Lyttleton House - One bedroom apartments in Birmingham, UK.

- Highest Quality, Premium Finish
- A Thriving New Asset Class
- A Private Gated Development with Private Gardens
- Ample Parking & Excellent Facilities
- Free Furniture Pack & Ready to Rent (Included in the Price)
- 8% Guaranteed NET Rental Yield with Low Outgoings
- Close to Various University Campuses
- The Perfect Armchair Investment

Between 1996 and last year student numbers have risen from 1.8 million to 2.4 million - an annual growth rate of 2.5 per cent. According to Knight Frank, the leading agent in this market, this trend is set to keep rising. Most key university towns reported nearly 100 percent occupancy in halls last year. Figures from the Universities and Colleges Admissions Service showed a 12 per cent rise in applications in October 2010 as the rise in unemployment has led to an increase in people turning to higher education. Rents are the main attraction.

Funds that invested in student accommodation in towns such as Bristol, Leeds or Liverpool since last year have enjoyed a rental returns increase of 13 per cent. Over that period student rents in Birmingham rose by 10 per cent.

Whilst rent rises cannot be guaranteed, there is growing evidence that any increase in the supply of quality student accommodation would be more than matched by the expected rise in demand. There is an increasing trend for post graduate students to seek improved facilities for peaceful study and added comfort.

Investment Summary:
Individual unit price £42,000
Individual 99 year leases
Year One - 8% guaranteed NET return
Projected NET rental income year 2 onwards 8% to 10%
Building fully managed by independent management company with fixed management fees
£5,000 Reservation Fee
£16,000 on exchange (two weeks after reservation)
£21,000 on completion (on or before January 2012)
Tenants will sign 12 month rental agreement with management company
Quarterly income paid in arrears
Turn-key hassle free investment opportunity

What is a boutique student residence?
Boutique Student Residence was developed as a unique concept of student accommodation that is more targeted at the end user category of international, post-grad and mature students. Historically student accommodation has been provided by three or four bedroom terraced/semi detached houses (normal family dwellings) or by the big commercial operations in large 200 to 300 bed purpose built student blocks.

We have identified a small niche in the market of refurbishing existing period/historic buildings both residential or commercial offices into 50 to 70 bedroom schemes of student residences with a higher level of t out and amenities. We are creating a unique student experience. Our High standard en-suite study bedrooms will provide facilities to match the expectations of today’s post graduate student.

The Opportunity
Planning
Lyttleton House is an existing purpose-built student residence which does not require planning approval for change of use.

Refurbishment
A fourteen week scheme of refurbishment has been put in place which will bring the building up to the modern standards demanded by today’s students. Refurbishment work is scheduled to commence end of June 2011 in readiness for January 2012 and the start of the 2nd semester for 2011-2012 academic year.

Previous Development
Previous developments include the highly acclaimed seventy six room studio scheme, The Priory of St Wilfrid, close to Leeds University. The completed development was acquired by Cordea Savills Student Halls Investment Fund.

Location
Lyttleton House is located conveniently close to Adderley Park mainline rail station which serves Birmingham city centre, only one stop from New Street station. Local bus services run to most Birmingham colleges. The campuses of Birmingham City University and Aston University are located within a radius of 1-3 miles from Lyttleton House.

In 2010 Birmingham was ranked third in the UK and in the top 50 in the world of the best “quality of living” cities according to the Mercer index of worldwide standards. Birmingham is the most populous British city outside London giving it the prestigious label of the UK’s second city.

The City Council is the largest local authority in the UK with an average turnover of £2.43 billion. Birmingham’s city centre is the UK’s third largest retail centre with several shopping malls including the Mailbox and the Bullring. The historic Bullring - site of a market for more than 800 years currently attracts around 20 million customers per annum Birmingham and is famous for Cadburys Chocolate which was founded in the late 1800’s by John Cadbury and his brother Benjamin.

Birmingham is currently home to 3 Universities and 37 Colleges along with some 45 leisure centres, 15 hospitals and 5 parks. Birmingham is home to the UK’s second largest student population comprising of over 64,000 students.

What You Need To Know:
- Birmingham has the UK’s 2nd largest student population with more than 64,000 students
- 51% of full time students in Birmingham have NO purpose-built student accommodation meeting the current high level of expectations
- 2nd largest ”city economy” in the UK
- 3 Universities and 37 Colleges
- Birmingham City University 24,000 students, new campus 1.4 miles from the development
- National Student Survey ranked Aston University 11th in the UK
- 82 % of all graduates from Birmingham Aston University find “Graduate Level” jobs, ranked - 9th out of 120 UK universities
- Ranked 3rd best UK city for “quality of living” by Mercer

There following floor plans are available for this property