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Car Park Investment Bury Football Club Greater Manchester

Bury FC Parking Spaces AG Brochure v6

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Page 1: Bury FC Parking Spaces AG Brochure v6

Car Park

Investment

Bury Football Club

Greater Manchester

Page 2: Bury FC Parking Spaces AG Brochure v6

9% Net Rental Yield

24 Year Rental Assurance

Buy Back with Profit

Investment

Opportunity

• Parking spaces at £9,995 • 9% NET rental yield • 24 year rental assurance • 5 year buy back with 10%

uplift on the purchase price

• 10 year buy back with 15% uplift on the purchase price

• Reserve for just £1,000 • Leasehold • Price inclusive of legal fees

Page 3: Bury FC Parking Spaces AG Brochure v6

Investment

Opportunity

• Buy a piece of one of the UK’s oldest football clubs & invest in their future

• Parking spaces are conveniently located directly outside of the JD Stadium, the home of Bury FC

• Ideal parking for those attending events, concerts or football matches at the stadium

• Bury Football Club will continue to operate the spaces and reputable management company Mederco Ltd. will manage the spaces

Page 4: Bury FC Parking Spaces AG Brochure v6

Projected

Returns

5 Year Term

Purchase Price £9,995

Net Rent £900

Net Rental Yield 9%

Net Rental Income (5 years) £4,498

Profit on Exit at 10% Uplift £1,000

Total Net Income £5,497

Return On Investment 55%

Annualised Returns £1,099

Annualised Net Rental Yield 11%

5 Year Term

Please Note – This example is for illustration purposes only; the projections for the income, occupancy levels, room rates and management charges are not guaranteed and are subject to change. Projections are based upon the call option being exercised 5 years from the completion of the purchase. Dependent on the date of sale, a proportion of the ground rent may be payable. Principal Choice Limited accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation.

Page 5: Bury FC Parking Spaces AG Brochure v6

Projected

Returns

10 Year Term

Purchase Price £9,995

Net Rent £900

Net Rental Yield 9%

Net Rental Income (10 years) £8,996

Profit on Exit at 15% Uplift £1,499

Total Net Income £10,495

Return On Investment 105%

Annualised Returns £1,049

Annualised Net Rental Yield 11%

10 Year Term

Please Note – This example is for illustration purposes only; the projections for the income, occupancy levels, room rates and management charges are not guaranteed and are subject to change. Projections are based upon the call option being exercised 10 years from the completion of the purchase. Dependent on the date of sale, a proportion of the ground rent may be payable. Principal Choice Limited accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation.

Page 6: Bury FC Parking Spaces AG Brochure v6

Investment Structure

Purchasers will initially receive a 24 year lease for each parking space. This lease can only be terminated after the first 24 year period if the head leaseholder or the investor serves notice on the leasehold. Mederco Ltd. will act as the head leaseholder. Mederco Ltd. are an experienced property management company who investors will be directly contracting with. There is a put option between the 5th and 6th anniversary from completion and the 10th and 11th anniversary, therefore the buyer has two exit points prior to the end of the lease.

Page 7: Bury FC Parking Spaces AG Brochure v6

Exit Strategy

Mederco Ltd. will be contracted to buy back the parking space on the following terms: Year 5 – Mederco Ltd. will buy the

parking space back between the 5th & 6th anniversary from completion should the buyer wish to exit, paying 110% of the purchase price

Year 10 – Mederco Ltd. will buy the parking space back between the 10th & 11th anniversary from completion should the buyer wish to exit, paying 115% of the purchase price

Ad-hoc – Mederco Ltd. may require to buy back the parking space if the car park is being developed; if this mandatory buy-back is exercised, Mederco Ltd. will pay 110% of the purchase price if prior to the 10th anniversary from purchase. This buy back will be valid until year 24.

Page 8: Bury FC Parking Spaces AG Brochure v6

Bury FC is entering a new phase of development, with significant investments being made in the club’s facilities

The development of the stadium’s facilities is part of the club’s drive to expand Bury FC into more business areas

The sale of the car parking spaces will contribute towards this investment programme to pave the way for the club’s future

The club’s substantial development over the past 12 months has seen an increase in commercial income & new interest from commercial sponsors

The pitch at the JD Stadium has seen an investment of £150,000, with plans being finalised for a new training complex & the redevelopment of the main stand

Bury Football Club

Investment Programme

Page 9: Bury FC Parking Spaces AG Brochure v6

Founded in 1885 Bury FC play in the Sky Bet League

Two Bury FC’s stadium, the JD Stadium,

has a capacity of 11,640 – the 6th highest capacity of any team in League Two

11,640 all seated stadium The stadium has four stands with

sections reserved for home & away fans

214 car parking spaces available located at the front of the stadium

Bury

Football Club

Page 10: Bury FC Parking Spaces AG Brochure v6

The JD Stadium has a capacity of 11,640 for football matches & there are up to 30 matches held at the ground each year

The club has secured a concert license and will host three this year, in addition to plans for a new annual music festival event on the May Bank Holiday 2015

The club is also planning to provide alternative sporting events such as boxing matches

Demand for

Parking

Page 11: Bury FC Parking Spaces AG Brochure v6

With four function rooms available for hire, the club also plays host to a range of business & social events, from conferences to weddings

The club is active in the local community hosting car boot sales, farmers markets & various interest clubs throughout the year, in addition to hosting special events at Christmas & Easter

The club have contract parking agreements with local businesses who use the site

Demand for

Parking

Page 12: Bury FC Parking Spaces AG Brochure v6

These images were taken at the JD Stadium in October 2014,

shortly before a Bury FC match day.

The Car Park

Page 13: Bury FC Parking Spaces AG Brochure v6

Manchester

Bury

Location

JD Stadium, Gigg Lane, Bury, Greater Manchester

Page 14: Bury FC Parking Spaces AG Brochure v6

Purchase

Process

RESERVATION

reservation form completed & £1,000 reservation fee paid to agent

SOLICITORS INSTRUCTED

solicitors instructed, legal pack sent out & anti-money laundering process completed

EXCHANGE OF CONTRACTS & LEGAL COMPLETION

100% of purchase price less reservation fee paid to solicitors & contracts exchanged within 28 days of reservation & purchase completed & individual title deeds registered with the UK Land

Registry

Page 15: Bury FC Parking Spaces AG Brochure v6

Disclaimer

1. This information is made available to the addressee subject to our terms and conditions. A copy of this information is made available to you for your personal use and must not be given, shared or communicated with any other person except for your own professional advisors for the sole purpose of obtaining their advice.

2. We endeavour to provide accurate, up to date and complete information but makes no warranties or representations as to the accuracy, reliability or completeness or otherwise of the information contained herein. We assume no responsibility or liability for any omissions or errors contained in the information.

3. We act as an agent for the developer and as such accepts no liability to the Purchaser. Further and in any event, if notwithstanding this provision liability is established against us, then it is agreed that the total maximum amount of such liability is limited to and shall not under any circumstances exceed the amount of the above reservation fee.

4. Purchasers are required to conduct their own due diligence and make their own judgement on the property being offered. Purchasers must verify the information and any speculative information offered by us. Purchasers are strongly recommended to perform their own financial and legal assessment of any opportunity prior to making any commitment to participate.

5. We do not provide or offer an opinion as to whether a particular property is appropriate for a particular individual and owes no duty of care to the Purchaser.

6. We only offer an opinion on the opportunity in general terms and in relation to the market as a whole. We are not able to comment or give opinions on the strength or validity of any bond or insurance policy and Purchasers are strongly recommended to perform their own diligence and seek legal opinion.

7. We do not accept any responsibility for amendments to or changes in rates of taxation, introduction of new taxes, changes to existing legislation or the introduction of new legislation or any matters relating to the final contractual arrangements for any purchase.

8. Where rental assurances or guarantees are offered as part of the purchase, the developer will contract directly with the purchaser to assure the rental income at the specified rate and for the specified duration, but this is not supported by an insurance policy, bond or bank, unless specified, nor is this warranted by us.

9. Descriptions of Property, Homes, Buildings, Locations or Development Particulars, Specifications and Pictures and Artists Impressions of any property, home, building, location or development are given in good faith and believed to be correct, but they do not form part of any offer or solicitation and are intended only as a general guide. We do not control the building or development of any project.

10. You acknowledge that developers reserve the right to alter plans, designs and specifications at any time without prior notice. We therefore will not be responsible for such changes.

11. All descriptions are intended only as a general guide and are not to be relied upon by you or any other interested parties as a statement or representation of fact and you should satisfy yourself by inspection or otherwise.

12. We have endeavoured to provide the highest quality information, backed up by substantial experience and proven evidence from the marketplace. However, individual interpretation of information may vary, and individual circumstances, skills, abilities, knowledge and attitude play an important part in achieving a particular outcome. In addition, the future behaviour of the property market may not follow past experience, either, internationally, nationally or locally. For this reason Principal International does not warrant, guarantee or promise that you will make a profit from any property transaction entered into, whether as a result of acting on information contained within this document or otherwise. As with any purchase, this may make a loss.