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KINGFISHER HOUSE
Student Investment PropertyHUDDERSFIELD, UK
P24-25
DEVELOPER & OPERATOR
KINGFISHER HOUSE, HUDDERSFIELD2 3
P28-31P26-27
LOCATIONCONSTRUCTION
HUDDERSFIELD
KINGFISHER HOUSE P6-7 P10-11
P12-13
P14-15 P18-19P16-17 P20-21 P22-23
P32-33
P8-9
INVESTMENT OVERVIEW
PROJECTED RETURNS
COMPARABLE ACCOMMODATION
HUDDERSFIELD RENTAL DEMAND HUDDERSFIELD
PROPERTY SPECIFICATION
UK STUDENT MARKET
HUDDERSFIELD EDUCATIONAL INSTITUTIONS
PURCHASE PROCESS OPTIONS
P34-35
PRICE LIST
DISCLAIMER
KINGFISHER HOUSE, HUDDERSFIELD4 5
KINGFISHER HOUSE, HUDDERSFIELD
£57,495
STUDIO APARTMENTS FROM
9%
5 YEAR
Q3 2016
48,000
COMPLETION SCHEDULEDSPECIALIST
OPERATOR
MORE THAN
STUDENTS IN HUDDERSFIELD
LEASEHOLD TENURE
250-YEAR LEASE
NET RENTAL RETURN
RENTAL ASSURANCE
INVESTMENTOVERVIEWKingfisher House is a new purpose built student accommodation development, bringing 252 luxury studio apartments to the heavily undersupplied student accommodation market in Huddersfield.
6 7
5%INTEREST ON
DEPOSIT
Podium £57,495 £57,995 £58,495
Upper Podium £57,495 £57,995 £58,495
G £59,495 £59,995 N/A
1 £61,495 £61,995 £62,495
2 £61,495 £61,995 £62,495
3 £62,495 £62,995 £63,495
4 £64,495 £64,995 £65,495
5 £64,495 £64,995 £65,495
6 £64,495 £64,995 £65,495
Floor Town Side Studio
Water Side Studio
Accessible Studio
KINGFISHER HOUSE, HUDDERSFIELD
PRICE LIST
8 9
Purchase Price £57,495 £57,995 £58,495
Interest Accrued on Deposit £1,797 £1,812 £1,828
Gross Rent (Per Week) £134 £135 £136
Length of Tenancy (Weeks) 51 51 51
Gross Rent (Per Annum) £6,834 £6,885 £6,936
Projected Service Charge £1,410 £1,410 £1,410
Ground Rent £300 £300 £300
Assured NET Rent (Per Annum) £5,175 £5,220 £5,265
NET Rental % 9.00% 9.00% 9.00%
NET Rental Income (5 Years) £25,875 £26,100 £26,325
Town Side Studio Water Side Studio Accessible Studio
KINGFISHER HOUSE, HUDDERSFIELD
PROJECTED RETURNS
10 11
KINGFISHER HOUSE, HUDDERSFIELD
COMPARABLEACCOMMODATION
12 13
Kingfisher House Studio from £135 51 weeks 600m 100m
Firth Point Single En-Suite £106 44 weeks 150m 790m
Snow Island Single En-Suite £120 44 weeks 380m 660m
Saw Mill
Single En-Suite £108 51 weeks 420m 1km
Accessible Room £116 44 weeks 420m 1km
Studio £150 51 weeks 420m 1km
DIGS Storthes Hall
Standard En-Suite £100 43 weeks 4.8km 5.1km
Premium En-Suite £111 43 weeks 4.8km 5.1km
Double En-Suite £120 43 weeks 4.8km 5.1km
Aspley House
Standard En-Suite from £109 44 weeks 480m 490m
Bronze Studio £189 51 weeks 480m 490m
Silver Studio £199 51 weeks 480m 490m
Little Aspley House
Standard En-Suite from £109 44 weeks 480m 490m
Bronze Studio £189 51 weeks 480m 490m
Silver Studio £199 51 weeks 480m 490m
Property Type Weekly Rent TenancyDistance from University of Huddersfield
Distance from Kirklees
College
Firth Point (UNITE) 200
Snow Island (UNITE) 427
Aspley (OPAL) 471
Little Aspley (OPAL) 256
Saw Mill (UNITE) 348
Knightsbridge 653
Total 2,355
Full-time Undergraduates 13,800
Full-time Postgraduates 1,590
Total Full-time Students 15,390
Distance Students = 30% 4,617
Suggested Number of Students Requiring Accommodation in
Huddersfield*
5,112
Forecast Total Supply 5,112
Forecast Total Demand 10,773
Variance -5,661
Kingfisher House 252
St Thomas St. (Planning Granted) 800
Thatchers (Town Centre) 40
Total 1,092
University Accommodation
Storthes Hall Park 1,386
Ashenhurst Houses 279
Total 1,665
Accommodation in Huddersfield
Purpose Built / Converted BlocksSummary of Huddersfield
Student Numbers
Pipeline
Total Supply 5,112
KINGFISHER HOUSE, HUDDERSFIELD
HUDDERSFIELDRENTAL DEMAND
14 15
RECEPTION AREA &
LAUNDRY FACILITIES
FURNISHED INCLUDING
DOUBLE BED
CAR PARKING
EN-SUITESHOWER ROOM & KITCHENETTE
GAMES & TV SUITE,CINEMA ROOM &
STUDY AREA
PROPERTYSPECIFICATION
252 STUDIOAPARTMENTS
0.4 MILES FROM UNIVERSITY OF HUDDERSFIELD
NEXT TO KIRKLEES COLLEGE
16 17
WATERSIDE LOCATION
KINGFISHER HOUSE, HUDDERSFIELD
KINGFISHER HOUSE, HUDDERSFIELD
HUDDERSFIELD
Huddersfield is the 10th largest town in the UK and is located between the Northern Powerhouse cities of Leeds and Manchester.
18 19
146,234
10th
HUDDERSFIELD HAS A POPULATION OF
LARGEST TOWN IN THE UK
HUDDERSFIELD IS THE
HUDDERSFIELD IS HOME TO FOUR
MAJOR EDUCATIONAL INSTITUTIONS
HUDDERSFIELD IS HOME TO NEARLY
EXCELLENT TRANSPORT LINKS VIA
RAIL AND ROAD TO:
STUDENTSUNIVERSITY OFHUDDERSFIELD LEEDS
KIRKLEESCOLLEGE LONDON
GREENHEAD COLLEGE MANCHESTER
HUDDERSFIELDNEW COLLEGE SHEFFIELD
48,700
KINGFISHER HOUSE, HUDDERSFIELD
UK STUDENT MARKET
20 21
The UK has one of the largest and most prestigious university and higher education systems in the world.
With more than 2.2 million students studying in the UK, there is a large demand for student accommodation. According to Knight Frank, there is a structural undersupply of student accommodation within the UK.
Overseas students are a major driver for PBSA, with the size of this group expected to rise by 15-20% in the UK over the next 5 years.
2.2M
23%
STUDENTS IN THE UK
OF DEMAND FOR ACCOMMODATION
BEING MET BY UNIVERSITIES
3%INCREASE YEAR-ON-YEAR OF DOMESTIC STUDENTS
IN THE UK
RANKED 6TH IN THE UK FOR ITS GRADUATE LEVEL EMPLOYMENT,
HIGHER THAN OXFORD OR CAMBRIDGE
HUDDERSFIELD EDUCATIONAL INSTITUTIONS
UNIVERSITY OF HUDDERSFIELD
KIRKLEES COLLEGE
22 23KINGFISHER HOUSE, HUDDERSFIELD
1825
2008
EST
EST
OF STUDENTS ARE FROM OVERSEAS
24,920
20,000
£80M
STUDENTS ENROLLED
STUDENTS ENROLLED
INVESTED OVER THE LAST 10 YEARS AND FURTHER
£100M PLANNED
RANKED IN THE SUNDAY TIMES
TOP 20 FOR GRADUATE LEVEL
EMPLOYMENT
ONE OF THE UK’S TOP PROVIDERS
OF SANDWICH COURSES
ONE OF THE BIGGEST
COLLEGES IN THE UK
NEW £85M CAMPUS
LOCATED NEXT TO KINGFISHER
HOUSE
OFFERS DEGREE PROGRAMMES
ACCREDITED BY THE UNIVERSITY OF
HUDDERSFIELD
13%
DEVELOPER & OPERATOR
MEDERCO THEOPERATOR
The operator will be a specialist, independent student accommodation manager.
They have expertise in both student care and property management required to successfully manage a development.
This experienced operator already manages thousands of units and has been managing modern purpose-built student accommodation blocks for many years.
They have built strong relationships with universities and are regarded as a preferred supplier for quality student accommodation; bringing experience and trust to the market.
KINGFISHER HOUSE DEVELOPERS
The developer of Kingfisher House is Mederco; incorporated in 2011 specifcally for developing high quality student accommodation.
The company sits alongside Rainbow Homes Ltd., which develops residential housing in the North and North West England and has become one of the leading and fastest growing house builders in the area.
APPLETONPOINT
HOCKNEY COURT
EMPRESS MILLS
STATION COURT
BRADFORD
160 purpose built student accommodation
completed 2014
Development of 48 student units completed 2012
28 high specification houses and 12 luxury apartments,
converted from a former mill
Residential development of 15 apartments and 24 houses
BRADFORD TRAWDEN, LANCS. THORNE, DONCASTER
24 25
PREVIOUS MEDERCO DEVELOPMENTS:APPLETON POINT
KINGFISHER HOUSE, HUDDERSFIELD
IMAGES TAKEN ON SITE IN NOVEMBER
2015
KINGFISHER HOUSE, HUDDERSFIELD
CONSTRUCTIONUPDATE
26 27
The steel framework, stairs and lift shaft are now fully completed, with work now underway on pouring concrete on each floor. External cladding work is expected to commence in the coming weeks, with internal work due to start in Q1 2016.
KINGFISHER HOUSE, HUDDERSFIELD
LOCATION
28 29
Kirklees College0.07 miles
0.13 miles
0.16 miles
0.25 miles
0.51 miles
University of Huddersfield
Kingsgate Shopping Centre
Greenhead College
Huddersfield Train Station
1
2
3
4
5
1
3
2
5
4
Manchester Road,Huddersfield
KINGFISHER HOUSE,HUDDERSFIELD
Huddersfield New College
2.16 miles
Huddersfield New College
KINGFISHER HOUSE, HUDDERSFIELD30 31
KINGFISHERHOUSE
KIRKLEESCOLLEGE
KINGFISHER HOUSE, HUDDERSFIELD
PURCHASEPROCESS
32 33
RESERVATION
SOLICITORS INSTRUCTED
EXCHANGE OF CONTRACTS
LEGAL COMPLETION
Reservation form completed & £5,000 non-refundable fee paid and deducted from
the deposit on exchange
Solicitors instructed, legal pack sent out & anti-money laundering
process completed
50% of purchase price paid to solicitors & contracts exchanged within 28
days of reservation
The remaining 50% of the purchase price is paid, the purchase is completed & Title
Deeds registered with the UK Land Registry
CONTACT DETAILS
Telephone: +44 (0) 207 100 2393
Email: [email protected]
Website: www.colordarcy.com
For further information please contact us today.
HEAD OFFICE ADDRESS
30th Floor, 40 Bank Street
Canary Wharf, London
E14 5NR, United Kingdom
THE LEGAL STUFF
The following is a summary of the full text of our disclaimer set out in and accessible at www.colordarcy.com/terms-conditions and www.colordarcy.com/privacy-policy.
You acknowledge that: (i) the information contained in this document and such other material issued in connection therewith (the “Content”) are provided for information purposes only and will not be regarded as advice on securities or collective investment schemes or other financial or investment advice; (ii) the Content is not intended for the purpose of advice, dealing or trading in securities or collective investment schemes; (iii) the Content may include certain information taken from property surveys, stock exchanges and other sources from around the world; (iv) the Content is provided on an “as is” basis and by way of a summary and we do not guarantee the accuracy, completeness, or timeliness of the Content; (v) the Content may be subject to the terms and conditions of other agreements to which we are a party; (vi) none of the information contained in the Content constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or provision of legal, tax, accounting, or investment advice or services regarding the profitability or suitability of any security or investment; (vii) you should not rely on the Content as the sole means of making any investment decision relating thereto and you should seek professional, independent and specific advice on any such investment decision; (viii) the property market is volatile and illiquid and property prices and rental yields may fluctuate widely or be affected by a broad range of risk factors; (ix) all plans and specifications in the Content are intended as a guide only and are subject to such variations, modifications and amendments as may be required by the relevant authorities or the relevant developer’s consultants or architects; (x) all renderings and illustrations in the Content are artists’ impressions only and all measurements are approximate subject to final survey and confirmation; (xi) the Content is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation; and (xii) the Content has not been authorised or approved by the Financial Conduct Authority (FCA) or any regulatory body of competent authority whether in the United Kingdom or elsewhere.
Accordingly, you assume all responsibility and risk for reliance upon and the use of the Content and, we, our agents, directors, officers, employees, representatives, successors, and assigns expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) the use of the Content, (ii) reliance on any information contained in the Content, (iii) any error, omission or inaccuracy in any such information including, without limitation, financial data, forecasts, analysis and trends, or (iv) any action or non-performance resulting from the foregoing. This exclusion clause shall take effect to the fullest extent permitted by applicable laws.
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