“STUDENT RENT HAS DOUBLED IN THE LAST DECADE” · enjoy a market-leading average occupancy rate...

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Transcript of “STUDENT RENT HAS DOUBLED IN THE LAST DECADE” · enjoy a market-leading average occupancy rate...

Page 1: “STUDENT RENT HAS DOUBLED IN THE LAST DECADE” · enjoy a market-leading average occupancy rate of over 97%. X1 Town Hall Launch Date - Q3 2013 Completion Date - Q3 2015 Rental
Page 2: “STUDENT RENT HAS DOUBLED IN THE LAST DECADE” · enjoy a market-leading average occupancy rate of over 97%. X1 Town Hall Launch Date - Q3 2013 Completion Date - Q3 2015 Rental

“STUDENT RENT HAS DOUBLED IN THE LAST

DECADE”THE COMPLETE UNIVERSITY GUIDE

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04 Welcome to X1 The Campus

06 Why invest in student property?

08 Campus map

10 Example floor plan

12 Studio apartment plan

14 The City of Salford

16 University of Salford

18 Developer profile

21 Q&A - Next steps

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“A RECORD £5.9BN WORTH OF STUDENT ACCOMMODATION

WAS TRADED IN 2015/16”

SAVILLS

X1 The Campus occupies an amazing

location right on the corner of the

University of Salford Frederick Road

Campus and consists of 347 studio

student apartments across ten floors. All

apartments, from the standard studios

to the stunning penthouse studios, are

furnished to the highest standards and

come with stylish modern fixtures and

fittings.

Student residents will benefit from a

wide variety of on-site amenities such

as a state-of-the-art private gymnasium,

a cinema room and large communal

lounges for socialising and studying. X1

The Campus also provides more practical

amenities for the benefit of the students

including a management office, a laundry

room, secure bicycle storage and secure

underground parking on selected units.

X1 The Campus is within walking distance

of local pubs and bars, as well as being

close to public transport which links

students to both Salford and Manchester

city centres. Students will have access

to local green spaces such as Peel

Park where they can escape from busy

university life, whilst also being well

placed to enjoy all the benefits of modern

urban living in one of the UK’s most

exciting cities.

X1 The Campus is the latest addition to the portfolio which nowcomprises more than 80 developments. X1 The Campus is the newest luxury student development from developer X1 in the increasingly popular Salford student accommodation market.

Welcome to X1 The Campus

£5.9bn

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Living room and bathroom suite

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X1 The Campus Phase 1 - Exterior

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The images provided in this document are intended as a guide and could be subject to change

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Higher tuition fees and the ever-

increasing cost of living have done little

to put young people off the idea of

attending university. Due to this, demand

for high quality student accommodation

has never been higher at a time when

there is a general lack of supply available

across much of the UK.

Traditional university halls have a

reputation for being cheap and cheerful,

but being generally of a low quality.

Therefore, modern students have begun

to wonder whether they could get more

for their money. This is where PBSA

comes in, offering a first rate student

living experience with quality modern

conveniences at competitive prices.

The growth of the private sector in

response to this trend has been so

significant that the National Union of

Students has predicted that the private

sector will be the majority supplier of

student accommodation by 2018.

Over the last decade, Purpose Built Student Accommodation (PBSA) has become one of the UK’s strongest and most desirable asset classes. As the market has matured the sector has become globally recognised as a fantastic investment opportunity, and since 2011 student property has significantly outperformed all other traditional property investments.

Why invest in student property?

“THE NUMBER OF APPLICANTS

FROM OVERSEAS REMAINED HIGH”

UCAS, 2017

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Maxwell Building

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Salford University

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FREDERICK ROAD

BROAD STREET

Salford Business School

University of Salford Student Union

Sports Centre

Peel Park

Salford Museum & Art Gallery

BROAD STREET

University of Salford

Campus

Allerton Studios

Allerton Buildings

Mary Seacole Buildings

Myers Building

University House

Business House

Chapman Building & Gallery

Maxwell Building

Represents a 0.6 miles

Railway Station

University of Salford

Perfectly located FREDERICK ROAD, SALFORD

X1 The Campus is located in Salford with many of the University of Salford’s departmental buildings being within a five minute walk of the site. There are excellent transport connections by road and rail with Salford Crescent train station nearby. Salford Shopping Centre is also a short walk from the site.

GREATER MANCHESTER AREA

Salford

Manchester

Greater Manchester

NORTH

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Manchester and Salford

Rive

r Irw

ell

Salford Crescent Station

University of Salford

Campus

Salford Central Station

Deansgate Station

Manchester Oxford Road Station

Deansgate Station (3 minutes)Manchester Victoria Station (6 minutes)Manchester Piccadilly Station (11 minutes)

Rail times from Salford Crescent Station to...

Manchester VictoriaStation

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2

4

6

3

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1. Castlefield (1.9 miles)Waterfront leisure areaBeautiful historic area, filled with independent bars, great restaurants and museums.

2. Beetham Tower (1.9 miles)Iconic skyline landmarkBeetham Tower epitomises luxury both inside and out — the glass-fronted exterior hosts a luxury Hilton hotel and Cloud 23, a bar that offers unparalleled city views from the 23rd floor.

3. Spinningfields (1.8 miles)Business and financial districtOne of the trendiest parts of town with high-class establishments for those looking for a classy night out.

4. Manchester Central (2.2 miles)11,000 capacity exhibition centreManchester Central has been a recognisable landmark in the city for many years, providing Manchester with over 23,000 square metres of flexible space for events and exhibitions.

5. Manchester City Centre (2.2 miles)Business and residential areaThe life and soul of Manchester with excellent shopping opportunities, transportation and eateries.

6. The Arndale Centre (2.0 miles)Manchester’s premier retail complexThe Arndale Centre is the third-largest city centre shopping centre in Europe, with a massive 1.5 million sqft of shopping space and welcoming over 41 million visitors annually.

NORTH

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Ground Floor Example planX1 The Campus has a host of on-site amenities, including a private gym, stunning outdoor communal areas and parking available.

This development comprises 347 student studio apartments which includes 11 penthouse apartments.

Communallounge

Reception area

Residents gym

Landscaped courtyard

Bike storage 80 spaces

Ramp down to car park

Salford University Buildings

Studio apartments

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Block A

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Salford UniversityAllerton Studios Building

“93% OF SALFORD STUDENTS ARE NOT

HOUSED BY THE UNIVERSITY”

COMPLETE UNIVERSITY GUIDE, 2016

N

Studio apartments

* All plans are based on concepts provided by the developer, are indicative only and are subject to change.

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Block B

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* All plans are based on concepts provided by the developer, are indicative only and are subject to change.

Example Floor PlansStudio Apartments

KitchenWindow Bathroom

Entrance

Storage

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• Estimated annual NET rental return of 6%

• Private student accommodation is a booming investment class

• Built by experienced developer X1

• Top quality student accommodation right next to the University of Salford

• Close to excellent public transport links

• Walking distance to local shops, bars and restaurants

• Within easy reach of Salford and Manchester city centres

Investment Highlights

13The images provided in this document are intended as a guide and could be subject to change

Bedroom

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The city has become known as a technology,

media and telecommunications hub centred

on MediaCityUK, Europe’s first purpose-built

media hub and home to the BBC and ITV

among others. Salford has been thrust into

the limelight and become a leader in the high-

tech and digital industries that will power the

North of England in the coming years.

The migration of young professionals and

students to the North is a well-documented

trend which looks set to continue into the

foreseeable future. Students are enamoured

with Salford and more and more young

people from all over the world are flocking to

the University of Salford every year to take

advantage of what the city has to offer.

The city of Salford, neighbour to the larger city of Manchester, has come a long way in recent years and is now one of the most desirable places to live and work in the UK. The BBC chose to move to Salford in 2006 and, since then, investment has poured into the city. Today, Salford is a very important part of the larger Greater Manchester economy and a key player in the Government’s Northern Powerhouse scheme.

Salford:A Thriving Student Hub

“THERE ARE ALMOST 19,000 STUDENTS AT THE UNIVERSITY OF

SALFORD”HESA

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ITV Studios at Salford Quays

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MediaCityUK - Salford

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“THERE ARE CURRENTLY OVER 2.3 MILLION STUDENTS

IN THE UK”HIGHER EDUCATION STATISTICS

AGENCY

The University of Salford enjoys global

renown for both the quality of the education

provided and the research undertaken

by its staff. The University is particularly

well known for its work in engineering

and advanced technology. Media and

communication are also strong areas, with

both going from strength to strength as a

result of the University’s brand-new media

campus in the heart of MediaCityUK.

A 20 year, multi-million-pound plan

to redevelop the University’s campus

environment and contribute to the

regeneration of the local area is currently

underway. Salford is already a popular

destination for students from home and

abroad and will become even more so in

the future.

The University boasts a student population

of almost 19,000, of which over 17,500

are not currently housed by the university

– more than 90%. The 347 studio

apartments in X1 The Campus will provide

accommodation for 1.4% of the University’s

currently unhoused population. Student

numbers continue to grow year-on-year

and, with the acute supply and demand

imbalance in the local area, students will be

eager to live in X1 The Campus.

X1 The Campus possesses an enviable position right on the corner of the University of Salford Frederick Road Campus, just minutes from the River Irwell and Salford city centre.

University of Salford

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University of Salford

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X1 also operates an award winning lettings and management company – X1 Lettings – providing both residential and luxury student accommodation to the markets in Manchester and Liverpool. The lettings managers are friendly, enthusiastic, extremely knowledgeable and go above and beyond for both investors and residents.

In June 2016 X1 Lettings won the Silver award for the Best Block Management Company at the prestigious Lettings Agent of the Year 2016 Awards, which is a testament to X1 Lettings’ dedication to providing the best possible service for both tenants and landlords alike.

X1 Lettings is proud to boast a market-leading occupancy rate across their sites, with the thousands of happy residents providing evidence of their professionalism, knowledge and enthusiasm. The luxury student apartments are particularly popular, and X1 is inundated every year with students who are eager to live in their top quality accommodation.

X1 The Campus will be the latest in a long line of developments in Salford, and X1’s continued investment in the area speaks to the Salford’s appeal as an investment hotspot. Over the page are two Salford developments which have thrived in this booming market – X1 Town Hall and X1 Chapel Street.

Based in Liverpool, X1 is one of the North West’s premier developers with large-scale developments in key growth areas such as Liverpool, Manchester, Salford and, most recently, Leeds. The X1 portfolio is stocked with instantly recognisable buildings which have helped change the face of the region.

DeveloperProfile

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MARKET - LEADING OCCUPANCY RATES

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X1 Town Hall is a converted Grade II listed building which now contains 134

residential units for young professionals in the city of Salford.

Since completion, X1 Town Hall has proven to be one of X1’s most popular and

successful developments for tenants and investors alike, thanks to the incredible

standard of the apartments and the unique setting. X1’s Manchester developments

enjoy a market-leading average occupancy rate of over 97%.

X1 Town Hall

Launch Date - Q3 2013

Completion Date - Q3 2015

Rental Yield - 6%

Purchase Price - £79,950

Current Value - £105,000

Avg Monthly Rent - £720.00

[Sale price taken from Intus Residential, June 2016][Sale price taken from studentpodshop.com, August 2014]

X1 Chapel StreetMuch like X1 The Campus, X1 Chapel Street is purpose-built student

accommodation designed to serve the almost 19,000 students who call the

University of Salford home.

Comprised of 109 student apartments, this development is extremely popular and

fully booked for September 2017. The 100% occupancy rate speaks to the quality of

the development and the service provided by X1 Lettings, as well as the strength of

the local student rental market.

Launch Date - Q2 2013

Completion Date - Q3 2014

Rental Yield - 8%

Purchase Price - £54,950

Sale Price (2014) - £64,950

Avg Weekly Rent - £147.00

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X1 Media City, Tower 4Salford QuaysAVAILABLE

X1 Media City, Tower 1, 2 & 3Salford QuaysSOLD OUT & IN CONSTRUCTION

X1 The PlazaManchesterSOLD OUT & IN CONSTRUCTION

X1 AireLeedsSOLD OUT & TENANTED

X1 Liverpool One Phase 3LiverpoolSOLD OUT & TENANTED

X1 EastbankManchesterSOLD OUT & TENANTED

X1 Salford Quays Phase 3ManchesterSOLD OUT & TENANTED

X1 The ExchangeManchesterSOLD OUT & TENANTED

X1 The Terrace at X1 The QuarterLiverpoolSOLD OUT & TENANTED

The Studios at X1 The QuarterLiverpoolSOLD OUT & TENANTED

The Courtyard at X1 The QuarterLiverpoolSOLD OUT & TENANTED

The Gallery at X1 The QuarterLiverpoolSOLD OUT & TENANTED

X1 The EdgeLiverpoolSOLD OUT & TENANTED

X1 Liverpool One Phases 1 & 2LiverpoolSOLD OUT & TENANTED

X1 Town HallManchesterSOLD OUT & TENANTED

X1 Chapel StreetManchesterSOLD OUT & TENANTED

X1 Salford Quays Phases 1 & 2ManchesterSOLD OUT & TENANTED

X1 Arndale HouseLiverpoolSOLD OUT & TENANTED

X1 Borden CourtLiverpoolSOLD OUT & TENANTED

Previous X1Developments

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1. Speak to your designated Property Consultant

2. Choose your perfect apartment and pay the deposit

3. Both sets of solicitors are instructed, and the legal documents and

sales pack sent out to you

4. Upon exchange of contract, 25% of the balance is payable minus

reservation fee

5. 25% due 6 months after exchange of contracts

6. The remaining 50% of the balance is payable upon completion

Am I buying freehold or leasehold?

999 years leasehold

What is the address of the site?

X1 The Campus, 30 Frederick Road, Salford, M6 6NY

How much is the ground rent?

£350 per annum

What are the projected annual returns on this development?

Rental returns are estimated at 6% NET annually

When is my rental income paid?

Quarterly in arrears, directly into your bank account

Is there a management company in place?

Yes. The award winning X1 Lettings will let and manage the development in its

entirety

Are there any restrictions if I want to sell?

Yes, X1 The Campus is a student development, so the apartment must be sold as

student accommodation

QuestionsAnswered

NextSteps

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property background helping to build our clients portfolio.

Part of our company ethos is increasing the wealth of our clients, while at the

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