“student rent has doubled in the last decade” · enjoy a market-leading average occupancy rate...
TRANSCRIPT
“STUDENT RENT HAS DOUBLED IN THE LAST
DECADE”THE COMPLETE UNIVERSITY GUIDE
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04 Welcome to X1 The Campus
06 Why invest in student property?
08 Campus map
10 Example floor plan
12 Studio apartment plan
14 The City of Salford
16 University of Salford
18 Developer profile
21 Q&A - Next steps
“A RECORD £5.9BN WORTH OF STUDENT ACCOMMODATION
WAS TRADED IN 2015/16”
SAVILLS
X1 The Campus occupies an amazing
location right on the corner of the
University of Salford Frederick Road
Campus and consists of 347 studio
student apartments across ten floors. All
apartments, from the standard studios
to the stunning penthouse studios, are
furnished to the highest standards and
come with stylish modern fixtures and
fittings.
Student residents will benefit from a
wide variety of on-site amenities such
as a state-of-the-art private gymnasium,
a cinema room and large communal
lounges for socialising and studying. X1
The Campus also provides more practical
amenities for the benefit of the students
including a management office, a laundry
room, secure bicycle storage and secure
underground parking on selected units.
X1 The Campus is within walking distance
of local pubs and bars, as well as being
close to public transport which links
students to both Salford and Manchester
city centres. Students will have access
to local green spaces such as Peel
Park where they can escape from busy
university life, whilst also being well
placed to enjoy all the benefits of modern
urban living in one of the UK’s most
exciting cities.
X1 The Campus is the latest addition to the portfolio which nowcomprises more than 80 developments. X1 The Campus is the newest luxury student development from developer X1 in the increasingly popular Salford student accommodation market.
Welcome to X1 The Campus
£5.9bn
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Living room and bathroom suite
X1 The Campus Phase 1 - Exterior
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The images provided in this document are intended as a guide and could be subject to change
Higher tuition fees and the ever-
increasing cost of living have done little
to put young people off the idea of
attending university. Due to this, demand
for high quality student accommodation
has never been higher at a time when
there is a general lack of supply available
across much of the UK.
Traditional university halls have a
reputation for being cheap and cheerful,
but being generally of a low quality.
Therefore, modern students have begun
to wonder whether they could get more
for their money. This is where PBSA
comes in, offering a first rate student
living experience with quality modern
conveniences at competitive prices.
The growth of the private sector in
response to this trend has been so
significant that the National Union of
Students has predicted that the private
sector will be the majority supplier of
student accommodation by 2018.
Over the last decade, Purpose Built Student Accommodation (PBSA) has become one of the UK’s strongest and most desirable asset classes. As the market has matured the sector has become globally recognised as a fantastic investment opportunity, and since 2011 student property has significantly outperformed all other traditional property investments.
Why invest in student property?
“THE NUMBER OF APPLICANTS
FROM OVERSEAS REMAINED HIGH”
UCAS, 2017
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Maxwell Building
Salford University
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FREDERICK ROAD
BROAD STREET
Salford Business School
University of Salford Student Union
Sports Centre
Peel Park
Salford Museum & Art Gallery
BROAD STREET
University of Salford
Campus
Allerton Studios
Allerton Buildings
Mary Seacole Buildings
Myers Building
University House
Business House
Chapman Building & Gallery
Maxwell Building
Represents a 0.6 miles
Railway Station
University of Salford
Perfectly located FREDERICK ROAD, SALFORD
X1 The Campus is located in Salford with many of the University of Salford’s departmental buildings being within a five minute walk of the site. There are excellent transport connections by road and rail with Salford Crescent train station nearby. Salford Shopping Centre is also a short walk from the site.
GREATER MANCHESTER AREA
Salford
Manchester
Greater Manchester
NORTH
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Manchester and Salford
Rive
r Irw
ell
Salford Crescent Station
University of Salford
Campus
Salford Central Station
Deansgate Station
Manchester Oxford Road Station
Deansgate Station (3 minutes)Manchester Victoria Station (6 minutes)Manchester Piccadilly Station (11 minutes)
Rail times from Salford Crescent Station to...
Manchester VictoriaStation
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1. Castlefield (1.9 miles)Waterfront leisure areaBeautiful historic area, filled with independent bars, great restaurants and museums.
2. Beetham Tower (1.9 miles)Iconic skyline landmarkBeetham Tower epitomises luxury both inside and out — the glass-fronted exterior hosts a luxury Hilton hotel and Cloud 23, a bar that offers unparalleled city views from the 23rd floor.
3. Spinningfields (1.8 miles)Business and financial districtOne of the trendiest parts of town with high-class establishments for those looking for a classy night out.
4. Manchester Central (2.2 miles)11,000 capacity exhibition centreManchester Central has been a recognisable landmark in the city for many years, providing Manchester with over 23,000 square metres of flexible space for events and exhibitions.
5. Manchester City Centre (2.2 miles)Business and residential areaThe life and soul of Manchester with excellent shopping opportunities, transportation and eateries.
6. The Arndale Centre (2.0 miles)Manchester’s premier retail complexThe Arndale Centre is the third-largest city centre shopping centre in Europe, with a massive 1.5 million sqft of shopping space and welcoming over 41 million visitors annually.
NORTH
Ground Floor Example planX1 The Campus has a host of on-site amenities, including a private gym, stunning outdoor communal areas and parking available.
This development comprises 347 student studio apartments which includes 11 penthouse apartments.
Communallounge
Reception area
Residents gym
Landscaped courtyard
Bike storage 80 spaces
Ramp down to car park
Salford University Buildings
Studio apartments
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Block A
Salford UniversityAllerton Studios Building
“93% OF SALFORD STUDENTS ARE NOT
HOUSED BY THE UNIVERSITY”
COMPLETE UNIVERSITY GUIDE, 2016
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Studio apartments
* All plans are based on concepts provided by the developer, are indicative only and are subject to change.
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Block B
* All plans are based on concepts provided by the developer, are indicative only and are subject to change.
Example Floor PlansStudio Apartments
KitchenWindow Bathroom
Entrance
Storage
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• Estimated annual NET rental return of 6%
• Private student accommodation is a booming investment class
• Built by experienced developer X1
• Top quality student accommodation right next to the University of Salford
• Close to excellent public transport links
• Walking distance to local shops, bars and restaurants
• Within easy reach of Salford and Manchester city centres
Investment Highlights
13The images provided in this document are intended as a guide and could be subject to change
Bedroom
The city has become known as a technology,
media and telecommunications hub centred
on MediaCityUK, Europe’s first purpose-built
media hub and home to the BBC and ITV
among others. Salford has been thrust into
the limelight and become a leader in the high-
tech and digital industries that will power the
North of England in the coming years.
The migration of young professionals and
students to the North is a well-documented
trend which looks set to continue into the
foreseeable future. Students are enamoured
with Salford and more and more young
people from all over the world are flocking to
the University of Salford every year to take
advantage of what the city has to offer.
The city of Salford, neighbour to the larger city of Manchester, has come a long way in recent years and is now one of the most desirable places to live and work in the UK. The BBC chose to move to Salford in 2006 and, since then, investment has poured into the city. Today, Salford is a very important part of the larger Greater Manchester economy and a key player in the Government’s Northern Powerhouse scheme.
Salford:A Thriving Student Hub
“THERE ARE ALMOST 19,000 STUDENTS AT THE UNIVERSITY OF
SALFORD”HESA
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ITV Studios at Salford Quays
MediaCityUK - Salford
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“THERE ARE CURRENTLY OVER 2.3 MILLION STUDENTS
IN THE UK”HIGHER EDUCATION STATISTICS
AGENCY
The University of Salford enjoys global
renown for both the quality of the education
provided and the research undertaken
by its staff. The University is particularly
well known for its work in engineering
and advanced technology. Media and
communication are also strong areas, with
both going from strength to strength as a
result of the University’s brand-new media
campus in the heart of MediaCityUK.
A 20 year, multi-million-pound plan
to redevelop the University’s campus
environment and contribute to the
regeneration of the local area is currently
underway. Salford is already a popular
destination for students from home and
abroad and will become even more so in
the future.
The University boasts a student population
of almost 19,000, of which over 17,500
are not currently housed by the university
– more than 90%. The 347 studio
apartments in X1 The Campus will provide
accommodation for 1.4% of the University’s
currently unhoused population. Student
numbers continue to grow year-on-year
and, with the acute supply and demand
imbalance in the local area, students will be
eager to live in X1 The Campus.
X1 The Campus possesses an enviable position right on the corner of the University of Salford Frederick Road Campus, just minutes from the River Irwell and Salford city centre.
University of Salford
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University of Salford
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X1 also operates an award winning lettings and management company – X1 Lettings – providing both residential and luxury student accommodation to the markets in Manchester and Liverpool. The lettings managers are friendly, enthusiastic, extremely knowledgeable and go above and beyond for both investors and residents.
In June 2016 X1 Lettings won the Silver award for the Best Block Management Company at the prestigious Lettings Agent of the Year 2016 Awards, which is a testament to X1 Lettings’ dedication to providing the best possible service for both tenants and landlords alike.
X1 Lettings is proud to boast a market-leading occupancy rate across their sites, with the thousands of happy residents providing evidence of their professionalism, knowledge and enthusiasm. The luxury student apartments are particularly popular, and X1 is inundated every year with students who are eager to live in their top quality accommodation.
X1 The Campus will be the latest in a long line of developments in Salford, and X1’s continued investment in the area speaks to the Salford’s appeal as an investment hotspot. Over the page are two Salford developments which have thrived in this booming market – X1 Town Hall and X1 Chapel Street.
Based in Liverpool, X1 is one of the North West’s premier developers with large-scale developments in key growth areas such as Liverpool, Manchester, Salford and, most recently, Leeds. The X1 portfolio is stocked with instantly recognisable buildings which have helped change the face of the region.
DeveloperProfile
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MARKET - LEADING OCCUPANCY RATES
X1 Town Hall is a converted Grade II listed building which now contains 134
residential units for young professionals in the city of Salford.
Since completion, X1 Town Hall has proven to be one of X1’s most popular and
successful developments for tenants and investors alike, thanks to the incredible
standard of the apartments and the unique setting. X1’s Manchester developments
enjoy a market-leading average occupancy rate of over 97%.
X1 Town Hall
Launch Date - Q3 2013
Completion Date - Q3 2015
Rental Yield - 6%
Purchase Price - £79,950
Current Value - £105,000
Avg Monthly Rent - £720.00
[Sale price taken from Intus Residential, June 2016][Sale price taken from studentpodshop.com, August 2014]
X1 Chapel StreetMuch like X1 The Campus, X1 Chapel Street is purpose-built student
accommodation designed to serve the almost 19,000 students who call the
University of Salford home.
Comprised of 109 student apartments, this development is extremely popular and
fully booked for September 2017. The 100% occupancy rate speaks to the quality of
the development and the service provided by X1 Lettings, as well as the strength of
the local student rental market.
Launch Date - Q2 2013
Completion Date - Q3 2014
Rental Yield - 8%
Purchase Price - £54,950
Sale Price (2014) - £64,950
Avg Weekly Rent - £147.00
X1 Media City, Tower 4Salford QuaysAVAILABLE
X1 Media City, Tower 1, 2 & 3Salford QuaysSOLD OUT & IN CONSTRUCTION
X1 The PlazaManchesterSOLD OUT & IN CONSTRUCTION
X1 AireLeedsSOLD OUT & TENANTED
X1 Liverpool One Phase 3LiverpoolSOLD OUT & TENANTED
X1 EastbankManchesterSOLD OUT & TENANTED
X1 Salford Quays Phase 3ManchesterSOLD OUT & TENANTED
X1 The ExchangeManchesterSOLD OUT & TENANTED
X1 The Terrace at X1 The QuarterLiverpoolSOLD OUT & TENANTED
The Studios at X1 The QuarterLiverpoolSOLD OUT & TENANTED
The Courtyard at X1 The QuarterLiverpoolSOLD OUT & TENANTED
The Gallery at X1 The QuarterLiverpoolSOLD OUT & TENANTED
X1 The EdgeLiverpoolSOLD OUT & TENANTED
X1 Liverpool One Phases 1 & 2LiverpoolSOLD OUT & TENANTED
X1 Town HallManchesterSOLD OUT & TENANTED
X1 Chapel StreetManchesterSOLD OUT & TENANTED
X1 Salford Quays Phases 1 & 2ManchesterSOLD OUT & TENANTED
X1 Arndale HouseLiverpoolSOLD OUT & TENANTED
X1 Borden CourtLiverpoolSOLD OUT & TENANTED
Previous X1Developments
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1. Speak to your designated Property Consultant
2. Choose your perfect apartment and pay the deposit
3. Both sets of solicitors are instructed, and the legal documents and
sales pack sent out to you
4. Upon exchange of contract, 25% of the balance is payable minus
reservation fee
5. 25% due 6 months after exchange of contracts
6. The remaining 50% of the balance is payable upon completion
Am I buying freehold or leasehold?
999 years leasehold
What is the address of the site?
X1 The Campus, 30 Frederick Road, Salford, M6 6NY
How much is the ground rent?
£350 per annum
What are the projected annual returns on this development?
Rental returns are estimated at 6% NET annually
When is my rental income paid?
Quarterly in arrears, directly into your bank account
Is there a management company in place?
Yes. The award winning X1 Lettings will let and manage the development in its
entirety
Are there any restrictions if I want to sell?
Yes, X1 The Campus is a student development, so the apartment must be sold as
student accommodation
QuestionsAnswered
NextSteps
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