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