Redeness Street, York

REDENESS STREET, YORK

INVESTMENT OVERVIEW

LAYERTHORPE ‘‘

OVERVIEW REGENERATION WHY INVESTING IN YORK MAKES SENSE “York is one of the most popular cities in the north of England. It’s history, architecture, Education and accessibility 62 UNITS | EXPECTED 2022 make it a place where people aspire ICONA II, MODERNISTIQ Alongside being frequently ranked as one ‘‘ to live or invest into. There is huge of the best places to live in the UK, York is Plans for the second phase of the Icona development regeneration happening in certain also the second largest tourist destination include a dedicated concierge service and on-site gym. parts of the city which is helping the Situated directly opposite the current site, residents’ will surpassing the likes of London, Manchester expansion of the vibrant centre.” benefit from different amenities within each site. and Birmingham attracting over 7 million visitors a year from the UK and overseas. | TOBY COCKROFT, CROFT RESIDENTIAL

Take a closer look at the Layerthorpe area and you will identify multiple sites that have been earmarked for large residential and commercial schemes by different developers.

Vast regeneration projects are already well underway and are set to entirely transform this region of York city centre. Previously a semi- 215 UNITS | EXPECTED 2021/2022 98 UNITS | DUE 2020 industrial area, Layerthorpe is rapidly on its’ THE GAS WORKS, NORTH STAR IQ, MAPLE GROVE DEVELOPMENTS way to becoming a vibrant, highly sought after The Gas Works is just one of the key developments Neighbouring the Icona site is the upmarket student area for buyers, tenants and businesses alike, situated over the road from Icona. Comprising studios, development, IQ. The development will meet the with prices expected to rise significantly once one, two and three bedroom apartments and duplex needs of overseas students seeking higher quality development is complete and has matured. apartments, The Gasworks will offer York a new accommodation and with a predicted value of over standard of luxury living, situated within nine acres of £9m once completed, this will further contribute to the carefully landscaped grounds. ongoing regeneration of York’s Layerthorpe area.

112 UNITS | EXPECTED 2021/2022 450 UNITS | EXPECTED 2021/2022 650 UNITS | EXPECTED 2021/2022

STUDENT DEVELOPMENT, URBANITE HEWORTH GREEN, MODA LIVING FOSS ISLAND, MULTIPLE DEVELOPERS

Plans for a new student development have been Heworth Green will form part of the transformation of Plans for a significant residential development submitted which would form the second phase of the the derelict 9-acre gasworks site into a dynamic new comprising of nine development blocks and a wealth already well established Coal Yard. The scheme will be neighbourhood. A residential community that will re- of public and private amenity space are expected to be carefully crafted to create a high quality contemporary connect existing surroundings with new pedestrian and given the go ahead shortly. Made up of one, two and building which harmonises with the surrounding cycle links, shops, cafés and community spaces. three bedroom apartments and town houses, Foss Island developments. will occupy over six acres of land.

‘‘ £77M CITY CENTRE ‘‘ AMENITY & Icona is located in a highly connected part REGENERATION UNDERWAY DEVELOPMENT of York Centre, within 10 minutes reach of the city’s major employment zones and IN EVERY under 10 minutes walk of the city’s popular DIRECTION bar and leisure offerings. The York Central Partnership has welcomed the government’s The infrastructure will unlock brownfield land with significant confirmation of the £77.1m funding from Homes England and access problems and allow the development of up to 3,705 Network Rail to help to unlock the homes, better paid jobs and homes; up to 1.2 million square feet of commercial development 01 ICONA II 04 HEWORTH GREEN community spaces on a 45-hectare brownfield site in York city including 80% Grade A offices and an enhancement of the setting centre. and access to the National Railway Museum. 02 IQ 05 FOSS ISLAND The funding is a major piece in a £155m funding package put 03 THE GASWORKS 06 STUDENT DEVELOPMENT “The funding is a vital step to unlocking together by the council working with fellow York Central a £1.16bn boost to our economy, and Partnership members Homes England, Network Rail and National Railway Museum to fund the infrastructure works to exploit the delivering a new generation of jobs and 45-hectare brownfield site. hundreds of affordable homes, when York Haxby Road John Lewis needs it most. The government funding, subject to planning approval, will enable vital infrastructure to connect the site, including a bridge over the | COUNCILLOR KEITH ASPDEN, East Coast mainline railway. CITY OF YORK COUNCIL

t e errace tre S h L Bull Lane rc ow a the M r S osvenor T tr ee River Foss The Heworth Inn Gr t A1036 Penley’s Grove St Mill Lane A19 Boots 4 East Parade d lan S rt tr P o e et York St John University 3 H

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Marygate Fifth A Eagle & Child Minster Yard Hilton Double Tree H A1036 York Art Gallery Asda venue

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Lucia York Rowing Club River Ouse York Chocolate Museum Plans to move Parliment to York 3705 £77m The lvy York Shambles Station Road whilst Westminster undergoes A1036 NEW HOMES FUNDING IN Skeledergate Coney street Cosy Club H Malmaison Mark & Spencer restoration have been welcomed CREATED FIRST PHASE Fossgate Foss Islands Road

The Fossgate Social Janes Str The Grand H by the City of York and its MP’s. Navigation Rd Piccadilly

eet The work which is expected Piccolino eet Brewdog S Mick Bridge Str JORVIK Viking Centre to take six years to complete t legate

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Cliﬀord’s Tower o B r Nunnery Laneis Jr g ll e skilled jobs. h i Nunnery Lane op h York Castle Museum S t

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York Barbican CONNECTIVITY BY TRAIN

A TRULY CENTRAL CITY, ON THE DOORSTEP TO THE REST OF THE UK Edinburgh LEEDS 23 MINS

Newcastle THE UK’S SECOND CITY MANCHESTER 75 MINS Situated in the heart of the UK, York is a key hub on the UK’s rail network with almost every major city within two hours LONDON 110 MINS reach. It’s neighbouring city Leeds, the largest financial district Leeds YORK outside of London is 20 minutes away, whilst London itself can BIRMINGHAM 23 MINS Liverpool Manchester be reached in under two hours.

LIVERPOOL 110 MINS BRITAIN’S FASTEST BROADBAND York proudly boasts the fastest internet in Britain with EDINBURGH 150 MINS Birmingham ambitions to become the first ‘gigabit city’. A revolutionary technology which delivers one gigabit speeds at 1,000Mb (100 times faster than standard broadband) is currently being rolled out, and with improved connectivity comes the creation of London new jobs, greater investment along with becoming an even Bristol more desirable destination to live and undertake business.

1 . CITY OF YORK COUNCIL

2 . NORWICH UNION LIFE

3. SELBY AND YORK PRIMARY CARE TRUST

4 . SHEPHERD BUILDING GROUP

5 . BRITISH TELECOM

6 . CPP GROUP LTD (CARD PROTECTION PLAN)

BUSINESS AND 7. NESTLÉ ROWNTREE EMPLOYMENT 8 . UNIVERSITY OF YORK MAJOR 9 . NETWORK RAIL LONDON NORTH EASTERN KEY EMPLOYMENT SECTORS 1 0 . NORTHERN RAIL EMPLOYERS 1 1 . JARVIS FACILITIES LTD. 12. ASDA STORES LTD

York is famous for its history and tourism, but is also 1 3 . CENTRAL SCIENCE LABORATORY 8% LAND, TRANSPORT & POSTAGE the base of various companies which serve both 1 4 . MONKHILL CONFECTIONARY United Kingdom, Europe and around the world. 15. MARKS AND SPENCER PLC 11% EDUCATION It is in the top 10 for the number of firms with 1-250 1 6 . DEPARTMENT OF ENVIRONMENT, FOOD employees and in the top 15 for the number of firms AND RURAL AFFAIRS 12% FINANCIAL & PROFESSIONAL SERVICES employing over 250 people. York’s major employers 1 7. MCKECHNIE PLASTIC COMPONENTS LTD.

includes corporate headquarters, financial service 1 8 . MOD HEADQUARTERS EASTERN DISTRICT 13% TOURISM firms, healthcare institutions, major manufacturers 1 9 . NORTHERN ELECTRIC and distribution companies. This diversity of 2 0 . POLICE HEADQUARTERS 15% HEALTH & SOCIAL CARE industry sectors provides a stable foundation for consistent economic growth. 2 1 . ROYAL MAIL 22. TESCO STORES LTD 16% RETAIL & WHOLESALE Listed to the right are the largest 25 employers in 2 3 . YORK AND COUNTY PRESS

the city, broadly ranked in terms of the number of 24. YORK COLLEGE

people they employ. 25. YORK ST. JOHN UNIVERSITY

‘‘ AN ACADEMIC ‘‘ A BUY-TO-LET POWERHOUSE HOTSPOT

From world-class universities, to both ‘The whole fabric of York is suitable for buy- top-ranking private and state schools, to-let investors, the city is an affordable and York is renowned as a hub of academic attractive location. Its main services include excellence. An impressive fourteen finance, tourism, health and education, it’s full of schools within and around York were history and culture which makes it a huge tourist listed amongst the Schools Guide 2020, hotspot and it’s ideally located right between the most credible and authoritative guide London and Edinburgh which results in excellent which ranks performance and helps transport links across the rest of the country.’ for parents identify the highest quality education for their children. | AMBER WREN, LINLEY & SIMPSON

HOLIDAY LETS BUY TO LET York boasts two prestigious universities alongside WHAT DOES THIS MEAN FOR INVESTORS? two prominent language schools with over 25,000 students collectively. Overseas students often with larger 8-9% YIELD ON HOLIDAY LETS 4-5% YIELD ON BUY TO LET budgets seeking quality property in the centre of York. The University of York is one of the UK’s As one of the UK’s leading tourist destinations, there is a Combined with increasing property prices which are prestigious Russell Group universities, with a continual and rising demand for high-quality, short-term higher than national average and yields of 4%-5% on a global reputation for inspirational, life-changing accommodation. regular Buy to Let investment, property in York strikes Icona resides inbetween Tang Hall and research and exceptional academic teaching the perfect balance in being able to achieve steady rental Hull Road which are home to the most standards. With the average stay approximately 3 nights and attracting returns whilst also benefiting from healthy, long-term desirable streets for York students. visitors all year round, holiday let properties in York provide capital appreciation. York St. John University has also enjoyed recent the perfect solution for those seeking a flexible and cost- success, achieving one of the biggest overall rises effective way to enjoy and explore the city generating yields Parents often buy apartments for students/ in the UK in the Good University Guide which of 8-9% on average. is considered the most respected university themselves to enable them to visit their rankings table. children and stay.

HIGH RENTAL DEMAND GOOD AFFORDABILITY 10 YEAR GROWTH ALL THE SCHOOLS IN OR NEAR YORK THAT MAKE THE LIST (OUT OF 2000) With so much to offer, there is always Regarded as a highly desirable place Property prices are 39.27% higher than 28. NABURN C OF E PRIMARY SCHOOL 213. FULFORD SCHOOL a strong demand for properties in to live, the cost of property in York they were 10 years ago, much higher 37. CUNDALL MANOR SCHOOL 228 BOOTHAM SCHOOL York at all levels with the very low is still relatively low. Rightmove than other areas in Yorkshire. This

52. QUEEN ETHELBURGA’S COLLEGE 242. ARCHBISHOP HOLGATE’S SCHOOL likelihood of lengthy void periods. suggests, that the average price of a means a much higher return for later on flat in York in the last 12 months is in life whilst still maximising the income 89. ST PETER’S SCHOOL 275. THE MOUNT SCHOOL just under £200,000. stream on the property. 148. THE FACULTY OF QUEEN ETHELBURGA’S 286. POCKLINGTON SCHOOL

160. QUEEN MARGARET’S SCHOOL 323. HUNTINGTON SCHOOL

203. AMPLEFORTH COLLEGE 325. ALL SAINTS RC SCHOOL FAST RENTAL GROWTH A LACK OF HOTEL ROOMS RECORD OCCUPANCY RATES

The higher than average population With only 1085 hotel rooms across Rising 15 places, York now lies within the growth in York directly ties in with the city centre to support its 7 million top 5 cities of the Knight Frank UK Hotel the increasing rent levels across York, annual visitors, the demand for high Development Index with occupancy increasing faster than most UK cities quality, short-stay accomodation rates of 80%, sitting closely behind with an 8% increase on flats and continues to far outweigh supply. Edinburgh, London and Brighton. apartments in the last year. KEY FACTS

ICONA DEVELOPMENT | NOVEMBER 2020 COMPLETION

• 32 apartments (including 3 penthouse suites with private terraces) • Communal roof terrace • 16 car parking spaces available • High specification finishes include quartz worktops, Italian kitchens and full bathroom tiling • Views of the iconic York Minster can be seen from the the development • Furniture packs available • Second phase (Icona II) will include a dedicated concierge and gym which all resident’s will have access to

Please note: Whilst the details in the brochure are believed to be accurate, they are set out as a general outline for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on the brochure details as statements of representation of fact. Buyers must take steps to satisfy themselves by inspection or otherwise as to the accuracy of the detail. Disclaimer: The planned Concierge Service and Resident's Gym is subject to the company completing on the nearby purchase of land which will form Phase 2 of the Icona development. Resident's from both apartment blocks will be granted unlimited lifetime access to the aforementioned services and benefits. February 2020.