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CONTENTSIntroducing Kelham Works
Why Invest in Sheffield
Centrally Located, Connected City
Sheffield: a Thriving Economy
A Vibrant and Cultured City
Investing in Micro Apartments
Investing in Student Accommodation
Living and Working in Kelham Island
Kelham Works Overview
Interiors
Onsite Facilities
Kelham Works Location
Floor Plans
Investment Summary
Payment Process
Experienced Developers
Questions and Answers
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Projected capital growth
5% pa
12 monthpayment plan
Developer Buy Back125% Year 5
Purchase from£69,950
Pre-launch price 10% below
market value
Assured net rental 9% for 3 years
Introducing
KELHAM WORKSKelham Works, located in the historic and beautiful Kelham Island ‘urban village’ of Sheffield, is the latest project from seasoned developers Noble Design and Build.
This development comprises 52 self-contained luxury micro-apartments, plus topof the range communal facilities and utilities; perfect for today’s discerning youngprofessionals.
This is a fully managed hands-off investment with the following features:
Completion date September 2016
A stunning new development in Sheffield’s vibrant Kelham Island Quarter – the perfect location for high quality, boutique living.
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Why Invest in
SHEFFIELDWith a total student population of more than 60,000, Sheffield recently topped a list of university towns and cities that could benefit from more purpose built student a
Kelham Works is based in a beautiful area yet remains close to the business hub of Sheffield, ensuring residents are near to work but can enjoy wonderful scenery when returning home.
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Sheffield is an economic powerhouse in the north of England, attracting businesses globally with a high employment rate, and excellent accessibility and connectivity. Around 2.1 million people live within a 60 minute commute of the city and growing key sectors include the creative and digital industries, low-carbon, and healthcare technologies.
The city centre has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city.
Over 63,000 students study at Sheffield’s two universities, including more than 7,000 international students. The city recently topped a list of university towns and cities that could benefit from more student accommodation: the universities are only able to provide 11,369 bedrooms to more than 46,890 full-time students, leaving a massive 76% looking for accommodation in the private rented sector.
International students are a key driving force behind demand for quality purpose-built accommodation and, with no cap on the numbers who can study in the UK, Knight Frank forecasts this amount will increase by 15-20% over the next five years.
Kelham Works directly meets demand from Sheffield’s young professionals, who want affordable living in a trendy part of the city, and from international students, who want safe, quality, purpose-built accommodation.
TrainsSheffield has extensive rail links to all major UK cities. Manchester is less than an hour by train and London is just 2 hours and 4 minutes away. Trains run from Sheffield to London every hour, and up to three times per hour to and from Manchester.
RoadsSheffield is connected to the national motorway network via the M1 and M18 motorways. The M1 skirts the north-east of the city, linking Sheffield with London.
AirportsManchester Airport is an hour’s journey away by car, and just over an hour by train. This major international airport is the largest outside London and provides direct flights to over 220 destinations worldwide – more than any other UK airport.
Sheffield is the UK’s most centrally located city region. It is at the hub of key road and rail
networks and close to the major UK business centres of Manchester and Birmingham.
Centrally Located
CONNECTED CITYLocated at the heart of the UK, Sheffield has excellent transport links whether you are travelling by road, rail or air.
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Sheffield: A THRIVING ECONOMY
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Sheffield’s economy has significantly transformed over the last twenty years, with substantial improvements made across a range of economic indicators.
New employment opportunities and businesses have been created, the two Universities have considerably increased both student numbers and capital investment, and the city’s image has been radically reshaped with a series of high-profile improvements to the built environment.
The Sheffield City Region is at the forefront of the UK’s industrial and entrepreneurial development and was recently described by the Secretary of State as being “at the heart” of Britain’s continued economic growth.
With an economy bigger than some European countries, the Sheffield City Region is a significant financial power. The area is home to almost 1.8 million people and has an output of more than £24.7 billion per year.
Home toBoeing, Rolls Royce
& Siemens
Jobs in the City increased by
22%between 1995 and 2008
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Sheffield is a richly diverse, multicultural city that has earned its reputation for being one of the friendliest and safest in the UK.
Vibrant nightlifewith a variedmusic scene
High street & boutique shopping
Within the UK’s first National Park
Restaurants & cafes to suit all tastes
Creative arts spaces
Leading theatres
A vibrant and
CULTURED CITYThe UK’s fourth largest city, Sheffield offers a unique blend of both urban lifestyle and rural retreat. The city has been going through something of an ‘urban renaissance’ in recent years, making the most of its grand industrial heritage and architecture, and reinventing itself as a city of European significance.
Sheffield has something for everyone: a vibrant pub and club culture; high street andboutique shopping; restaurants to suit all tastes; the largest theatre complex outsideLondon; art galleries; iconic music venues; and sports facilities, including threeclimbing centres and the world’s deepest diving pool.
Yet a third of the city also lies within the beautiful Peak District National Park. This combination of an exciting, bustling, cosmopolitan city within an outstanding area of natural beauty makes Sheffield a truly unique and inspirational place to live, work and study.
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Student accommodation has out-performed every other asset class in the UK property investment for several years, and this shows no sign of slowing down as demand continues to significantly outstrip supply.
Sheffield is home to 63,000 students, including 7,000 international students, but only has 11,000 university managed accommodation places.
Micro-apartments such as Kelham Works therefore present an exciting investment opportunity, filling a gap and contributing to the city’s housing solutions.
Young professionals want high quality, new build apartments with
en-suite bathrooms and great facilities close to their place of work
Micro-apartments provide high specification luxury living at affordable prices for today’s young
professionals who might otherwise be priced out of the areas in which they want to live.
Investing in micro
APARTMENTSMicro-apartments redefine urban living for city-dwelling young professionals who want low cost yet high quality, boutique accommodation.
The micro-apartment concept is simple:
The micro-apartment has historically been popular with investment funds and financial institutions due to the high yield potential: on average, micro-apartments generate higher yields than those accrued in more traditional buy-to-let markets.
Micro-apartments also attract the student market, particularly post-graduate and international students, providing a safe and quality alternative to halls of residence.
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AffordableHigh
specificationEnergy
EfficientIn the heart of the city
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“Student property returns will continue to outstrip traditional
asset classes into 2014”
The Knight Frank Student Property Report 2014
The student accommodation sector was ranked by The Times as ‘the top asset class in the UK’s property market’ in 2012.
Investing in the
STUDENT MARKETThe student property market continues to provide stable and lucrative returns and investor appetite shows no sign of waning, with over £2 billion invested in student accommodation in the UK in 2013.
Demand for university places in the UK remains strong, resulting in a continued oversubscription each year. Overall, universities receive 14 applications for every 10 places available: an 8% increase over the last five years.
Students are increasingly demanding high quality and secure purpose built accommodation with great facilities close to their place of study. And they are willing to pay more than ever for these benefits.
A shortage of this kind of accommodation ensures rental values remain high across the board. Data from the National Union of Students shows that rents for purpose-built student accommodation continue to rise above the level of inflation, increasing by 53% since 2006.
International students are the driving force behind the demand for purpose built accommodation and, with no cap on the number of students who can study in the UK, Knight Frank has forecast that the number of international students in higher education will increase by 15%-20% over the next five years.
This will certainly further boost demand for luxury student accommodation and propel this investment sector from strength to strength.
Kelham Island’s award winning pubs, The Fat Cat and the Kelham Island Tavern, were
recently mentioned in the New York Times’ article “52 Places to Go in 2014”.
Living and working in
KELHAM ISLANDThe Kelham Island Quarter is Sheffield’s only ‘urban village’, and sits just north of Sheffield City Centre. The majority of the area is within a conservation area that protects and proudly exhibits Sheffield’s industrial heritage and architecture.
Kelham has an edgy, dynamic ‘SoHo’ feel about it, characterised by warehouses converted into high spec offices and apartments, artisan businesses and workshops, galleries, cafes, bars, restaurants and award winning pubs. Its riverside setting and central square further add to its charm. For ale connoisseurs, the Kelham Island Tavern is the only pub to have won the coveted CAMRA National Pub of the Year Award for two years running.
The area buzzes with energy and has fast become Sheffield’s ‘place to be’, attracting young professionals, couples and also families who enjoy its vibrant sense of community.
Kelham is a unique and exciting space in which to live, work and visit, so many may not feel the need to venture further! Yet it is well connected by excellent bus and tram links to the city centre, universities and local colleges. The Peak District National Park is also just a 10 minute drive away.
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511
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52 luxury units Roof top terrace Furniturepacks
available
High-spec finish Excellentonsite facilities
Retail space
Kelham Works is a high-profile development comprising 52 luxury sought after self-contained units for young professionals in a central, stylish area.
Kelham Works
OVERVIEWKelham Works is a luxuriously built hub for young professionals in a prime location. Its six floors provide excellent social and communal facilities, including a roof top terrace, retail space, cinema, and gymnasium, plus all the facilities and utilities you would expect from a high specification student development.
Accommodation comprises 52 luxury units. All units are en-suite, have their own kitchen, dining and study areas, and make clever use of space with quality fixtures and fittings.
The development sits next to the famous Kelham Island Tavern, in the heart of the desirable Kelham Island Quarter, yet just a short tram ride from Sheffield’s city centre
FURNITURE PACKS AVAILABLE
INTERIORS
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Kelham Works provides a safe, secure environment with a 24/7 security system, WiFi throughout, and a range of excellent onsite facilities.
Gymnasium
Bike store Laundry room WiFi
CCTV
Cinema room Games room
Retail space
Roof topterrace
Onsite FACILITIES
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updated using Kelham Island Quarter centre as postcode. Could do with the postcode to double check and to add into full address in FAQs
Kelham Works is ideally located for young professionals: close to the city centre, major
businesses, shops and nightlife.
Kelham Works
LOCATIONKelham Works has everything young professionals want and need within a few minutes stroll, including great bus and tram links to the city centre right on the doorstop.
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0.1 mileNearest Bus & Tram stops
1.1 mile University of
Sheffield
2.0 mileSheffield Hallam
University
Nightlife & Eating OutKelham Island Quarter has all manner of cafes, gastro pubs, bars and breweries, which are thriving in what is quickly becoming a new young professional mecca.
ShopsKelham Island has many unique points of interest reflecting its past, such as outlets for vintage clothes and handmade trinkets, and various artist studios and museums
10 minute walk17 minute walk3.3 miles by car
Orchard SquareThe Forum Meadowhall
1.5 mile Sheffield Railway Station
Kelham Works
Kelham Island Museum
O2 Academy
University
Train Station
A1/A3 USE
LIFT
DRYRISERINLET
Ø SMOKE SERVICES
GROUND FLOOR
LOBBY
POST
VENTILATEDLOBBY
ATM
BIKESTORE
ACCESS
BIN STOREACCESS
RESIDENTIALENTRANCE
COMMERCIALENTRANCE
COMMERCIALESCAPE
BINS
11BIKES
KELHAMISLAND
TAEVERN
METERS
PLANT
STORE
GYM/GAMES
LAUNDRY
CINEMA
VENTILATEDLOBBY
PROPOSEDTOWNHOUSES
PROPOSEDTOWNHOUSES
FLOOR PLANS
16
Ground Floor
3 245679
LIFT
BROWNROOF
SMOKE
LOBBY
STORE
STORE
SERVICES
8
110
11
12
15
13
14
AOV
AOV
AOV
AOV
67 2345
LIFT
LOBBY
STORE
STORE
SMOKE SERVICES
110
11
12
15
13
14
Second Floor
AOV
AOV
8
9
AOV
First Floor
FLOOR PLANS
17
FLOOR PLANS
18
12345
LIFT
LOBBY
STORE
STORE
SMOKE SERVICES
8
9
10
13
11
12
AOV
AOV
BROWNROOF
6
7
AOV
TERRACE
12345
LIFT
LOBBY
STORE
SMOKE SERVICES
8
9AOV
6
7
AOV
TERRACE
Third Floor Fourth Floor
Kelham Works is currently released for sale with a pre-launch price of 10% below market value.
The development will be completed by September 2016.
Investment
SUMMARYKelham Works represents a solid investment opportunity, with generous annual returns, a flexible exit strategy, and a choice of purchase options for investors.
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Purchasefrom £69,995
Key Features
Unit no. 113
Type Studio
Purchase £69,950
Gross annual income £8,400
Maintenance £1,200
Management fees £400
Ground rent £300
Net income £6,500
Net yield (3 years) 9%
Investment Example
Assured net rental9% for 3 years
Estimated capital uplift 5% pa
Flexible exitstrategy
Assured net rental of 9% per annum for the first 3 years
Payment
PROCESSOnce your property consultant has helped you to select your unit(s), please complete the reservation agreement and return it along with a copy of your passport, a recent utility bill and your deposit. The bank transfer details will be found on the reservation agreement.
When your property consultant confirms they have received your paperwork you will need to instruct a solicitor. Should you require assistance we can recommended a number of solicitors experienced in handling student accommodation investment transactions.
Your solicitor will advise you of the paperwork they will require. Please return this promptly to reduce the risk of delays.
Your first instalment will be paid when you exchange contracts. Your solicitor will inform you when they have the date for exchange, providing you with adequate notice. At the time of exchange you will also be required to sign and return your contracts. If you are unable to do so due to your location, your solicitor will be able to act as your Power of Attorney but may charge an additional fee for this service.
After you have exchanged contracts you will receive a welcome letter from the developer, which will detail the future service they will provide and include all contact details.
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STAGE PAYMENTS
You are required to pay a reservation deposit. Your final payment will be due when construction completes.
1Deposit of £2,500 with reservation form
275% of balance (including deposit) on exchange of contracts within 28 days
3Remaining balance due on completionof building in September 2016
45% interest will be paid onexchange of monies paid
Option One Option Two
1Deposit of £2,500 with reservation form
240% of balance (including deposit) onexchange of contracts within 28 days
335% of balance on roof level construction25% on completion in September 2016
4No interest on deposit funds
Noble Design and Build also provide property and tenancy management services, under the name of ‘Noble Living’.
The company has a large land and site bank and many projects currently in progress. In 2014 Noble will complete more than 200 units, with 400 further units already in the pipeline for next year.
Noble Design and Build only work with large, multi-partner architects, surveyors and
engineers to ensure quality control, planning and construction meet the highest levels.
Experienced
DEVELOPERSNoble Design and Build are reputable developers who have been active in the UK property market for many years. They are highly experienced and are able to deal with both small and large projects.
In most cases Noble act as project developer, assembling the appropriate expert teams to carry out the build itself, and they have worked alongside some of the foremost companies in the construction industry. These include major PLC steel-frame fabrication companies and the leading suppliers of lifts, build materials and ground works.
Noble has its own build teams and sub-contracts regular trades for groundwork, construction, first and second fix and decor/renovation.
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What is the address of the site? Kelham Works, Kelham Island Quarter, Sheffield S3 8RW
Has the construction started? Yes.
When will the building be completed? September 2016.
Am I buying as freehold or leasehold? 195 years leasehold.
What can I expect as a return on my investment?Based on a purchase price of £69,950 you will receive an assured net rental of £6,500 per annum for the first three years which is a 9% yield.
When is my rental income paid? Quarterly in arrears.
Can I resell my unit? Yes.
Are there any restrictions if I want to sell? No, you can sell off-plan or once built but the developer would like first refusal.
Questions and
ANSWERS
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Noble Design & Build
9 Castle Trading EstatePriorlsee, TelfordShropshire TF2 9NP
Tel: 01952 615213 Email: [email protected]: www.nobledesignandbuild.com
CONTACT US
Can I do anything I want with my apartment?Apartments are C3 residential use with dual planning for student lets.
Is there a management company in place? Yes - Noble Living.
Who do I contact to find out more?Please do not hesitate to contact Noble Design and Build for any additional information .
www.nobledesignandbuild.com
