KEY INVESTMENT POINTS:
ROBERT OWEN HOUSE, STUDENT INVESTMENT OPPORTUNITY:
Home to over 62,000 students, Glasgow is a city that cannot support its growing student population and subsequently, is experiencing a chronic shortage of purpose-built accommodation.
Experts at delivering high-quality student property to the private investor market, we are delighted to present Robert Owen House, an eight-storey development in the heart of the city, as a solution to the housing shortfall.
A former office building, Robert Owen House will comprise 101 studios, available at three different investment levels - standard, deluxe and premium. Additionally, in-keeping with the Fortis Developments brand, students living here will have access to a private gymnasium, laundry room, secure bicycle storage and communal entertainment lounge.
As with all Fortis Developments projects, Robert Owen House will be expertly managed and let by Fortis Students, which allows investors peace of mind that their investment does not need their presence to be managed effectively. There will also be an on-site caretaker in the building to ensure the well-being of the students.
Scotland's largest city, one of Europe's top 10 financial centres and leading industrial and trading hub, Glasgow is a booming city with a dynamic and healthy property market. The city holds a rich educational heritage, being home to distinguished universities including the University of Glasgow, which ranks within the top 1% of higher education institutions in the world.
Identified as the highest-yielding destination for student accommodation investment by Zoopla in 2013, Glasgow is very firmly on the radar of anyone on the hunt for a lucrative addition to their property portfolio.
Glasgow has a chronic shortage of student accommodation, with only 6,014 university owned beds for 62,000 full time students, which property experts Savills identified as an undersupplied market.
As an expert student accommodation provider, we have recognised this demand and are proud to deliver Robert Owen House as a solution to the housing requirements of students in Glasgow.
THE UNIVERSITY OF GLASGOW:
Founded in 1451, the University of Glasgow has a tradition of merit as the fourth oldest university in the United Kingdom. It is consistently ranked amongst the top 25 institutions in the UK and is in the top one per cent of the world, ensuring it regularly attracts high numbers of applicants from both within the UK and overseas.
The University of Glasgow is profoundly research-led and is both a member of the highly-esteemed Russell Group and Universitas 21. With more than 2,000 active researchers, research grants and contracts income totals more than £128m annually, making it one of the Top 10 earners for research in the UK.
THE UNIVERSITY OF STRATHCLYDE:
Named by The Times Higher Education Awards as "Entrepreneurial University of the Year", Strathclyde is now closer to its goal of becoming one the leading technological universities in the world. Now home to students from more than 100 counties, it is committed to the highest standards of teaching and innovation applicable for the benefit of society and the environment.
Having strong links with business and industry, Strathclyde University challenged traditional academic boundaries to solve global problems, while at the same time being placed in the heart of the city of Glasgow.
GLASGOW CALEDONIAN UNIVERSITY:
Formed in 1993, Glasgow Caledonian University is a vibrant, modern university. A small, single-campus institution in the heart of the city, it is considered an international centre of excellence, committed to delivering the ultimate student experience through its award winning Saltire Centre and the numerous on- campus facilities available to students.
Glasgow Caledonian is the first Scottish university to open a campus in London and work has started to establish a base in New York with a view to offering executive training and short courses.
Robert Owen House has three different sizes of studios available, to cater for the differing budgets and requirements of the local students.
Investment options for this development are:
Studios: Priced at £54,995
Premium Studios: Priced at £59,995
Deluxe Studios: Priced at £63,995
All units are fully-furnished and completion is expected May 2015.
Financial projection of premium studio (Purchase Price £59,995)
Investing in Robert Owen House is a quick and easy process, simply;
*Contracts need to be exchanged within 21 days of reservation/planning approved
Fortis Developments Ltd is one of the fastest growing development companies in the UK. The company was created to provide luxury developments, achieving the growing standards in the marketplace.
Firmly established at the forefront of the industry, Fortis Developments is now one of the most experienced and extensive developers of student accommodation, luxury apartments and regeneration schemes in the UK.
They undertake luxury student accommodation and regeneration projects in prime locations at key university sites nationwide. Along with their careful choice of locations, the cornerstones of their success has been a combination of creativity and functionality.
FREQUENTLY ASKED QUESTIONS
Am I buying as freehold or leasehold?
This is a freehold property
What is the address of the site?
Robert Owen House, 87 Bath Street, Glasgow, G2 2EE
Are there tennants already in place?
No, Robert Owen House is a refurbishment of a former office building
What are the projected annual returns on this project?
Returns of circa 9.16% are a assured for the first 2 years
Can I recieve finance on this development?
There is currently no finance offered by the developer
When is my rental income paid?
Quarterly in arrears, direct in to your bank account from completion
Is there a management company in place?
Yes, the designated management company will be Fortis Student, who will block manage and let the building
Can I re-sell my unit?
Yes, you can sell at any time after exchange of contract
Are there any restrictions if I want to sell?
Yes, Robert Owen House is a student development, so the room must be sold as student accommodation