THE MET
THE MET
Situated in the heart of Newcastle-Under-Lyme
between Keele University, Staffordshire University
and Royal Stoke University Hospital, The Met has
been carefully crafted to meet the demand of the
town’s established and fast growing student
population. The development comprises of 211,
fully managed and furnished premium student
apartments. High quality communal and social
spaces across the ground floor and mezzanine
level create a unique sense of community. This is
the ultimate in student accommodation, in a
Prime University town location.
PLANNING
• Completion: August 2020
• Lease: 250 years long leasehold
• New Build Warranty: 10 years
APARTMENT
• The development consists of 211 self-contained
studio apartments with en-suite bathrooms,
study area, bespoke kitchens and living area
• Apartments range from 18 msq – 31 msq
• Fully furnished with high-end furniture
A full spec list of furniture will be included with
the sales contract.
PRICE
Starting from 73,500 GBP
Each Office Is Independently Owned And Operated
PAYMENT PLAN
• A non-refundable reservation fee of £5,000.
• Upon receipt of the reservation fee and the
reservation form, next 50% (less - £5,000) of
payment has to be processed within 28 days
• 25% six months after exchange
• Balance 25% on proposed completion by Aug
2020
Receipt of 4% interest payment: Interest will be
accrued & deducted from practical completions
Sums
INCOME AND YIELD
Rental assurance: The developer is assuring that
the net investment returns (i.e. gross rent less
service/lettings charges) equals no less than
7.50%* of the purchase price. In the event that
the net return is less than 7.5%*, the developer
will provide the funds equal to said difference.
The assurance is for 5 years from the date of
Legal Completion.
*Excludes Ground Rent Payments at £300 per
property per annum.
TENANCY
• Length of tenancy agreement: Typically 51
weeks
• Management company: The management
Company on this development will be Student
Facilities Management, or similar management
company.
• Student Facilities Management (SFM), are a
PURCHASE EXAMPLE
well known & well respected specialist provider
student lettings and management company Purchase price – typical £ 73,500
who provide this service for over 2,500 student unit
bed spaces across the North of England.
Reservation fee* £ 5,000
Student Facilities Management have worked
with Primus Property Group on all our Student 50% Payment on Exchange £ 31,750
Schemes achieving 100% lettings on all projects of Contracts**
– E.g. Primus Place, Primus Edge, Northgate (less Reservation fee)
Points etc.
25% Stage Payment (6 £ 18,375
months after start on site)
• 7.5% assured return for 5 years: During the first
five years you will continue to receive the 7.5% 25% on Contract £ 18,375
net investment return regardless of whether Completion
your unit is occupied or not – this does not
include the annual £300 ground rent charge. RETURN ON INVESTMENT EXAMPLE
Gross Rent Received p.a £ 7,196 Based on
51 week let
WHY INVEST IN STUDENT Less: Unit Management £ 345 (4% plus
ACCOMODATION Agreement VAT)
Less: Service Charge £ 1,338 (Based
Forecast on the Service/
Mgmt. Charge
Budget Costs)
Investment Return p.a £ 5,513 (7.5%)
Less:
Ground Rent £ 300
Insurance Rent*** Incl
Investment net return £ 5,213 (7.09%)

* Deducted from Contract Exchange money

** 4% interest on monies received, from exchange of

contracts to build completion.
Interest will be rolled up and deducted on completion.

*** The Insurance Rent is covered in the Service charge

allowance. If the Freeholder invoices the owner directly
for this,
the same amount will be credited to the rental account
against the Service Charge costs
 THE MET AT A GLANCE ABOUT DEVELOPER
• 211 self contained studios The Met is a joint venture between student
• Unit sizes from 192 to 330 sq ft development specialist Primus Property Group
• Hotel style lobby and the award winning developer Property
• Group study area Alliance Group. Both have worked successfully
• Café style residents hub together on a range of schemes that focus on high
• 24Hr laundrette quality and well-designed buildings that meet
• Cycle storage current and also future market’s needs.
• Parcel delivery room
• High speed wifi connection Primus Property Group is an established and
• 24Hr games zone successful specialist provider of luxury student
residences across the UK, focusing on boutique
style accommodation in response to the UK
APARTMENT FEATURES student market’s changing needs.

• Stylish kitchen With over 28 years’ experience in the property

• High quality modern appliances development sector, Property Alliance Group is
• Generous living area renowned for its ability to deliver some of the
• 40’’ High definition tv most outstanding and exciting developments
• Study area across the country. Property Alliance Group has
• En-suite bathroom an extensive award-winning property portfolio,
• High speed wifi connection covering everything from residential and office
• Professional management developments, to industrial and hotel sectors.
• Floor to ceiling window With a team of industry experts, investors have
come to know Property Alliance Group as
OAD

specialists when it comes to delivering luxury

OOL R

concepts and high-quality finishes.

LIVERP

7
B53

A52
67
LOCATION & CONNECTIVITY A52

PRIME CENTRAL LOCATION A52

Only 7 minutes travel time to Keele University

and 10 minutes to Staffordshire University

Within 200m of the development are:

Established student accommodation area

STREET

Cinema and entertainment

0M
LOWER

Coffee shops
20
HI

Restaurants
HG
ST

Bars and nightclubs

M
A
RK

Supermarkets and health food store

ET

A527
LA

HI
Sports shops and retail fashion GH
N

TH
E

E ST
Banks M
B5 ID
W
0 44 AY
LO
Amenities including hairdressers & dry cleaners W
ER
ST
Bus interchange RE
ET TH
ST

E
S

Direct route to the high street M

R’

ID
IA

W
AY
FR

20
A525

0M
LIV

3
ERP

A5
OOL

7
A52
ROAD

Staffordshire
B5367 EET
KIN
GS
TR
University 53
A
A52 QU LO
STREET
LOWER

EE WE
NS R ST
A527

WA REET
Y
EELE
ROAD KEELE ROAD A52
BLACKFRIAR
S ROAD
A
34

Keele Royal Stoke

ND
53

University University Hospital 2A

A5L
R
A

HE
HIG
A3
4
53
A

THE MET 19

Mumbai: New Delhi: Kolkata:

714,C Wing, One BKC, 401, Eros Corporate Tower, 1309, Godrej Genesis Building
Bandra Kurla Complex, Nehru Place, Sector V, Salt Lake
Mumbai, 400051 India New Delhi, 110019 India Kolkata, 700091
O: +91 22 62133700 O: +91 11 40565466 O: +91 33 4604 8202