Harold Place - Investment Opportunity - Webflow
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Harold Place. Investment Opportunity.
Executive Summary. Harold Place is located 0.7 miles away from the University of Leeds and is situated in a desirable student area. The development opportunity is to convert a commercial and residential unit into three self contained 3 bedroom homes. The building works will be completed in time for the new 2020/21 academic year, ensuring that the new properties can be let out. Finally, the property will be sold enabling the exit for the UOWN crowd. The project term is 12 months and the projected return is 14.05%. Key Facts. Project Term: 12 Months Project Return: 14.05% UOWNers Contribution: £471,100 02
About Leeds &
Hyde Park.
Leeds is today recognised as one of
the fastest-growing cities1 in the UK Burley Train
and is looking to make an impact Station Hyde Park
on the global stage. Contributing Corner
£66.5 billion to the UK economy2, Leeds Arts
Leeds boasts the largest financial, legal University
and digital sectors outside London and
welcomed 29 million tourists to the city
32 - 34
in 2017, who pumped £1.7 billion into the
Harold Place
local economy.
University
of Leeds
A rising population is seeing an average house price
of £192,530 in Leeds, up 5% on the year previously3, with Leeds Beckett
experts predicting a 20.5% price growth over the next 5 years University
for the Yorkshire region4, against a national average of 14.8%.
Leeds is attracting a lot of interest with HS2 in the pipeline and will
soon be home to Channel 4 and HMRC.
On the edge of Leeds City Centre, Hyde Park is within a stones throw of the
university district. Due to its location and a significant number of bars and arts
venues, Hyde Park has proved to be hugely popular with students throughout the Leeds Train
city. It also has a number of green spaces nearby too, so everyone is catered for! Station
32 - 34 Harold Place, LS6 1PQ
Brudenell Social Club, LS6 1NY
Hyde Park Picture House, LS6 1JD
03
Financial Summary 01. *Forecasts are not a reliable indicator of future results. Percentage Figures are to the nearest whole % 04
Financial Summary 02. UOWNers will be paid a dividend payment of 50% of the net profits from this development. This is projected to be 14.05%, but real returns may be higher or lower. *Forecasts are not a reliable indicator of future results. Percentage Figures are to the nearest whole % 05
Timeline. Renovation works will start on the site in the new year and are scheduled to complete by the end of June. Parklane Properties will market the properties to the student rental market from the beginning of March, with the target of securing tenants for the 2020/2021 academic year by the start of August. We plan to sell the property to the investment market with income secured for the 20/21 academic year, with a projected sale by the end of the year. Construction Tenanting Sales *Forecasts are not a reliable indicator of future results. 06
Market Analysis.
Property prices for student rental properties are derived test comes from taking a rental figure of £120 pppw which
from the rental return an investor can expect to receive translated to a sales price of £702,000. We have based our
from the property. After consulting local estate agents calculations in the middle of the two estimates.
we know that buyers expect an 8% return on newly
refurbished properties in the area. We will be targeting a minimum of £110 pppw and we will
endeavour to get the going market rate for rent. Below we
Using a conservative rental price of £100 per person have listed and linked similar properties on the market to
per week (pppw) we obtained a lower valuation for the demonstrate our assumptions are achievable.
property of £585,000. The upper value in our stress
Harold Mount
Royal Park Avenue
Brudenell View
Chestnut Grove
Moorland Avenue
07Plans.
Currently the property is comprised of a commercial unit on the ground floor and
residential space on the two floors above. The plans are to convert the building into
three self-contained three-bed apartments, one on each of the floors. Each floor will
have stylish new kitchen-living area, and three double, en-suite bedrooms.
First floor Second floor
08Plans.
Basement Ground Floor
09Interior Mood.
The interiors of the development will be completed
to the same standard as our past ‘Village Street’ and
‘Burley Refurbs’ developments. The contemporary
refurbishments complete with high quality kitchens
and bathrooms, including walk in-rain showers, have
been a hit with tenants and investors.
10Parklane Group.
Founded in 1979, The Parklane Group has earned a Parklane Group owns a fifty percent stake in UOWN.
reputation for being a market leader in property and This means that they can give our investors access
leisure over the last four decades. to opportunities that would not normally go to the
market. This also represents a risk of a conflict of
The Parklane group has a substantial property interest. To mitigate this risk extensive due diligence
holding in the UK, with family values and the drive is carried out on every investment opportunity,
to break boundaries with constant innovation to including those introduced by the Parklane Group.
create outstanding functional spaces at the heart of
everything they do.
40 years experience in the property market.
Parklane Properties is now the largest independent
agent for student property in Leeds with over 1000
properties, each is fitted to the highest standard.
The Parklane Group have a wide variety of
exciting developments in our pipeline under a
number of brands including Roomzzz aparthotels,
ICONINC luxury student accommodation, and
the very ambitious INC scheme. Their carefully
curated portfolio offers a range of highly desirable
investment opportunities. Parklane Group’s wealth
of experience and their commitment to viable and
sustainable investments means that UOWN are very
excited to bring some of their opportunities to
our investors.
11Investment Precaution.
Loss of Capital. Illiquidity.
Investing in this project puts your capital at risk. When investing in this opportunity your funds will
The project costs or sale price may differ from the be tied up until the site has been refinanced. This
amount forecast, so returns may be different from projected completion date is the 31st of January
those projected and you may lose some or all of 2021. Actual completion may be earlier or later
your capital. than this date.
We have built in a 10% contingency allowance No financial advice.
into the forecast to account for any unexpected
increases. Our sales price has been backed-up by UOWN do not provide financial advice or
extensive market analysis and we have provided a recommendations and nothing in this document
stress test showing how returns will differ over a is intended as investment advice. If you are not
range of sales prices. sure whether or not investing in this opportunity
is right for you, you should seek the advice of an
independent financial advisor who is authorised
Delay of the project.
under the Financial Services and Markets Act
One of the risks of property developments is that 2000.
the construction or exit may take longer than Sources.
anticipated. This means you may have to wait to
1. https://www.theguardian.com/business/2018/mar/21/north-midlands-england-
receive your funds. jobs-growth
2. http://investleedscityregion.com/system/files/uploaded_files/20895_LP_ON-
We have forecasted the length of this project LINE%20GENERIC%20PROSPECTUs_V2%203%20%281%29.pdf
using conservative estimates at each stage of the
3. https://www.yorkshireeveningpost.co.uk/news/visitor-numbers-soar-in-record-
process. We have allowed six months for the sale year-for-tourism-in-leeds-1-9244788
of the property and set aside sales agent fees
4. https://www.rightmove.co.uk/house-prices/Leeds.html
of 1.5%, in order to encourage a timely exit for
investors.
*For more information refer to our full risk warning - www.uown.co/risk-statement 12About. UOWN is a platform offering anyone the ability to invest and potentially earn money from property at the click of a button. Giving the ownership of UK property back to the people. House prices can fall as well as rise and you may not get back all of the money you invest. Rates of return quoted on our website are estimates only and are not guaranteed. Investments are not protected under the Financial Services Compensation Scheme. UOWN is a trading name of U Own Exchange Limited, an appointed representative of Resolution Compliance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN: 574048). UOWN, 3rd Floor, Northgate, 118 North Street, Leeds, LS2 7PN. www.uown.co End
You can also read
