Brochure glob vita first street

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Manchester Vita Student at First Street // Manchester, UK

Transcript of Brochure glob vita first street

Page 1: Brochure glob vita first street

ManchesterVita Student at First Street // Manchester, UK

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Vita Student is a premium brand; the !rst of its kind

dedicated to designing, developing and delivering the

best student property in the UK.

For the StudentVita Student represents accommodation of the highest

quality with state-of-the-art facilities and services, and

a city centre living experience like no other.

For the InvestorVita Student o"ers a hassle-free, fully-managed property

investment with assured returns in the UK’s best student

accommodation projects.

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Why Vita Student

The Vita Student story.

Introducing Vita Student at First Street

Vita Student’s latest project in the heart

of Manchester city centre.

Vita Student living at First Street

The luxury Studios of Vita Student at First Street.

Vita community at First Street

State-of-the-art communal spaces & facilities.

A !rst class location

An overview of the master development, Manchester’s

most vibrant new neighbourhood.

Manchester

The university city of Manchester and why it

has been chosen as a Vita Student location.

The Team

An introduction to the award-winning

team behind Vita Student at First Street.

The investment

A fully-managed investment with assured

rental returns.

Contents

Manchester

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What sets Vita Student apart

All Vita Student properties are completed to an unrivalled level

of speci!cation equal to that of a four-star hotel.

In addition, compared to standard student accommodation with

shared living areas and cooking facilities, Vita Student properties are

larger and completely self-contained, !tted with high quality

kitchens and en-suite shower rooms.

Designed especially with international students in mind, Vita Student

developments are located in close proximity to places of study and

are home to large communal areas and unprecedented support

services and facilities.

Vita Student

Why Vita Student?

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Recognising a shift in the higher education market,

Vita Student developments are designed to cater for

the growing number of international students in the

UK demanding higher standards in living

accommodation.

The UK is the world’s second largest host country to overseas students.

Attracted by the combination of comparatively a"ordable tuition fees and

a world-leading standard of education, the UK already educates close to

half a million international students and is set to be a major benefactor to

the predicted 57% growth in the number of students studying outside their

home country over the next few years.

With higher budgets for housing and the requirement to feel safe and

comfortable in a foreign country, international students have created

signi!cant demand for high-quality, fully self-contained, purpose-built

student accommodation in city centre locations close to their institution

of study.

In spite of this, most projects provide a more standard level of speci!cation,

leaving a gap in the market for true high-end student property. Vita

Student is the !rst student accommodation brand to cater especially for

this rapidly growing, higher-end of the market and, in turn, create a

compelling opportunity for investors.

Vita Student is the !rst to o"er individuals the chance to purchase student property of a level of

quality not seen before at a competitive price. With the demand for high-end student accommodation

considerably outweighing supply, this makes for an exciting property investment opportunity.

Above: Images of Vita student’s !agship development in Liverpool, UK.

Luxury 1 bedroom studios

with 9% Net minimum rental

return assured for 2 years.

From £77,950

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Introducing Vita Student at First Street. A new £25m development in the heartof Manchester city centre.

Current & future Vita Student locations

1. The Chapel, Liverpool city centre Sold out

2. Tinlings, Liverpool city centre Sold out

3. Crosshall, Liverpool city centre 90% sold out

4. First Street, Manchester city centre Ready 2014

5. Birmingham city centre TBA

6. Bristol city centre TBA

7. London city centre TBA

Why Vita Student continued.

VVita Student locations

IIn order to select the best locations for its projects, Vita Student pinpoints

uuniversity cities where there is an identi!ed demand for high end student

pproperty to ensure high occupancy rates and maximised investor returns.

FFollowing the success of Vita Student’s £27 million !agship development

iin Liverpool, the "rst two phases of which complete in September 2013,

llocations for future projects include Birmingham, London and Bristol.

WWith more students than anywhere in the UK, home to the largest

iinternational student population in Europe, and a prestigious ‘Russell Group’ sell G

uuniversity city, Vita Student is excited to reveal Manchester as the locatione lo

ffor its "rst launch in 2013.

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Bringing to life the brand’s vision in one of the UK’s top

university cities, Vita Student at First Street is Manchester’s

!rst and only luxury student development.

Upon its completion in 2014, Vita Student at First Street is set to rival not only the

best student property in Manchester, but in the whole of the UK.

For the investor, Vita Student at First Street represents an attractive proposition;

the highest quality student development in an unparalleled location in the city with

the largest student population in the UK.

The !rst new build project in the brand’s portfolio, First Street has enabled Vita

Student the freedom and imagination to create student accommodation tailored

speci!cally to meet the high demands of its tenants.

No aspect of the development has been overlooked to ensure that Vita Student at

First Street achieves and retains its status as Manchester’s most desirable student

residence.

Vita Student

First Street, Manchester

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Visually striking, the building’s unique façade immediately

sets it apart from its surroundings, establishing the building

as a landmark within the Manchester cityscape.

Its innovative design serves a functional purpose, a mixture

of glazed and solid panels combine to allow natural light to !ll

the residences within yet o"er privacy to their occupants.

Luxury 1 bedroom studios

with 9% minimum Net rental

return assured for 2 years.

From £77,950

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Beyond the doors of its magnificent exterior,Vita Student at First Street is home to 279individual luxury studios each offering thehighest standard of student living.

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Designed with the student always in mind, while

maintaining the style and !nish of a luxury hotel, the

studios of Vita Student at First Street are a world apart

from standard student rooms.

Generous in size, each studio is completely self-contained, with its

own quality !tted kitchen and designer en-suite shower room

o"ering its resident much sought-after privacy and their own

sanctuary within a city centre development.

With no compromise on the quality of materials used,

contemporary and stylish interiors combine with meticulous

attention to detail and sophisticated !nishing touches to o"er all

the luxury and comfort expected from a premier development.

Vita Student

Vita Student living

at First Street

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Luxury 1 bedroom studios

with 9% minimum Net rental

return assured for 2 years.

From £77,950

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Vita Living continued.

Standard speci!cation

Each self-contained studio is fully furnished and completed

to the highest speci!cation, comprising:

Kitchen featuring lacquered cabinetry, Corian

worktop, sink and fully integrated appliances including

microwave, electric hob and fridge.

En-suite shower room with boutique styling including

porcelain tiles and designer fittings.

High quality durable furniture including bed, workstation,

wardrobe units, bookcase, dining table and chairs.

Free high-speed broadband.

Wall hung flat screen LCD TV with built-in Freeview.

Secure entrance doors.

Finishing touches including lacquered cabinetry and furniture, Corian

surfacing and porcelain tiling set the !rst street studios a world apart

from standard student rooms.

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Typical Studio Floorplan

Vita Student at First Street typical "oors 1-10

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Expanding over theground floor is thebuilding’s state of theart communal areadesigned to play hostto the vibrant VitaStudent community.

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O!ering complete security, upon entry to the building residents

and visitors are welcomed in to a modern reception with 24-hour

supervision. Beyond reception are three main communal zones

equipped with cutting-edge facilities and designed to provide a

focal point for residents outside their studios to meet and relax or

an alternative place to study.

A hotel-style lobby lounge equipped with

LCD TVs where residents can meet and

relax or browse the internet at designated

stations on free-to-use Apple Macs.

An area designated for study housing

a mixture of individual workstations and

group study booths to encourage

collaborative learning.

Upstairs to a raised mezzanine, residents

will "nd a games area with pool tables

and video game stations alongside the

building’s very own gym, fully-equipped

with state-of- the-art equipment.

Laundry facilities are also housed on this

level.

Vita Student

Vita community at First Street

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Ground & Mezzanine

HUB

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NEST

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Spaces to inspire and engage

Communal facilities in summary

Vita Student residents will have access to a full suite of cutting

edge facilities and services including:

24-hour security

Hotel style lobby with 24-hour reception

Internet stations with free-to-use Apple Macs

Spacious lounge area with LCD TVs

Individual study areas

Shared working booths

Fully-equipped state-of-the-art gymnasium

Pool table area

Video game stations

Laundry room

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@Vita Student occupies a prime position@within First Street, a £750m regeneration@projec@20 21

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Vita Student is strategically positioned within First Street North; 500,000

sq ft of high-quality leisure, hotel and retail space all clustered around

a state-of-the-art culture building and overlooking a fantastic new public

realm that will stage outdoor theatre and music events. Set to become

a cultural and social hub, First Street North will o!er its residents a true

sense of community - something particularly important for overseas

students as they settle in to the UK.

With the world class cultural and social amenities of First Street North on

its doorstep, Vita Student o!ers its residents something no other location

can. What’s more, First Street occupies one of the city’s key gateways,

providing students with easy access to everything the city centre has to

o!er and within walking distance of the universities’ main campuses.

Home to an exciting mix of culture, leisure, retail, o!ce and

residential spaces, First Street Manchester is destined to become

the city’s most vibrant new neighbourhood and the number

one location for student living.

First Street is set to become Manchester’s most vibrant new

neighbourhood, with a compelling blend of culture, leisure,

retail and living space, all in a perfectly-located destination,

rich in major amenity with excellent connectivity.

A rich mix of bars, restaurants and retail outlets will combine to create

a distinctive sense of place and vibrancy morning until night, seven days a week.

Vita Student

A first class location

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Aerial photograph of Manchester

showing the location of Vita Student.

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1. Vita Student at First Street, Manchester

2. Number 1 First Street

3. Home Cultural Centre

4. Melia Innside Hotel

5. Greater Manchester Exhibition Centre (GMEX)

6. City centre retail and business

7. Manchester Metropolitan University

8. Mancunian Way road network

9. First Street South

10. Residential / Liesure / Retail

11. Residential / O!ces

12. Medlock Street

13. Manchester Student Village

14. Oxford Road Train Station

15. Oxford Road

A "rst class location continued.

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First Street has been identi!ed by Vita Student as a prime investment location with the

following factors ensuring and maintaining high student occupancy and investor returns.

Close to universities: First Street is located just 450 m from the Oxford Road

corridor with access to the University of Manchester and just 300m from

Manchester Metropolitan University.

Excellent connectivity: A free city centre shuttle bus service stop, a Metrolink

tram station opposite the main entrance, an exceptional road network, and two

mainline rail stations in close proximity all combine to provide easy access to the

rest of the city, the UK and beyond.

World class amenities: As well as high-quality hotels, retail and leisure outlets, First

Street will o!er cultural attractions such as HOME - the centrepiece of First Street North

and a brand new £25 million production centre for international contemporary art,

theatre and "lm, with a 500 seat theatre, gallery and cinema screens.

Strong community o!ering: A unique combination of city centre living with

cultural and social amenities will create a strong sense of community; sought

after by overseas students.

SPINNINGFIELDS

WHITWORTH STREET

LOWER M

OSLEY STREET

MOSLEY S

TREET

WHITWORTH STREET

PORTLAND STREET

CHAPEL STREET

TRINIT

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CHAPEL STREET GREAT ANCOATS STREET

MILLER STREET

OLDHAM ROAD

IRWELL STREET

QUAY STREET

NEW BAILEY STREET

BLACKFRIARS ROAD

LIVERPOOL ROAD

PETER STREET

MARKET STREET

CRO

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DEA

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ARNDALECENTRE

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STREET

Salford

Central

Victoria

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Piccadilly

Station

Material

Science Centre

Students

Union

National

Computing

Centre

Great Northern

GMEX

PiccadillyGardens

St. AnnSquare

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PRINCESS STREET

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Manchester City Football Club

/ Ethiad Stadium 2km

Manchester United Football Club

Old Tra!ord / Salford University 2km

BBC Media City

Vita Student

Investor information

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Maths & Social Sciences Building

Ferranti Building

Faraday Building

Barnes WallisBuilding/ Students’ Union

University of Manchester

Royal Northern

College of Music

Manchester

Metropolitan University

and Campus

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A historic university city

Manchester is home to two of the !ve largest universities in Britain -

The University of Manchester and Manchester Metropolitan

University (MMU).

The University of Manchester is a member of the prestigious Russell

Group - a list of the UK’s top 24 universities - and an accolade that

attracts thousands of students from all over the world.

Placed 38th in the Academic Ranking of World Universities and

number six in Europe, The University of Manchester aims to become

one of the world’s best 25 universities by 2020. It currently has

39,000 students who come from more than 180 countries and this

number only looks set to increase.

MMU is also a highly popular institute with more than 37,000

undergraduates and postgraduates. Receiving over 56,000

applications in 2011/12, MMU is one of the most applied-for

education establishments in the UK, clearly demonstrating the

desire for people to live and study in Manchester.

Vita Student is a natural !t for Manchester, as its 100,000 students mean

this is the perfect location for investors to capitalise on a continually thriving

demand for high-quality student accommodation.

Vita Student

Manchester

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With more than 100,000 students, Manchester has

the greatest student population in the UK and the

highest number of international students in Europe,

with over 10,000 foreign students living in the city.

At The University of Manchester, one in four

students are from abroad, and Manchester

Metropolitan University has more than 2,800

studens from 109 countries.

Despite such a high number of international students living

in Manchester, there is currently no high-quality student

accommodation in the city centre built speci!cally with their

needs in mind.

By delivering Manchester’s !rst luxury student residence, Vita

Student will !ll this gap and create a fantastic opportunity for

investors to take advantage of the high demand for its properties.

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Despite more than 100,000

students, Manchester has just

30,000 student beds.

Manchester Factfile

Vita Student Manchester continued.

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Vita Student at First Street - Ideal for investors

One of the most compelling reasons to invest in student property in

Manchester is the huge shortage of suitable accommodation in the city.

Manchester has the biggest undersupply of student property in Europe,

with 70% of students unable to access purpose-built student housing.

Knight Frank’s Student Property 2012 report suggested there would be

a move towards high-quality accommodation for university attendees

as a result of the increase in UK tuition fees, which has made students

“highly sophisticated consumers”.

However, traditional student accommodation options in the city are

privately-owned shared houses in suburbssuch as Fallow!eld,

Rusholme and Moss Side and there is a lack of accommodation

available for those looking for high-quality hotel-standard apartments.

Vita Student at First Street will meet the demands of this group of

students who want access to high-quality apartments and top facilities.

The No.1 city for Chinese students

The UK is becoming increasingly popular among Chinese students

as a destination of study. Students from China make up over a third of

all international students in the country, with a 17% rise in the last year

alone.

Manchester is home to the highest population of Chinese students in

the UK, totaling over 3,000; 1,000 more than other university city.

Home to Premiership football teams Manchester United and

Manchester City Football Club

The !rst industrial city in the UK and still one of Britain’s most important cities in

the UK with regards to its economy, business, investment and cultural signi!cance

The University of Manchester is 180 years old, while MMU has a 150-year history,

and both are among the most popular universities in the UK

Manchester Airport has been named as the Best UK Airport in 2012 at the Travel

Weekly Globe Awards and more than six million passengers use it every year

Manchester was ranked in the top ten cities in Europe for its transport connections

(Cushman & Wake!eld European Cities Monitor 2011) due to its airport, Metrolink,

motorway links, trains and buses.

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Luxury 1 bedroom studios

with 9% Net minimum rental

return assured for 2 years.

From £77,950

Page 18: Brochure glob vita first street

HuntsmereDesign & Development

Multi award-winning, Huntsmere is one of the UK’s leading luxury

residential developers with a track record for creating some of the

!nest properties in the most sought-after locations in the UK.

Over the past few years Huntsmere has become the byword in

luxury property development. From the construction of bespoke

residences in green belt and conservation areas to the

refurbishment of listed buildings and city centre structures,

Huntsmere create intelligent and original living spaces with

a relentless focus on the !nished detail.

Select Property Group LimitedMaster Sales & Marketing Partner

Established in 2004, Select Property is one of the UK’s largest

sellers of investment property having sold over £1.4 billion worth

of property in locations worldwide.

Vita Student uses Select Property’s intuitive knowledge of the

marketplace and property investors’ demands to shape and create

Vita Student’s attractive investment opportunities and its expertise

and far reach to present them to the individual investor.

Carillion PlcConstruction Company

Carillion is one of the UK's leading construction companies

with a history spanning almost two centuries.

Demonstrating its extensive expertise in construction and civil

engineering, Carillion has worked on everything from hospitals

to hotels, and from airports to industrial projects. As well as the

construction contractors for Vita Student, Carillion is also

responsible for delivering several of First Street’s other major

projects, following their successful completion of the

development’s landmark building, Number One First Street,

in 2010.

Ask DevelopmentsProject Management

Formed in 2000, Manchester-based Ask Developments has built

an impressive reputation for spear-heading some of the region’s

most proli!c regeneration projects. With its mission ’to create

places where people want to be, Ask specialises in multi-partner

developments involving highly creative and bold concepts.

Having assembled an exciting commercially led portfolio of

mixed-use schemes which includes the award-winning Deansgate

Locks in Manchester, Ask is currently masterminding the entire

First Street development.

CRM StudentsManagement Company and Rental Provider

CRM Students is the UK's leading independent student

accommodation manager with over six years’ experience in

operating purpose-built student property developments.

Possessing expertise in both property management and student

care, CRM Students operate a range of sites across the UK with

thousands of units under its control. Bringing experience and trust

to the market, CRM Students has forged strong relationships with

universities, and has become a preferred supplier for quality

student accommodation, and the preferred partner of Vita

Student.

Chafes Solicitors LPPBuyer‘s Solicitor

Vita Student has selected Chafes, a leading UK law !rm, and its

experienced property team to o"er purchasers their conveyancing

services. Established in 1889, Chafes successfully mix traditional

values with progressive thinking to provide their clients with high

quality legal services and the best advice. Vita Student has worked

with Chafes to create a tailor-made package for the purchase of its

properties designed to minimise costs and ensure the legal

process of purchasing a Vita Student property runs seamlessly.

Huntsmere create intelligent and original living spaces with

a relentless focus on the !nished detail.

Select Property Group LimitedMaster Sales & Marketing Partner

Established in 2004, Select Property is one of the UK’s largest

sess llers of investment property having sold over £1.4 billion worth

ooofooooo pproperty in locations worldwide.

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Locks in Manchester, Ask is currently m

First Street development.

CRM StudentsManagement Company and Rental Pro

CRM Students is the UK's leading inde

accocommodation manageg r with over s

opoo erating purpose-built student prop

PoPP ssessing expertise in both property

cac re, CRM Students operate aa range o

thtt ousands of units uunder its control. B

tottt theh market, CRM Studentts has forg

unu iversities, and hah s become a preferr

studene t accommodatttioion, and the pre

Studdddeent.

Chaffffes Solicitiii ors LPPBuyer‘s Solicitor

ViV ta SSSStudent hass sele ected ChC afes, a lea

exe peerienced proppppperty team to o"er p

ses rvices. Established in 1889, Chafes s

valuese with progreessive thinking to pr

quqq aliti y legal seervices and the best adv

wiithth Chafes to ccrerr ate aa tailor-made pa

propppeeerties desigii ned to minimise costs

prp ocesss of purchasinnng a Vita Student p

Directed by the management teams behind the multi-award

winning home builder, Huntsmere, and Select Property, the

international property investment specialist, Vita Student brings

together experts from across the industry to design, develop,

manage and promote the UK’s best student accommodation

projects.

Vita Student

The team behind Vita Student, Manchester

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How the scheme works for you

Vita Student at First Street is a fully managed 7 year investment scheme allowing

owners to enjoy all the bene!ts of a secure UK property investment with none of

the hassle associated with managing the property or !nding tenants.

Working closely with the management company CRM Students, Vita Student will

take care of the complete management of the properties; from general

maintenance and dealing with service providers through to the securing of

student tenants.

When it comes to running costs, Vita Student operates an open-book policy to

show how the net rental yield is arrived at. Rental return will be paid in termly

instalments, with owners receiving their !rst payment in January 2015.

With prices starting at £77,950, Vita Student at First Street

o"ers buyers a fully managed investment in the UK’s best

student accommodation with a minimum annual rental

return of 9% net for the !rst two years.

Vita Student at First Street Payment Plan

£5,000 Deposit

25% Exchange of contracts

25% December 2013

Balance Completion

How your yield is calculatedEstimate based on an a property price of £83,950

Shared general costs* £1,353

Ground Rent £350

Service charge** £902

Total Expenses £2,605

Weekly Rent: £200

Number of Weeks: 51

Gross Annual Income: £10,200

Net Annual Income: £7,595

Net Yield: 9%

Based on a purchase price of £83,950.

A demonstration of the return on investment (ROI)in three market conditions over 7 years.

Year 3% Capital Growth 6% Net rental return

1 (9% assured rental) £83,950 £7,556

2 (9% assured rental) £86,468 £7,556

3 £89,063 £5,344

4 £91,734 £5,504

5 £94,486 £5,669

6 £97,321 £5,839

7 £100,241 £6,014

Total returns £16,291 £43,482

Cumulative ROI 71%

Year 4% Capital Growth 9% Net rental return

1 (9% assured rental) £83,950 £7,556

2 (9% assured rental) £87,308 £7,556

3 £90,800 £8,172

4 £94,432 £8,499

5 £98,210 £8,839

6 £102,138 £9,192

7 £106,224 £9,560

Total returns £22,274 £59,373

Cumulative ROI 97%

Year 5% Capital Growth 12% Net rental return

1 (9% assured rental) £83,950 £7,556

2 (9% assured rental) £88,148 £7,556

3 £92,555 £11,107

4 £97,183 £11,662

5 £102,042 £12,245

6 £107,144 £12,857

7 £112,501 £13,500

Total returns £28,551 £76,482

Cumulative ROI 125%

Vita Student

The investment

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Investment timetable

NOW

Reservation completed and £5000

reservation deposit paid.

Solicitors instructed and contracts issued.

Exchange of contracts.

First instalment of 25% due

MAY 2013

Construction of Vita Student First Street

commences.

NOVEMBER 2013

CRM Students commence marketing

campaign to secure tenants for

September 2014/15.

DECEMBER 2013

Second instalment of 25% due.

AUGUST 2014

Completion of Vita Student at First Street.

Lease granted.

7-year scheme commences.

SEPTEMBER 2014

Academic year begins and tenants move in.

JANUARY 2015

First instalment of assured rental

return is paid.

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*General Costs include all sta!, maintenance and operational running costs, as well as the management company's fee, deducted from pooled rental income.

**Service Charge is the individual contribution towards managing the estate and keeping the building structure and common amenities in a good state of repair, paid annually by all owners under their lease.

Providing buyers with full security, all payments are made via a UK solicitor.

Page 20: Brochure glob vita first street

Please note that the information that we

distribute is produced with great care and

believed to be correct at the time of printing

to the best of our knowledge. Pictures,

layouts and other details in this brochure are

given as a general guide and may change

from time to time in accordance with the final

designs of the development and appropriate

planning permissions. We endeavour to

ensure that any market forecasts we provide

are accurate and well researched at all

times, however we cannot ultimately warrant

the accuracy of that information and cannot

be held liable for any reliance you may make

of or put on it except as specifically agreed

with us in any further agreement we may

make with you in writing.

Per info:

GLOBINVEST IMMOBILIARE

Mail. [email protected]

Tel. +39 334 9327318