Optima GREEN CLOSE LANE LOUGHBOROUGH LE11 5AS SECURE LONG-LET STUDENT ACCOMMODATION INVESTMENT

Transcription

1 SECURE LONG-LE SUD CCOMMODION INVESM

2 Excutiv Summary Optima Loughborough Univrsity was awardd h Bst Studnt Exprinc in th UK for by h ims Highr Education (HE) and rankd 6th out of 0 UK Univrsitis in both HE and h Guardian 018 Univrsity Lagu abl. Dvlopd by Watkin Jons in 008/9, th schm compriss 61 slf-containd high quality s. Opratd by Frsh Studnt Living, th schm is Loughborough s only ddicatd 100% schm. Locatd in th Goldn riangl studnt district, boundd by th town cntr and Loughborough Univrsity Campus. Lt to Swiftmatch Limitd on a Full Rpairing and Insuring las until 18th March 030, providing approximatly yars unxpird. Parnt company guarant from th formr main trading company, Watkin Jons Group Limitd. h las is subjct to annual rnt rviws linkd to RPI with a collar of % and 5%. h 31st March 018 rnt rviw has bn documntd at 05,16.16 pr annum, rflcting an avrag 6,63 pr annum pr. h proprty has bn 100% occupid sinc opning and is alrady clos to bing fully lt for th Sptmbr 018 acadmic yar. W ar instructd to sk offrs in xcss of 6,610,000. purchas at this lvl rflcts a Nt Initial Yild of 5.5%, assuming purchasrs costs of 6.6%.

3 1. Studnt Bhiv (h Block). Unit (Watrway) 3. Condor Proprtis (Hays partmnts). CRM (h Cub) 3 Sprint bus srvic DERBY RD SHBY RD Loughborough Univrsity School of rt & Dsign LN 1 MRKE S LOUGHBOROUGH OWN CRE

4 Location Loughborough is situatd in th county of Licstrshir, approximatly 18 mils from th city of Licstr, and 16 mils from Nottingham. It has a population of approximatly 59,31 popl. Loughborough is host to two major Highr Education Institutions, bing Loughborough Univrsity and Loughborough Collg. h proprty is positiond at th hart of th rnownd Goldn riangl studnt district situatd btwn th town cntr and Loughborough Univrsity Campus. Loughborough Univrsity is locatd 0. mils (15 minuts walk) to th wst of th proprty. M 38 DERBY 50 East Midlands irport 511 J6 M1 NOINGHM J5 53 J J3a LOUGHBOROUGH J3 M1 J LEICESER S NV: LE11 5S 00 5 Loughborough Univrsity 00 EPINL WY DERBY RD SHBY RD Loughborough Collg 00 BRIDGE S Optima LOUGHBOROUGH WOOD GE 00 MEDOW SOUHFIELD RD rain Station 0 LEICESER RD 0 Grn Clos Lan is srvd by a Sprint Bus srvic which runs from outsid th proprty vry minuts with a journy tim of minuts. 5 NUNEON M69 J1 M1 Sprint Bus Srvic 00 FORES RD Loughborough Railway Station is locatd approximatly 0.8 mils to th north ast of th proprty. It srvs Nottingham and Drby to th North and London and Licstr to th South. h fastst journy tim to London St Pancras Intrnational is just 1 hour 19 minuts.

5 Dscription h proprty was rdvlopd and xtndd during 008/9 to compris 61 slf-containd high quality s arrangd ground, first and scond floors. h building is on-half of a collg which was originally built by Loughborough Univrsity s foundr Sir Hnry Schofild in It was usd as th primary sit for th ralisation of his vision to crat an industrial factory whr th practical application of manufacturing tchnology could b taught. h Gross Intrnal ra is approximatly,3 sq ft (,1.0 sq m). h rooms ar finishd to a high standard and ar ach appointd with kitchns, n-suit showr rooms, doubl s, lathr furnitur and fittd dsks with intrnt accss. h room sizs rang from 18 to 33 squar mtrs. 1 of th rooms on th uppr floors hav a gallrid which giv th rooms a loft typ fl. Facilitis on sit includ: Budgt for th 018/19 cadmic Yar Catgory pprox. Room siz (Sq m) No. of s Rnt pr wk nancy wks nnual rnt Bronz ,000 Silvr ,500 Gold ,600 Mzzanin ,000 Prmium Mzzanin ,800 otal 61 5,900 Lift Srving ll Floors Scur Bicycl Storag On Sit ccommodation Managr Laundry Room CCV h rooms ar ach appointd with kitchns, n-suit showr rooms, doubl s, lathr furnitur and fittd dsks with intrnt accss. Sinc its opning in 009, th schm has njoyd rntal growth at or in xcss of th incras in th Rtail Prics Indx. h schm is opratd by Frsh Studnt Living, a wholly ownd subsidiary of Watkin Jons Plc. Furthr information including dtails of currnt availability is availabl on co.uk/proprty/optima/viw/

6 Loughborough Univrsity Loughborough Univrsity is rankd 6th out of 0 Univrsitis in both h Guardian and h ims Highr Education (HE) 018 Univrsity Lagu abl. It was also awardd h Bst Studnt Exprinc in th UK by HE in 018. Loughborough Univrsity had a total of 1,95 full-tim studnts in th acadmic yar. h Univrsity has a rputation for xcllnc in rsarch and sporting achivmnt, boasting a 0 acr singl-sit campus with 68.5 acrs playing filds. In 015 Loughborough opnd a scond campus on Qun Elizabth Olympic Park in London. h narby Loughborough Univrsity Scinc and Entrpris Park (LUSEP) incorporats 0 organisations mploying,000 popl. Wilson Bowdn hav announcd proposals for a 90 acr Hi-tch Businss Park as an xtnsion of th LUSEP. Click hr to watch th Loughborough Univrsity vido Loughborough Studnt ccommodation Studnts % of full tim studnt population 6 th 6 th Studnts Living in Univrsity Halls of Rsidnc 5,666 3.% HE BES SUD EXPERIENCE IN 018 BES SPORING UNIVERSIY IN HE WORLD 01 GURDIN UNIVERSIY LEGUE BLE 018 IMES HIGHER EDUCION 018 Studnts Living in privat sctor purpos built studnt accommodation 1,8 8.% GOLD ECHING EXCELLENCE FRMEWORK 1 st IN ENGLND NIONL SUD SURVEY 01 6 th nd IN HE BLE OF BLES IMES HIGHER EDUCION 01 Studnts unabl to accss univrsity or privat sctor accommodation otal Loughborough full-tim Highr Education population 8, % 15,15 100%

7 Sit h sit xtnds to approximatly 0.6 acrs (0.091 hctars).

8 OR RCHIECURE ND DESIGN Shffild Rv B S1 EP Lan and Orchard Strt changd to rd brick. Rainwatr down pip on Orchard Strt rlocatd. Bay windows addd to cornr, minor amndmnts to fnstration. Floor plans disabld wc Lift SFE CCESS ROUE 1,565 Mid corridor door 1 3 thro' roof 1,19 mal toilt Bin Stor m m 1.0 fmal toilt.0 15 Cycl Stor,39 59 scap Escap 0.09 m SFE CCESS ROUE , BM 3.5 6m 8 u Ho do Sit Boundary FIRS FLOOR PLN ONE High Court Cham -6 High Cour Shffild S1 EP Foyr Comms Room GROUND & FIRS 19 Lobby Ground floor st back 900mm to Loughborough Collg /35 frontag of Orchard Strt. Rfurbishmnt & Matrial of ground floor to Grnclos Extnsion for Studnt Lan and Orchard Strt changd to ccommodation rd brick. drawing no: drawing titl: Rainwatr down pip on Orchard Strt rlocatd. P00B Ground & First Bay windows addd to cornr, minor Floor Plan amndmnts to fnstration. 19/03/08 drawn by: approvd by: Escap stair to Orchard Strt st1 0 PF adjacnt back to lin up with proprty. dat: scal: Minor intrnal modifications to suit. Nov 00 3 Managrs Offic u Ho do SCLE BR Stair Lobby h Schofild Cntr BM 3.5 6m 1 HIRD FLOOR PLN Scond Floor GROUND FLOOR PLN 3.5 6m Existing Church Nursry Function Room KING'S CHURCH h Schofild Cntr /35 drawing no: P003B projct titl: Loughborough Collg Rfurbishmnt & Extnsion for Studnt ccommodation drawing titl: Scond & hird Floor Plan drawn by: dat: scal: Nov 00 drawing status : Planning Church Foyr.50 Stair disabld wc lobby Lift.65 Ent Lobby Mid corridor door 1 3,39 mal toilt thro' Cycl Stor 5 9, m 6, m Bin Stor 59 0 roof m m m 58 fmal toilt Sit Boundary Rv C SFE CCESS ROUE 1,565 scap Escap hird Floor 0) stair 1 SFE CCESS ROUE approvd by: PF Escap projct no: SECOND & HIRD rvision: 5,099 BM RvS1B EP Ground floor s l: 011 frontag of Orc Fax: 011 Matrial grou of post@s Lan and Orcha rdwww.1a brick. Rainwatr down Strt rlocat Bay windows ad amndmnts to 1,19,5 1,5 50 RD 0 1,19 Lobby Ho udo Nw build a 5 rvision : Rv Critical dimnsi Mtric scal add Nw Build andon R indicatd. Extrnal and Int addd Entran Highat Court Ch Sction -6lins High ad Co Planning - ll rights rsrvd by SUDIO - No part of this publication ma transmittd in any form or by SUDIO ONE: RCHIECURE Do not scal off drawing ll dimnsions to b chckd Rfurbishmnt SUDIO ONE : RCHIECURE Shffild First Floor,38 3 Escap 0/0/08 projct titl: Rv B projct no: B 1 Lift dat : Critical dimnsions addd. Mtric scal addd. Nw Build and Rfurbishmnt Works indicatd //0 Rv Stair Function Room rvision: 11 Function Room rvision : ,39 10 Lift Escap 9 B h Schofild Cntr SREE ofild Cntr 53 8 Rv C 5 l: 011 Fax: post@stu 6 0) 51 5 Nw build drawing status : Rfurbishmnt Ground Floor a 0.03 m 58 3 Do not scal off drawing ll dimnsions to b chckd on sit a Stair Ent Lobby 5.8 m 5 9, , ll rights rsrvd by SUDIO ONE : RCHIECURE & DESIGN - No part of this publication may b rproducd, stord in any rtrival systm or transmittd in any form or by any mans without th prior prmission of SUDIO ONE: RCHIECURE & DESIGN Existing Church Nursry Function Room Church Foyr Escap lobby stair 1 1 Escap stair to Orchard Strt st back to lin up with adjacnt proprty. Minor intrnal modifications to suit. Intrnal altrations to accommodat Flood accss rout to s at SUDIO ONE : RCHIECURE ND DESIGN ground floor fronting Orchard strt. KING'S CHURCH hofild Cntr ramp 8,50 ofild Cntr RD RD SREE SREE 0 19/03/08 Rv C Ho udo SCLE BR a Ho udo 0/0/08 Ground floor st back 900mm to l: frontag of Orchard Strt. Fax: Matrial of ground floor to Grnclos post@1architcts.com 8 Ho udo Escap stair to back to lin up proprty. Minor intrnal m Intrnal altrati Flood accss ro SUDIO ONE : RCHIECU ground floor fro - ll rights rsrvd by S - No part of this publicatio transmittd in any form o SUDIO ONE: RCHIEC Do not scal off drawing ll dimnsions to b chc a 0 R N a 19 SREE 18 RD , RD S RR ED E SREE 11 Roof 10 Roof Ho do 9 8 dat : GROUN rvision : Rv Critical dimn Mtric scal a Nw Build and indicatd. Rv B projct no: Ground floor /35 frontag of O Matrial of gr Lan and Orc rd brick. drawing no: Rainwatr do Strt rloca P00B Bay windows amndmnts Rv C rvision: 6 rvision : 6//0 Rv Critical dimnsions addd. Mtric scal addd. Nw BuildONE and Rfurbishmnt Works indicatd. Extrnal and Intrnal Floor Lvls addd at Chambrs Entrancs. High Court Sction lins addd. -6 High Court 5 u SCLE BR ramp 8, Optima 0 Escap stair t back to lin u proprty. dat: Minor intrnal Nov 00 drawing status :

9 nur Covnant Covnant Frhold. Part of th sit is hld as a flying frhold. Furthr dtails ar availabl on rqust. nancy h proprty is lt on Full Rpairing and Insuring rms to Swiftmatch Limitd until 18th March 030, providing approximatly yars unxpird. h las is guarantd by Watkin Jons Group Limitd, th formr main trading company and now a holding company within Watkin Jons Plc. h 31st March 018 rnt rviw has bn documntd at 05,16.16 pr annum, rflcting an avrag 6,536 pr annum pr. h las is subjct to annual rnt rviws on 31st March linkd to Rtail Prics Indx figur publishd in January with a collar of % and 5%. Watkin Jons Group Ltd (Company Numbr ) Watkin Jons Group ar th formr main trading company for th group. Watkin Jons Plc acquird th ntir issu shar capital of th company on 15th March 016 as part listing on th IM indx on 3rd March 016. s a rsult, th group was rstructurd and Watkin Jons Group Ltd is now a holding company. h latst publishd accounts show that thr ar 61 activ subsidiary companis blow Watkin Jons Group Ltd in th company structur, including dvlopmnt companis, proprty ltting and managmnt companis. hs includ both Frsh Studnt Living Ltd (studnt accommodation managmnt company) and Fiv Nin Living Ltd (build to rnt managmnt company). hir latst st of accounts ar summarisd blow: FYE 30/09/016 FYE 30/09/015 FYE 30/09/01 urn 55,1,000 55,33,000 Profit bfor tax Sharholdrs Funds 19,05,000 9,53,000,503,000 11,66,000 1,866,000 89,63,000 h Watkin Jons Group is on of th UK s lading construction and dvlopmnt companis. Establishd in 191, Watkin Jons has grown stadily two cnturis to bcom on of th most succssful and rspctd nams in th building, proprty dvlopmnt and construction industris. Watkin Jons is highly xprincd in dlivring nw dvlopmnts, ranging from homs to commrcial, industrial and mixd us schms and has succssfully dlivrd mor than 5,000 studnt units throughout th UK sinc Mor rcntly th group has targtd th build-to-rnt sctor as part of an ambitious growth stratgy. h latst st of accounts Watkin Jons Plc ar summarisd blow: FYE 30/09/01 FYE 30/09/016 urn 301,91,000 66,980,000 Profit bfor tax 3,8,000 13,6,000 Sharholdrs Funds 6,31,000 10,3,000

10 % V h proprty is not lctd for V. EPC h proprty has an EPC rating of D (96). Proposal W ar instructd to sk offrs in xcss of 6,610,000. purchas at this lvl rflcts a Nt Initial Yild of 5.5% assuming purchasr s costs of 6.6%. Yild Profil Min (%pa) Long trm avrag (.9%pa) Max (5%pa) 9.85%.8%.15% Contact Jonathan Dvany jonathan.dvany@knightfrank.com Bn Wishr bn.wishr@knightfrank.com Knight Frank LLP 1 Colmor Row, Birmingham B3 BJ Josh Woolly Studnt Proprty josh.woolly@knightfrank.com Charls Fltchr Spcialist Proprty Invstmnt charls.fltchr@knightfrank.com Knight Frank LLP 55 Bakr Strt, London W1U 8ED Data Room ccss to th data room is availabl on rqust. Important notic. Particulars: hs particulars ar not an offr or contract, nor part of on. You should not rly on statmnts by Knight Frank LLP in th particulars or by word of mouth or in writing ( information ) as bing factually accurat about th proprty, its condition or its valu. Nithr Knight Frank LLP has any authority to mak any rprsntations about th proprty, and accordingly any information givn is ntirly without rsponsibility on th part of th agnts, sllr(s) or lssor(s). Photos tc: h photographs show only crtain parts of th proprty as thy appard at th tim thy wr takn. ras, masurmnts and distancs givn ar approximat only. Rgulations tc: ny rfrnc to altrations to, or us of, any part of th proprty dos not man that any ncssary planning, building rgulations or othr consnt has bn obtaind. buyr or lss must find out by inspction or in othr ways that ths mattrs hav bn proprly dalt with and that all information is corrct. V: h V position rlating to th proprty may chang without notic. Knight Frank LLP is a limitd liability partnrship rgistrd in England with rgistrd numbr OC Our rgistrd offic is 55 Bakr Strt, London W1U 8N, whr you may look at a list of mmbrs nams. pril 018. carv-dsign.co.uk 133 KnightFrank.co.uk