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KELHAM Sheffield Brochure

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CONTENTS<br />

Introducing Kelham Works<br />

Why Invest in <strong>Sheffield</strong><br />

Centrally Located, Connected City<br />

<strong>Sheffield</strong>: a Thriving Economy<br />

A Vibrant and Cultured City<br />

Investing in Micro Apartments<br />

Investing in Student Accommodation<br />

Living and Working in Kelham Island<br />

Kelham Works Overview<br />

Interiors<br />

Onsite Facilities<br />

Kelham Works Location<br />

Floor Plans<br />

Investment Summary<br />

Payment Process<br />

Experienced Developers<br />

Questions and Answers<br />

2<br />

3<br />

4<br />

5<br />

6<br />

7<br />

8<br />

9<br />

12<br />

13<br />

14<br />

15<br />

16<br />

19<br />

20<br />

21<br />

22<br />

1 5


A stunning new development in <strong>Sheffield</strong>’s<br />

vibrant Kelham Island Quarter – the perfect<br />

location for high quality, boutique living.<br />

Introducing<br />

<strong>KELHAM</strong> WORKS<br />

Kelham Works, located in the historic and beautiful Kelham Island ‘urban village’ of<br />

<strong>Sheffield</strong>, is the latest project from seasoned developers Noble Design and Build.<br />

This development comprises 52 self-contained luxury micro-apartments, plus top<br />

of the range communal facilities and utilities; perfect for today’s discerning young<br />

professionals.<br />

This is a fully managed hands-off investment with the following features:<br />

Purchase from<br />

£69,950<br />

Pre-launch price<br />

10% below<br />

market value<br />

Assured net rental<br />

9% for 3 years<br />

Projected<br />

capital growth<br />

5% pa<br />

12 month<br />

payment plan<br />

Developer Buy Back<br />

125% Year 5<br />

Completion date December 2015<br />

2


Kelham Works is based in a beautiful area yet<br />

remains close to the business hub of <strong>Sheffield</strong>,<br />

ensuring residents are near to work but can<br />

enjoy wonderful scenery when returning home.<br />

Why Invest in<br />

SHEFFIELD<br />

With a total student <strong>Sheffield</strong> population is an economic of more powerhouse than 60,000, in the north <strong>Sheffield</strong> of England, recently attracting topped a list<br />

of university towns businesses and globally cities that with could a high benefit employment from rate, more and purpose excellent built accessibility student a<br />

and connectivity. Around 2.1 million people live within a 60 minute commute<br />

of the city and growing key sectors include the creative and digital industries,<br />

low-carbon, and healthcare technologies.<br />

The city centre has undergone a radical transformation in recent years and<br />

offers a vibrant and cosmopolitan experience that rivals any European city.<br />

Over 63,000 students study at <strong>Sheffield</strong>’s two universities, including more<br />

than 7,000 international students. The city recently topped a list of university<br />

towns and cities that could benefit from more student accommodation: the<br />

universities are only able to provide 11,369 bedrooms to more than 46,890<br />

full-time students, leaving a massive 76% looking for accommodation in the<br />

private rented sector.<br />

International students are a key driving force behind demand for quality<br />

purpose-built accommodation and, with no cap on the numbers who can<br />

study in the UK, Knight Frank forecasts this amount will increase by 15-20%<br />

over the next five years.<br />

Kelham Works directly meets demand from <strong>Sheffield</strong>’s young professionals,<br />

who want affordable living in a trendy part of the city, and from international<br />

students, who want safe, quality, purpose-built accommodation.<br />

3


Centrally Located<br />

CONNECTED CITY<br />

<strong>Sheffield</strong> is the UK’s most centrally located city<br />

region. It is at the hub of key road and rail<br />

networks and close to the major UK business<br />

centres of Manchester and Birmingham.<br />

Located at the heart of the UK, <strong>Sheffield</strong> has excellent transport links whether you<br />

are travelling by road, rail or air.<br />

Trains<br />

<strong>Sheffield</strong> has extensive rail links to all major UK cities. Manchester<br />

is less than an hour by train and London is just 2 hours and 4<br />

minutes away. Trains run from <strong>Sheffield</strong> to London every hour,<br />

and up to three times per hour to and from Manchester.<br />

Roads<br />

<strong>Sheffield</strong> is connected to the national motorway network via the<br />

M1 and M18 motorways. The M1 skirts the north-east of the city,<br />

linking <strong>Sheffield</strong> with London.<br />

Airports<br />

Manchester Airport is an hour’s journey away by car, and just<br />

over an hour by train. This major international airport is the largest<br />

outside London and provides direct flights to over 220<br />

destinations worldwide – more than any other UK airport.<br />

4 5


<strong>Sheffield</strong>:<br />

A THRIVING ECONOMY<br />

<strong>Sheffield</strong>’s economy has significantly transformed over the<br />

last twenty years, with substantial improvements made<br />

across a range of economic indicators.<br />

New employment opportunities and businesses have been<br />

created, the two Universities have considerably increased<br />

both student numbers and capital investment, and the<br />

city’s image has been radically reshaped with a series of<br />

high-profile improvements to the built environment.<br />

Jobs in the<br />

City<br />

increased by<br />

22%<br />

between<br />

1995 and<br />

2008<br />

Home to<br />

Boeing, Rolls Royce<br />

& Siemens<br />

The <strong>Sheffield</strong> City Region is at the forefront of the UK’s<br />

industrial and entrepreneurial development and was<br />

recently described by the Secretary of State as being “at<br />

the heart” of Britain’s continued economic growth.<br />

With an economy bigger than some European countries,<br />

the <strong>Sheffield</strong> City Region is a significant financial power.<br />

The area is home to almost 1.8 million people and has an<br />

output of more than £24.7 billion per year.<br />

55


<strong>Sheffield</strong> is a richly diverse, multicultural city that<br />

has earned its reputation for being one of the<br />

friendliest and safest in the UK.<br />

A vibrant and<br />

CULTURED CITY<br />

The UK’s fourth largest city, <strong>Sheffield</strong> offers a unique blend of both urban lifestyle and<br />

rural retreat. The city has been going through something of an ‘urban renaissance’ in<br />

recent years, making the most of its grand industrial heritage and architecture, and<br />

reinventing itself as a city of European significance.<br />

<strong>Sheffield</strong> has something for everyone: a vibrant pub and club culture; high street and<br />

boutique shopping; restaurants to suit all tastes; the largest theatre complex outside<br />

London; art galleries; iconic music venues; and sports facilities, including three<br />

climbing centres and the world’s deepest diving pool.<br />

Yet a third of the city also lies within the beautiful Peak District National Park. This<br />

combination of an exciting, bustling, cosmopolitan city within an outstanding area of<br />

natural beauty makes <strong>Sheffield</strong> a truly unique and inspirational place to live, work and<br />

study.<br />

Vibrant nightlife<br />

with a varied<br />

music scene<br />

High street<br />

& boutique<br />

shopping<br />

Leading theatres<br />

Creative<br />

arts spaces<br />

Within the UK’s first<br />

National Park<br />

Restaurants<br />

& cafes to<br />

suit all tastes<br />

6


Investing in micro<br />

APARTMENTS<br />

Micro-apartments redefine urban living for city-dwelling young professionals who<br />

want low cost yet high quality, boutique accommodation.<br />

The micro-apartment concept is simple:<br />

Affordable<br />

High<br />

specification<br />

Energy<br />

Efficient<br />

In the heart<br />

of the city<br />

The micro-apartment has historically been popular with investment funds and<br />

financial institutions due to the high yield potential: on average, micro-apartments<br />

generate higher yields than those accrued in more traditional buy-to-let markets.<br />

Micro-apartments also attract the student market, particularly post-graduate and<br />

international students, providing a safe and quality alternative to halls of<br />

residence.<br />

Micro-apartments provide high specification luxury<br />

living at affordable prices for today’s young<br />

professionals and students who might otherwise be<br />

priced out of the areas in which they want to live.<br />

Student accommodation has out-performed every other asset<br />

class in the UK property investment for several years, and this<br />

shows no sign of slowing down as demand continues to<br />

significantly outstrip supply.<br />

<strong>Sheffield</strong> is home to 63,000 students, including 7,000<br />

international students, but only has 11,000 university managed<br />

accommodation places.<br />

Micro-apartments such as Kelham Works therefore present an<br />

exciting investment opportunity, filling a gap and contributing to<br />

the city’s housing solutions.<br />

Young professionals want high<br />

quality, new build apartments with<br />

en-suite bathrooms and great<br />

facilities close to their place of work<br />

7 5


The student accommodation sector was ranked<br />

by The Times as ‘the top asset class in the UK’s<br />

property market’ in 2012.<br />

Investing in the<br />

STUDENT MARKET<br />

The student property market continues to provide stable and lucrative returns and<br />

investor appetite shows no sign of waning, with over £2 billion invested in student<br />

accommodation in the UK in 2013.<br />

“Student property returns will<br />

continue to outstrip traditional<br />

asset classes into 2014”<br />

The Knight Frank Student Property Report 2014<br />

Demand for university places in the UK remains strong, resulting in a continued<br />

oversubscription each year. Overall, universities receive 14 applications for every 10<br />

places available: an 8% increase over the last five years.<br />

Students are increasingly demanding high quality and secure purpose built<br />

accommodation with great facilities close to their place of study. And they are willing<br />

to pay more than ever for these benefits.<br />

A shortage of this kind of accommodation ensures rental values remain high across<br />

the board. Data from the National Union of Students shows that rents for<br />

purpose-built student accommodation continue to rise above the level of inflation,<br />

increasing by 53% since 2006.<br />

International students are the driving force behind the demand for purpose built<br />

accommodation and, with no cap on the number of students who can study in the<br />

UK, Knight Frank has forecast that the number of international students in higher<br />

education will increase by 15%-20% over the next five years.<br />

This will certainly further boost demand for luxury student accommodation and<br />

propel this investment sector from strength to strength.<br />

8


Living and working in<br />

<strong>KELHAM</strong> ISLAND<br />

Kelham Island’s award winning pubs, The Fat<br />

Cat and the Kelham Island Tavern, were<br />

recently mentioned in the New York Times’<br />

article “52 Places to Go in 2014”.<br />

The Kelham Island Quarter is <strong>Sheffield</strong>’s only ‘urban village’, and sits just north<br />

of <strong>Sheffield</strong> City Centre. The majority of the area is within a conservation area<br />

that protects and proudly exhibits <strong>Sheffield</strong>’s industrial heritage and<br />

architecture.<br />

Kelham has an edgy, dynamic ‘SoHo’ feel about it, characterised by<br />

warehouses converted into high spec offices and apartments, artisan<br />

businesses and workshops, galleries, cafes, bars, restaurants and award<br />

winning pubs. Its riverside setting and central square further add to its charm.<br />

For ale connoisseurs, the Kelham Island Tavern is the only pub to have won the<br />

coveted CAMRA National Pub of the Year Award for two years running.<br />

The area buzzes with energy and has fast become <strong>Sheffield</strong>’s ‘place to be’,<br />

attracting young professionals, couples and also families who enjoy its vibrant<br />

sense of community.<br />

Kelham is a unique and exciting space in which to live, work and visit, so many<br />

may not feel the need to venture further! Yet it is well connected by excellent<br />

bus and tram links to the city centre, universities and local colleges. The Peak<br />

District National Park is also just a 10 minute drive away.<br />

9 5


10


115


Kelham Works is a high-profile development<br />

comprising 52 luxury sought after self-contained<br />

units for young professionals in a central, stylish<br />

area.<br />

Kelham Works<br />

OVERVIEW<br />

Kelham Works is a luxuriously built hub for young professionals in a prime location.<br />

Its six floors provide excellent social and communal facilities, including a roof top<br />

terrace, retail space, cinema, and gymnasium, plus all the facilities and utilities you<br />

would expect from a high specification student development.<br />

Accommodation comprises 52 luxury units. All units are en-suite, have their own<br />

kitchen, dining and study areas, and make clever use of space with quality fixtures<br />

and fittings.<br />

The development sits next to the famous Kelham Island Tavern, in the heart of the<br />

desirable Kelham Island Quarter, yet just a short tram ride from <strong>Sheffield</strong>’s city centre<br />

52 luxury units Roof top terrace Furniture<br />

packs<br />

available<br />

High-spec finish<br />

Excellent<br />

onsite<br />

facilities<br />

Retail space<br />

12


INTERIORS<br />

FURNITURE PACKS AVAILABLE<br />

13


Kelham Works provides a safe, secure<br />

environment with a 24/7 security system,<br />

WiFi throughout, and a range of excellent<br />

onsite facilities.<br />

Onsite<br />

FACILITIES<br />

Roof top<br />

terrace<br />

Cinema room<br />

Games room<br />

Bike store Laundry room WiFi<br />

Gymnasium<br />

Retail space<br />

CCTV<br />

14


Kelham Works<br />

LOCATION<br />

updated using Kelham<br />

Island Quarter centre as<br />

postcode. Could do with<br />

the postcode to double<br />

check and to add into full<br />

address in FAQs<br />

Kelham Works is ideally located for young<br />

professionals: close to the city centre, major<br />

businesses, shops and nightlife.<br />

Kelham Works has everything young professionals and students want and<br />

need within a few minutes stroll, including great bus and tram links to the city<br />

centre right on the doorstop.<br />

0.1 mile<br />

Nearest Bus<br />

& Tram stops<br />

1.1 mile<br />

University of<br />

<strong>Sheffield</strong><br />

1.5 mile<br />

<strong>Sheffield</strong><br />

Railway<br />

Station<br />

2.0 mile<br />

<strong>Sheffield</strong><br />

Hallam<br />

University<br />

Nightlife & Eating Out<br />

Kelham Island Quarter has all manner of cafes, gastro pubs, bars<br />

and breweries, which are thriving in what is quickly becoming a<br />

new young professional mecca.<br />

Kelham Island Museum<br />

Kelham Works<br />

O2 Academy<br />

Shops<br />

Kelham Island has many unique points of<br />

interest reflecting its past, such as outlets<br />

for vintage clothes and handmade trinkets,<br />

and various artist studios and museums<br />

Orchard Square 10 minute walk<br />

The Forum 17 minute walk<br />

Meadowhall 3.3 miles by car<br />

University<br />

Train Station<br />

155


DRY<br />

RISER<br />

INLET<br />

FLOOR PLANS<br />

PROPOSED<br />

TOWNHOUSES<br />

BIKE<br />

STORE<br />

ACCESS<br />

11<br />

BIKES<br />

PLANT<br />

BIN STORE<br />

ACCESS<br />

BINS<br />

VENTILATED<br />

LOBBY<br />

GYM/GAMES<br />

METERS<br />

RESIDENTIAL<br />

ENTRANCE<br />

POST<br />

LOBBY SMOKE SERVICES<br />

VENTILATED<br />

LOBBY<br />

LAUNDRY<br />

COMMERCIAL<br />

ENTRANCE<br />

STORE<br />

LIFT<br />

CINEMA<br />

ATM<br />

A1/A3 USE<br />

<strong>KELHAM</strong><br />

ISLAND<br />

TAEVERN<br />

PROPOSED<br />

TOWNHOUSES<br />

COMMERCIAL<br />

ESCAPE<br />

GROUND FLOOR<br />

Ground Floor<br />

16


3 2<br />

4<br />

5<br />

6<br />

7<br />

9<br />

LIFT<br />

BROWN<br />

ROOF<br />

SMOKE<br />

LOBBY<br />

STORE<br />

STORE<br />

SERVICES<br />

8<br />

1<br />

10<br />

11<br />

12<br />

15<br />

13<br />

14<br />

AOV<br />

AOV<br />

AOV<br />

AOV<br />

6<br />

7 2<br />

3<br />

4<br />

5<br />

LIFT<br />

LOBBY<br />

STORE<br />

STORE<br />

SMOKE<br />

SERVICES<br />

1<br />

10<br />

11<br />

12<br />

15<br />

13<br />

14<br />

Second Floor<br />

AOV<br />

AOV<br />

8<br />

9<br />

AOV<br />

First Floor<br />

FLOOR PLANS<br />

17


FLOOR PLANS<br />

12<br />

13<br />

11<br />

TERRACE<br />

10<br />

STORE<br />

AOV<br />

SMOKE<br />

SERVICES<br />

SMOKE<br />

SERVICES<br />

9<br />

LOBBY<br />

AOV<br />

9<br />

LOBBY<br />

AOV<br />

8<br />

LIFT<br />

TERRACE<br />

8<br />

LIFT<br />

STORE<br />

STORE<br />

AOV<br />

AOV<br />

7<br />

7<br />

6<br />

5<br />

4<br />

3<br />

2<br />

1<br />

BROWN<br />

ROOF<br />

6<br />

5<br />

4<br />

3<br />

2<br />

1<br />

Third Floor<br />

Fourth Floor<br />

18


Investment<br />

SUMMARY<br />

Kelham Works is currently released for sale with<br />

a pre-launch price of 10% below market value.<br />

The development will be completed<br />

by December 2015.<br />

Kelham Works represents a solid investment opportunity, with generous annual<br />

returns, a flexible exit strategy, and a choice of purchase options for investors.<br />

Key Features<br />

Purchase<br />

from £69,995<br />

Assured net rental<br />

9% for 3 years<br />

Estimated<br />

capital uplift 5% pa<br />

Flexible exit<br />

strategy<br />

Investment Example<br />

Unit no. 113<br />

Type Studio<br />

Purchase £69,950<br />

Gross annual income £8,400<br />

Maintenance £1,200<br />

Management fees £400<br />

Ground rent £300<br />

Net income £6,500<br />

Net yield (3 years) 9%<br />

Assured net rental of 9% per annum for the first 3 years<br />

195


You are required to pay a reservation deposit.<br />

Your final payment will be due when<br />

construction completes.<br />

Payment<br />

PROCESS<br />

STAGE PAYMENTS<br />

Once your property consultant has helped you to select your unit(s), please complete<br />

the reservation agreement and return it along with a copy of your passport, a recent<br />

utility bill and your deposit. The bank transfer details will be found on the reservation<br />

agreement.<br />

Option One<br />

1<br />

Deposit of £2,500 with reservation form<br />

2<br />

75% of balance (including deposit) on<br />

exchange of contracts within 28 days<br />

3<br />

Remaining balance due on completion<br />

of building in December 2015<br />

4<br />

5% interest will be paid on<br />

exchange of monies paid<br />

Option Two<br />

1<br />

Deposit of £2,500 with reservation form<br />

2<br />

40% of balance (including deposit) on<br />

exchange of contracts within 28 days<br />

3<br />

35% of balance on roof level construction<br />

25% on completion in December 2015<br />

4<br />

No interest on deposit funds<br />

When your property consultant confirms they have received your paperwork you will<br />

need to instruct a solicitor. Should you require assistance we can recommended a<br />

number of solicitors experienced in handling student accommodation investment<br />

transactions.<br />

Your solicitor will advise you of the paperwork they will require. Please return this<br />

promptly to reduce the risk of delays.<br />

Your first instalment will be paid when you exchange contracts. Your solicitor will<br />

inform you when they have the date for exchange, providing you with adequate<br />

notice. At the time of exchange you will also be required to sign and return your<br />

contracts. If you are unable to do so due to your location, your solicitor will be able to<br />

act as your Power of Attorney but may charge an additional fee for this service.<br />

After you have exchanged contracts you will receive a welcome letter from the<br />

developer, which will detail the future service they will provide and include all contact<br />

details.<br />

20


Experienced<br />

DEVELOPERS<br />

Noble Design and Build only work with large,<br />

multi-partner architects, surveyors and<br />

engineers to ensure quality control, planning<br />

and construction meet the highest levels.<br />

Noble Design and Build are reputable developers who have been active in the<br />

UK property market for many years. They are highly experienced and are able<br />

to deal with both small and large projects.<br />

In most cases Noble act as project developer, assembling the appropriate<br />

expert teams to carry out the build itself, and they have worked alongside some<br />

of the foremost companies in the construction industry. These include major<br />

PLC steel-frame fabrication companies and the leading suppliers of lifts, build<br />

materials and ground works.<br />

Noble has its own build teams and sub-contracts regular trades for<br />

groundwork, construction, first and second fix and decor/renovation.<br />

Noble Design and Build also provide property and tenancy<br />

management services, under the name of ‘Noble Living’.<br />

The company has a large land and site bank and many<br />

projects currently in progress. In 2014 Noble will complete<br />

more than 200 units, with 400 further units already in the<br />

pipeline for next year.<br />

215


Questions and<br />

ANSWERS<br />

What is the address of the site?<br />

Kelham Works, Kelham Island Quarter, <strong>Sheffield</strong> S3 8RW<br />

Has the construction started?<br />

Yes.<br />

When will the building be completed?<br />

December 2015.<br />

Am I buying as freehold or leasehold?<br />

195 years leasehold.<br />

What can I expect as a return on my investment?<br />

Based on a purchase price of £69,950 you will receive an assured net<br />

rental of £6,500 per annum for the first three years which is a 9% yield.<br />

When is my rental income paid?<br />

Quarterly in arrears.<br />

Can I resell my unit?<br />

Yes.<br />

Can I do anything I want with my apartment?<br />

Apartments are C3 residential use with dual planning for<br />

student lets.<br />

Is there a management company in place?<br />

Yes - Noble Living.<br />

Who do I contact to find out more?<br />

Please do not hesitate to contact Noble Design and Build<br />

for any additional information .<br />

CONTACT US<br />

Noble Design & Build<br />

Are there any restrictions if I want to sell?<br />

No, you can sell off-plan or once built but the developer would like first<br />

refusal.<br />

9 Castle Trading Estate<br />

Priorlsee, Telford<br />

Shropshire TF2 9NP<br />

Tel: 01952 615213<br />

Email: gary@nobledesignandbuild.co.uk<br />

Web: www.nobledesignandbuild.com<br />

22


www.nobledesignandbuild.com

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