CARLTON HOUSE Southampton, SO15 2DZ FREEHOLD STUDENT DIRECT LET INVESTMENT OPPORTUNITY Investment Summary n A rare opportunity to acquire a direct let prime student accommodation investment, located in a top Russell Group university city n Situated in a student favoured central location close to popular leisure destinations n Southampton has a high student to bed ratio, of 4.29 students per bed space, indicating a relatively undersupplied market n 73.3% of students are unable to secure accommodation provided by the universities and rely on private accommodation providers n 22.2% of the student population in Southampton are international students with a preference to live in high quality cluster flats n 66% of the current residents in Carlton House are international students n Carlton House comprises ‘New’ student accommodation finished to a high standard n Separate Bar unit let on a long lease to an established tenant n The property is fully let for 2014/15 and has been 100% occupied since opening in September 2013 n The forecast 2014/15 net income is £294,791 per annum n 85% of net income is derived from the student accommodation n Freehold Seeking offers in excess of £4,125,000 (Four Million, One Hundred and Twenty Five Thousand Pounds) reflecting an attractive net initial yield of 7%, assuming purchasers’ costs of 2.80%. UoS Highfield Campus UoS Avenue Campus The Avenue Carlton House Bedford Place St Mary’s London Rd SSU Campus Town Hall Mayflower Above Bar Street Southampton ASDA Central Station West Quay John o' Groats Durness Skerray Port of Ness Thurso Balchrick Portskerra Wick Tongue Mybster Wick Stornoway Culkein Altnaharra Ulbster Unapool Kinbrace Stornoway Lybster Lochinver Lairg Brora Ullapool Inveran Dornoch Kincardine Gairloch Braemore Junction Invergordon Lossiemouth Macduff Fraserburgh Cromarty Elgin Buckie Forres Banff Benbecula Achnasheen Nairn Keith Inverness Rothes Turriff Mintlaw Peterhead Inverness Grantown- Craigelliachie Huntly Kyle Drumnadrochit on-Spey Inverurie Ellon Barra Invermoriston Dyce Aviemore Aberdeen Invergarry Kingussie Aberdeen Ardvasar Portlethen Mallaig Newtonmore Braemar Banchory Stonehaven Dalwhinnie Laurencekirk Fort William Johnshaven Pitlochry Brechin Glencoe Tobermory Montrose Tiree Aberfeldy Forfar Lunan Blairgowrie Arbroath Dundee Carnoustie Oban Dundee Perth St Andrews Callander Cupar Glenrothes Dunblane Alloa Buckhaven Stirling Cowdenbeath Kirkcaldy Dunfermline Helensburgh Denny North Berwick Dunoon Stenhousemuir Dumbarton Kilsyth Edinburgh Dunbar Falkirk Glasgow Bo'ness Greenock Livingston Haddington Paisley Edinburgh Rothesay Motherwell Eyemouth Largs Islay Hamilton Peebles Biggar Irvine Kilmarnock Melrose Coldstream Brodick Muirkirk Troon Prestwick Kelso Belford Prestwick Machrihanish Cumnock Ayr New Cumnock Campbeltown Maybole Sanquhar Turnberry Moffat Girvan Thornhill Amble Morpeth Ballantrae Otterburn Newbiggin- Londonderry Kielder by-the-Sea Blyth New Lockerbie Galloway Woolsington Whitley Bay Dumfries Newcastle International Airport Kirkcolm Gretna Tynemouth Newton Haltwhistle Prudhoe Stewart Dalbeattie Annan Stranraer Newcastle-upon-Tyne Glenluce Kirkcudbright Brampton Sunderland Portpatrick Wetheral Allonby Wigton Port Logan Whithorn Durham Peterlee Drummore Maryport Bishop A1M Auckland Hartlepool Belfast Workington Keswick Penrith Whitehaven Durham Tees A66 Valley Airport St Bees Middlesbrough Whitby Darlington Seascale Richmond Windermere Ramsey Ravenglass Coniston A19 Scarborough Peel A170 Pickering Filey Douglas Ripon Ballasalla Lancaster A1 Castletown Harrogate Bridlington York Hornsea Beverley Blackburn Bradford Leeds Kingston M65 upon Hull M621 A1(M) Preston M62 A565 Goole M6 Rochdale Humberside Bury M1 Huddersfield Scunthorpe M62 M58 Bolton Barnsley Grimsby Doncaster Caistor Manchester Liverpool Gainsborough M60 Market M6 Stockport Rasen Louth Mablethorpe Sheffield Retford Runcorn Sutton-on-Sea Wragby M56 Macclesfield Chesterfield Lincoln M6 A1 Horncastle Ingoldmells Caernarfon Chester Skegness Newark- on-Trent Wells next Location Situation Coningsby the Sea Ashbourne Sleaford Nefyn Porthmadog Nottingham Sheringham Grantham Boston Hunstanton Holt Cromer Criccieth Whitchurch Stone Derby Pwllheli Holbeach Fakenham Southampton is an established commercial centre on the south coast Carlton House is located at the geographical and commercial heart of Long N. Walsham Sutton Aylsham of England, located approximately 80 miles (128 km) south-west Southampton. It is situated on the corner ofMelyon Southampton StreetSpalding and Mowbray King's Lynn of London,Barmouth 20 miles (32 km) north-west of Portsmouth andShrewsbury 14 miles Carlton Place opposite the Cricketers Arms and a short distance from Hemsby East Wisbech E. Dereham Norwich Welshpool Bedford Place. Midlands Stamford Swaffham Great (22 km) south of Winchester. It is a modern and vibrant cityTelford with a Tamworth Yarmouth thriving population of approximately 1,014,000 within 10 miles of Norwich Walsall Leicester Wymondham the cityAberdovey centre, which includes over 35,000 students. WolverhamptonBedford Place comprisesNuneaton one of Southampton’s main leisure andPeterborough Downham Corby Oundle Market Lowestoft Church Birmingham Market Chatteris Attleborough Beccles Stretton Oldburyevening/late night locations, andHarborough is a popular destination for Brandon Kessingland Newtown Thetford Diss Kerry County Southampton benefits from excellent transport communications, studentsBirmingham and professionalsCoventry alike. In addition, there are a number of Bungay Aberystwyth Kettering Southwold Waterford being situated at the southern end of the M3 motorway (JunctionLudlow convenience stores and otherRugby amenities within walking distance on Llandrindod Kidderminster Huntingdon Ely Halesworth 14), which provides direct access to London and the M25 motorway London Road. Coventry Mildenhall Wells Leominster Warwick Northampton Leiston (Junction 12) to the north-east. The M27 Motorway intersects theBromyard Daventry St Neots Aberaeron Newmarket Bury St Stowmarket M3 to north of the city and provides access to Portsmouth to the WorcesterThe University of Southampton’s main Highfield campus is Edmunds Tregaron Bedford Cambridge Aldeburgh east (18 miles) and BournemouthLlanelwedd to the Hay-west (33 miles). Access to approximately 1.9 miles to the north and Southampton Solent Cambridge Haverhill Lampeter on-Wye Great Woodbridge Malvern Milton Ipswich Cardiganthe city centre from the M27 motorway is provided via University’s main campus is approximately 0.6 milesKeynes to the south of Sudbury Llandovery Cork the M271 motorway (Junction 3) and the A33. Hereford the subject property. A University bus stop is located within walking Fishguard Ledbury Felixstowe Brecon distance of the property on London Road, with both the U1 and U2 Colchester Gloucester Braintree Cheltenham Cheltenham Banbury Stevenage St.National Express coach services between Southampton city Uni-link buses providing a direct connection to the Highfield Campus. Stansted A12 Walton on the Naze Haverfordwest Clears Luton centreCarmarthen and London Victoria bus station are popular with students, Tiptree Frinton-on-Sea Merthyr Monmouth Gloucester Clacton-on-Sea Milford operating an hourly return with fastest journey times of M40 Haven Llanelli Tenby approximately 2 hours. Oxford Neath Chelmsford Pembroke Cwmbran Stroud M25 Swansea M25 D M5 R Southampton CentralPort railwayPontypridd station provides regular M4train services SwanseaTalbot A46 OW Bridgend M4 B L Newport London D S to London Waterloo, with a fastest journey time of approximately A34 E O D RSET TON PL ON F ARL Reading O C 1 hour 20 minutes.Porthcawl Local services operate to BournemouthCardiff and M4 R Bristol S Bristol D London-City MargateT RD Portsmouth Harbour in 37 minutes and 49 minutesPenarth respectively. P Llantwit Heathrow L N Broadstairs Barry A Newbury CE South West Trains, NetworkMajor Rail andCardiff Southampton City Council are DO M25 NKent Intnl. Ramsgate Weston A338 LO currently undertaking a circa £3 million refurbishmentSuper-Mare of the A3station.7 Bath M20 M2 Lynton Lynmouth M3 Sandwich Ilfracombe A34 Canterbury Maidstone Deal Minehead Guildford Southampton International Airport is located approximately 4.5 Basingstoke A S Bridgwater BO T A36 Dover. Barnstaple M20 AN miles (7.5 km) to the north-east of the city centre, and provides V E FolkestoneD Salisbury TunbridgeCOMMERCIAL RD B Winchester R A303 AR scheduled and charter flights to variousTaunton domestic and short-haul Wells EW S S Southampton R Clovelly internationalBideford destinations. During 2013 it handled approximately T D South SOUTHAMPTON A3 Solent Wellington Shaftesbury University 1.72 millionGreat passengers.Molton M27 Southampton Torrington Crewkerne A354 ESPLANA Holsworthy Brighton Central ERN DE Sherborne EST A27 W K Bude I Honiton Lyme N G Regis Portsmouth S Okehampton Crediton Dorchester Poole W Bournemouth A Exeter Sidmouth A31 Y Tintagel Exeter Launceston A Newton Exmouth 33 Padstow Abbot Teignmouth Wadebridge Tavistock Bodmin Newquay Plymouth Torquay Newquay Looe Totnes Plymouth Paignton St. Austell Redruth Truro Kingsbridge Dartmouth St. Ives Salcombe Penzance Heliport Hayle St Mawes St Just Penzance Falmouth Helston Description & Specification The property comprises a four storey concrete framed former office building (previously 21,000 sq ft NIA), with bar unit and single 6 bedroom and single 4 bedroom apartment at ground level with 15 further 4 bedroom apartments on the upper floors.