Lombard House N E W A R K- O N -T R E N T
PROSPERITY GROUP
EST. 2007
The Prosperity Group was born out of a passion to deliver affordable, desirable homes and buy-to-let opportunities to a global audience. Energised by the sheer wealth of opportunity in the region, Prosperity Developments has already made its mark on its home city of Birmingham and surrounding provinces, with numerous developments built and completed since 2007. Prosperity remain dedicated to providing owner occupiers and buy-to-let investors an exceptional opportunity to purchase prime city centre luxury apartments directly from us, the developer, through unique purchase payment options.
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THE HEART OF LIVING
Lombard House
PROSPERITY GROUP
LOMBARD HOUSE
WHY INVEST WITH
Prosperity Everything’s in the detail DYNAMIC A residential and commercial portfolio including 36 substantial new build and conversion projects with a GDV of over £300 million.
COMPREHENSIVE Our own fully regulated mortgage division, Verve, provides all round borrowing solutions to our clients. Our letting and management agency; Lamont Estates, offers Prosperity owners a full lettings and management solution
DEDICATED Over 30 strong and all passionate about property; our team work with the very best industry professionals to deliver our projects.
ENTERPRISING We’re on track to deliver over £1 billion of residential property within the next 5 years.
Lombard House NEWARK-ON-TRENT
PROSPERITY GROUP
THE DEVELOPMENT
Lombard House A contemporary selection of 18 one bedroom modern apartments in a popular Nottinghamshire town
LOMBARD HOUSE
PROSPERITY GROUP
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LOMBARD HOUSE
DETAILS
18 A PA R T M E N T S
£99,995 ONE BED S TA R T I N G P R I C E
32m2-44m2 A PA R T M E N T SIZES
CHOICE OF PAYMENT PLANS IMAGES INDICATIVE ONLY
Newark-on-Trent, in the heart of England, is perfectly positioned at the convergence of major road and rail routes - and offers easy access to airports and east coast ports making it an ideal location for investment.
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DESIGN MATTERS
Finishing touches
LOMBARD HOUSE
Prosperity’s trademark design delivers style and contemporary elegance to every development
1 BESPOKE
High quality floors and stainless steel sockets, custom built kitchens, integral appliances and stylish bathroom suites come as standard, offering homes with style, luxury and comfort.
2 KITCHENS
Lighting, Built-in Applicances Cooker Top, Extractor Hood Cupboards, Laminate Worktop Splashback, One & Half Sink Mixer Tap
3 BATHROOMS
Lighting, Toilet, Vanity Unit Basin with Mixer Tap Shower Cubicle or Bath Towel Rail, Electric Razor Socket
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Lombard House T H E LO CAT I O N
P R O SLPOE C RA I TTYI OGNR O U P
NEWARK-ON-TRENT
Location is everything
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SLMOI M T HB FAI RE D L DH O SQ UU SE ARE
BUSINESS
A great place to do business Newark-on-Trent is a thriving market town with just over 37,000 residents (Census 2011). Newark & Sherwood district is home to more than 8,000 businesses and has been recognised as a Growth Point by the UK Government. There is strong staff availability from surrounding key towns and cities such as Nottingham, Lincoln, Leicester, Derby, Mansfield and Sheffield. Newark is home to some impressive brands including Knowhow’s National Distribution & Repair Centre, Centre Parcs Head Office, Vodafone Contact Centre and British Sugar PLC, who run a major factory on the outskirts of the town.
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PROSPERITY GROUP
THE HIGHLIGHTS
Reasons to invest EMPLOYMENT
59,900 59,900 people are currently in employment, which is 76.9% of the population. Manufacturing and tourism are the largest employment sectors.
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LOMBARD HOUSE
DEVELOPMENT
80 hectares The planning authority is committed to employment and housing growth to 2020, with 80 hectares of designated development land. The number of dwellings in the area is predicted to grow by 57,000 by 2023.
CONNECTIVITY
75 minutes Strong road links north and south via the A1, and to the west via the A46. Quick access for freight via the A1 to east coast ports including Grimsby and Hull – within 90 minutes. Easy access to London via Virgin Trains East Coast service in just 75 minutes. Access to two local airports, East Midlands, which is the UK’s largest dedicated freight airport and Doncaster Sheffield, in just over 45 minutes.
EDUCATION
Strong links The area has excellent education provision, including highly rated local schools and colleges as well as the nearby universities of Nottingham, Derby and Lincoln.
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PROSPERITY GROUP
ON YOUR DOORSTEP
Out n about
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LOMBARD HOUSE
NEWARK
Live, explore, shop Steeped in history, going back to Roman occupation, Newark is famed the world over for its connections to Robin Hood and Sherwood Forest. Whether its exploring museums or enjoying some retail therapy in a wide range of popular high street stores and independent shops, there is plenty to see and do.
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AMENITIES
1. Newark Bus Station
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2. Town Centre 3. Museum & Art Gallery 4. Odeon Cinema
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5. Newark Library
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6. Nottinghamshire County Council
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7. Sherwood Avenue Park
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8. Newark College
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9. National Civil War Centre 10. Newark Castle 11. Newark Castle Train Station
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Lombard House
F L O O R P L A N S
LOMBARD HOUSE
GROUND FLOOR Unit 1-6 1 Bedroom Apartments
■ U nit 01 38m2 1 Bedroom
■ U nit 03 38m2 1 Bedroom
■ U nit 05 43m2 1 Bedroom
■ U nit 02 38m 2 1 Bedroom
■ U nit 04 32m2 1 Bedroom
■ U nit 06 44m2 1 Bedroom
1 Bedroom
Studio
01
02
03
06 04
05
LOMBARD STREET
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PROSPERITY GROUP
1st FLOOR Units 7-12 1 Bedroom Apartments
■ U nit 07 37m2 1 Bedroom
■ U nit 09 41m2 1 Bedroom
■ U nit 11 43m2 1 Bedroom
■ Unit 08 38m 2 1 Bedroom
■ U nit 10 43m2 1 Bedroom
■ U nit 12 44m2 1 Bedroom
1 Bedroom
07
08
09
12 10
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LOMBARD STREET
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LOMBARD HOUSE
2nd FLOOR Unit 13-18 1 Bedroom Apartments
■ U nit 13 40m2 1 Bedroom
■ U nit 15 43m2 1 Bedroom
■ U nit 17 38m2 1 Bedroom
■ Unit 14 43m 2 1 Bedroom
■ U nit 16 39m2 1 Bedroom
■ U nit 18 41m2 1 Bedroom
1 Bedroom
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14
15
16
17
LOMBARD STREET
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18
SMITHFIELD SQUARE
Lombard House
T H E
I N V E S T M E N T
Payment plans designed with you in mind
Payment Plan 01
No mortgage plan Pay a 10% initial payment towards your deposit plus £850 legal fees. Your deposit is then divided by the number of months in the build term and paid on a monthly basis.
This option is perfectly suited to clients without large lump sums accessible or those who’d prefer to keep existing investments where they are. Payments can be made across a full 24 month term – keeping payments low. All payment plans provided are correct at the time of development launch.
Upon completion, remaining payments are covered by rental income over 5 years.
Summary - 1 bed apartment GBP Purchase Price
£99,995.00
Legal Fees
£850.00
Total Amount Due
£100,845.00
Reservation Stage Prosperity Reservation Deposit 10%
£9,999.50
Legal Fees
£850.00
Reservation Stage total due
£10,849.50
Monthly Payment Stage £59,997.00 Deposit divided by 24 month build schedule
£2,499.88
Completion Stage Stamp Duty if applicable (estimated)
£2,999.00
Rental Repayment Stage
£29,998.50
Year 1 rental payment
£6,600.00
Year 2 rental payment
£6,600.00
Year 3 rental payment
£6,600.00
Year 4 rental payment
£6,600.00
Year 5 rental payment
£3,598.50
Income Estimated Gross Rental Income
Per month £550.00 / Per annum £6,600.00
Estimate Yield based on above
6.60%
Expenses Service Charge (estimated)
£900.00
Ground Rent (estimated)
£150.00
Tenant Management Fees @ 12% + vat
£950.40
Total Expenses*
Per month £166.70 / Per annum £2,000.40
Estimated Income net of expenses
Per month £383.30 / Per annum £4,599.60
* + Letting & Setup Fees
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Payment Plan 02
Monthly and mortgage plan Pay a 10% initial payment towards your deposit plus £850 legal fees. Your deposit is then divided by the number of months in the build term and paid on a monthly basis.
This option is perfectly suited to clients without large lump sums accessible or those who’d prefer to keep existing investments where they are. Monthly and Mortgage payment plans only available on selected plots. All payment plans provided are correct at the time of development launch.
At completion, the balance is paid by way of an arranged mortgage or cash.
Summary - 2 bed apartment GBP Purchase Price
£99,995.00
Legal Fees
£850.00
Total Amount Due
£100,845.00
Reservation Stage Prosperity Reservation Deposit 10%
£9,999.50
Legal Fees
£850.00
Reservation stage total due
£10,849.50
Monthly Payment Stage £24,998.75 Deposit divided by 24 month build schedule
£1,041.61
Completion Stage Balance payment - by way of mortgage or cash
£64,996.75
Initial mortgage arrangement fee (if applicable)
£995.00
Stamp Duty - estimated (if applicable)
£2,999.00
Income Estimated Gross Rental Income
Per month £550.00 / Per annum £6,600.00
Estimate Yield based on above
6.60%
Expenses Service Charge (estimated)
£900.00
Ground Rent (estimated)
£150.00
Tenant Management Fees @ 12% + vat
£950.40
Total Expenses*
Per month £166.70 / Per annum £2,000.40
Income net of expenses
Per month £383.30 / Per annum £4,599.60
* plus Letting & Setup Fees
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PROSPERITY GROUP
Units Available
Units Available
Units Available
Units Available
MARKET COURT
H2
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LOMBARD HOUSE
We strive to ensure that our clients receive the very best experience when investing in a Prosperity product. With over 57% of our clients going on to buy a second property after two years, that’s a great sign we’re getting it right.
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JQ1
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Lombard House TO DISCUSS AN INVESTMENT PLEASE CONTACT US UK +44 (0) 845 676 9799 JQ1, 32 George St, Birmingham B3 1QG Malaysia + (60) 10 549 4602 Menara UOA Bangsar, 59000 KL Hong Kong +852 2824 8453 66/F The Center, 99 Queen’s Road Central, Hong Kong Dubai + (971) 4311 6928 The Fairmont, Sheikh Zayed Rd, Dubai, UAE PO Box 73310
I N F O @ P R O S P E R I T Y - W E A LT H . C O . U K