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TRINITY CHURCH| BOLTON

Knight Knox International

+44 (0)161 772 1370

knightknox.com

Knight Knox International provides the information contained within this document as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending investor must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing.

Investment highlights

•

9% assured NET yields for 2 years

•

Managed and let by PRIMO Property Management

•

Within walking distance of Bolton University, Bolton train station and all local shops, bars and restaurants

•

Built by an experienced developer of both residential and student properties

Trinity church

A modern refurbishment of a beautiful church in the heart of Greater Manchester, these studios and 1-bed apartments are sure to attract attention from investors due to their close proximity to both Manchester and Bolton Town Centres.

A former church, this historic Grade II listed building will become a three- storey apartment block with 42 studio flats. A four-storey apartment block will also be built to the east of the church and a two-storey apartment block, called The Lodge, will be put up on the Crook Street side. These two buildings will contain 40 apartments between them.

Although designed as a residential buy-to-let, Trinity Church is also aimed at the student market due to its location at the centre of one of the UKâ€™s largest student hubs, with four universities within its locality. This landmark building stands in the centre of Bolton and will act as a perfect location for students who will be on the doorstep of the areaâ€™s shops restaurants and bars. Bolton is part of the larger Greater Manchester

region, which is one of the largest nerve centres for students in the UK; Trinity Church is located at the centre of this, being only a five minute walk away from Bolton University and within a short bus ride of Manchester University, UCLAN and Lancaster University. The fully fitted studio rooms will act as luxury one bed apartments which will suit the needs of a high-end occupant who would desire to be convened with a large boutique en-suite shower room and a flat screen TV already fitted with sky. Students choosing to live in Trinity Church will gain access to a new state-of-the-art ÂŁ48 million transport interchange which is planned to be completed by Easter 2015, which will ensure that students can explore their new home-away-from-home with ease. Investing in Trinity Church offers a unique advantage over other student accommodation projects, due to the huge opportunity for capital growth as the individual units can be re-sold on the open market as a traditional buyto-let investment.

Why Invest

in student accommodation

Continuing to outperform all other forms of property investment in the UK; private, boutique student residences are one of the most lucrative ways of expanding an investment portfolio, due to the stable yields and low void periods which are common for this type of property. The demand for high quality student accommodation is showing no signs of abating, as UK university places are still heavily oversubscribed with only 10 places available for every 14 applicants, placing university-owned accommodation under an increasing amount of strain, as they struggle to provide the standard of accommodation required in todayâ€™s market place.

in the UK predicted to rise to 7.6m by the year 2025. Here at Knight Knox International, we pride ourselves on being considered specialists at selling boutique student accommodation to the private investor market, with more than 12 completed, high-yielding developments to our name over the past 24 months alone. By focussing on regional university locations like Bolton, we are able to offer investors higher-than-average yields in areas that have a severe shortage of private, high-quality residences. Trinity Church is our latest boutique student project, identified as a prime investment opportunity and delivered by an experienced developer in the student accommodation market.

This trend for a higher-standard of living is fuelled by the globalisation of the Higher Education market and the increase in the number of students Average yields for regional cities applying to UK universities from outside currently stand at 6-6.5% across the of the UK. country, but by choosing to invest with Knight Knox International in Trinity Students from the European Union and Church, investors can receive 9.% overseas currently account for over a assured NET yields for two years. Fully sixth of the UKâ€™s student population, with managed and designed completely with the number of non-domiciled students students in mind, the project is due for studying at Higher Education institutions completion in Q2 2014.

88%

THE NUMBER OF UK DOMICILED GRADUATES IN THE UNIVERSITY HAS UK EMPLOYMENT

88% HAD REMAINED IN THE NORTH WEST CONTRIBUTING TO THE LOCAL ECONOMY

13,000 STUDENTS AND ONLY 615 OF THEM LIVE IN STUDENT HALLS

2010/2011 SURVEY

The UK’s premier asset class

IN THE SEC TOR

MORE THAN

DOUBLED TO

2 .7

BILLION IN

2012

‘‘

TOTAL CAPITAL INVESTMENT

THERE ARE APPLICATIONS

1 PLACE

AT THE UNIVERSITY OF BOLTON

76%

OF POSTGRADUATE LEAVERS WERE EMPLOYED 6 MONTHS AFTER STUDY. (Survey of students who graduated in the academic year 2010/11)

PRIMO PROPERTY MANAGEMENT

Specialising in boutique student living, PRIMO Property Management endeavours to provide everything a student could desire under the comfort of one roof. In addition to creating a comfortable, safe and friendly atmosphere for all residents, PRIMO Property Management offers investors the reassurance that they have purchased a completely hands-off investment that will be both let and managed on their behalf, by an experienced team of staff. “From day one they were so attentive, willing to listen and co-operate. If I can’t find any of the managing staff, they are available anytime on mobile numbers and e-mail addresses. I find I have the pleasure of knowing them on a much more personal level than I did with halls of residence staff last year” Kirsten Shiel, 3rd Year Undergraduate Nelson Square, Bolton

In addition to looking after the physical and tangible needs of residents, PRIMO Property Management also provides a virtual learning tool to help students on their journey through Higher Education. edYOUcate is a ‘moodle’ virtual learning environment developed to support students in meeting the challenges of university life. Access to edYOUcate is FREE to all students living in a PRIMO managed property. “From the first contact with PRIMO Property Management, everyone was really welcoming. Every step was clearly explained and if we had any problems, they were more than understanding and no problem was too big for them. Since moving in, everything has been of the highest standard and living in one of their properties is a great opportunity. So good, that I would be more than glad to return next year.” Michael Ainscow, 1st Year Undergraduate Nelson Square, Bolton

Investment over view

Purchase Price: Gross Rental Income: Maintenance Fee: Ground Rent: Management Fee: NET Income: NET Yield:

£53,950 £6,375 £900* £175 £400 £4,900 9.1%

Comprised of 82 individual studio flats spread across 3 buildings, Trinity Church offers a range of investment options ranging in price from £53,950

(typical after 2-year rental assurance) *Estimated cost, final figure will be agreed upon completion

Below is an example of the projects’ return-on-investment, from the purchase of a typical ensuite studio.

3% Conservative

5% Expected

7% Buoyant

Purchase Price

£53,950

Annual NET Rental Income

£6,375

Projected Future Asset Value

£62,543

£68,856

£75,668

Projected Total Value

£87,043

£93,356

£100,168

(Asset Value + 5 Yr Rental Income)

Figures are based on forecasts provided by the developer and are subject to change. Any financial information provided in this document is intended as a guide and does not constitute a contract

Bolton town

Bolton like many of its Greater Manchester counterparts,

transport interchange planned to be completed by

was born out of the industrial revolution. Although

Easter 2015; creating a 21st century transport hub and

much of the marvellous Victorian architecture remains,

further enhancing accessibility around and from the

the cotton industry which Bolton was famous for has

town.

since dwindled; retail and warehousing are now the main focus of the region with over 40% of employment

Also in place are plans to open a new cinema, a

in the locality supplied by these industries.

shopping area, and to transform Bolton into the main hub for town centre offices in North Greater Manchester

Middlebrook Retail Park has transformed Bolton’s

– plans such as this were created because of the

recent history; centred around Bolton Wanderer’s

specialised labour the skilled workforce of Bolton’s

25,000 seater football stadium, the park has created

university and colleges can offer to the area, once

4,500 jobs for the local populace and continues to grow

graduated.

with approximately 50 retail units already operating at the park.

Bolton Community College and most importantly, the University of Bolton, provide a high standard of

This developing town of Greater Manchester is

education. The university has around 13,000 students

completely accessible by air, rail and road – the

and teaches over 30 accredited courses. The numbers

town operates a 12 minute train-ride to Manchester

of students is set to rise in upcoming years, aided by

City Centre and also has a direct link to Manchester

launches of Bolton One in February 2012, a 31 million

International

Greater

health, leisure and research centre and the new

Manchester has recently declared that Bolton is to be

Business school which opened over a year later, in

the centre-point of its travel industry, with a £48 million

March 2013.

Airport.

The

borough

Olakunle Williams, vicepresident of the Bolton University students’ union, recently commented that: “The amount of accommodation we have at the moment is not adequate for the number of students.”

Bolton

higher education

The university originally opened as a mechanics institute in 1824, before gaining university status in 2005. Since then, the student populace has grown to around 13,000 students and the university has created strong links with industries, which has allowed it to create over 30 professionally accredited courses. The benefits of the university’s links with industry can be seen through the large amount of graduates who go straight into employment after study –a survey of students who graduated in 2010 and 2011 found that 80% of all graduates were employed or in further study or training, 6 months after graduation. More and more students continue to be attracted to the university; currently there are five applications for every

one place at the university and these applications are only set to increase in the upcoming years, as a direct result of a major regeneration project at the university. In early 2012, a £100,000 moot law court was opened; this successful launch was followed by the opening of Bolton One. A £31 million health & research centre.

academic year; this acknowledges the university’s efforts to make sure that prospective students receive a fair price. The fruits of this labour can be seen in a Guardian report which found that 80% of their learners are satisfied at the university.

The university currently only supplies 615 beds through student The Bolton Business School also halls and with a student populace opened in early 2013 and houses of over 13,000, demand is currently business, law and accountancy far out reaching supply; this has students. led to a drastic need for private accommodation, to help house Bolton University see student students who currently cannot happiness as it’s top priority find lodgings. Seventeen per and guarantees that individuals cent of these students seeking feel valued in their time whilst accommodation come from studying. The University does outside the UK; these students this by operating small teaching have a preference for highgroups on many courses to class purpose built student ensure that students are a name accommodation and this adds to and not a number. Also, The Times the already-intensifying need for reported that Bolton University student accommodation. has among the lowest fees of any UK university in the 2013/2014

City map

1 12 minutes to Bolton College 2 11 minutes walk to Bolton University

3 minutes to Bolton Interchange, Railway Station

12 minutes walk Main Shopping District

5 7 minutes to Art Gallery & Library 6

8 minutes to Bolton Town Hall

Distance to other UK cities Manchester- 13 miles Liverpool - 35 miles Leeds – 55 miles Birmingham – 96 miles London –219 miles

P TO

Y BO

T W S AY

BU RY

T W S

W ’S TER PE

’SW

RGE

GEO ST

NEW WA

Main Shopping District

Bolton

SPA RD

’SW ETER ST P

BU RY NE

Town Hall

MOOR LN

Art Galler y, Library & Museum

ST PE

R L N MOO

YW IT RS VE AY

University of Bolton

T R IN IT Y H CHURC ! e r e h is

Bolton College

WA ’S

TER

Indoor Market

TYST

TRINI

3 Bolton Interchange Railway Station

W TY

UN AY

Frequently Asked

asked questions

Is the building built?

Trinity Church is a grade II listed building, which will retain all of itâ€™s original features, to create a unique living environment.

Are there tenants already in place?

When will the building be completed?

Is there a rental assurance?

When is my rental income paid?

No, the building will be completely refurbished and ready fo Q3 2014

The interior of the building will be completely re-built , in order to create a luxurious living environment that enhances its grand exterior

NET rental is assured at 9% for the first 2 years, from completion of the purchase

Am I buying as Freehold or Leasehold?

Is the sale handled by UK lawyers?

200 years Leasehold

What is the address of the site?

Holy Trinity Church, Trinity St, Bolton BL3 6DD

Yes, the seller solicitors are Excello Law and the recommended solicitors for purchasers are Blunts of Macclesfield. Both are experienced at handling student accommodation transactions

Is there a management company already in place?

Yes, the designated management and letting agent will be PRIMO Propery Management

Q3 2014

This is paid quarterly in arrears direct into your bank account from completion

Can I resell my unit?

Yes, you can sell at any time after exchange of contracts

Are there any restrictions if I want to sell?

No, Trinity Church is a residential development, so you are free to sell your unit on the open market as a buyto-let apartment or student room

Purchase process

Once your unit(s) has been selected with the help of your property consultant, please complete the reservation agreement and return along with a copy of your passport, recent utility bill and your deposit. The bank transfer details will be found on the reservation agreement.

to help you with this should you require assistance, as we have a selection of recommended solicitors who are experienced in handling student accommodation investment transactions.

an adequate notice period, at the time of exchange you will also be required to sign and return your contracts. If you are unable to do this due to your location your solicitor will be able to act as your Power of Attorney. Please note that your solicitor may charge a fee for this service.

Your solicitor will advise you of the paperwork they will require from you. Please You are required to pay a return this promptly to After you have exchanged contracts you will receive reservation deposit. reduce the risk of delays. a welcome letter from the developer which will detail the Once your Property Your first installment future service they will provide Consultant has confirmed payment will be made when and include all contact details. they have received your you exchange contracts. paperwork, you will need Your solicitor will inform you to instruct a solicitor. Your when they have the date for Your final payment will be due when construction completes. consultant will be on hand exchange providing you with

STAGE 1

STAGE 2

STAGE 3

STAGE 4

Reservation form and deposit of ÂŁ5,000

Solicitor instructed, legals and sales pack sent out

50% of balance on exchange of contracts within 28 days

Remaining balance due on completion of building

About

Knight Knox International We are a long-standing company (a Ltd company since 2004) with an excellent reputation We have a large experienced team of over 30 staff, with a collective property experience of more than 200 years We have exclusive market-leading products that are hand-picked proven investments that sell in volume

We cater to all types of clients, from first-time buyers to large investors, helping build property portfolios and establishing good income returns We are one of very few companies to experience â€˜full market cyclesâ€™ We have a global partner network of overseas agents and on-the-ground specialists We sell property in over 50 countries worldwide and have local expertise on the ground in every location Most of all, our clients buy with us again and again because we are honest, experienced, professional and market the best opportunities

The

developer

Forshaw Land breathes new life into the old buildings we fall in love with. We relish the challenge of transforming an existing unused space into somewhere for people to live or work... from an old church to a Victorian prison, a former hotel to a Victorian brewery. We also love to build from scratch and when we do it is with the same careful thought and flair that goes into our conversion projects. Our schemes always centre around the end user, utilising the best materials and the highest standards of workmanship. We specialise in new-build developments of private houses and boutique student accommodation schemes. We also boast a long history of commercial and mixeduse developments and are always on the look-out for our next exciting project. We professionally manage all our student and residential developments through our sister company, PRIMO Property Management. PRIMO Property Management is a fully fledged ANUK approved management company that goes beyond the management of physical buildings. Primo also caters for the learning needs of students through EdYOUcate which is an exclusive virtual learning environment.

Forshaw Land developments

Alexandra House, Nottingham IN CONSTRUCTION

Halley House, Nottingham NEW LAUNCH

An extensive refurbishment project of a former hotel, Alexandra House will comprise 23 spacious studios designed to the high standard now expected of private studio accommodation.

Built by an experienced student accommodation developer, this four-storey 61-unit residence is perfectly located for students studying at either of Nottingham’s presigious universities.

Prices start at £44,950 and investors will receive 10% NET rental yields for the first year.

Prices start at £49,950 and investors received 9% assured NET yields for the first 2 years.

Completion Date: August 2013

Completion Date: Q1, 2014

Market Leaders in Worldwide Property Investment www.knightknox.com | +44 (0)161 772 1370