KIRKSTALL DESIGN CENTRE PRIESTLEY HOMES

The imaginative conversion of quality duplex-studio, 1 bedroom and 2 bedroom apartments.

Achieve a 14% discount Kirkstall Design Centre from developer prices. By Priestley Homes

Priestley Homes are proud to present Kirkstall Design Centre is the their latest exciting student development, latest scheme to be introduced by located in Kirkstall, North - close experienced local developers Priestley to the vibrant student community of Homes who specialise in the conversion and less than 2.5 miles from of historic buildings. the city centre. Kirkstall Design Centre complements Converted from an historic former mill Priestley Homes’ expansive portfolio of and more recently home to a design previous developments in the north of England including Quebec St, The Grand luxury apartments including 2 bedroom, Mill and Airedale House in , 1 bedroom and self-contained studios of Boyds Mill in Leeds, Stableford Hall which there are a limited number of deluxe and Sartoria Court in and mezzanine studios. All apartments have the Boat House in , and forms been designed to maximise space and part of a future development pipeline set to deliver circa 700 new homes in the The interiors represent the latest in design next 2 years. and functionality. Fully managedbyan with localpresence experienced team Investment ‘Turn Key’ Your Investment yields of7%andabove. and strong rentalvaluesdelivernet accommodation. Competitivepricing historical undersupply of suitable student population coupled with a is driven by the burgeoning local Strong tenant demand in the area building in a riversidesetting. in a beautiful Grade II listed stone contemporary apartments smart, investors animpressiverangeof the UKnationalaverage Net yieldsabove Yielding High and rangefrom250–700sqft. and 2 bedroom studio, 1bedroom as apartment. Apartmentsareavailable contained, fully furnished studio at just £76,496 start Prices for aself- 34th and38threspectively.” Birmingham and Manchester ranking population in the UK up to 2020, with growing 7th resident the fastest analysts Savills,“Leedswill have According to respectedproperty Leeds hasagrowing student population of over50,000 Demand High in equityonday 1! Secure upto £26,249 Developer Price Group Buying Power

The Opportunity

Investing in property is now seen as Using the power of group buying, the number one way to provide long North Property Group have been able to negotiate a large discount of 14% for than 50% of the names mentioned on all North Property Group members. The Times Rich List made their money 14% Group through property investments. A discount of this size would normally only be available to bulk buyers or The best time to invest in property large institutions where they would look to acquire a large number of Buying Discount plan’ allows investors to purchase at units in one purchase, in this case, 72. the lowest possible price and with the As a North Property Group client, you can highest possible potential.

North Property Group Price £85,716 1 & 2 Bed Examples 5 Yr Financial Breakdown

1 BED 2 BED Example 1 Bed*

Purchase price £85,716 Purchase price £136,956

Reservation fee (includes 1,000 admin fee) £5,000 Reservation fee (includes 1,000 admin fee) £5,000 YR1 YR2 YR3 YR4 YR5 25% Due at exchange of contracts £16,429 25% Due at exchange of contracts £29,239 75% Due at completion £64,287 75% Due at completion £102,717 RENT PA £7,260 £7,550 £7,852 £8,167 £8,493

Rent pcm £605 Rent pcm £930 DEDUCTIONS £1,252 £1,302 £1,354 £1,408 £1,465 Gross rent pa £7,260 Gross rent pa £11,160 5 YR INCOME NET RENT PA £6,008 £6,248 £6,498 £6,758 £7,029 Annual service charge £572 Annual service charge £619 £32,541 Management fee £436 Management fee £670 NET YIELD 7.01% 7.29% 7.58% 7.88% 8.20% Ground rent £250 Ground rent £250 Total charges £1,257 Total charges £1,539 ASSET VALUE £85,716.00 £89,144.64 £92,710.43 £96,418.84 £100,275.60 5 YR UPLIFT £14,559.60 Net income £6,003 Net income £9,621 Net yield 7.00% Net yield 7.03% ROI (70% LTV) 23.36% 24.30% 25.27% 26.28% 27.33% Airedale House BRADFORD

The Grand Mill BRADFORD Award Winning Developer EST. 2012

Priestley Homes specialise in Priestley Homes are part of the conversions and have an excellent successful Priestley Group which regularly achieve market leading track record of delivering projects on includes Priestley Construction who yields often well above the national time and to an exacting standard. With will be principal contractor on the an extensive portfolio of conversion project. In house expertise and a a new build property that is a truly Priestley Homes Priestley schemes ranging from small, luxury hands-on approach ensures that ‘turn-key’ investment producing great developments such as Stableford Hall, rigorous attention to detail is adhered returns and capital appreciation. Manchester and Boyds Mill, Leeds, to to throughout the build process. large residential apartment schemes with projects in the pipeline which Our primary business is the acquisition will deliver 700+ new homes over the next two years. Other completed we then convert into residential developments include Airedale House, apartments. We work hard to The Grand Mill and Quebec Street in ensure our developments are in very Bradford, Sartoria Court in Manchester, the Boat House in Liverpool and multiple John Street projects in . investment properties. SUNDERLAND Priestley Lettings was established We provide unrivalled property in 2012 with the aim of providing heart of Leeds city centre and our marketing coupled with an expert an unparalleled service in the West Bradford branch situated directly team of property professionals that Yorkshire student and professional opposite the university, we are ideally ensure our clients are taken care of property sectors. By understanding placed to market and manage both throughout the lettings process. By

what our client, the landlord, student and professional properties. constantly evolving our marketing Lettings Priestley required from our services, we could With years of experience in the techniques, we ensure our clients concentrate on what our tenants property trade and extensive local properties stand out in the busy require, which in turn helped us meet knowledge of , we marketplace. our client’s objectives. After all, the lettings process is a two-way street. service, acting in the client’s best interest at all times; if our client is not happy, then neither are we. We work hard to ensure our developments are in very specific locations which result

apartments perfect investment properties.

14 Leeds is the largest financial District outside of London

16 17 “ Further enhancing Leeds’s Why Invest in Leeds?

significance as a business hub is Centre for Business Centre for Commerce Centre for Infrastructure

The city of Leeds has a population the ‘Local Growth Deal’ agreed of 780,000 people and has the multinationals such as BT, Barclays, and international brands and from Leeds Bradford Airport directly fourth largest urban economy in KPMG and IBM and second in the shopping institutions such as serve major cities in the UK & Ireland the UK. It forms a central part of the UK only to London, for the scale and Victoria Gate – anchored by the as well as most EU countries with with the Government in 2014 Leeds City Region, a conurbation second largest John Lewis store in further worldwide links via the hubs with working age population of 1.9 sectors. The business services the country, The Corn Exchange, of Amsterdam and London. Carriers million, economic output worth £55 sector of the city region is forecast Trinity Centre and Harvey Nichols. include major airlines British billion and a contribution of 5% of to grow by 51% and £5.2billion by Airways and KLM, plus budget which will see investment of 1 2 the UK’s Gross Value Added (GVA). 2022. The completion of Phase Centre for Education & the Arts carriers Jet2 and FlyBe. The city is 2 of the Government’s proposed accessible by major motorways, £1 billion in local businesses.” The region’s economy has grown by hs2 rail network will create a link With 2 major universities, Leeds has the A1 (M), M62 and M1 and has from the capital in under 1hr an estimated student population of comprehensive rail connectivity expected to accelerate by 8.8% over 30 minutes3 and is projected to over 50,000. Leeds University alone with all major cities via Leeds create up to 70,000 employment has 33,000 from a community central station, the busiest outside region is still forecast to see positive opportunities.4 Further enhancing London with 90,000 passengers per employment growth over the next is a member of the prestigious day using the facility. Manchester hub is the ‘Local Growth Deal’ Russell Group of universities.5 The Piccadilly is 1hr, Birmingham New expected to grow by 5.6% over the agreed with the Government in city boasts the Royal Armouries, Street is 1hr55 and London Kings 2014 which will see investment of Grand Theatre and Opera House, Cross is 2hr15. £1 billion in local businesses. Leeds Art Gallery and City Museum amongst its many attractions.

(1) the-lep.com (2) the-lep.com (3) BBC.co.uk (4) hs2.org.uk (5) leeds.ac.uk “ Only 24% of students can be housed by Leeds - A Student City universities in Leeds”

Student property investments have Leeds boasts the fourth largest student The three mains universities in been the UK’s strongest performing population in the UK with around Leeds and the new Leeds Arts asset class, outperforming all other 200,000 in total. This population, University ensure outstanding investment opportunities in the combined with the increasing amounts potential for student investment. As commercial sector for the last 5 years. of 2017, research shows Leeds has the city present a huge opportunity for one of the highest student to bed property investment across the board. ratios, with 3.18 students per bed!

“ Leeds University is over 100 years old, and ranks in the top 100 in the world” 01 Kirkstall Abbey (0.9 mi) 08 Leeds City Museum (3.0 mi)

02 Gotts Park Public Golf Course (1.2 mi) 09 The Grand Theatre & Opera House (3.5 mi)

15 Min 03 Arndale Centre (1.2 mi) 10 (3.2 mi)

Walk 04 Hyde Park (1.9 mi) 11 (3.6 mi)

05 University of Leeds (2.2 mi) 12 02 Academy Leeds (3.0 mi)

13 First Direct Arena (3.5 mi) Location Situated only 2.5 miles from the city centre, Kirkstall Design Centre is within easy access 07 Leeds Art Gallery (2.7 mi) 14 St. James University Hospital (4.3 mi) of the main university campuses as well as the theatre, museum and gallery quarters and all major retail and nightlife.

In nearby Headingley - which is home to a large majority of the student population - an abundance of restaurants and bars can be found plus the Arndale shopping centre, cinema and popular sports venues including the Yorkshire County Cricket club.

Other nearby amenities include Kirkstall Valley Retail Park, Morrisons Supermarket, Halfords, Kirkstall Leisure Centre and Gotts Park golf course.

There is a bus stop adjacent to the development, with services to the city centre leaving every 20 minutes. National rail links are established in nearby Headingley " Located in the popular student district Station, which is a walk away at 0.5 miles and serves the centre every 30 minutes. of Kirkstall, and with shopping and easy transport links right on it’s doorstep, Kirkstall Design Centre will always be in high demand" KITCHEN BATHROOM(S) FURNITURE PACK

• Oven • Basin Mixer & Shower Set • Living Electric fan oven

• Hob • WC, Washbasin & Shower Tray 2 ring electric hob. Ceramic, • Bedroom ¾ bed with leather headboard, • Vanity Unit mattress, double wardrobe, • Washing Machine* With mirror 3 drawer chest, desk & chair *except studios • Tiling • Integrated Fridge/ Freezer ice box

• Sink WOODWORK & PAINT Stainless steel sink and drainer Specification • Flooring • Extractor Stainless steel extractor fan above hob • Doors Oak foil doors with stainless steel • Wall Units ironmongery

• Skirting • Worktops 4” satin white COMMUNAL Square cut laminate, • Architraves • Entrance 3” satin white • Appliances Large white tiles. Post boxes • Walls / Ceilings kettle & toaster, microwave • Corridors Matt white Carpeted

• Access Key code & Intercom entry systems

KIRKSTALL DESIGN CENTRE

DISCLAIMER & NOTICE: The material contained within this document has been prepared for information purposes only. Information contained herein is not expressed are subject to change without prior notice. Information contained herein is believed to be correct, but cannot be guaranteed. In case of queries or doubt you should consult an independent investment adviser. No personal recommendation is being made to you and the past is not necessarily a guide to the future. All images used are for illustrative purposes only. REACH OUT TO US:

01134264444 [email protected] www.northpropertygroup.co.uk 41 The Calls, LS2 7EY