X1 Liverpool One - Phase 3 The third and NEW LAUNCH X1 LIVERPOOL ONE 55% final phase of ASSURED 7% NET RETURNS FOR 1 YEAR Only 55% of students are happy with the choice of accommodation provided by X1 Liverpool One their institution NUS, 2015 X1 LIVERPOOL ONE SOLD OUT After the enormous successes of of Liverpool’s iconic universities, but AND FULLY X1 Liverpool One Phases 1 and 2, X1 Liverpool One also finds itself on the third and final phase of this the doorstep of Liverpool’s vibrant TENANTED development is destined to follow in city centre, just a stone’s throw away the footsteps of its predecessors. from a plethora of bars, restaurants and shops to suit every budget and Containing 98 luxury studios and inclination. 8 stunning rooftop penthouse apartments, each and every one Students increasingly want more for of X1 Liverpool One Phase 3’s 106 their money in this modern landscape, apartments will follow the same so luxury amenities and a city centre rigorous high-end specifications as location are high on the wish-list of the earlier phases, providing prime most savvy students, both of which X1 student accommodation for a vastly Liverpool One offers its tenants. X1 LIVERPOOL ONE SOLD OUT undersupplied market. AND FULLY X1 Liverpool One is the perfect student hub—not only is this development TENANTED within a 20 minute radius of all four 2 3 X1 Liverpool One - Phase 3 Liver Building: Part of Liverpool’s UNESCO designated World Heritage site Investment options for X1 Liverpool One, Phase 3: Financial Studio apartments ..................................................................................................................................£79,995 Roof-top penthouses ............................................................................................................................ £99,995 projections Example financial projection for a studio apartment: Purchase price: ............................................................................................................................... £79,995.00 Est. annual rent: ................................................................................................................................. £7,680.00 Est. service charge: ............................................................................................................................£1,085.96 Est. management fee: .......................................................................................................................... £614.40 Est. ground rent .................................................................................................................................... £250.00 Est. NET income: ............................................................................................................................... £5,729.64 36% Est. NET yield: ..............................................................................................................................................7.16% Example financial projection for a roof-top penthouse apartment: Purchase price: ...............................................................................................................................£99,995.00 Students are paying up to 36% Est. annual rent: .................................................................................................................................£8,640.00 more for their accommodation Est. service charge: ............................................................................................................................£1,085.96 than non-students living in the area Est. management fee: .......................................................................................................................... £691.20 Est. ground rent .................................................................................................................................... £250.00 StuRent, 2015 Est. NET income: ................................................................................................................................£6,612.84 Est. NET yield: .............................................................................................................................................6.61% * All figures and floor plans are based on forecasts provided by the developer, are indicative only and are subject to change. Any financial information provided in this document is intended as a guide and does not constitute a contract 4 5 X1 Liverpool One - Phase 3 The student accommodation landscape is (NUS) indicates that a huge 45% of students said their changing—gone are the days of outdated halls of choice of university was actively influenced by the The new era quality of accommodation offered. residence and dreary student houses. Nowadays modern students want more for their money: they are looking for a taste of independent living and the Unsurprisingly, there has been a huge demand of student luxury that comes with this. for high-quality bespoke accommodation in the student sector from two different fronts. Students are In a recent survey conducted by Glide Utilities, a huge flocking in their thousands towards luxury student 74% of students say that inclusive bills are essential accommodation, whilst there is growing demand from accommodation investors seeking to provide the kind of high-end in choosing their accommodation, with a further 61% demanding double beds and 59% seeking large living accommodation that students actually want. or communal areas. Naturally all these features come at a premium, but these are amenities that research has found students are not willing to compromise on. Modern students now want their accommodation to be more like residential apartments, complete with hotel-like amenities such as on-site facilities, a central location and inclusive bills. This all-inclusive lifestyle is becoming vastly appealing to today’s students, with the majority seeking ease of living from their accommodation. Purpose-Built Student Accommodation (PBSA) offers all of these features in abundance, which is why Knight Frank’s Student Report 2014 has shown that students are willing to pay up to 70% more to live in 45% bespoke private accommodation. Bob Crompton, Chief Executive of the Student Housing Company, comments: “UK universities sell themselves as top- Students in Liverpool pay 45% class places of education, and with that comes an more on average for purpose- expectation of top-class accommodation”. built student accommodation than Houses of Multiple High-quality accommodation is now at the forefront of Occupation (HMO) student needs, so much so that the accommodation Knight Frank, 2014 offerings are now even dictating students’ choice of university—research by the National Union of Students 6 7 X1 Liverpool One - Phase 3 Premium luxury Example student living floor plan Kitchen Area Living Area To capitalise on this almost vast array of amenities, all of which would insatiable student demand for luxury not look out of place in a boutique hotel. accommodation, the third phase of X1 Liverpool One consists of a selection It is clear that X1 Liverpool One has been of luxury studio and penthouse meticulously designed with its student apartments, all of which are fully residents in mind—from the on-site private furnished* and finished to the highest gym to the cutting-edge cinema room and of standards. high-spec communal areas, occupants will never be at a loss for entertainment. Features in each apartment include fully- fitted and integrated kitchens, a beautifully The development’s security is also designed bathroom and even a state- second-to-none, benefitting from a of-the-art 32” wall-mounted television to electronic, fob-operated door entry appeal to today’s cosmopolitan students. system, so residents can feel safe, secure and happy in their new home. 22% As well as ultramodern features, which perfectly befit luxury student living, Ultimately, Liverpool’s modern student residents of X1 Liverpool One will also market has been well catered for with X1 Private rental costs in Liverpool benefit from stunning views of either the Liverpool One. X1 Liverpool One Phase 3: are predicted to rise by as dynamic city of Liverpool, or its incredible Example studio apartment much as 22% by 2021 skyline. National Housing Federation Bedroom Area Bathroom Entrance In addition to stunning private apartments, residents of X1 Liverpool One can also * All figures and floor plans are based on forecasts provided by the developer, are indicative only and are subject to change. benefit immensely from the development’s * Furniture subject to an additional charge. 8 9 X1 Liverpool One - Phase 3 The student market, in Liverpool and in But what makes the student market so the UK as a whole, is going from strength appealing to investors? As well as generally Why invest in to strength. Often seen as the highest- selling at a lower market price than their 70% performing asset class of recent years, the residential investment counterparts, student student accommodation market has truly accommodation also offers things that most student property? skyrocketed in the past decade, offering its mainstream investments do not, such as Students are willing to pay up investors attractive yields, reliable tenancies guaranteed occupancy (with student tenancies to 70% more to live in bespoke and an influx of potential student tenants, often arranged way in advance even before private accommodation meaning low void periods. the academic year), as well as assured