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* 4 Bed HMO – Net Returns from 16.30 % * Please see below for full financial breakdown Design and Build project in Lancaster minutes from the city centre that will enable an excellent 4-bedroom, 4-bathroom unit THE PROPERTY • A sought-after area with easy access to the Universities, large employers, local amenities, and the town centre. Just off the M6 and on transport routes to both university campuses in Lancaster. • Spacious enough to enable a 4-bedroom multi let: all with double rooms and 4 bathrooms • Located in close proximity to Royal Lancaster Infirmary, part of the University Hospitals of Morecambe Bay NHS Foundation Trust. This provides further professional and student demand due to the extensive medical and nursing courses offered at the University. Returns in excess of 16.30% CHOOSE LANCASTER : GREAT VALUE FOR MONEY : EXCELLENT POTENTIAL GROWTH RATE: FANTASTIC RETURNS NEW ARTICLE 4 ANNOUNCEMENT REGARDING THIS PROPERTY LANCASTER COUNTY COUNCIL HAVE CONFIRMED THEIR DECISION TO INTRODUCE ARTICLE 4 PLANNING PERMISSION FROM THE 11TH NOVEMBER 2021. THIS WILL MEAN, THAT THROUGHOUT THE CITY AND FROM THAT DATE, ALL RESIDENTIAL PROPERTIES THAT ARE TO BE REFURBISHED TO PROVIDE MULTI LET ACCOMMODATION OF MORE THAN TWO UNRELATED TENANTS WILL REQUIRE FULL PLANNING PERMISSION. THE CAVEAT TO THIS IS THAT BEFORE 11TH NOVEMBER 2021 ANY PROJECT THAT HAS HAD BUILDING REGULATIONS SUBMITTED AND CONSTRUCTION UNDERWAY WILL NOT REQUIRE ANY FURTHER PERMISSION. WE HAVE BEEN THROUGH THIS EXACT SITUATION BEFORE, THREE YEARS AGO IN SALFORD. IN REAL TERMS FROM THIS DATE, IT WILL NOT BE POSSIBLE TO CONTINUE REMODELLING PROJECTS THAT ARE WITHIN THE LANCASTER BOUNDARY. ON THE OTHER HAND, FOR PEOPLE THAT HAVE ALREADY INVESTED WITH US AND HAVE PROPERTY WITHIN THAT AREA IT WILL BRING AN AUTOMATIC INCREASE IN THE VALUE OF THEIR CURRENT UNITS. THE FACT THAT YOU HAVE A GROWTH MARKET WITH A SUPPLY THAT IS STATIC WILL OBVIOUSLY INCREASE THE VALUE OF THAT PRODUCT AND PROTECT FUTURE RENTAL BUSINESS. AS WE HAD IN SALFORD, WE NOW HAVE A WINDOW OF OPPORTUNITY FOR OUR CLIENTS. AS LONG AS THE LEGAL PROPERTY PURCHASE IS COMPLETED BY THE END OF THE FIRST WEEK OF NOVEMBER, WE GUARANTEE TO AVOID THIS REGULATION, GIVING NEW AND EXISTING CLIENTS ACCESS TO AN INCREASE GROWTH IN PROPERTY VALUE WAY ABOVE THE NORMAL ANNUAL GROWTH. THE INCREASE IN PRICE OF SUITABLE PROPERTIES WILL, NO DOUBT, START TO OCCUR AS WE GET NEARER TO THE DEADLINE. WHEN THE UNIVERSITIES RETURN TO NORMAL NEXT YEAR THE LACK OF NEW PROJECTS WILL THEN GUARANTEE, FULL HOUSES AND HIGHER RENTS. • Within the Lancaster area we have three lucrative rental sources, Lancaster University, University of Cumbria and the student department at the teaching hospital. • There is also Heysham power station which also has many short-term contractors. • Lancaster and Cumbria University have in excess of 15,000 students, creating an exciting proposition for ourselves and our investors alike. The universities only provide accommodation for first year students onsite and thereafter have to move to city centre location which makes for a fantastic chance to take full advantage of investment without any risk. • With years of experience and a solid track record in student accommodation we are able to recognise that there is currently a very limited number of bespoke, fully licenced, and regulated student properties available. This creates a fantastic opportunity and excellent opportunities for high yields. • Our success rate in Salford includes over 500 rooms fully occupied. In Lancaster, the pro-rata demand for student and professional lettings is even greater. • Our Lancaster properties are town centre located, they will not only have an increase in value due to the transformation from single dwelling to a commercial HMO, they will also actually generically gain in value as all town centre units do over any given period. THE FINISHED PRODUCT • Will be refurbished to the highest standard and contain all the necessities for student life within the furniture pack plus WIFI, bike storage etc. • All rooms will be rented at £90 - £100 (ensuite) per person per week. • Will be supplied, fully regulated and compliant with the local council and passed for university accommodation approval on completion of the building work with all necessary approvals. • Will be completed including University required extras such as full fire safety accreditation. This comprises of interlinked smoke alarms in all rooms, emergency lighting systems, appropriate fire panels and heat sensors. INVESTMENT OPPORTUNITY Langdale Road, Lancaster 4 bed, 4 bathroom HMO with Net returns from 16.30% Langdale Road - Financial Breakdown – 4 Bedroom – 4 Bathrooms Purchase Price: £120,000.00 Deposit: £30,0000.00 - Mortgage (75% LTV) Conversion/Build: £45,000.00* approx. (subject to further onsite visits) Set up costs/ Design & Build Fees inc VAT - £15,000 Legals - £1,300 Stamp duty -