MOSELEY GARDENS BIRMINGHA M CIT Y CENTRE
WELCOME TO
PROSPERIT Y
Founded in 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, surrounding provinces, with numerous developments built complete across key city centre locations. 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, though unique purchase payment options.
WHO WE ARE
OUR TEAM
Birmingham based developers, building and delivering desirable homes and offering an innovative buy-to-let proposition to the home market and private investor.
Over 30 strong and all passionate about Property; working with the very best industry professionals and funders to deliver our projects.
CURRENT PORTFOLIO
With the majority of the team based at our Birmingham office HQ, we also have offices in Dubai, Hong Kong and Malaysia
OFFICE LOCATIONS A residential and commercial portfolio including 22 substantial new build and conversion projects with a GDV of £164 million.
OUR DEVELOPMENTS Located throughout the UK where rental demand and yields are high, within areas of sustained high employment.
CURRENT PROJECTS 16 developments delivering over 1,200 residential homes and 8 commercial units.
THE PROPERT Y
04
THE LOCATION
08
FLOOR PL ANS
16
THE INVESTMENT 28
3 YEARS FROM NOW We’re on track to have delivered over £1 billion of residential property.
FACILITATION BUSINESSES WITHIN THE PROSPERIT Y GROUP Our own fully regulated mortgage division, Verve provides all round borrowing solutions to our clients. We also have a sales, letting and management agency Lamont Estates, who offer Prosperity owners a full lettings and management solution.
Birmingham’s Iconic Selfridges Building
MOSELEY GARDENS
3
MOSELEY GARDENS
A contemporary selection of 78 one and two bedroom city centre apartments
THE PROPERT Y Architects Impression Indicative of Moseley Street
MOSELEY GARDENS
5
78
APARTMENTS
£134,950
STARTING PRICE
Choice of
PAYMENT PLANS
Image indicative of open plan living area
Image indicative of foyer
THE FINISHING TOUCHES All homes will offer a contemporary open plan living and dining space with oversized windows (where possible) ensuring maximum natural light. With hard wood veneer floors and stainless steel sockets throughout, these high grade specifications combined with custom built kitchens, integral appliances and stylish bathroom designs come as standard for Prosperity clients, offering a home with style, luxury and comfort.
Image indicative of bathroom
KITCHEN
BATHROOM
LIGHTING l OVEN l COOKER TOP
LIGHTING l TOILET l VANIT Y UNIT l BASIN
RANGE HOOD l CUPBOARDS l WORKTOPS
BASIN MIXER TAP l SHOWER ROSE
SPL ASHBACK l ONE & A HALF SINK l MIXER TAP
SHOWER SHELF l TOWEL RAIL
Image indicative of bedroom
MOSELEY GARDENS
7
IT’S ALL ABOUT THE
REASONS TO LOVE BIRMINGHAM
MOSELEY GARDENS
9
£750m
WHY INVEST IN
transformation of the city’s main train
BIRMINGHAM
station, New Street incorporating a massive shopping mall with flagship John Lewis store
A city firmly focused on the future, Birmingham continues to flourish from
Leading European business destination
a wealth of investment and regeneration over the past 20 years. And
with regional economy of over
there’s plenty more to come...
£90 Billion
Right in the centre of England, everything is accessible in Birmingham. Proud of its distinctive heritage, yet energised by the youngest population in Europe, Birmingham’s transformation into a cosmopolitan, accessible and welcoming city has ensured that rental demand in the city continues
HS2
to outweigh supply by 2:1. •
Excellent transport links - at the heart of the UK’s road network
•
Youngest population in England, Birmingham has a thriving and ever growing market for city centre property
will bring the capital even closer at 39 mins, and will welcome an estimated £1.5bn and 22,000 jobs to the region
· •
Cost of living 60% lower than London
•
Home to big businesses including:
Birmingham International Airport sits just 5 miles south-east of Birmingham Central Library & Symphony Hall
the city centre and offers passengers a choice of over 400 direct or one-stop flights across the world
5 universities, colleges with over
73,000
UK and overseas students choosing Birmingham as their place to study and build careers
The Bullring
Canalside Development
New Street Station & Midland Metro
MOSELEY GARDENS
11
THE CREATIVE QUARTER
DIGBETH Considered Birmingham’s Shoreditch by many, this creative quarter is an up-and-coming part of the city. From new developments to nightlife and great places to eat, Digbeth is becoming a pretty cool place to live right now.
MOSELEY GARDENS
13
A PRIME CIT Y CENTRE
SNOW HILL STATION 20 MIN WALK
LOCATION
JEWELLERY QUARTER 20 MIN WALK
COLMORE ROW 15 MIN WALK
MILLENNIUM POINT 15 MIN WALK
Moseley Gardens lies in the Digbeth area of Birmingham, a lively, creative hub on the east side of the city centre. Digbeth has come a long way from its early industrial roots and is now a natural home to the city’s burgeoning young, creative and digital community who represent an important part of Birmingham’s economic future. The area hosts a range of retailers as well as a great collection of bars and restaurants.
SYMPHONY HALL 25 MIN WALK
A short walk from Moseley Gardens is the famous Bull Ring. The iconic shopping and
CENTRAL LIBRARY 18 MIN WALK
TOWN HALL 15 MIN WALK
THE BULL RING 10 MIN WALK
leisure complex is home to its flagship Selfridges store. The outlook for Digbeth is promising, with plans for HS2 well advanced and the recent publication of the Birmingham Curzon HS2 Masterplan. Exciting proposals for Digbeth
COACH STATION 6 MIN WALK
GRAND CENTRAL 10 MIN WALK BRINDLEY PLACE 25 MIN WALK
CUSTARD FACTORY 5 MIN WALK
THE MAILBOX 15 MIN WALK
also include 33,000 sqm of retail place, 150,000 sqm of office space and 75,000 sqm of
RAG MARKET 5 MIN WALK
residential development. It is estimated that this would create over 5,000 jobs...exciting times for the City’s premier creative quarter. THE HIPPODROME 7 MIN WALK UCB CAMPUS 20 MIN WALK
MOSELEY STREET
O2 ACADEMY 13 MIN WALK
Creativity and industrial architecture is juxtaposed with the city’s newest green space, Eastside City Park, making Digbeth one of the most vibrant places to live. Fazeley Studios, Digbeth
Coach Station, Digbeth
MOSELEY GARDENS
15
Floor Plan
GROUND FLOOR Unit 0.1
1 BEDROOM APARTMENT 37 M 2
Unit 00.2
1 BEDROOM APARTMENT 38 M 2
Unit 0.3
2 BEDROOM APARTMENT 61 M 2 void over
Unit 0.4
riser
2 BEDROOM APARTMENT 61 M 2 2 bed
Unit 0.5
0.5
2 BEDROOM APARTMENT 67 M 2
0.4
Unit 0.6
0.6
0.7
2 BEDROOM APARTMENT 67 M 2
Unit 0.7
coutryard
2 BEDROOM APARTMENT 66 M 2
HATCH INDICATING PROPOSED CONCEPT SCHEME
coutryard
soft landscaped
hard landscaped
0.3
Unit 0.8
1 bed
0.8 slate block bench
2 BEDROOM APARTMENT 61 M 2
grey pebble
finish 0.9
lawn
0.10
Unit 0.9
1 BEDROOM APARTMENT 39 M 2
1 bed
store
0.2
Unit 0.10
1 BEDROOM APARTMENT 37 M 2 aov
Unit 0.11
2 BEDROOM APARTMENT 62 M 2
foyer 2 bed
Unit 0.12
1 BEDROOM APARTMENT 37 M 2
0.1 MOSELEY STREET
ramp down to basement parking
0.12
0.11 resident's entrance
MOSELEY GARDENS
17
Floor Plan
FIRST FLOOR Unit 1.1
1 BEDROOM APARTMENT 42 M 2
Unit 1.2
2 BEDROOM APARTMENT 61 M 2
Unit 1.3
1 BEDROOM APARTMENT 61 M 2 riser
Unit 1.4
void
2 BEDROOM APARTMENT 61 M 2
2 bed
Unit 1.5
1.5
2 BEDROOM APARTMENT 67 M 2
1.6
Unit 1.6
2 BEDROOM APARTMENT 67 M 2
1.4
Unit 1.7
1.7
1.3
2 BEDROOM APARTMENT 66 M 2
HATCH INDICATING PROPOSED CONCEPT SCHEME
1.8 1 bed
Unit 1.8
2 BEDROOM APARTMENT 61 M 2
1.9
1.2
Unit 1.9
1 BEDROOM APARTMENT 39 M 2
1.10
1 bed
store
Unit 1.10
1 BEDROOM APARTMENT 37 M 2 aov
Unit 1.11
2 BEDROOM APARTMENT 62 M 2 2 bed
Unit 1.12
2 BEDROOM APARTMENT 61 M 2
2 bed
1.1
1.12
1.11
MOSELEY STREET
MOSELEY GARDENS
19
Floor Plan
SECOND FLOOR Unit 2.1
1 BEDROOM APARTMENT 42 M 2
Unit 2.2
2 BEDROOM APARTMENT 61 M 2
Unit 2.3
1 BEDROOM APARTMENT 61 M 2 riser
Unit 2.4
void
2 BEDROOM APARTMENT 61 M 2
2 bed
Unit 2.5
2.5
2 BEDROOM APARTMENT 67 M 2
2.6
Unit 2.6
2 BEDROOM APARTMENT 67 M 2
2.4
Unit 2.7
2.7
2.3
2 BEDROOM APARTMENT 66 M 2
HATCH INDICATING PROPOSED CONCEPT SCHEME
2.8 1 bed
Unit 2.8
2 BEDROOM APARTMENT 61 M 2
2.9
2.2
Unit 2.9
1 BEDROOM APARTMENT 39 M 2
2.10
1 bed
store
Unit 2.10
1 BEDROOM APARTMENT 37 M 2 aov
Unit 2.11
2 BEDROOM APARTMENT 62 M 2 2 bed
Unit 2.12
2 BEDROOM APARTMENT 61 M 2
2 bed
2.1
2.12
2.11
MOSELEY STREET
MOSELEY GARDENS
21
Floor Plan
THIRD FLOOR Unit 3.1
1 BEDROOM APARTMENT 42 M 2
Unit 3.2
2 BEDROOM APARTMENT 61 M 2
Unit 3.3
1 BEDROOM APARTMENT 61 M 2 riser
Unit 3.4
void
2 BEDROOM APARTMENT 61 M 2
2 bed
Unit 3.5
3.5
2 BEDROOM APARTMENT 67 M 2
3.6
Unit 3.6
2 BEDROOM APARTMENT 67 M 2
3.4
Unit 3.7
3.7
3.3
2 BEDROOM APARTMENT 66 M 2
HATCH INDICATING PROPOSED CONCEPT SCHEME
3.8 1 bed
Unit 3.8
2 BEDROOM APARTMENT 61 M 2
3.9
3.2
Unit 3.9
1 BEDROOM APARTMENT 39 M 2
3.10
1 bed
store
Unit 3.10
1 BEDROOM APARTMENT 37 M 2 aov
Unit 3.11
2 BEDROOM APARTMENT 62 M 2 2 bed
Unit 3.12
2 BEDROOM APARTMENT 61 M 2
2 bed
3.1
3.12
3.11
MOSELEY STREET
MOSELEY GARDENS
23
Floor Plan
FOURTH FLOOR Unit 4.1
1 BEDROOM APARTMENT 42 M 2
Unit 4.2
2 BEDROOM APARTMENT 61 M 2
Unit 4.3
1 BEDROOM APARTMENT 61 M 2 riser
Unit 4.4
void
2 BEDROOM APARTMENT 61 M 2
2 bed
Unit 4.5
4.5
2 BEDROOM APARTMENT 67 M 2
4.6
Unit 4.6
2 BEDROOM APARTMENT 67 M 2
4.4
Unit 4.7
4.7
4.3
2 BEDROOM APARTMENT 66 M 2
HATCH INDICATING PROPOSED CONCEPT SCHEME
4.8 1 bed
Unit 4.8
2 BEDROOM APARTMENT 61 M 2
4.9
4.2
Unit 4.9
1 BEDROOM APARTMENT 39 M 2
4.10
1 bed
store
Unit 4.10
1 BEDROOM APARTMENT 37 M 2 aov
Unit 4.11
2 BEDROOM APARTMENT 62 M 2 2 bed
Unit 4.12
2 BEDROOM APARTMENT 61 M 2
2 bed
4.1
4.12
4.11
MOSELEY STREET
MOSELEY GARDENS
25
Floor Plan
FIFTH FLOOR Unit 5.1
1 BEDROOM APARTMENT 42 M 2
Unit 5.2
2 BEDROOM APARTMENT 61 M 2
Unit 5.3
1 BEDROOM APARTMENT 61 M 2 riser
Unit 5.4
void
2 BEDROOM APARTMENT 61 M 2
2 bed
Unit 5.5
5.5
2 BEDROOM APARTMENT 67 M 2
5.6
Unit 5.6
2 BEDROOM APARTMENT 67 M 2
5.4
Unit 5.7
5.7
5.3
2 BEDROOM APARTMENT 66 M 2
HATCH INDICATING PROPOSED CONCEPT SCHEME
5.8 1 bed
Unit 5.8
2 BEDROOM APARTMENT 61 M 2
5.9
5.2
Unit 5.9
1 BEDROOM APARTMENT 39 M 2
5.10
1 bed
store
Unit 5.10
1 BEDROOM APARTMENT 37 M 2 aov
Unit 5.11
2 BEDROOM APARTMENT 62 M 2 2 bed
Unit 5.12
2 BEDROOM APARTMENT 61 M 2
2 bed
5.1
5.12
5.11
MOSELEY STREET
MOSELEY GARDENS
27
Floor Plan
SIXTH FLOOR Unit 6.1
1 BEDROOM APARTMENT 42 M 2
Unit 6.2
2 BEDROOM APARTMENT 61 M 2
Unit 6.3
1 BEDROOM APARTMENT 39 M 2 riser
Unit 6.4
void
1 BEDROOM APARTMENT 37 M 2
2 bed
Unit 6.5
2 BEDROOM APARTMENT 62 M 2
Unit 6.6
2 BEDROOM APARTMENT 61 M 2 HATCH INDICATING PROPOSED CONCEPT SCHEME
1 bed
6.3
6.2
6.4
1 bed
store
aov
2 bed
2 bed
6.1
6.6
6.5
MOSELEY STREET
MOSELEY GARDENS
29
C H O O S E YO U R PE R FEC T
P AY M E N T P L A N S DESIGNED WITH YOU IN MIND
MOSELEY GARDENS
31
Payment Plan 01
T H E M O N T H LY & MORTGAGE PLAN Pay a 3% initial payment towards your deposit (minimum of £3000) plus £850 legal fees. Your 30% deposit is then divided by the number of build term months 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 are made across an average build term of 24 months. Monthly and Mortgage payment plans only available on selected plots.
SUMMARY - 2 BED APARTMENT
GBP
Purchase Price
£199,995.00
RESERVATION AND EXCHANGE ‘THE MONTHLY & MORTGAGE PLAN’ Prosperity Reservation Deposit 3% (minimum £3000)
£5,999.85
Legal Fees
£850.00
Reservation / Exchange stage total due
£6,849.85
30% MONTHLY PAYMENT STAGE
£59,998.50
Deposit divided by 24 month build schedule
£2,499.94 x 24
COMPLETION STAGE Balance Payment - by way of mortgage or cash
£133,996.65
Mortgage Arrangement Fee (estimated)
£1,999.95
Amount Due at Completion Stage
£135,996.60
INCOME Estimated Gross Rental Income
Per month £1,100.00/ Per annum £13,200.00
Estimate Yield based on above
6.60%
EXPENSES Service Charge (estimated)
£1,000.00
Ground Rent (estimated)
£250.00
Tenant Management Fees @ 12.5% + vat
£1,980.00
Total Expenses
Per month £269.17 / Per annum £3,230.00
INCOME NET OF EXPENSES SUBJECT TO MORTGAGE
PER MONTH £830.83 / PER ANNUM £9,970.00
Millenium Point, Birmingham
MOSELEY GARDENS
33
RENTAL & VOID ASSURANCE
What’s in it for me?
WHY INVEST IN PROSPERITY? 3
3 3 L AMONT ASSET MANAGEMENT PROVIDES THE FINAL
3
PIECE IN AN END TO END SOLUTION FOR OUR INVESTOR BUYERS. WE DELIVER A SPECIALIST LETTINGS AND MANAGEMENT SOLUTION AND OFFER A LEVEL OF RENTAL PROTECTION UNIQUE TO THE MARKET FOR A PACKAGED PRODUCT. EXCLUSIVE TO PROSPERIT Y CLIENTS, WE HAVE CREATED A ‘RENTAL ASSURANCE INVESTOR PACKAGE’ INCLUDING: •
RENTAL AND LEGAL PROTECTION *
•
VOID COVER BETWEEN TENANCIES
•
DISCOUNTED MANAGEMENT FEE OF 8%**
•
UNIQUE SECURE ONLINE L ANDLORD TRACKER
Working in the industry for over 25 years, Lamont Asset Management offer a totally independent solution, managing properties all over the UK. We also handle every aspect of the property’s management including maintenance, tenant liaison and administration. All clients are allocated a specific account manager, ensuring a single point of contact from the start. Every tenant is subject to stringent industry standard checks with TDS protected deposits in place across all tenancy agreements. * No excess for 5 years ** + Vat, Letting & Setup Fees
Totally standard UK properties in desirable owner occupier locations, fully managed and providing the best yields with capital appreciation over the long term UK property at institutional prices i.e. accessing individual discounted property at fund manager prices Deposits payable monthly over two years with no lump sum required - the only property pension plan of this type on the market today A complete hands-off property investment, as we are geared up to manage the whole process from start to finish and post completion
5 YEAR
3
RENT & VOID ASSURANCE
Mortgages, 100% covered by rental assurance plans from completion
3
Strong yields.
3
Properties starting from just 24 payments of £1,610 Followed by rental income
RENT & LEGAL PROTECTION * We will facilitate insurance that will protect you in the event that a tenant fails to pay the rent and that will cover you for any associated legal costs of eviction. VOID ASSURANCE * Other that for maintenance or refurbishment we will protect the void periods between tenancies.
PROSPERIT Y DO NOT OFFER:
7
Student accommodation Hotel apartments Any kind of collective investment or fund
“I always enjoy working with Prosperity. From a time management point of view, the fact that all cost and letting management issues are organised as part of the packageis a major bonus for me. I’ve bought numerous properties from Prosperity, and shall continue to do so.” Simon Browne - Logistics Director, GSK
“I required lots of detailed information in order to make my decision - all of which I received in a concise and accurate manner. Completion went very smoothly as did letting management. I have recommended Prosperity’s services to other sporting professionals within my organisation” Cyrille Regis - MBE
“I feel confident and assured that this income producing asset was the right decision for my pension. I have no hesitation in recommending Joe as a knowledgeable, passionate advisor who gives his clients an individual service. Meino Meines - Head of Dutch Stream Panaga school, Brunei
* Subject to Standard Terms & Conditions
MOSELEY GARDENS
35
Our recent
WE STRIVE TO ENSURE THAT OUR CLIENTS RECEIVE THE VERY BEST EXPERIENCE
DEVELOPMENTS UNITS AVAILABLE
UNITS AVAILABLE
WHEN INVESTING IN A PROSPERIT Y PRODUCT. WITH OVER 57% OF OUR CLIENTS GOING ON TO BUY A SECOND PROPERT Y AFTER TWO YEARS, THAT’S A GREAT SIGN WE’RE GETTING IT RIGHT.
UNITS AVAILABLE
SOLD OUT
BUILD COMPLETE
SOLD OUT
Town Gate
Bentley Court
LINCOLNSHIRE
KEIGHLEY, WEST YORKSHIRE
Kings Mill MANSFIELD, NOTTINGHAMSHIRE
Castle Court
Prosperity House
DUDLEY, WEST MIDL ANDS
DERBY CIT Y CENTRE
BUILD COMPLETE
BUILD COMPLETE
Varity House
PETERBOROUGH, CAMBRIDGE
PETERBOROUGH, CAMBRIDGE
Beckett House
SOUTHEND, ESSEX
DERBY CIT Y CENTRE
BUILD COMPLETE
BUILD COMPLETE
Parkwood Court KEIGHLEY, WEST YORKSHIRE
SOLD OUT
BUILD COMPLETE B1
Victoria Mill
Key Hill
JQ1
BIRMINGHAM CIT Y CENTRE
DRAYCOTT, DERBYSHIRE
BIRMINGHAM CIT Y CENTRE
BIRMINGHAM CIT Y CENTRE
BUILD COMPLETE
Priestgate House
The Pinnacle
BUILD COMPLETE
SOLD OUT
BUILD COMPLETE
SOLD OUT
Chartwell Plaza SOUTHEND ON SEA, ESSEX
SOLD OUT
BUILD COMPLETE
BUILD COMPLETE
Bakewell Mews
Godfrey Parade
Trent House
St Paul’s Place
Orton Plaza
BUXTON, DERBYSHIRE
NEWARK, NOTTINGHAMSHIRE
NEWARK, NOTTINGHAMSHIRE
BIRMINGHAM CIT Y CENTRE
PETERBOROUGH, CAMBRIDGE
MOSELEY GARDENS
37
THE BIGGER PICTURE Since the birth of the buy-to-let mortgage 18 years ago, the average return produced from a buy-to-let investment has significantly outstripped those gained via other major asset classes. Additionally, UK landlords are benefiting from falling mortgage charges and longer fixed-rate deals as the competition between mortgage lenders hot’s up. Our product is perfectly positioned to capitalise on this, delivering secure long term investment, eliminating risk with the reassurance of a tangible asset. By comparing property to the other most popular investment and savings plans, it’s clear to see the added value and security it brings to a traditional savings plan.
INCOME PRODUCED IN RETIREMENT BASED ON £25,000 INVESTMENT
This graph compares the level of income generated by the five main pension investment classes. In this example, UK property is represented by a one bedroom unit at our recently allocated Orton Plaza development. Based on a capital investment of £25,000, it clearly produces the highest level of income compared to all of the other investment classes. Based on exactly the same level of investment by the client,with an annual income of £7,150, Orton Plaza produces £5,893 per year more income than the next best alternative, the UK pension.
INVESTMENT CAPITAL REQUIRED TO PRODUCE £25,000 OF INCOME This graph compares the typical amount of investment required in order to generate £25,000 of income per year, across the 5 main pension investment classes. With UK property represented by a standard one bedroom unit at our Orton Plaza development, this example clearly highlights the staggering difference in investment required by all of the other classes in comparison, only to produce exactly the same amount of income per year.
*returns exclude fees and charges, information provided by Bloomberg
MOSELEY GARDENS
39