From just £59,999 Canterbury Student Village, Kent · 2013-06-03 · Canterbury Student Village Area University of Kent - 2.1 miles, 40 min walk Canterbury Christ Church University

Canterbury Student Village, KentSTUDENT ACCOMMODATION

From just £59,9999% Net Yield - Developer Buy Back OptionNow is the time to invest in the UK’s Top Property Asset

Introduction

With no new purpose built private student accommodation in Canterbury, the student village is excellently placed to meet this huge demand- this investment opportunity is certainly not to be missed!

ManchesterLiverpool

Birmingham

LondonCanterbury Kent

‘Canterbury is ranked 14th in the top UK cities with the best opportunities for student investment in 2012’

‘Knight Frank Student Report 2012’

‘Only 22.8% of Canterbury’s students can be housed in University run accommodation’

Ranked 14th in the top UK cities with the best opportunities for student investment in 2012 (Knight Frank Student Report 2012); Canterbury, Kent is home to four Universities with a total student population of over 46,000.

Despite higher tuition fees being introduced for 2012/2013, the UK’s higher education system remains heavily oversubscribed, and the development of new student accommodation has not kept pace with the growth in student numbers.

There is a massive demand for high quality student accommodation in Canterbury.

With 26,260 full time students between the two main universities. The

University of Kent and Canterbury Christ Church University, only 22.8%

of those can be housed in University run accommodation. Students are

resorting to privately rented accommodation which is often out dated with

poor facilities.

University

The University of Kent- Canterbury Campus

Canterbury Christ Church University

Total

Total Number of Full Time Students

15,890

10,760

26,650

University Accommodation

(bed spaces)

4,672

1413

6,085

% Bed spaces to F/T Students

29.4%

13.1%

22.8%

© Copyright 2013Keeping UK Property Investment Simple

Location: Canterbury

Canterbury has excellent transport links. It is only 56 miles from London on the M2/A2 and high-speed trains run regularly between Canterbury West and London St Pancras, taking less than an hour.

The Eurostar terminals at Ashford are close by, meaning you can be in Paris, Brussels or Lille within two hours- Europe really is on your doorstep. The Channel ports are within 20 miles, and it is only a 30 minutes’ drive to the Channel Tunnel at Folkestone.

Location: Kent, South East England

Population: 149,000

Student Population: 46,665

A small medieval city with four universities, Canterbury oozes student appeal and offers an eclectic mix of ancient architecture, busy bookshops and comfy cafés, together with lively nightlife, art galleries and great shopping.

A world heritage site renowned for its vibrant and friendly atmosphere, this international destination has been a centre of learning since St Augustine established his first Cathedral and Abbey here around AD600. Steeped in history, the Cathedral remains one of the most visited places in the country. With over 2 million tourists visiting each year, Canterbury is a popular destination for holidaymakers, historians, shoppers, artists, culture fans and more.

“Excellent transport links with London only 55 minutes away and Paris only 2 hours away”

‘Canterbury oozes student appeal’

‘Over 2 million tourists visit each year’


Location: Canterbury

Canterbury Student Village

Area

University of Kent - 2.1 miles, 40 min walk

Canterbury Christ Church University - 1.3 miles, 14 min walk

University of the Creative Arts - 1.3 miles, 24 min walk

Girne American University Canterbury -1.3 miles, 21 min walk

Canterbury Cathedral - 1.1 miles, 15 min walk

St Augustine’s Abbey - 1.3 miles, 20 min walk

Whitefriars Shopping Centre - 1.2 miles, 18 min walk

Canterbury Cathedral

Whitefriars Shopping Centre

Canterbury Christ Church University

University of the Creative Arts


The Universities

Canterbury is home to four universities; the main two being the University of Kent and Canterbury Christ Church University. Renowned as an International centre of learning, Canterbury has become a popular location to attend University, with student numbers increasing year on year despite the rise of tuition fees.

As one of the safest university cities in the UK, Canterbury is well placed to welcome students from all over the world, with over 46,000 living and learning here each year.

University of Kent Founded in 1965, The University of Kent is regarded as the UK’s European university with

an international reputation.

Rated 33rd in the 2013 League Table Ranking.

In the most recent Times Higher Education (THE) Student Experience Survey, Kent came 15th in the UK.

The universities main site is in Canterbury and has additional UK sites in Medway and Tonbridge, and postgraduate centres in Brussels and Paris.

It currently has a total student intake of 19,665, 13.8% of students are from overseas.1

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The University of Kent Canterbury Christ Church University

Historic Growth of Full Time Students


Information

Canterbury Christ Church University Founded in 1962, the university celebrates

its 50th anniversary this year.

International community of over 80 countries

with 1,300 international students.

The university has five campuses across

Kent, located in Canterbury, Medway,

Broadstairs, Tunbridge Wells and Folkestone.

The university is the South-East’s largest centre

of higher education for the public services,

including health, social care, teacher

training and policing.

20,000 students studying at Christ Church

both at undergraduate and postgraduate

level.

University of the Creative Arts The University for the Creative Arts is a specialist university that provides undergraduate and

postgraduate degrees in art, design, architecture, media and communication.

A diverse community of about 7,000 students from more than 70 countries is spread across

the south-east in the five constituent colleges (Canterbury, Epsom, Farnham, Maidstone and

Rochester).

Girne American University Canterbury (GAUC) GAUC is an independent institution of American-style higher education founded in Cyprus in

1985.

International campuses in Singapore, USA and Cyprus, with 7,000 students in total.

International partnerships with Hong Kong, India and the Czech Republic which encourage

student and faculty exchanges.

The university offers degrees in Business, Banking and Finance, Marketing and International

Relations.

Hong Kong and China Portal The University of Kent has launched a five-year fundraising project aimed at generating £2 million to support new scholarship, student exchange and research initiatives involving Hong Kong and China. The Hong Kong and China Portal brings together a range of university programmes and initiatives, provides a focus for links between European and Chinese researchers, and offers students life-changing study and work abroad opportunities.

There are currently around 400 Hong Kong and Chinese students at Kent, studying a variety of courses, from international foundation programmes to PhD-level research. Alongside existing partner institutions such as the University of Hong Kong, Chinese University of Hong Kong, City University of Hong Kong and Hong Kong Baptist University, Kent will continue to strengthen collaborative relationships with internationally renowned institutions in the region.


Information

Employment in CanterburyThe City of Canterbury has a vibrant economy which generates substantial wealth throughout the region. Major employment sectors are public administration, education and health, with service industries accounting for half of all employment in Kent.

Kent’s location as the ‘Gateway to Europe’ is reflected in job opportunities in transport, distribution and travel/tourism. The tourism sector in Kent generates direct visitor spend of £1.8 billion per annum and supports over 49,000 jobs. Canterbury Cathedral alone generates over one million visitors a year.

The city’s economy benefits mainly from significant economic projects such as the Canterbury Enterprise Hub, Lakesview International Business Park and the Whitefriars retail development, providing significant employment opportunities in the area.

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Whilst house prices in the UK fell by an average of 0.2% last month, house prices in Canterbury rose by 4%! (November 2012) This reflects Canterbury’s resilience against the volatile UK housing market.

A report carried out by the federation, Home Truths: South East, recently said that the “rise in demand for homes, coupled with limited supply, will cause house prices and rents to rocket in Kent” This is certainly the case with house prices in Canterbury 4.7% higher than they were in 2011 and they are expected to rise another 61 per cent in the South East in the next 10 years.

‘Tourism generates £1.8 billion per annum’

‘House prices in Canterbury are expected to rise by a massive 61% in the next 10 years’


Your Investment

Canterbury Student Village is a purpose built development on the banks of the great River Stour comprising of 336 units spread across three separate blocks (Marlow House, Becket Hall and Chaucer Court). It offers a mix of en-suite pods and studio study rooms complete with kitchen.

Becket Hall, named after the Archbishop of Canterbury in 1162, is phase I of the development offering 40 units over 4 levels, with 38 en-suite student pods and 2 studios with kitchenette. The pods are arranged in clusters of 4-6 units, each sharing a communal area complete with kitchen, dining area and lounge.

Marlowe House, named after the Elizabethan playwright Christopher Marlowe, is phase II of the development offering 117 units over 5 levels, with 99 en-suite pods and 18 studios with kitchenette. The pods are in clusters of 4-8 units, each sharing a communal area complete with kitchen, dining area and lounge. Chaucer Court, named after the famous author of ‘Canterbury Tales’, is phase III of the development offering 179 units over 5 levels, with 168 en-suite student pods and 11 studios with kitchenette. The pods are arranged in clusters of 5-7 units, each sharing a communal area complete with kitchen, dining area and lounge.

It is located within a 15 minute walk from the main campus of Canterbury Christ Church University and the University for the Creative Arts. The University of Kent is a 30 minute walk away. A large 24 hour supermarket is right next door to the property and provides local shopping for the area.


Site Plan

MARLOWE HOUSE

PHASE IIPHASE III

PHASE I CHAUCER COURT

BECKET HALL


Specification

Communal Area

Level 2 will house a management office and laundrette.

The communal areas in each cluster will be equipped with:

Fully fitted luxury kitchen

Fitted oven hob and extractor

Fridge Freezer

Microwave

Breakfast bar and seating

Lounge with sofas and flat screen TV

Communal Area


Specification

Student Pods

All student pods will be equipped with:

Three quarter bed with mattress

Fitted wardrobes

Workstation with study chair

Shelving and drawers

En-suite bathroom with shower cubicle, vanity sink unit and toilet

Carpet, blinds and light fittings

Internet with hi speed Wi-Fi or Ethernet connection

rpet, blinds and light fittings

ernet with hi speed Wi-Fi or Ethernet connection

Student Pod


Specification

Studios

Studios will be equipped with:

Three quarter bed with mattress

Fitted wardrobes

Workstation with study chair

Living AreaKitchen Area

Shelving and drawers

Kitchenette with fitted oven, hob and sink

En-suite bathroom with shower cubicle, vanity sink unit and toilet

Carpet, blinds and light fittings

Internet with hi speed Wi-Fi or Ethernet connection


Floor Plans - Becket Hall

Riverside facing North West

Riverside facing North West Riverside facing North West

Level 1 Level 2

Level 3 Level 4


Floor Plans - Marlowe House

Riverside Facing North West




Road Side facing South East

Level 1 Level 2

Level 3 Level 5

*Please note there is no level 4




Floor Plans - Marlowe House

Level 6


Floor Plans - Chaucer Court

-146 (46 Units)


Road Side facing South East Riverside Facing North West


Level 1 Level 2







Level 3 Level 5

*Please note there is no level 4





Level 6


Your Investment

The ManagementDelivering the next generation of student accommodation, Urban Student Life (USL) offers a commitment to their owners and students via their “charter”. Their relationship with you as owner is long term and transparent. They are committed to the students and buildings and offer a range of services and security measures beyond those offered by their competitors. USL specialise in deposit management. Rooms are checked on a regular basis and students will have money deducted from their deposits to cover any damages. This will ensure that your unit is regularly maintained to keep it in excellent condition. In addition there is a sinking fund to cover maintenance of communal areas. This means peace of mind for you the investor- you are safe in the knowledge that your unit is ready to let in great condition at all times without incurring any cost to yourself.

The Developer - NWS NWS Developments Ltd has been formed by the director of Pinnacle MC Global Networks Julie Harvey and Caroline Riley of PHD1 Ltd. Julie and Caroline’s previous joint ventures include the successful Falkland House, which sold out in just 6 weeks.

The Contractor - PHD1 LtdCanterbury Student Village will be built by PHD1 Ltd. They were formed in December 2010 to develop new homes for local Government Departments and secured contracts in the first year for over £3m. The directors of the company have over 25 years’ hands on experience in new property development, developing over 1,000 properties at a build value of £125m.

The Company is registered as an accredited builder with the NHBC and a member of the “Considerate Construction Scheme”. Their dynamic approach in forming partnerships on Joint Ventures enables them to design, develop and deliver outstanding value for the investor. Canterbury Student Village will benefit from a 10 year warranty to give investors peace of mind. Previous developments include Falkland House in Liverpool and Trinity Hall in Chester.

USL specialise in deposa regular basis and stutheir deposits to cover aunit is regularly maintaIn addition there is a communal areas. Thisinvestor- you are safe ito let in great conditionto yourself.


Purchase Process

Choose a student unitPod, Studio or One bed apartment.

Pay reservation feeComplete an International Property Purchase Form and pay the fee to reserve your apartment. This will be deducted from your exchange payments.

Instruct Solicitors

Exchange of Contracts

Stage Payment

Completion

Finding a Tenant (A student)Our management company USL will source a tenant ready for completion and manage the property offering you a hassle free investment.

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Canterbury - Investment Summary

Net Yield Assured for Five Years!

Type Number Sale Price Rent £ No of weeks Total Gross Rent

Pods 305 £ 59,995 £125 48 £6,000

Studios 31 £ 74,995 £165 48 £7,920

Canterbury 10 year rental projections

Assured Net Yield 9% For 5 Years

Anticipated rent increases of 3% per annum

Pods

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Rent per week £125.00 £128.75 £132.61 £136.59 £140.69 £144.91 £149.26 £153.73 £158.35 £163.10for 48 weeks

Total Gross Rent £6,000.00 £6,180.00 £6,365.40 £6,556.36 £6,753.05 £6,955.64 £7,164.31 £7,379.24 £7,600.62 £7,828.64

Management 22% 22% 22% 22% 22% 22% 22% 22% 22% 22%Charge £1,530.24 £1,576.15 £1,623.43 £1,672.14 £1,722.30

Net Rent Guaranteed Guaranteed Guaranteed Guaranteed Guaranteed Expected Expected Expected Expected Expected

Net Yield £5,400 £5,400 £5,400 £5,400 £5,400 £5,425.40 £5,588.16 £5,755.81 £5,928.48 £6,106.35

9% 9% 9% 9% 9% 9.04% 9.31% 9.59% 9.88% 10.18%

NoteNet Yield excludes ground rent charged at £250 per yearLease 250 yearsYield paid quarterly in arrears from completion.

Buy Back Option This development benefits from a buy back option in years 3-5 at 115% of the purchase priceThis option is on behalf of the developer to buy back all units and offers an excellent exit strategyIt is anticipated that the entire building be sold to an institution in years 3-5Should the developer choose not to exercise their option to buy back the investor can choose to sell their unit or to retain their high yielding investment

9% Assured Net Yield

For 5 Years


Net Yield Assured for Five Years!

Type Sale Price Rent £ No of weeks Total Gross Rent

Pods £ 59,995 £125 48 £6,000

Studios £ 74,995 £165 48 £7,920

Canterbury 10 year rental projections

Assured Net Yield 9% For 5 Years

Anticipated rent increases of 3% per annum

Studios Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Rent per weekfor 48 weeks

£165.00 £169.95 £175.05 £180.30 £185.71 £191.28 £197.02 £202.93 £209.02 £215.29

Total Gross Rent £7,920.00 £8,157.60 £8,402.33 £8,654.40 £8,914.03 £9,181.45 £9,456.89 £9,740.60 £10,032.82 £10,333.80

Management 22% 22% 22% 22% 22% 22% 22% 22% 22% 22%Charge £2,019.92 £2,080.52 £2,142.93 £2,207.22 £2,273.44

Net Rent Guaranteed Guaranteed Guaranteed Guaranteed Guaranteed Expected Expected Expected Expected Expected

Net Yield £6,750 £6,750 £6,750 £6,750 £6,750 £7,161.53 £7,376.38 £7,597.67 £7,825.60 £8,060.37

9% 9% 9% 9% 9% 9.55% 9.84% 10.13% 10.43% 10.75%

NoteNet Yield excludes ground rent charged at £250 per yearLease 250 yearsYield paid quarterly in arrears from completion.

Buy Back Option This development benefits from a buy back option in years 3-5 at 115% of the purchase priceThis option is on behalf of the developer to buy back all units and offers an excellent exit strategyIt is anticipated that the entire building be sold to an institution in years 3-5Should the developer choose not to exercise their option to buy back the investor can choose to sell their unit or to retain their high yielding investment

Canterbury - Investment Summary9% Assured Net Yield

For 5 Years


Disclaimer: All information correct at time of going to press

Keeping UK Property Investment Simple

Cornerstone Realty Limited3 Queen Street

Mayfair, London W1J 5PA

Tel:+44 (0) 203 102 0955 Email:[email protected]

Website:www.cornerstonerealty.co.uk

Company Registration: 07921330

Documents

From just £59,999 Canterbury Student Village, Kent · 2013-06-03 · Canterbury Student Village Area University of Kent - 2.1 miles, 40 min walk Canterbury Christ Church University