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PARK STUDENT VILLAGE SHEFFIELD PARK STUDENT Cinema Room VILLAGE SHEFFIELD

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PARK STUDENT VILLAGE SHEFFIELD PARK STUDENT Cinema Room VILLAGE SHEFFIELD PARK STUDENT VILLAGE SHEFFIELD PARK STUDENT Cinema Room VILLAGE SHEFFIELD INVESTMENT SUMMARY █ A rare opportunity to acquire a freehold village offering a unique student experience in a secure environment █ Fully occupied with a strong booking profile for the next academic year █ Extensively refurbished in 2010 with the addition of a popular common room and cinema room in 2013 LOCATION █ Park Student Village provides competitively priced student accommodation in comparison to the local HMO and purpose built accommodation market Sheffield is one of the largest cities in England and is located 64 km (40 miles) south-east of Manchester and 48 km (30 miles) south of Leeds. █ Secure development extending to 8.38 acres (3.39 hectares) The city has good motorway access located 8 km (5 miles) west of M1 junctions 33 and 34, the main █ 54 lodges & 29 townhouses comprising 447 bedrooms north / south arterial route connecting into the wider UK motorway network. █ Detailed planning permission for a further 40 bedspaces The mainline rail station has direct services to London St Pancras, providing a fastest █ Ground rent income from 34 long leasehold properties journey time of 2 hours and 7 minutes and also to Birmingham (1 hour 4 minutes), Leeds █ Additional sundry income and summer income (40 minutes) and Nottingham (52 minutes). █ Secure parking for 92 cars SITUATION █ Rooms let on a direct let basis and managed by CRM (a student accommodation management specialist) Park Student Village is situated to the south-east of Sheffield city centre and to the north of Norfolk Park. █ Located within easy walking distance of Sheffield Hallam University, Sheffield College and a range of transport links The development is accessed off Norfolk Park Road which leads south off the A6135 Granville Road. At its western end Granville Road links with the A61 (Sheffield Inner Ring Road). █ Opportunity for significant representation in the UK’s 6th largest university city Sheffield train station and Sheffield Hallam University are located circa 0.9 miles to the north-west of █ Sheffield boasts two established universities and an international student population the village, within a 10 to 15 minute walk. of 11,145 A regular bus service, with a stop close by to the Granville Road entrance gates of the scheme, █ Forecast gross income of £1,692,372 for 2013/2014 provides transport to Sheffield Hallam campus. █ Forecast net operating income of £1,022,372 for 2013/2014 Norfolk Heritage Park, to the south of Park Student Village, extends to 30 hectares. The public park █ Offers sought in excess of £11,750,000 (Eleven Million, Seven Hundred and was regenerated following a £3.6 million restoration project that was completed in 2005. Fifty Thousand Pounds) for the freehold interest, reflecting a net yield of circa 8% Sheffield Hallam University Campus Sheffield Train Station Sheffield College Park Student Village 1 6 A 610 A 9 T SA S D V I E LE ST R S N E TRAVEL TIMES H K O A I N L D T U E O T S A To Main University Campuses R O S M S R L E E O E L O R Y O Y P Y • Bus - 10 mins to Sheffield Hallam City Campus; 22 mins to University of Sheffield R W A R R O 61 S H O I T A C V MOO R Y • Walking - 15 mins to Sheffield Hallam City Campus; 35 mins to University of Sheffield RFI E ELD E S R A E 6 1 D T DER • Cycling - 8 mins to Sheffield Hallam City Campus; 15 mins cycle to University of O EK D OOL N EY W AY Sheffield B B A LO R D N B Distance (walking) - 0.9 miles to Sheffield Hallam City Campus;A 1.6 miles to University K 3 E 7 O S 0 R R T of Sheffield E 6 ROA P CASTLEGA B D R TE Y C O T A RO H E W To City CentreO T E K K R R R E E T A S H S P • Walking – V20 mins • Cycling – 11 mins • DistanceT (walking) – 1.1 miles R LD A E E E LL T FI E N N F Y E E R T H O S A D B 1 W 6 I 6 N 0 T A ER 7 ST 1 B 9 B O 53 L E S B6 O L R V IL N ER H S K D T O A RO U B R K University of Sheffield D E L A S IL S H T 6 T K R O 1 RO E B E U University of Sheffield T P A57 WESTE 1 RN P BA 6 N E K A R H A B6547 D N A O R O P V T O S S E S O R F L A G S E T Sheffield Hallam H 1 R S 07 E University 6 B E T T City Campus E E 7 R T 5 Sheffield S 4 T 6 O B 1 B 6 L A Sheffield A T City Centre Station 7 5 4 6 B D A PARK 9 O 6 R 0 6 A STUDENT Y B 6 R 1 T U S VILLAGE H B A S M N W O A E V H R E E H R R S W O A H Y S 1 6 A A 613 5 GR A NVIL L Sheffield Hallam D E RD A T O R S S University Collegiate Y’ E A R R A 6 M Crescent Campus O 1 ST O ST D M The Sheffield M R A RY’ S GATE S College N AD E O E R LL U SA E Q L C C E Norfolk Heritage Park Pedestrian Access Pedestrian Access Vehicle Access Phase 3 Phase 2 Phase 1 SITE PLAN 87 TCB 89.6m CR 251 265 269 95.0m 283 CR 98.9m 40 2 GR ANVILLE ROAD 106.5m 56 2 36 2 86.9m De f 66 2 8 F 27 F 4 Gas 28 PC 2 1 Gov 82.0m C R D PC ef FW 74 Lodge d Def 75 Un 76 FW 3 69 5 1 0 2 6 7 5 68 71 73 60 72 0 5 51 Norfolk Park 53 7 9 66 7 Hostel 5 62 9 7 58 6 1 7 4 4 1 8 5 3 7 6 64 1 5 56 1 5 6 57 1 5 65 Common Norfolk 1 44 6 0 1 1 4 0 Park 5 8 3 3 t 4 4 o o 4 7 4 10 Students 2 8 4 Residence 84 Room and 5 3 41 8 5 2 3 1 0 TCB 8 31 0 4 3 1 3 0 36 7 9 3 Cinema Room 37 27 4 30 3 8 3 92 9 2 9 TCB 3 7 2 B 8 2 o 2 2 r o C o 1 ns 0 1 t 26 & W 1 2 a r d 24 Bd 23 0 2 y 5 2 1 39 10 0 2 7 17 1 9 5 6 4 16 3 18 3 1 2 1 N 5 1 or f ol C k P P 4 a 1 rk 8 11 A ve 9 nu D 0 ra 1 e in Reception Block 0m 25m 50m 75m Ordnance Survey © Crown Copyright 2013. All rights reserved. Licence number 100022432. Plotted Scale - 1:2237 Properties highlighted in red have been sold on 125 year leases from January 2007 DESCRIPTION Common Room The scheme comprises 447 bedrooms across 54 lodges and 29 townhouses, developed over two phases. 34 properties within the development have been sold off on 125 year long leases from 1st January 2007. The scheme was extensively refurbished in 2010. These works included the replacement of all kitchens and bathrooms, as well as landscaping of the communal amenity areas. In addition, in 2013 the vendors completed the refurbishment of a two storey common room. This comprises social space, kitchen and WCs on the ground floor, and a cinema room on the first floor. The common room and cinema are hugely popular with students living within the scheme, and it acts as an important social hub. Activities such as cinema nights are regular feature over the student year. The freehold properties owned within the development are currently managed on-site by CRM, from a reception block situated adjacent to the common room. CRM are the largest independent manger of student accommodation in the UK, with 19,000 beds currently under their management. CRM is accredited by ANUK, a body recognised by all UK Universities, the Student Union and the UK Government for defining a code of standards for student accommodation. PLANNING Planning information for the scheme, including planning permission relating to the first two phases are contained within the dataroom. Further information relating to third phase of the scheme is also contained in the dataroom. Detailed planning permission (Ref: 11/02455/FUL) was granted on 14th June 2013. It allows for the erection of two, four storey blocks of student accommodation, providing 40 bed spaces within six cluster flats. The proposed site is located within a wooded area at the northern end of the site (as denoted within the site plan). ACCOMMODATION SUMMARY HOUSE TYPE - LAYOUT HOUSE TYPE - MARKETING HOUSES BEDROOMS PER HOUSE SHOWERS PER HOUSE WC PER HOUSE TOTAL BEDROOMS ASPEN LODGE 11 6 2 2 66 HAWTHORN LODGE 17 6 2 2 102 HORNBEAM LODGE 24 5 2 2 120 WHITEBEAM LODGE 2 4 1 2 8 ALDER TOWNHOUSE 21 5 1 1 105 LINDEN TOWNHOUSE 6 6 2 2 36 ROWAN TOWNHOUSE 2 5 1 1 10 GRAND TOTAL 83 447 FORECASTED INCOME 2013/14 TENANCY LENGTH RENT PER SHEFFIELD STUDENT MARKET ROOM RENT PER WEEK TENANCIES INCOME (WEEKS) ANNUM DEMAND TOWNHOUSE 51 £81 £4,131 13 £53,703 There are currently two main providers of Higher Education in Sheffield: The University of TOWNHOUSE 44 £87 £3,828 138 £528,264 Sheffield and Sheffield Hallam University.
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