Cornwall Works Brochure

-Sheffield-

INVESTMENT summary PHASE PHASE 11 COMPLETED COMPLETED AND AND FULLY FULLY TENANTED TENANTED

Spacious studios from just £89,995 Impressive rental yields of 7.5%+ 48 self-contained studios and 1 beds priced at 19% below local comparables Part of the Northern Power House Initiative, Sheffield’s affordable and high demand property market represents one the premier BTL hotspots in the UK today Sheffield is home to two world class universities with over 65,000 students Phase 1 completed and fully tenanted Completion Q3 2019 Low deposit, just 35% required prior to completion Zero service charge and management fees for years 1 & 2 Opportunity to own high-spec apartments in Sheffield’s hottest new Quarter Fully hands-off investment, managed by established UK operator

introducing Cornwall Works A stunning new development in Sheffield’s vibrant Kelham Island Quarter - the perfect location for high quality, city living.

Cornwall Works, located in the historic and beautiful Kelham Island ‘urban village’ of Sheffield.

This is actually the second phase of Cornwall Works! The first phase has proven extremely successful and is fully built and 100% tenanted.

This development comprises 48 self-contained luxury studio and 1 bedroom apartments. Built to the highest specification this 2nd phase of Cornwall Works is perfectly suited to meet the demands of todays competitive rental market.

WHY INVEST IN SHEFFIELD Sheffield is an economic powerhouse in the north of England, attracting businesses globally with a high employment rate, and excellent accessibility and connectivity. Around 2.1 million people live within a 60 minute commute of the city where growing key sectors include the creative and digital industries, low-carbon, and healthcare technologies.

The city centre has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city.

Sheffield’s Thriving Economy Jobs in the city increased by 22% between 1995 and 2008

Over 65,000 students study at Sheffield’s two universities, including more than 7,000 international students. The city recently topped a list of university towns and cities that could benefit from more student accommodation: the universities are only able to provide 11,369 bedrooms to more than 46,890 full-time students, leaving a massive 76% looking for accommodation in the private rented sector.

The naturally growing population and international student growth are key driving forces behind demand for quality purpose-built accommodation and, with no cap on the numbers who can study in the UK, Knight Frank forecasts this amount will increase by 15-20% over the next five years.

With an economy bigger than some European countries, the Sheffield City Region is a significant financial power. The region is home to almost 1.8 million people and has an output of more than ÂŁ24.7 billion per year.

A vibrant and CULTURED CITY Sheffield is a richly diverse, multicultural city that has earned its reputation for being one of the friendliest and safest in the UK. The UK’s fourth largest city, Sheffield offers a unique blend of both urban lifestyle and rural retreat. The city has been going through something of an ‘urban renaissance’ in recent years, making the most of its grand industrial heritage and architecture, and reinventing itself as a city of European significance.

Sheffield has something for everyone: a vibrant pub and club culture; high street and boutique shopping; restaurants to suit all tastes; the largest theatre complex outside London; art galleries; iconic music venues; and sports facilities, including three climbing centres and the world’s deepest diving pool.

Yet a third of the city also lies within the beautiful Peak District National Park. This combination of an exciting, bustling, cosmopolitan city within an outstanding area of natural beauty makes Sheffield a truly unique and inspirational place to live, work and study.

Part Part of of the the Northern Northern Power Power House House Initiative, Initiative, Sheffield’s Sheffield’s affordable affordable and and high high demand demand property property market market represents represents one one the the premier premier BTL BTL hotspots hotspots in in the the UK UK today today

enjoy rental yields in excess of 7.5

PAY ZERO SERVICE CHARGE AND MANAGEMENT FEES FOR YEARS 1 AND 2

Investing in Sheffield’s Buy-To-Let Market Sheffield is England's 4th largest city. It is an exciting and

According to Knight Frank, Sheffield’s rental market is

modern place, with a population of over 500,000. Sheffield

providing optimism for the city’s property sector. Rental

City Centre offers buy-to-let investors the best returns in the

properties in Sheffield city centre are snapped up in an

UK, according to recent research conducted by Comparison

average of three days with up to five tenants vying for each

website TotallyMoney.com across more than 2,600

available property. It is an excellent opportunity for private

postcodes. Low property prices, improvements to the city

landlords to invest in a new property with such a high chance

centre and high tenant demand due to population retention

of finding a suitable tenant at short notice upon completion.

rates have clearly created the perfect conditions to make

With sensibly priced houses, flexible mortgages and the

Sheffield a buy-to-let hotspot.

increasing price of rent, conditions are ideal for investment.

Sheffield’s attractiveness is no disadvantage and with

Knight Frank commented "Sheffield is at a massive advantage

changes across the city landscape including new homes,

over other major northern cities, benefiting from its location,

renovated buildings and commercial hubs, it’s only going to

strength of the rental market and relative undersupply of city

become more popular. There is an influx of people moving to

centre residential units. The strength of the rental market

the city for work and students from the University of Sheffield

can also be attributed to the limited number of high quality

and Sheffield Hallam University remaining in the city that

centrally located schemes in Sheffield, especially when

they’ve grown to love. It has an ever-developing commercial,

compared with other regional centres across the UK"

cultural and arts scenes, and those who wish to live here but don’t have the accessible funds to buy a home are turning to rented property.

LIVING AND WORKING IN KELHAM ISLAND The Kelham Island Quarter has an edgy, dynamic ‘SoHo’ feel about it, characterised by warehouses converted into high spec offices and apartments, artisan businesses and workshops, galleries, cafes, bars, restaurants and award winning pubs. Its riverside setting and central square further add to its charm.

For ale connoisseurs, the Kelham Island Tavern is the only pub to have won the coveted CAMRA National Pub of the Year Award for two years running.

The area buzzes with energy and has fast become Sheffield’s ‘place to be’, attracting young professionals, couples and also families who enjoy its vibrant sense of community.

Kelham is a unique and exciting space in which to live, work and visit, so many don’t feel the need to venture further! Yet it is well connected by excellent bus and tram links to the city centre, universities and local colleges. The Peak District National Park is also just a 10 minute drive away.

Kelham Kelham Island’s Island’s award award winning winning pubs, pubs, The The Fat Fat Cat Cat and and the the Kelham Kelham Island Island Tavern, Tavern, were were recently recently mentioned mentioned in in the the New New York York Times’ Times’ article article “52 “52 Places Places to to Go Go in in 2014”.

2014”.

Centrally Located, Centrally Connected TRAINS Sheffield has extensive rail links to all

Located at the heart of the UK, Sheffield has

major UK cities. Manchester is less

excellent transport links whether you are traveling

than an hour by train and London is just

by road, rail or air.

2 hours and 4 minutes away. Trains run from Sheffield to London every hour,

Sheffield is the UK’s most centrally located city

and up to three times per hour to and

region. It is at the hub of key road and rail networks

from Manchester.

and close to the major UK business centres of Manchester and Birmingham.

ROADS Sheffield is connected to the national motorway network via the M1 and M18 motorways. The M1 skirts the

leeds

north-east of the city, linking Sheffield with London.

AIRPORTS Manchester Airport is an hour’s journey away by car, and just over an hour by train. This major international airport is the largest outside London and provides direct flights to over 220 destinations worldwide - more than any other UK airport.

Sheffield Sheffield will will also also benefit benefit from from the the development development of of Northern Northern Powerhouse Powerhouse Rail, Rail, which which will will reduce reduce journey journey times times to to Leeds Leeds and and Manchester Manchester to to under under 30 30 minutes minutes

manchester liverpool

SHEFFIELD

LONDON

Cornwall Works location

KELHAM ISLAND MUSEUM

SOCIAL Kelham Island Quarter has all manner of cafes, gastro pubs, bars and breweries, which are thriving in what is quickly becoming a new student and young professional mecca.

SHOPS Kelham Island has many unique points of interest reflecting its past, such as outlets for vintage clothes and handmade trinkets, and various artist studios and museums.

TRANSPORT Sheffield’s central location is of huge benefit when it comes to transportation. With the whole of the UK easily accessible

10 MIN WALK

via trains, roads and air transport.

EDUCATION Home to over 63,000 students due to its 2 successful universities, Sheffield and more specifically the Kelham Island

O2 ACADEMY

quarter is forging a name for itself as one of the trendiest places to live in the UK.

THE UNIVERSITY OF SHEFFIELD

15 MIN WALK

sheffield retail quarter

20 MIN WALK

HALLAM UNIVERSITY

the management

Belvoir Lettings focuses on its core principles of professionalism and delivering exceptional customer service.

They aim to constantly exceed their clients expectations.

They enjoy a high standing within the lettings sector and by never losing sight of their core values Belvoir are the first choice for lettings in the UK. Belvoir recently won the title of Best Lettings Franchise at the Lettings Agency of the Year 2014 in association with The Sunday Times and the Times.

In 2012 Belvoir became the first residential lettings agency to launch on the AIM of the London Stock Exchange. Belvoir has numerous offices throughout the UK and an ambitious acquisition programme is underway, which means many more offices are scheduled to open in the next few months.

Bells Court, Sheffield

purchase process Reserve your unit with a ÂŁ5,000 reservation deposit (including ÂŁ1000 admin fee) On exchange of contracts pay 35% (less ÂŁ4,000 from reservation deposit)

The remaining 65% will be paid on completion ( please note, furniture pack payment will be due prior to completion)

Rolling rental contract with 7.5%+ yields