EPC Assessments

jkeenan

I was at a investment show in the RDS last summer. I am thinking at investing about €19K in one of their UK based schemes. However I'm new to this and am a little worried about being stung

this is the content of the page, I know I should get some independent advice, but could someone here recommend who to go to, or even a list please.
I hope its ok to post this content, I've removed their contact details, so this is not spammy material, just all the info i have over and above the meeting I had with a rep.
I'd imagine that at €19K a slot that there would be a lot of others involved and this would have to bring its own problems, but like I said I'm green and if I can learn from someone elses mistakes or experiences then great.


thank you in advance

COMMERCIAL BUY TO LET WITH POSITIVE CASH FLOW
New availability: Manchester, Liverpool Airport, Preston and Ashton
We have a successful blueprint for business centres at Liverpool Airport, Preston, Blackburn, Burnley and Blackpool, which have all been extremely successful and have experienced a very high demand from investors.
MONEY IN YOUR POCKET EACH MONTH - POSITIVE CASH FLOW
There are many benefits but the main one of interest to investors is the positive cash flow that this investment delivers. This investment will put approx £110 in your pocket every month with upward rental reviews built into the contract every 3 years your cash flow will increase.
THE INVESTMENT
Commercial Buy to let of these 500 sq ft office suites is a similar concept to buy to let of apartments with your tenants renting to work instead of renting to live. However, the investment has some advantages over many residential buy to let opportunities as the yields are higher, the tenant pays the service charge, upward rental reviews are built in and the tenants are generally easier as they are professionals working in your unit, it is in their interest to keep their work area in good condition.
BENEFITS

· Discounted from £114,950 to £99,950 or £99,950 to £89,950
· Low deposit of 10%
· 12 month rental guarantee at 8% yield
· Ongoing rent at 8% yield
· Luxury Office Suites (500sq ft)
· Excellent locations
· Shared reception and board room facilities
· Ample spacious car parking
· Long term Lets (3 – 5 years)
· Quality tenants
· SIPP friendly
· Tax benefits (taper relief form 40% - 10% if you sell after 2 years)
· Fully managed and maintained
· Tenant pays the service charge

EXAMPLE LOCATION AT ASHTON NEAR MANCHESTER CITY CENTRE - BACKGROUND ON THE AREA
This development of 104 luxury office suites is located in the centre of a regeneration area.
Since its launch in 1996, almost half a billion pounds worth of investment has been attracted into the town by the Ashton-under-Lyne Regeneration Project. As a result of this continued investment and the growing confidence in Ashton, the town has grown to be the third busiest in Greater Manchester – ahead of Stockport, Bolton, Oldham and Rochdale.
Investment in Ashton is being led by the large key development sites at Ashton Moss and St Petersfield and with the opening of Ikea and the planned doubling of the Arcades shopping centre the town is set to attract an increasing range of visitors from further a field.
Chair of the Ashton Regeneration Project, Councillor Jack Davis said: “Tameside Council along with the private sector have reached and environment in Ashton, which is proving extremely attractive to investors and developers. As a result, many new jobs are being created that are being targeted at local residents. Ongoing developments at Ashton Moss including the creation of the Leisure Park, which continues to grow and the groundbreaking development at St Petersfield will change the face of Ashton for the better”.
IKEA ARRIVAL
The arrival of Ikea’s first town centre based store in the Country will create new jobs and will bring more money into the local economy improving the quality of life enjoyed by Ashton townspeople.
TRAVEL LINKS – INCLUDING A LINK TO MANCHESTERS TRAM SYSTEM
As a location, there is good access to the M60, good rail connections from two train stations and the planned arrival of the Metrolink light rail system will undoubtedly add value to the area.
DEVELOPMENTS IN THE AREA
Major schemes in the area have already been brought forward including Bellway Homes at Portland Basin, AMEC Developments at Ashton Moss and ASK Developments at St Petersfield.
Significant numbers of private sector developments are maximising the existing potential in both residential and commercial schemes. The economy of the area is moving away from traditional industry to a wider range of services and activities, many in retail, cultural and creative industries, the office and finance sectors.
The total investment and secure commitment for the area now stands at:
· £400 million and rising
· £80 million secured for retailing
· £75 million secured for business/leisure
We offer our clients a unique opportunity to invest into the commercial market and enjoy the returns and rewards it has to offer. We understand that our clients require the very best in all the key areas of property investment. The correct location is a major factor in any property investing decision, if you add the excellent build and finish standards and the structure of this investment we believe you will be on the right track to a very strong investment.
BENEFITS FOR YOUR TENANTS?
· Premier office space accessed through a striking reception area
· A fully staffed reception area
· Office suites available in 500sq ft units or multiples there of
· Excellent natural light to all offices and equipped with LG3 lighting.
· Energy efficient heating system with air conditioned option
· Lift access to all floors
· 24 hour access with full security system
· Network connection capability to all suites
· High quality communal WC shower and kitchen facilities
· Bespoke furniture/hardware packaged available
· Straightforward 4-page lease with agreed breakpoint
Offering luxury managed and fully serviced offices, this superb development provides a great opportunity for our clients to invest in off-plan commercial property, in a regeneration area that is set to quite literally explode in terms of growth, investment, and employment and business opportunities. The key to investing in a regeneration area is to identify an area which will undergo positive change – examples include infrastructure improvements, new jobs, expanding populations, expanding local economy, expanding services sector and big investment projects.
FINANCIAL OUTLINE




Purchase Price (Market Value)

£ 114,950

Discount



£ 15,000

Off Plan Price (OPP)


£ 99,950

Mortgage Amount (80% of MV)

£ 91,960


Reservation Fee


£ 2,000

PIQ Arrangement Fee Inc VAT

£ 2,350

Balance of Deposit (10% less the reservation fee)
£ 7,995

Total Up Front Costs (within 45 days)

£ 12,345


Funds Required for Completion


Solicitor fees


£ 400

Stamp Duty if applicable @ 1%

£ 0

Estimated Mortgage Valuation Fee

£ 300

Service Charge per annum (refundable from tenant)
£ 1,000

Est. Search Fees, Transfer Fees, Rag Fees, Ground Rent etc
£ 700

Total Completion Costs


£ 2,400

Cash Back from 80% mortgage

£ 1,105

Actual Funds required for Completion

£ 1,295

Total Funds for investment

£ 13,640


RESERVATION PROCESS
Please contact us to make your reservation, you will be required to sign a reservation form and pay your £2,000 reservation fee which is part of your total investment and our £2,000 plus VAT admin fee. You will be required to pay the remainder of your 10% deposit approximately 6 weeks after your reservation. You will be offered help in locating a suitable mortgage or your can source your own mortgage nearer to completion which would be approx 18 – 24 months from now.