THE RESIDENCIES AT CASTLE STREET READING, RG1
www.oneinvestments.co.uk
1 Capital growth 8 by 2020 12 29 minute walk to luxury minutes to Train Station and 43% residencies London Elizabeth Line Crossrail
2 3 CONTENTS
1. Introduction
2. The Residencies at Castle Street
3. Connections and city living
4. Reading
5. Royal Berkshire
6. Reading means Business
7. Crossrail
8. The Investment
9. One Investments
10. Contact
4 5 Located at the heart of Reading town centre and a train journey taking under THE RESIDENCIES, 30 minutes to reach Central London. The Residencies at Castle Street offer contemporary designed apartments in Berkshires employment, leisure and retail heart but it’s no concrete jungle! The English beauty of Berkshire’s villages and AT CASTLE STREET countryside can be just as much a part of your lifestyle. A five minute walk to John Lewis and the Oracle shopping centre, an evening stroll to the movies or ARE LOCATED AT THE any one of the towns Michelin star restaurants. HEART OF READING, BERKSHIRE.
Luton A1 M11 SloughM1 Colchester Aylesbury Harlow Oxford M40 Chelmsford
Southend on Sea London Reading Windsor M4 M25 Guildford Croydon M2 Maidstone Dover M3 M20 M22
Southampton Brighton Hastings Eastbourne Worthing
6 7 “Crossrail 2019: Already London’s most powerful satellite. Reading will be drawn closer to the Capital, more accessible and better connected – the engine of Reading’s future prosperity is being built today and Castle Street is supremely positioned to take full advantage.”
• 12 one bedroom chic modern apartments • Lowest unemployment rates in the UK. • Wooden flooring through-out • ‘The Best Place to Live and Work in Europe’ • Italian designer style kitchens (PriceWaterhouseCoopers, Good • Luxury modern bathrooms Growth for Cities 2015 Index). • £900 Million regeneration of Reading Train • 2nd Most Prosperous City in the UK Station (Barclays, UK Prosperity Map 2015). • Waking distance to Reading Train Station • Ranked in 25 Most Attractive European Cities and new Crossrail line for Foreign Direct Invesment ( FDI European • 200 trains per day to London Cities of the Future 2016) • 0.7 miles to University of Reading • Best education in the UK – Best A level • Strong capital growth potential results in the country (2013, 2014 • Property prices to increase by 42.7 per cent and 2015). 2020 (Jones Lang LaSalle).
Reading Train Station.
8 9 THE RESIDENCIES, A SPECIFICATIONS BOUTIQUE DEVELOPMENT OF 12 LUXURY APARTMENTS IN THE HEART OF READING, BERKSHIRE.
Italian style fitted kitchens with • Modern luxury apartments The Residencies at Castle Street offer stone work surfaces, bathrooms • Open plan living area residents spacious and contemporary open come complete with roca sanitary • Italian style designer kitchens with plan living areas. Chic city living at its finest. ware and ceramic flooring. Classic gloss and wood trim colours and finishings ensure our • Fitted hob, oven and cooker hood The interior of each apartment has been bedrooms provide a calming, • Integrated Fridge and Freezer passionately designed to create an urban neutral setting - ‘a sanctuary from • White Panelled internal doors with living experience that uses high quality the hustle bustle of city life’. chrome ironmongery products to deliver a timeless interior • Wooden flooring through-out specification that will charm year after year. • Luxury bathrooms • Ceramic floors to bathroom and kitchen • Double glazed windows • 10 year warranty
10 11 The Residencies at Castle Street offer a city lifestyle with a world of amenities at your door step.
A 5 minute walk to the Oracle Riverside where you will find over 90 shops; from chic boutiques to major department stores like House of Fraser and Debenhams.
The Oracle also offers a Vue cinema complex, a Attractions & Information 1 Royal Berkshire Hospital G6 Map Key range of riverside bars, cafés and restaurants, and 2 The Oracle Shopping and Leisure C4 3 Broad Street Mall B4 Subway opportunity for some sumptuous al fresco dining. 4 Concert Hall D3 Vastern Court 5 Museum of Reading D3 Retail Elsewhere in town you will find a number of high 6 Hexagon A4 Park 7 Reading College G4 street retailers, which includes a large John Lewis 8 South Street Arts E5 9 Chestnut Walk (Oscar Wilde Memorial) E3 and Marks & Spencer. Reading also has a twice 10 Museum of English Rural Life F6 11 Forbury Gardens D3 monthly farmers market specialising in fresh 12 Abbey Ruins E3 13 Riverside Museum at Blake’s Lock G3 delicious local produce. 14 Queen Victoria Monument C3 15 Greyfriars Church B3 Cycle Hire Hub (from early 2014) 16 Minster Church of Saint Mary the Virgin C4 STATION H 17 Saint Laurence’s Church D3 ILL 18 Town Hall D3 19 Civic Centre B4 *C5 from 2015 20 Crown Court D3 21 County Court C3 Map Scale 22 Magistrates Courts B5 Forbury Gate 250 metres (approximately) Retail Park 23 Main Post Office D3 24 Job Centre Plus B3 25 Cinema D4 The Town 26 Library D4 Hall 27 HMP Reading (Prison) E3 28 Simeon Monument D3 29 Abbey Mill Arch D4 30 The Oracle Riverside C5 Q Park 31 Reading Walk-in Health Centre B4
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Reading Explorer Points 1 Railway Station C2 2 Blagrave Street C2 3 Friar Street/West Street B3 4 Friar Street/Merchants Place C3 5 Friar Street/Station Road C3 6 Town Hall Square D3 7 The Forbury/Abbot’s Walk D3 8 Oxford Road/Queens Walk A4 * from 9 Broad Street/Saint Mary’s Butts B4 2015 10 Broad Street/Union Street C3 11 Broad Street/Queen Victoria Street C3 12 Broad Street/Minster Street C4 13 King Street/High Street D4 14 Civic Centre B4 15 Saint Mary’s Butts/Gun Street C4 16 Chain Street/Saint Mary’s Minster C4 17 Duke Street D4 18 Queen’s Road Car Park D4 19 Chestnut Walk E3 20 North West Forbury D3 21 Vastern Road D1 22 Train Station South C2 23 Train Station North C1 © Streetwise Orientation & Navigation Systems Limited © Crown Copyright. All rights reserved. Reading Borough Council. Account No. 100019672. 2009 See over for map detail of south Reading
12 13 CONNECTIONS & CITY LIVING
Where would you like to go today? Because from your one of 16 departures per hour and you can be in the West home at Castle Street, the world quite literally is on your End in less than 30 mins and the City in just 10 mins more. doorstep. Reading offers better access to London than many of the Maidenhead Southamton 14 mins 47 miles capital’s actual suburbs. Reading’s redeveloped railway station was officially opened Oxford Oxford by Her Majesty The Queen in July of 2014. Head to Heathrow in just 40 mins and make Castle Street 23 mins 29 miles your international departure point. These are the singular London Paddington Used by nearly 20m passengers a year, Reading station advantages of owning a ‘city’ property in Reading. 29 mins Heathrow Airport is one of the busiest rail hubs in Britain. It has been 28 miles transformed by Network Rail in the last five years as part Just 850 meters from the recently redeveloped Reading Swindon of a £895m project to rebuild the railway around Reading Station, the unique position of The residencies at Castle 29 mins Windsor with 30m people forecast to use the station by 2030. Street accentuates those advantages even more. A Castle Guildford 22 miles street apartment makes a great home and a sound 35 mins London – one of the world’s brightest, most powerful investment. M4 (Junction 11) and dynamic capital cities is so easy to reach (and set to Bristol 1.5 miles become even quicker with Crossrail). Castle Street places you at the heart of the compass, 58 mins connecting you to a world of opportunity. Southamton Step from your apartment into Reading Station and onto 55 mins
14 15 If you have never visited Reading before - or if you haven’t As the town moves forward it proudly acknowledges its been here in many years - you are in for a very pleasant remarkable history. From an influential position at the surprise. With a diverse, well educated and creative heart of monarchy in the middle ages (the formidable population, the town has some of the best performing Abbey Ruins still sit in the heart of the town centre), to schools in the UK, a red brick university leading the world its popularity as a thriving commercial centre under the in climate change study, one of the best shopping centres Victorians, each new development has been embraced as in the country, and is surrounded by unspoilt countryside part of a natural process of growth. READING and magnificent stretches of the river Thames. Today Reading is an important commercial centre in “Ranked the UK’s most successful Thanks to the town’s superb location it’s hardly surprising Southern England and is the commercial capital of that some of the world’s most famous companies the Thames Valley. Ranked as the UK’s most successful economic city. Reading boasts the have chosen to set up home here - Microsoft, Oracle economic city, Reading boasts the lowest unemployment Corporation, BG Group, Verizon Business and Symantec to rates in the UK and amongst the highest GDP per capita. lowest unemployment rates in the name just a few. But Reading is surprising in so many other ways: Michelin Star restaurants; over eight hundred listed UK and amongst the highest GDP per buildings and monuments; boutique hotels; family friendly museums; two National Trails and two beautiful rivers on capita”. our doorstep.
16 17 Living at The Residences, you can take full advantage of Sport fans are particularly well catered for – within walking all the superb countryside attractions and leisure facilities distance is the Madejski Stadium, home to both Reading that this very special Royal county has to offer including; Football Club and London Irish Rugby Club. As you might historic Windsor Castle and the 1,000 acres of woodlands, also expect from a prime Berkshire address, there are also lakes and gardens of Windsor Great Park. Other grand several excellent 18-hole golf courses within easy reach ROYAL residences and sumptuous parks in the area include including Reading Golf Club and Calcot Park Golf Club. Basildon Park, Wellington Country Park and Prospect Park, Reading’s largest open space with stunning views. Lovers of the arts benefit from a wide number of live music venues, nightclubs, a Vue 10 screen cinema and a choice The River Kennet is well worth exploring, and is rated as of theatres including the famous Hexagon. Whenever you one of the best rivers in Britain for fly-fishing. The local visit, you’re almost certain to find a festival or special event BERKSHIRE scenery includes picture-postcard villages nestled along to enjoy. Highlights include Reading’s famous Rock Festival the Thames and the gentle beauty of the Chilterns to the which attracts a host of world-class artists, the Children’s North West. Of course, being this close to the Thames Festival, WaterFest and the WOMAD International Festival means there are many miles of unspoiled river frontage celebrating world music, art and dance. to explore whether by foot or by water. For a short break with a difference why not hire a narrow boat for a leisurely journey up the Thames or the nearby Kennet & Avon Canal.
18 19 READING MEANS BUSINESS
Reading is a leading UK and European economic powerhouse. PriceWaterhouseCoopers rate Reading the UK number 1 city for economic success and well-being.
20 21 1. The best performing large residential and retail and the University of 5. Heart of the knowledge economy 7. Culturally diverse economic area in the UK Reading’s £50 million investment in a Science and Innovation Park. More than one in five enterprises in Reading are Reading is one of the most culturally diverse Reading was named the best place to live and classed as tech companies and the proportion of places for its size in the world with 150 languages work in the Good Growth for Cities 2015 Index Recent deals include IQ Winnersh – 1.3 m sq ft tech businesses in Reading is rated three times spoken in homes across the Borough. (PwC) of the 36 largest economic areas in the sold in 2013 to Oaktree Capital Management for the national average. Reading tops the table as UK. The Barclays Uk Prosperity Map 2015 ranks almost £250 million. the UK’s number one tech centre according to Reading as the second most prosperous city in KPMG’s Tech Monitor Report 2015. the UK. 4. An innovative business environment 6. Best education in the UK 2. The UK’s best workforce Reading has the 4th highest start up rate in the Reading borough has the best A Level results Reading is ranked second for productivity UK, according to Centre for Cities. Reading has in the country (of 151 local authorities) for the (behind London) in the Centre for Cities’ Cities attracted many global companies and is home third consecutive year. The combination of high Monitor 2016. Reading also has the 5th best to 13 of the world’s top 30 brands. Microsoft, achieving grammar schools and academies qualified workforce in the UK, it is 5th for share of PepsiCo, Cisco, Symantec, BG Group, Oracle alongside leading independent schools means UK graduates (28% of population are graduates) Corporation, Prudential, Foster Wheeler, Verizon Reading pupils achieve an average 855.8 per and over a fifth of University of Reading all have offices in Reading. candidate, almost 23 points higher than national graduates stay local thanks to the buoyant average. economy. The unemployment rate stands at 0.9% (Jan 2016). High wages attract a skilled workforce - Reading has the 4th highest average weekly wage in the UK (Centre for Cities 2016).
3. Leading European city for investment
Reading is ranked 10th most attractive location for foreign direct investment in Europe in the 2014/15 fDI Cities of the Future Awards.
Major investments are coming on stream such as Forbury Place - 370,000 sq ft of international HQ space, Station Hill – 900,000 sq ft office,
22 23 CROSSRAIL
THE PROPERTY IMPACT
• Crossrail could help create £5.5 billion in added value to residential and commercial real estate along its route by 2021, according to research for Crossrail by GVA.
Crossrail is among the most significant • Crossrail will support the delivery of over 57,000 new homes and 3.25 million square metres of commercial space. infrastructure projects ever undertaken in • Commercial office values around Crossrail stations will increase over the next decade, the UK. From improving journey times across with an uplift of 10 per cent in capital value above an already rising baseline projection.
London, to easing congestion and offering • Residential capital values are projected to increase immediately around Crossrail better connections. Will change the way people stations in central London by 25 per cent, and by 20 per cent in the suburbs, again travel around the capital. above a rising baseline projection.
The £15 Billion Crossrail high-speed rail service will not only provide millions with increased connectivity into the capital, but it will send house-prices along its route skyrocketing, new figures show. Crossrail, the high frequency commuter service connecting London and its environs, is Europe’s largest infrastructure project. It will bring 1.5 million more people within a 45 minute commute of the capital and will link London’s key employment, leisure and business districts – Heathrow, West End, the City, Docklands – enabling further economic development. The project includes radical improvements to 37 stations as well as the urban environment around them. When it’s finished, 200 million people a year are expected to use the route.
24 25 MAP
KEY FACTS
• High speed trains • 24 trains an hour • 40 stations • 42km of new tunnels • 100km of new track • 200 million passengers a year • GBP15.9 billion to build • £5.5 billion in added value to real estate • GBP42 billion in economic benefit
Since Crossrail received the go-ahead, price Commuting times will BN increases around its host stations have exceeded be slashed as house our original estimates. By the time the first prices continue to £35 Crossrail stations are operational it will have soar along the newly added £35bn to the residential property sector. named elizabeth ADDED TO THE RESIDENTIAL PROPERTY SECTOR
26 www.oneinvestments.co.uk 27 INVESTMENT 4 Year Investment Case to 2020.
“AS AFFORDABILITY BECOMES 1 bedroom apartment £244,950 EVEN MORE CONSTRAINED IN LONDON, DEMAND WILL SPILL NET Rental Return 2018: £10,800* OUT TO COMMUTER TOWNS NET Rental Return 2019: £11,531.70** LIKE SLOUGH AND READING.
NET Rental Return 2020: £12,312.97** HIGH PROJECTED POPULATION GROWTH WILL BE COUPLED NET Rental Return 2021: £13,147.17** WITH HIGH HOUSEHOLD
NET Income over 4 Years: £47,791.84 DISPOSABLE INCOME GROWTH. ABOVE AVERAGE 42.7% Price uplift on Purchase Price: £104,693.65 HOUSE PRICE INCREASES WILL
Total Projected Income over 4 Years: £152,385.49 IMPROVE TOTAL RETURNS FOR RESIDENTIAL INVESTORS.” Projected ROI Over 4 Years: 62.21% SOURCE: CBRE REGIONAL
Projected Annualised NET ROI: 15.55% RENTAL MARKET REPORT
*Rental return less costs at 10%. **27.1% rental growth predicted divided over 4 years with 6.775% increase per annum.
PROPERTY PRICES RENT SHARE INCREASE IN READING FORECAST TO 42.7% BY THE END OF 2020. 27.1% INCREASE BY 2020.
28 29 ONE INVESTMENTS
One Investments are a diversified National Real Estate, Private Equity and Development firm. With a focus on London and Commuter Belt property we have overseen transactions of over £50 Million in 2015 including the £8 Million ibis Styles, London, Greenwich North.
30 www.oneinvestments.co.uk 31 PREVIOUS PROJECTS:
IBIS STYLES HOTEL SAPPHIRE COURT LONDON, GREENWICH NORTH SLOUGH HIGH STREET
An £8 Million ibis Styles hotel development in a prime location on the A commercial to residential conversion to create collection of 16 modern Greenwich Peninsula in London. The hotel is currently under construction apartments, 4x Studio, 9x 1 Bedroom apartments and 3x 2 Bedroom with completion set for Q1 2017. apartments on Slough High Street completing in June 2016
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