PRE-LAUNCH RELEASE PRE-LAUNCH RELEASE

Horizon presents a brand new range of self-contained studio The high-specification studios at Horizon apartments, designed to cater to students and professional are centrally located, standing in the heart of commuters in , the North’s growing maritime Sunderland city centre, and provides potential investors the chance to benefit from a 9% NET city. rental return (excluding ground rent) assured by the developer for 3 years.

At just 0.65 miles from the main campus, and 0.44 miles from its Sir Tom Cowie campus, Horizon offers central and contemporary accommodation for the city’s large student population.

In 2016, Sunderland was voted the UK’s ‘Top Student City’ for landlords by LendInvest owing to its generous rental returns and strong student numbers.

With studios at Horizon starting from just £47,495 - including a £2,500 discount off the market price - these apartments are ideal for property investors looking to capitalise on a city with exceptional potential. Images used for illustrative purposes only 9% NET Rental Return PRE-LAUNCH FROM Development DISCOUNT OF £47,495 154 250 Assured by the Developer Overview £2,500 YEARS for 3 Years

Included in Studio Apartments Leasehold Purchase Price Apartments Available Property Horizon is comprised of a number of self-contained luxury studio apartments. UP TO % 3 Q3 Situated close to the University of Sunderland’s % 9 YEAR main campuses and just 0.31 miles from the 7 2019 city’s main shopping complex, Horizon is ideally located for both students and young working NET Rental professionals living in Sunderland. Interest on Deposit Rental Completion Return Available* Assurance Scheduled (Excluding Ground Rent)

*50% deposit = 5% interest on deposit per annum or 75% deposit = 7% interest on deposit per annum Rental return excludes ground rent of £150 per annum Images used for illustrative purposes only

CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR)

These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of the vendor and in accordance with these regulations. The property details are produced in good faith and are not intended to form part of a contract. Rental Assurance

*NET rental return excludes ground Rental Assurance from the Developer rent of £150 per annum. STAMP DUTY LAND TAX Deluxe Studio Superior Studio **The developer is contracted to (Based on Unit G-15) (Based on Unit 1-124) To find out if your purchase will incur Stamp Duty, please visit provide the rental assurance to the the Stamp Duty overview and calculator at: Please Note: This example is for illustration purposes Purchase Price £47,495 £65,495 only; the projections for the income, occupancy purchaser, details of which will be levels, room rates and management charges are not confirmed by the solicitors acting for https://www.gov.uk/stamp-duty-land-tax Rental Assurance** guaranteed and are subject to change. We accept no the purchaser. https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general Rental Return* 9% 9% The purchaser may be liable for property related taxes guide and based on what we believe to be correct but in connection with property purchases and ownership in do not form part of any offer or solicitation. Rental Assurance Period** 3 Years 3 Years addition to any ongoing personal or corporate taxation which may apply. Annual Rental Return (£) £4,274.55 £5,894.55

Total Projected Return

Return on Investment 27% 27%

Rental Assurance Income £12,823.65 £17,548.65 Images used for illustrative purposes only Property Specification

Centrally located, Horizon will Each bedroom contains a queen-sized bed, provide contemporary high- complete with bed base and mattress with built- specification living for Sunderland’s in storage space, as well as a wardrobe. large number of students and young The lounge area will be fitted with a desk and a working professionals. coffee table, both of which will have a chair.

Also included in the furniture pack is a fully Horizon is made up of 154 self-contained fitted kitchenette, complete with an integrated studio apartments, carefully designed to microwave/oven, fridge freezer, and twin maximise the rental potential of its tenants. induction hob. Dedicated Communal Fully Fitted Kitchenette Central Location Apartments at Horizon come with a furniture The bathroom will be fully tiled, including a Study Area pack include in the purchase price, which basin, modern WC, rainfall shower and glass provides a range of specially selected furniture door. to complement the surroundings. Each luxury studio apartment will also come with free WiFi in all communal spaces.

Additionally, the development will provide a variety of communal areas, including a dedicated study area, residents’ gym, cinema room, on-site laundry facilities, and games room.

Images used for illustrative purposes only Private Rented Sector Demand in the UK

Demand for private rented property Faced with consistently high levels of demand, RECORD BREAKING RISING SUPPLY STABLE RETURNS HIGH DEMAND is soaring, but the supply of available as high property prices push more prospective stock on the market is unable to keep homeowners out of the market, many up. households in the UK are turning to the private rented sector. Just In 2016-17, 4.7m households lived in the This is especially true of younger people aged £1.8 private rented property sector, representing 25-34, whose homeownership rates over the 30% £937 20% of all households in England. last twenty years have plummeted. Billion 27%

However, Knight Frank predicts that by 2021 To satisfy the unprecedented need for rented this will rise to just under one in every four - or housing, the government is throwing its full Increase in pipeline 5.79m households. weight behind the build-to-rent industry. Spent on rent in 2017 Average monthly rent for Of 25-34 year olds of build-to-rent stock by tenants the UK in July 2017 owned a home in 2016 With a restricted pipeline of new housing stock Developments purpose-built for renting are in Q1 2018 due to come to market, private sector rents are crafted to cater to the needs of the modern Source: Countrywide Source: British Property Federation Source: HomeLet Source: Institute for Fiscal Studies predicted to rise, potentially by as much as 15% tenant, especially young professional commuters between 2018 and 2023. who prioritise comfortable city living with easy access to transport facilities.

Sources: Knight Frank, English Housing Survey, RICS Sunderland:

In Focus +£20,067

£400m Sunderland is a thriving city with a The city boasts one of the UK’s most notable International digital clusters, having been awarded the title of Advanced lot of opportunities for its residents Manufacturing 4% UK Digital City in 2014. Park with 80 international companies, £141,077 £130m 2020 such as Nike and Nissan, having April 2018 £117.6m Invested in 3% 3% It recognises Sunderland’s commitment to £121,010 University 2021 2022 relocated to the city, catering to over Northern Spire Campus improving the lives of its citizens through the April 2013 Bridge 25,000 employees. integration of digital and public services. 2% 2019 £23m Sunderland also serves as a vital transport Vaux Business 2% 2018 is investing heavily corridor. Its central station offers direct links to District into the city centre in order to breathe new life and Middlesbrough, whilst the recently into this growing city. Redevelopment projects opened Northern Spire bridge was finished comprise a new £1.8 million public square as part of the Sunderland Strategic Transport which was completed in 2015. Corridor plan. % % PROJECTED 17 INCREASE £1bn 14.8 INCREASE in the average property price in Sunderland of investment into city’s infrastructure in average house price in the North East FROM APRIL 2013 (£121,010) TO APRIL 2018 (£141,077) SUNDERLAND’S 3, 6, 9 VISION FROM 2018 - 2022 (CUMULATIVE GROWTH)

Sources: 3, 6, 9 Vision, , Source: Home.co.uk Source: Knight Frank University of Sunderland UNIVERSITY OF Rental Demand SUNDERLAND 19,022 in Sunderland STUDENTS ENROLLED

Sunderland is home to over 277,000 The University of Sunderland is one of the people, the second largest population largest Higher Education providers in the North NO.1 in the North East of England. East, with thousands of students competing STUDENT TOWN FOR every year for limited spaces. LANDLORDS IN 2016

However, in order to satisfy the city’s growing A report in 2016 that analysed the pipeline of demand for housing, Sunderland needs to build accommodation, and the growth in student nearly 14,000 new homes by 2033. numbers in Sunderland, forecasted that as 40% many as 4,090 bed spaces could be needed in OF ALL STUDENTS ENROLLED With limited buying options and rising prices, Sunderland over the next 5 years. ARE INTERNATIONAL many households are turning to the private rented sector. With the University of Sunderland seeking to attract more students by investing heavily in As a result of the surge in demand for rented its facilities, the total stock of properties could 93% property in Sunderland and the wider region, diminish further, placing upwards pressure on OF GRADUATES ENTER global real estate firm CBRE predicts rents in the cost of student rents in the city. EMPLOYMENT OR FURTHER Sunderland will increase by 11% over the next STUDY WITHIN 6 MONTHS 5 years. OF GRADUATION

THE UNIVERSITY HAS CAMPUSES IN LONDON AND HONG KONG Sources: Nomis, Sunderland City Council, CBRE Comparable Accommodation

Horizon FROM Brougham Street Nile Street £47,495 £60,000 £69,950 • Studio Apartments from £47,495 • 1 Bedroom Apartments • Studio Apartments • Includes £2,500 Discount For Sale For Louise House High Street West £69,950 £80,000 Key: £ Listing Price • 1 Bedroom Apartments • 1 Bedroom Apartments

FROM FROM Cassaton House Horizon £85 All Saints House (Fortis) £107.50 FROM

FROM FROM £135.00 • Deluxe Apartments - £85 to £105 £120 • Premium Studios - £107.50 (51 Weeks) £117.50 • Classic Studio • Superior Apartments - £120 to £135 • Premium Studios - £115 (44 Weeks) • 51 Week Tenancy • Superior Studios - £117.50 (51 Weeks) • Superior Studios - £125 (44 Weeks) For Rent For Scotia Quay (University) The Forge £106 £132.39 Key: £ Weekly Rent • Studio Apartments • En-Suite Rooms - £106 £141 • 51 Week Tenancy • One Bedroom Apartments - £141 • 40, 45 or 51 Week Tenancies Available

All information collated on 10/09/18 and was correct at the time of publication Location & Amenities

Horizon, Borough Road, Sunderland SR1 1HW

Sunderland Central Train Station 0.27 miles from Horizon

Empire Cinema 0.28 miles from Horizon

Sunderland Metro Station 0.29 miles from Horizon

The Bridges Shopping Centre 0.31 miles from Horizon

University of Sunderland Sir Tom Cowie Campus 0.44 miles from Horizon

University of Sunderland City Campus Newcastle 0.65 miles from Horizon 31 miles from Horizon

Sunderland Football Club Stadium Durham 0.76 miles from Horizon 21 miles from Horizon on theUK’s largest property websites. occupied at alltimes, withproperties advertised They work hard tomake sure that your unitis when itcomes recovering to rent. UKGI, provides thedeveloper with asafety net JH National’s rental insurance, underwritten by Ombudsman. and they are members of the Property Property Professionals (NFOPP) qualifications All of their staff hold National Federation of of thetenancy process are taken care of. you peace of mind,makingsure that allstages Their management service offer isdesignedto for Horizon. managers andmanagementcompany JH National will be acting as the rental Manager The Rental

RESIDENTIAL STUDIO 8 AT FAWCETT APARTMENTS PROVINCIAL HOUSE STREET centre of Sunderland, are complete dueto in Q3 2018. Tenant sourcing isunderway, with These studioapartments, alsolocated inthe All 68studios were reserved within 7 weeks month for astudio without parkingfacilities. Through their contract with aninternational the development similarly targeted for both of marketing. The average rental price for a student referral company, they canensure 2 bedroom apartment inBolton is£450a month. They achieved rents £595a upto occupied wihtin 6 weeks of completion. All 94unitsat thedevelopment were the residential andstudent markets. the bestpossiblerent for thearea. identity that setsthemapart. to thehigheststandards, yet retain aunique life cycle, ensuringtheir projects are completed engraved at every stage of thedevelopment’s Their meticulousapproachto construction is returns oninvestment. designed tomaximisethepotential in developingresidentialprojects Oxhey Management,whospecialise The developerbehindHorizonis Developer The Frequently Asked Purchase Questions Process

What is the address of the How long is my rental assurance? What is the forecast service charge? development? The rental assurance is provided by the The vendor has forecast £594 per annum for Reservation Horizon is located at: developer for Horizon for 3 years with the service charge and £550 for utilities. Step 1 Reservation agreement completed & £2,000 non- purchasers contracted to receive a NET rental refundable fee paid and deducted from the deposit Horizon return of 8.5% of the purchase price per on exchange Borough Road annum from the developer excluding ground Will I own the property? Sunderland rent. Yes. You will be purchasing a 250-year Solicitors Instructed SR1 1HW leasehold property and the Title Deeds will be Step 2 registered with the UK Land Registry upon the What is the rental payment schedule? Solicitors instructed, legal pack sent out & completion of the purchase. anti-money laundering process completed Will I have to pay SDLT on my Payments for Horizon will be made quarterly in purchase? arrears. Are there legal costs? Exchange of Contracts Yes, you will need to pay Stamp Duty Land Step 3 Tax (SDLT) on your purchase unless you are a Yes, as with all property transactions in the UK What rent is expected after the rental a conveyancer will charge for legal work and 50% or 75% of purchase price paid to solicitors & first-time buyer or owner-occupier. For more assurance? contracts exchanged within 28 days of reservation information visit: https://www.gov.uk/stamp- disbursements. duty-land-tax. The rental management agent forecast between £110 - £140 per week. Legal Completion Step 4 The remainder of the balance is paid, the purchase is completed & Title Deeds registered with the UK Land Registry

Images used for illustrative purposes only 6. Neither the Agent nor the Master Agent provides or offers an prior notice. Therefore, neither the Agent nor the Master Agent opinion as to whether a particular property is appropriate for a will be responsible for such changes. particular individual and owes no duty of care to the Purchaser. 14. The Agent and the Master Agent have endeavoured to 7. The Agent and the Master Agent, respectively, each offer only provide the highest quality information, backed up by substantial an opinion on the opportunity in general terms and in relation to experience and proven evidence from the marketplace. However, Disclaimer the market as a whole. Neither the Agent nor the Master Agent individual interpretation of information may vary, and individual is able to comment on or give opinions on the strength or validity circumstances, skills, abilities, knowledge and attitude play an of any bond or insurance policy and Purchasers are strongly important part in achieving a particular outcome. In addition, recommended to perform their own diligence and seek legal the future behaviour of the property market may not follow opinion. past experience, either, internationally, nationally or locally. For this reason, Neither the Agent nor the Master Agent warrants, 8. Neither the Agent nor the Master Agent accepts any guarantees or promises that Purchaser will make a profit from any 1. This information is and remains the property of the Master responsibility for amendments to or changes in rates of taxation, property transaction entered into, whether as a result of acting Agent is made available to the addressee subject to the terms introduction of new taxes, changes to existing legislation or the on information contained within this document or otherwise. As and conditions of this Disclaimer. A copy of this information is introduction of new legislation or any matters relating to the final with any purchase, this may result in a loss. made available to you for your personal use and must not be contractual arrangements for any purchase. given, shared or communicated with any other person except for 15. Where applicable, as in the case of a consumer and not your own professional advisors for the sole purpose of obtaining 9. The Purchaser may be liable for property-related taxes in a business customer (“Consumer”) the Consumer Protection their advice. connection with property purchases and ownership in addition to from Unfair Trading Regulations 2008 and the Consumer any ongoing personal or corporate taxation which may apply; for Protection (Amendment) Regulations 2014 (singly or together 2. The Agent and the Master Agent endeavour to provide the avoidance of doubt, neither the Agent nor the Master Agent the “CPR”) which prohibit unfair practices, shall apply. To satisfy accurate, up to date and complete information but makes no shall have any liability for such taxes. the obligations under the CPR, the sales particulars have been warranties or representations as to the accuracy, reliability or prepared by the Master Agent upon the instruction of the completeness or otherwise of the information contained herein. 10. Where rental assurances or guarantees are offered as part Developer and in accordance with these Regulations. The sales The Master Agent assumes no responsibility or liability for any of the purchase, the Developer will contract directly with the particulars are produced in good faith and are not intended to omissions or errors contained in the information. Purchaser to assure the rental income at the specified rate form part of a contract. Where the CPR apply, the Consumer and for the specified duration, but this is not supported by may, without giving reason, cancel this Agreement within 14 3. The Agent acts as a sub-agent to the Master Agent; specifically, an insurance policy, bond or bank, unless specified, nor is this (fourteen) days from the day it was signed. Such cancellation the Master Agent accepts no liability to the Purchaser for warranted or supported by the Agent or the Master Agent. must be in writing and may either be in the Consumer’s own fraudulent misrepresentation made by the Agent. words, or he / she may ask the Master Agent for a form of 11. Descriptions of property, homes, buildings, locations or cancellation notice. For the avoidance of doubt, if the Consumer 4. The Master Agent acts as an agent for the Developer and as Development particulars, specifications and pictures and cancels, the Developer must re-pay the Reservation Fee to the such accepts no liability to the Purchaser. Further and in any artists impressions of any property, home, building, location Consumer event, if notwithstanding this provision liability is established or Development are given in good faith and believed to be against the Master Agent, then it is agreed that the total correct, but they do not form part of any offer or solicitation 16. Neither the Agent nor the Master Agent is authorised or maximum amount of such liability is limited to and shall not under and are intended only as a general guide. Neither the Agent nor regulated by the Financial Conduct Authority (“FCA”) and as such any circumstances exceed the amount of the net Reservation Fee the Master Agent controls the building or development of any neither is permitted to offer financial advice about investments, of any reservations made. project. whether regulated or unregulated; accordingly, neither the Agent nor the Master Agent offers financial advice. In case of queries or 5. Purchasers are required to conduct their own due diligence 12. All descriptions are intended only as a general guide and are doubt, Purchaser and any other interested parties should consult and make their own judgement on the property being offered. not to be relied upon by the Purchaser or by any other interested an FCA-regulated Independent Financial Advisor. Purchasers must verify the information and any speculative parties as a statement or representation of fact and the Purchaser information offered by the Agent and the Master Agent. or any interested parties should satisfy themselves by inspection Purchasers are strongly recommended to perform their own or otherwise. financial and legal assessment of any opportunity prior to making any commitment to participate. 13. The Purchaser acknowledges that Developers reserve the right to alter plans, designs and specifications at any time without