SEVERN HOUSE
B I R M I N G H A M
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
SEVERN HOUSE
PROSPERITY GROUP
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.
SEVERN HOUSE
THE PROSPERITY HALLMARK
AUTHENTIC STYLE
SEVERN HOUSE THE DEVELOPMENT
PROSPERITY GROUP
THE DEVELOPMENT
SEVERN HOUSE A contemporary selection of 30 one and two bedroom luxury city centre apartments next to Birmingham’s Mailbox
SEVERN HOUSE
PROSPERITY GROUP
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PERFECTLY PL ACED
DETAILS
From a high end retail experience to the business district, there is no better location within the city to enjoy so much variety right on the doorstep.
30 A PA R T M E N T S
£204,995 ONE BED S TA R T I N G P R I C E
£297,995 TWO BED S TA R T I N G P R I C E
CHOICE OF PAYMENT PLANS
INDICATIVE IMAGES ONLY
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DESIGN MATTERS
SIGNATURE LIVING Prosperity’s Signature Living brand and trademark design delivers style and contemporary elegance to every development
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1 SIGNATURE STYLE This signature style has been developed and nurtured by a panel of top industry professionals to produce aspirational city living within a profitable and sustainable investment vehicle.
2 DISTINCTIVE Signature Living can be instantly recognised with its distinctive style and character including contemporary open plan living and dining space with oversized windows (where possible) ensuring maximum natural light.
3 BESPOKE Hard wood veneer floors and stainless steel sockets, custom built kitchens, integral appliances and stylish bathroom suites come as standard, offering homes with style, luxury and comfort.
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SEVERN HOUSE T H E LO CAT I O N
P R O SLPOE C RA I TTYI OGNR O U P
BIRMINGHAM
LOCATION IS EVERYTHING
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SM S IETVHEFRI E NLH D OSUQS UE A R E
ECONOMY
A city of 1,000 trades and a wealth of opportunities Birmingham is not only the UK’s largest city outside London, but also one of the country’s biggest financial centres. The relocation of firms such as Deutsche Bank and HSBC will increase the number of affluent professionals making their home here. The diversity of the city’s economy is supported by its reputation as a hub for creative industries and it is among the UK’s fastest growing centres for digital media ventures. There is a wealth of opportunities for companies seeking to expand or invest in Birmingham. The city has exceptional connections to local, national and international destinations. It lies at the heart of the UK’s road network and boasts an international airport serving 9 million passengers per year to 140 direct and scheduled charter routes. The proposed HS2 rail link will potentially cut travel time between Birmingham and London to under 50 minutes.
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PROSPERITY GROUP
THE HIGHLIGHTS
REASONS TO INVEST ECONOMIC HUB
£90 Billion Leading European business destination with regional economy of over £90 billion
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SHOPPING
£600m A £600million makeover of New Street Station was unveiled in September 2015, complete with the launch of Grand Central shopping mall, where John Lewis is the anchor tenant. This is the third shopping destination in Birmingham’s portfolio which includes The Mailbox, home to luxury brands such as Harvey Nichols, Armani and a Malmaison Hotel and The Bullring where high street favourites can be found, alongside the iconic department store Selfridges.
CONNECTIVITY
HS2 rail network will bring the capital even closer at 49 mins, and will welcome an estimated £1.5bn and 22,000 jobs to the region. Alongside this Birmingham International Airport sits just 5 miles south-east of the city centre with a choice of over 400 direct or one-stop flights across the world
TALENT POOL
73,000 5 universities with over 73,000 UK and overseas students choosing Birmingham as their place to study and build careers
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SEVERN HOUSE THE DEVELOPMENT
PROSPERITY GROUP
THE VISION
A MODERN LIFESTYLE 22
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Complete with its highly sought after B1 postcode, Severn House is located in a diverse and vibrant part of the city centre. The picturesque and historic canal offers quick and easy walking and cycle routes to the rest of the city, as well as connecting other areas such as The University of Birmingham and Edgbaston.
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PROSPERITY GROUP
HERITAGE
HISTORY MAKING
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A shared heritage Severn House is set within a mix of historic buildings that form a contrasting back drop to the ultra-modern infrastructure of the Mailbox, The Cube and Birmingham Library. Formerly a neglected and underused area, Westside has been completely transformed in recent decades and is now the primary destination for both business and leisure visitors to Birmingham.
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PROSPERITY GROUP
PEOPLE AT HEART
NEXT GENERATION
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URBAN REGENERATION
A radical vision for revolutionising the city landscape Fronting Centenary Square, Arena Central represents Birmingham’s growing demand for high-quality office space and city centre residential accommodation. The vision for the site is to create a vibrant, development, set around a unique and innovative public realm. Arena Central forms a significant part of the city’s vision for regeneration, as laid out in the Big City Plan and is situated in Birmingham’s Enterprise Zone. The site will be home to the Midlands region hub for HM Revenue & Customs (HMRC) and HSBC’s headquarters. Just a few minutes walk from New Street Station and Grand Central, connectivity to Arena Central will receive a further boost from the extension to the Midlands Metro, which will include a stop adjacent to the site on Centenary Square.
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PROSPERITY GROUP
ON YOUR DOORSTEP
OUT N ABOUT
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MODERN LIFE
A world of choice Just across the street from the development is The Mailbox. The iconic red building is home to the BBC as well as a flagship Harvey Nichols store. The area hosts a range of high end fashion retailers as well as spa & relaxation facilities and a great collection of canal side bars and restaurants. This desirable area of the city attracts investors, and tourists alike, with apartment developments attracting higher than average rents.
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AMENITIES
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1. Mailbox 2. The Cube
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3. Arena Central Development 4. Canal Basin
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5. Library of Birmingham 6. ICC
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7. Brindleyplace 8. New Street Station 9. Grand Central 10. O2 Academy 11. Hippodrome Theatre 12. The Bullring 13 Moor Street Station
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SMITHFIELD SQUARE
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F L O O R P L A N S
PROSPERITY GROUP
GROUND FLOOR Commercial Unit
COMMERCIAL UNIT
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FIRST FLOOR Unit 101 2 Bedroom Apartment â– U nit 101 72m2 2 Bedroom
2 Bedroom
HIU WM
101
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PROSPERITY GROUP
SECOND FLOOR Unit 201 - 203 1 & 2 Bedroom Apartments ■ U nit 201 61m2 2 Bedroom ■ U nit 202 39m 2 1 Bedroom ■ U nit 203 104m2 2 Bedroom
1 Bedroom 2 Bedroom
HIU WM
HIU
HIU
WM
WM
201
202
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203
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THIRD FLOOR Unit 301 - 304 1 & 2 Bedroom Apartments ■ U nit 301 61m2 2 Bedroom ■ U nit 302 39m 2 1 Bedroom ■ U nit 303 39m2 1 Bedroom ■ U nit 304 61m2 2 Bedroom
1 Bedroom 2 Bedroom
HIU WM
HIU WM
HIU
HIU
WM
WM
301
302
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303
304
PROSPERITY GROUP
FOURTH FLOOR Unit 401 - 404 1 & 2 Bedroom Apartments ■ U nit 401 61m2 2 Bedroom ■ U nit 402 39m 2 1 Bedroom ■ U nit 403 39m2 1 Bedroom ■ U nit 404 61m2 2 Bedroom
1 Bedroom 2 Bedroom
HIU WM
HIU WM
HIU
HIU
WM
WM
401
402
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403
404
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FIFTH FLOOR Unit 501 - 504 1 & 2 Bedroom Apartments ■ U nit 501 61m 2 2 Bedroom ■ U nit 502 39m 2 1 Bedroom ■ U nit 503 39m2 1 Bedroom ■ U nit 504 61m2 2 Bedroom
1 Bedroom 2 Bedroom
HIU WM
HIU WM
HIU
HIU
WM
WM
501
502
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503
504
PROSPERITY GROUP
SIXTH FLOOR Unit 601 - 604 1 & 2 Bedroom Apartments ■ U nit 601 61m2 2 Bedroom ■ U nit 602 39m 2 1 Bedroom ■ U nit 603 39m2 1 Bedroom ■ U nit 604 61m2 2 Bedroom
1 Bedroom 2 Bedroom
HIU WM
HIU WM
HIU
HIU
WM
WM
601
602
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603
604
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SEVENTH FLOOR Unit 701 - 704 1 & 2 Bedroom Apartments ■ U nit 701 61m2 2 Bedroom ■ U nit 702 39m 2 1 Bedroom ■ U nit 703 39m2 1 Bedroom ■ U nit 704 61m2 2 Bedroom
1 Bedroom 2 Bedroom
HIU WM
HIU WM
HIU
HIU
WM
WM
701
702
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703
704
PROSPERITY GROUP
EIGHTH FLOOR Unit 801 - 803 1 & 2 Bedroom Apartments ■ U nit 801 59m2 2 Bedroom ■ U nit 802 39m 2 1 Bedroom ■ U nit 803 66m2 2 Bedroom
1 Bedroom 2 Bedroom
HIU WM
HIU
HIU
WM
WM
801
802
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NINTH FLOOR Unit 901 - 903 1 & 2 Bedroom Apartments ■ U nit 901 59m2 2 Bedroom ■ U nit 902 39m 2 1 Bedroom ■ U nit 903 66m2 2 Bedroom
1 Bedroom 2 Bedroom
HIU WM
HIU
HIU
WM
WM
901
902
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T H E
I N V E S T M E N T
Payment plans designed with you in mind
Payment Plan 01
Monthly and mortgage plan Pay a 5% initial payment towards your deposit plus £850 legal fees. Your remaining deposit is then divided by the number of build term months and paid on a monthly basis.
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.
This option is perfectly suited to clients without large lump sums accessible or those who’d prefer to keep existing
Summary - 1 bed apartment GBP Purchase Price
£204,995.00
Legal Fees
£850.00
Total Amount Due
£205,845.00
Reservation Stage Prosperity Reservation Deposit 5%
£10,249.75
Legal Fees
£850.00
Reservation stage total due
£11,099.75
Monthly Payment Stage
£61,498.50
Deposit divided by 24 month build schedule
£2,562.44
Completion Stage Balance payment - by way of mortgage or cash
£133,246.75
Mortgage arrangement fee if applicable (estimated)
£995.00
Stamp Duty if applicable (estimated)
£7,749.00
Amount due at Completion Stage
£141,990.75
Income Estimated Gross Rental Income
Per month £1,200.00 / Per annum £14,400.00
Estimate Yield based on above
7.02%
Expenses Service Charge (estimated)
£1,000.00
Ground Rent (estimated)
£300.00
Tenant Management Fees @ 12% + vat
£2,073.60
Total Expenses*
Per month £281.13 / Per annum £3,373.60
Income net of expenses
Per month £918.87 / Per annum £11,026.40
* + Letting & Setup Fees
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Payment Plan 02
Monthly and mortgage plan Pay a 5% initial payment towards your deposit plus £850 legal fees. Your remaining deposit is then divided by the number of build term months and paid on a monthly basis.
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.
This option is perfectly suited to clients without large lump sums accessible or those who’d prefer to keep existing
Summary - 2 bed apartment GBP Purchase Price
£297,995.00
Legal Fees
£850.00
Total Amount Due
£298,845.00
Reservation Stage Prosperity Reservation Deposit 5%
£14,899.75
Legal Fees
£850.00
Reservation stage total due
£15,749.75
Monthly Payment Stage
£89,398.50
Deposit divided by 24 month build schedule
£3,724.94
Completion Stage Balance payment - by way of mortgage or cash
£193,696.75
Mortgage arrangement fee if applicable (estimated)
£995.00
Stamp Duty if applicable (estimated)
£13,839.00
Amount due at Completion Stage
£208,530.75
Income Estimated Gross Rental Income
Per month £2,000.00 / Per annum £24,000.00
Estimate Yield based on above
8.05%
Expenses Service Charge (estimated)
£1,000.00
Ground Rent (estimated)
£300.00
Tenant Management Fees @ 12% + vat
£3,456.00
Total Expenses*
Per month £396.33 / Per annum £4,756.00
Income net of expenses
Per month £1,603.67 / Per annum £19,244.00
* + Letting & Setup Fees
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PROSPERITY GROUP
Units Available
Units Available
Units Available
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CASTLE COURT
SEVERN HOUSE
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SEVERN 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.
All builds complete
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PROSPERITY HOUSE
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JQ1
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Newark, Nottinghamshire
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SEVERN 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