ereproperty.com COMMERCIAL INVESTMENT OPPORTUNITY Town Street, Bramley, Leeds, LS13 2ET
ereproperty.com Tenanted with immediate 9.73% net income 25 Year management agreement to include the 250- year lease and 19 parking spaces Potential exit opportunity within 3 years, with a minimum 30% uplift 1 VIEWPOINT HOUSE
Unique Opportunity to purchase 19 tenanted units and the superior lease for a 36-unit, newly converted development overlooking Bramley Shopping Centre. ERE Property has already sold individual 17 individual units at 10% higher prices, within just one week of going to market. Within the lease there is a clause whereby one person/company owns the majority of the building, including 19 parking spaces and the 250-year head lease. All units are currently let on a 25-year management agreement through Yale Housing Association which provides assisted care for vulnerable adults. There is potential for the developer to aggregate this building with others to sell to a pension fund within 3 years. This exit will only be exercised with a minimum of 30% profit to the original purchase price offered by ERE. Any overage to this will be split 50:50 between you and the developer, which makes this a very exciting opportunity. 2 VIEWPOINT HOUSE ereproperty.com
ereproperty.com Net yields of 9.73% Completed & tenanted 3 Includes 19 parking 10% discount to recent sales 250 year lease No extra costs, fully repairing lease Exciting minimum exit opportunity 30% profit
ereproperty.com 4 17 individual units have previously sold at £146,571, and 8.76% yield Now available for bulk purchase at £131,914 per apartment Exit opportunity within 3 years, potential 30% uplift + 50% of any overage Discounted Price at £2,506,364 (Discounted by £278,485) 9.73% net yield linked to inflation £50,000 Reservation fee Simultaneous exchange and completion SALES INFORMATION
ereproperty.com Currently, there is a huge undersupply of assisted care facilities in the Leeds area, with Leeds local authority having a huge waiting list of patients needing assisted care. Yale Housing Association is a registered CBS charity, which is also registered with the FCA, and provides quality 24- hour care within their facilities. Yale already manages Viewpoint house to an extremely high standard and has a waiting list of patients from Leeds authority. The developer has a number of buildings he plans to aggregate and sell to a pension fund, please see such an example below where Canada Life purchased at a yield of 3.25%, which would value these 19 apartments at over £7.9 Million The Developer will exercise the sale at a minimum of 30% uplift of your original purchase price and split any overage 50:50 https://www.canadalifeassetmanagement.co.uk/press-releases/canada-life-asset-management-announcesfinancing-agreement-for-specialised-supported-living-portfolio/ 5 THE OPPORTUNITY
1 BEDROOM APARTMENTS ereproperty.com Open plan living and kitchen area Integrated Electric Hob and extractor Laminate flooring Wall mounted heaters Large double bedroom Tiled Shower Cubical 6
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B r a mle y i s a d i s t r i c t i n t h e E n gli s h c o u n t y o f W e s t Y o r k s h i r e. It i s lo c a t e d i n t h e C i t y o f L e e d s W a r d o f B r a mle y a n d S t a n n i n gle y ( L S 1 3 ), w h i c h h a d a p o p ula t i o n o f 2 1,3 3 4 a t t h e t i m e o f t h e 2 0 1 1 C e n s u s. Parks and op e n g r e e n s p a c e i n clu d e B r a mle y P a r k a n d B r a mle y F alls W o o d, w h i c h r u n s b e s i d e t h e L e e d s a n d L i v e r p o ol C a n al. Bramley railway station (off Stanningle y R o a d ) i s o n t h e L e e d s - B r a d f o r d L i n e. F i r s t L e e d s o p e r a t e s b u s li n e s f r o m L e e d s c i t y c e n t r e t o B r a mle y. Bramley S h o p p i n g C e n t r e o f f e r s a r a n g e r e t a il stores and cafes including Tesco, Boots, Costa, and a local Post Office. BRAMLEY ereproperty.com 8
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ereproperty.com LEEDS MAP 10
WELCOME TO LEEDS Leeds, Yorkshire is a thriving city located in the Northern England, with a current population of 812,000. Leeds has much to offer, with a vibrant city centre which is expected to double in size over the next 10 years. Leeds is rich in culture and history, and it has a lot to offer visitors and local residents. ereproperty.com 11
LEEDS CITY CENTRE 12 ereproperty.com
Leeds is a major UK business centre and one of the best places in Europe to locate a business. The city sits at the heart of a wider city region which has an economy worth over £69 billion per annum and an estimated workforce of 1.4 million. According to the UK Government, the economy in Leeds is expected to increase by a further 21% over the next 10 years, with financial and business services accounting for more than half of the expansion. The Leeds City Region is home to 30 plus national and international banks and three of the country’s five largest building societies, making it the UK’s second centre for banking. Leeds currently has a combined workforce of 1.37 million (Leeds Gov) and boasts the greatest public-to-private-sector job ratio of any UK Core City! Leeds offers strong professionalism with large companies such as Deloitte, KPMG, Jet 2, Channel 4, Yorkshire Bank, and SKY having offices in Leeds. LEEDS ECONOMY ereproperty.com 13
Leeds is undergoing significant regeneration projects. Locals have witnessed the positive changes and expansion of the city centre. With more than £3.9 billion being invested in regeneration projects over the last decade. LEEDS REGENERATION The Headrow is a major route in and out of Leeds city centre and its £20 million makeover is going full steam ahead. It’s part of the wider £174 million project to upgrade public transport and improve the public realm across the city. The HS2 high-speed rail link between Leeds, Birmingham and London is predicted to deliver 19,700 new jobs and create a single economic corridor that will boost the Leeds City Region economy by £7.8 billion a year. 'Two new hospitals will be developed in Leeds over the next ten years as part of the Hospitals of the Future campaign to improve healthcare in the city.' Creating an estimated 3,000 new jobs and enhancing the region's economy by up to £11.2 billion (According to PwC). 14 ereproperty.com