartments converted from a former chapel Designed and tailored towards holiday lets Located in a prime UK staycation area in North Wales x6 two-bedroom apartments & x2 two-bedroom duplex penthouses Eye catching original facade and sympathetic restoration Prices starting from £120,000 NET yields as high as 10% achievable Located just minutes from Colwyn Bay Train Station Providing luxury accommodation in an area of demand Renown developer and construction company Ground rent is 0.1% of sale price Address: Woodland Road West, Colwyn Bay, Wales, LL29 7DH

CONVERSION OF FORMER CHAPEL PERFECT FOR HOLIDAY LETS POPULAR HOLIDAY DESTINATION IN NORTH WALES

17

Location Preston Prices from £132,500 Modern Finishes Eco-friendly features Forecasted Returns NET yields over 5% Forecasted Growth High 04

The Union Carriage Works is a historic late Victorian warehouse in Guildhall Street, Preston, being refurbished and converted into wonderful new homes by Etc Urban Developments.

The development consists of a range of studio, through to one, two and three bedroom New York loft-style apartments.

UNION LOFTS PRESTON • • • • • • • • • • • • •

10 generously proportioned, completed loft-style duplex apartments Beautiful renovation of former Victorian warehouse Located in a prime city centre location x1 three bedroom, x4 two bedroom, x2 one bedroom and x3 one bedroom mezzanine duplex’s Most of the apartments come complete with a private terrace All apartments have been finished to a high standard including fitted kitchens, contemporary bathrooms & eco-friendly features Prices starting from £132,500 NET yields are above 5% Underground parking spaces are also up for purchase Providing luxury accommodation in an area of demand Some of the apartments are currently tenanted, providing investors with an instant income generating asset Ground rent on all units is £1 Address: Union Lofts, 50 Guidhall Street, Preston, PR1 3AS

COMPLETED DEVELOPMENT LUXURY ACCOMMODATION CONVERSION OF A HISTORIC VICTORIAN WAREHOUSE

19

Location Bournemouth Prices from £132,000 Flexible Lease Allowing for short term holiday lets Forecasted Returns NET yields up to 15% achievable on furnished holiday let model Forecasted Growth High 04

Exchequer Grange is a conversion of a former 1900’s office building. The developer has brought the property back to life converting the current offices into 14 self-contained modern and light apartments specifically built for serviced accommodation taking full advantage of the centralised location.

EXCHEQUER GRANGE BOURNEMOUTH • • • • • • • • • • • • •

14 self-contained modern, light apartments Beautiful renovation of former 1900’s office block Set within a gated complex x10 large studios, x3 one bedroom & x1 two bedroom apartments Fully furnished, complete with all white goods (including oven, washing machine, fridge/ freezer), blinds and TV’s included in all apartments Prices starting from £132,000 NET yields as high as 15% achievable through the furnished holiday let model Flexible lease allowing for short term holiday lets - one of a handful of buildings in Bournemouth are allowed this Bournemouth beach is within a 10 minute walk of the development Providing luxury accommodation in an area of demand Train station is 1 mile away, providing a direct service to London Waterloo Ground rent is 0.01% of purchase price, reviewed every 10 years with RPI Address: Exchequer Grange, Wootton Grange, Bournemouth, BH1 1PW

POPULAR HOLIDAY DESTINATION LUXURY ACCOMMODATION CONVERSION OF A HISTORIC 1900’S BUILDING

21

Location Caerphilly, Wales Prices from £108,000 Flexible Lease Allowing for short term holiday lets Forecasted Returns NET yields up to 15% achievable on 75% occupancy Forecasted Growth High 04

The Bath House is a conversion of The Penallta colliery, consisting of a mixture of one and two bedroom apartments sympathetically converted to retain some original features such as the existing brick. Situated in Caerphilly and just 7 miles from the Capital of Wales (Cardiff) this development is an ideal investment opportunity for investors looking to take advantage of the furnished holiday let market.

THE BATH HOUSE CAERPHILLY • • • • • • • • • • • • • •

25 apartments in total, x10 exclusive to Residential Estates Historic conversion of a former mining colliery Large one and two bedroom properties 3rd phase of 4 builds, first 2 phases all completed Prices starting from £108,000 with 10% exchange and the rest on completion Due for completion in December 2021 NET yields as high as 10-11% on a 60% occupancy, 15% NET on a 75% occupancy Flexible lease allowing for short term holiday lets Luxury finish with original features retained and loft style apartments Providing luxury accommodation in an area of demand 15 minutes by car and public transport to Cardiff and 20 minutes to the coast and Brecon Beacons National Park Ground rent is 0.01% of purchase price, reviewed every 10 years with RPI Car parking is included in the price Address: The Bath House, Penalta, Caerphilly, CF82 6AN

UNIQUE DEVELOPMENT LUXURY FINISHES THROUGHOUT FLEXIBLE LEASE FOR SHORT TERM HOLIDAY LETS

23

Location Kendal, The Lake District Prices from £140,000 Flexible Lease Allowing for short term holiday lets Forecasted Returns NET yields up to 13.82% achievable in the first year Forecasted Growth High 04

Located in the centre of Kendal, Cavendish Court is a selection of luxury apartments within a historic conversion of a landmark building. With the lease allowing for short term lets, this is a prime opportunity for investors looking to take advantage of the booming UK staycation market.

CAVENDISH COURT KENDAL • • • • • • • • • • • •

15 one and two bedroom apartments Located in a popular UK holiday destination 1 bedroom from £140,000, 2 bedroom from £180,000 NET yields as high as 13.82% achievable in the first year Flexible lease allowing for short term holiday lets 175 year lease from the 1st January 2020 Luxury finish with wood style floors & all white goods included Providing luxury accommodation in an area of demand 47 million visits to The Lake District in 2019 with over 22 million were over night stays Ground rent is 0.01% of purchase price, reviewed every 10 years with RPI Expected to be completed by December 2021 Address: Cavendish Court, 133-139 Stricklandgate, Kendal, LA9 4RX

HIGH QUALITY APARTMENTS POPULAR HOLIDAY LOCATION FLEXIBLE LEASE FOR SHORT TERM LETS

25

Location Appleby, The Lake District Prices from £181,500 Flexible Lease Allowing for short term holiday lets Forecasted Returns Estimated between 10-14% for first year on a 75% occupancy Forecasted Growth High 04

Eden Grove is a collection of true luxury apartments, bungalows & cottages within an historic conversion of a former private school. This opportunity is perfect for investors looking for a dual purpose investment, an income generating asset that can also be used as a second home.

EDEN GROVE APPLEBY • • • • • • • • • • • • •

26 properties ranging from 1 - 4 bedrooms Set within a secure gated development 1 bedroom & 2 bedrooms from £181,500, 3 bedroom from £192,500 Estimated NET yields between 10-14% for the first year, based on 75% occupancy Flexible lease allowing for short term holiday lets 999 year lease with £0 ground rent Fantastic location inbetween the Lake District and Yorkshire Dales Completed development to incredibly high specification Providing high quality accommodation in an area of demand 47 million visits to The Lake District in 2019 with over 22 million were over night stays Significant tax advantages Parking included for all properties Address: Laurel Mount, Bolton, Appleby-in-Westmorland, CA16 6FT/CA16 6FS

LUXURY ACCOMMODATION COMPLETED DEVELOPMENT REFURBISHMENT OF FORMER PRIVATE SCHOOL

27

Location Stoke-on-Trent Price £79,950 & £124,950 Guarantee Amount 8% NET excluding ground rent Guarantee Period 3 years from completion Forecasted Growth High 04

The Villas is a brand new investment opportunity in the UK Purpose Built Student Accommodation (PBSA) sector, giving investors the chance to purchase a fabulous income generating asset.

THE VILLAS STOKE-ON-TRENT • • • • • • • • • • • • •

181 studio & 2 bedroom apartments Fully furnished to a very high standard Studios priced from: £79,950 & 2 bedroom apartments from: £124,950 Guaranteed 8% NET rental yield for 3 years excluding ground rent 4% Interest on deposited funds £350 ground rent £1,350 Service charge and management fee combined Located within a close proximity to Staffordshire University Providing high quality accommodation in an area of demand Unrivalled communal hub with collaborative study spaces, shared kitchen facilities & a games & lounge TV room Limited Car park spaces available - £5,000 each also provides 8% return Address: The Villas, South Wolfe Street, Stoke-on-Trent, ST4 4AD 125-year lease

PBSA GUARANTEED RENTAL INCOME REFURBISHMENT OF FORMER POLICE STATION

29

Location York Price from £225,000 Flexible Lease Allows for short term lets Forecasted Returns Approx 8% NET yield Forecasted Growth High 04

ICONA, is an exemplary collection of 32 one & two bedroom luxury residential apartments offering sophisticated and stylish living just minutes away from York city centre, the second most visited city for tourism in the UK.

ICONA YORK

• • • • • • • • • • • •

Mixture of premium 1 & 2 bedroom apartments Modern, contemporary kitchen suites fully equipped with state of the art appliances 1 bedroom apartments at £255,000 & 2 bedroom apartments at £335,000 Completion date scheduled for January 2021 Flexible lease allowing for short term lets Ground rent is 0.01% with a 10 year review 250 Year lease Properties have a 10 year build warranty Private & communal roof terraces with many apartments benefiting from private terraces Residents benefit from an on site gym and concierge Located in a highly connected part of York, city centre being 10 minutes away Address: Redeness Street, York, YO31 7UU

RESIDENTIAL POPULAR LOCATION FLEXIBLE LEASE FOR SHORT TERM LETS

31

Location Sunderland Price from £49,999 Guarantee Amount 9% NET excluding ground rent Guarantee Period 3 years from completion Forecasted Growth Moderate 04

Located in the heart of Sunderland, the North’s growing maritime city, Horizon is a collection of 154 high specification self-contained studio apartments spread over ten storeys.

These studio apartments offer investors a fully furnished investment that is ready to go.

HORIZON SUNDERLAND • • • • • • • • • •

154 Studio Apartments High Specification Communal Areas Gym and Cinema 5% Interest on Deposited Funds Fully Furnished Suitable for Professionals and Students 9% NET Rental Return for 3 Years Excluding Ground Rent C3 Planning for Professionals and Students 250-Year Lease Prices from £49,995

DUAL PURPOSE INVESTMENT FULLY FURNISHED IN THE HEART OF THE CITY

33

Location Preston Price from £66,500 Forecasted Returns +10% under Short Term Corporate Lets Forecasted Growth High Finance Options Available 04

Guild House is a 4 storey conversion development of Studios, 1, 2 & 3 bedroom apartments located in the heart of Preston City Centre, close to amenities and on the edge of Winckley Square.

GUILD HOUSE PRESTON • • • • • • • • • • •

30% on exchange, remaining on completion Completion December 2019 Suitable for Short Term Accommodation / AST’s Fantastic Location on the edge of Winckley Square Close to Preston Train Station Suitable for Short Term Accommodation Fantastic Location Close to City Centre Regeneration Scheme and Conservation Area Limited Parking Available to Purchase Prices from £66,500

REVENUE OPTIONS CAPITAL APPRECIATION CLOSE TO CITY CENTRE

35

Location Manchester Price from £253,599 Forecasted Returns +10% NET under Short Term Corporate Lets Forecasted Growth High Finance Options Available 04

Beautifully preserved from its 18th-century origins, the former Cooperative Printing Room is a true Manchester landmark.

THE PRESS MANCHESTER • • • • • • • •

Beautifully preserved from its 18th-century origins A true Manchester landmark Renowned Developer High Specification Conversion Ideal for Short Term Corporate Lets Potential for decent capital appreciation Easy access to Manchester city centre Prices from £253,599

COMPLETED OVER 7% NET POSSIBLE GOOD CAPITAL APPRECIATION

37

Location Birmingham Price from £219,000 Forecasted Returns +10% NET under Short Term Corporate Lets Forecasted Growth High Finance Options Available 04

Located within an up and coming area of Birmingham, Apex Lofts has massive potentially for high yields. Situated in the heart of Digbeth, the creative and digitally renowned hub of the city, this location is proving to be a popular choice for young professionals. Apex Lofts is an exceptional residential development offering 80 well designed apartments providing investors the choice of 1 bedroom, 2 bedrooms or duplex style accommodation with exceptional views over Birmingham.

APEX LOFTS BIRMINGHAM • • • • • • • •

Landscaped communal courtyard and sky garden 80 one, two bedroom & duplex style apartments Apex, 50 Warwick Street, Birmingham, B12 0NH 250 Year lease Set to be complete in Q3 2021 Short term lets allowed on the development Underground parking spaces available Apex Lofts is a part of the Smithfield regeneration project happening across Birmingham.

The Smithfield Masterplan will see an injection of over £1.5 billion into the creative district and transform the region. Over the 15-year masterplan, Birmingham Smithfield will add £470 million GVA to the local economy and create nearly 3,000 new jobs.

INNOVATING DEVELOPMENT UP & COMING LOCATION MOMENTS AWAY FROM CITY CENTRE

39

Annual Rental incomes for both long and short term lets can vary for numerous reasons, market conditions, occupancy levels/demand, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also always suggest you carry out your own due diligence in the local market at the time of purchase. Also the provision of lender finance for your purchase is dependant upon individual circumstances and cannot be guaranteed. We advise you to obtain independent financial advice before entering into an agreement upon which you will be relying upon lender finance. Any decision to proceed with lender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase. We are a member of the Property Redress scheme.

www.residential-estates.co.uk

04

Kinnerton House, Bell Meadow, Cuckoos Nest, Pulford, Chester, CH4 9EP T: +44 1244 343 355 E: sales@residential-estates.co.uk