TAMEWAY PLAZA WALSALL

Transcription

1 TAMEWAY PLAZA WALSALL

2 WELCOME TO PROSPERITY 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 Birmingham based developers, building and delivering desirable homes and offering an innovative buy-to-let proposition to the home market and private investor. CURRENT PORTFOLIO 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. OUR TEAM Over 30 strong and all passionate about Property; working with the very best industry professionals and funders to deliver our projects. OFFICE LOCATIONS With the majority of the team based at our Birmingham office HQ, we also have offices in Dubai, Hong Kong and Malaysia 3 YEARS FROM NOW We re on track to have delivered over 1 billion of residential property. FACILITATION BUSINESSES WITHIN THE PROSPERITY 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. THE PROPERTY 04 THE LOCATION 10 FLOOR PLANS 16 THE INVESTMENT 40 CONTACT 51 The Brownhills Miners Walsall 3

3 A contemporary selection of 143 one and two bedroom town centre apartments T H E PROPERTY Image Indicative of Tameway Plaza 5

4 143 APARTMENTS 99,995 STARTING PRICE Choice of MORTGAGE FREE PAYMENT PLANS Image indicative of open plan living area Tameway Plaza exterior Located in the centre of Walsall, bringing all of the high street favourites, along with coffee houses, pubs and restaurants. Connections wise, the development is excellently served by local amenities and public transport access both within a short walk, with Birmingham city centre within 8 miles. View from Tameway Plaza Image indicative of bedroom 7

5 THE FINISHING TOUCHES ALL HOMES WILL OFFER 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 finish BATHROOM LIGHTING l TOILET l VANITY UNIT l BASIN BASIN MIXER TAP l SHOWER ROSE SHOWER SHELF l TOWEL RAIL KITCHEN LIGHTING l OVEN l COOKER TOP RANGE HOOD l CUPBOARDS l WORKTOPS SPLASHBACK l ONE & A HALF SINK MIXER TAP Image indicative of kitchen finish Victorian Shopping Arcade 9

6 IT S ALL ABOUT THE REASONS TO LOVE WALSALL 11

7 WHY INVEST IN WALSALL Walsall is a thriving historic town which caters for residents and visitors of all ages, there is no shortage of shopping, eateries, activities or nightlife and it is the largest industrial town in the West Midlands. Walsall requires new homes to facilitate its rising local population due to extensive job creation within the region, a re-development hotspot with recent projects including Walsall Manor Hospital ( 174million), Walsall College ( 65m), Waterfront South ( 60m) and St Matthew s Quarter ( 25m) naming just a few of the significant infrastructure investments in the area. Population 269,323 Walsall Borough population taken from 2011 UK Census. Transport Walsall is extremely well connected within the UK road network. The train station is located in the town centre, with four trains per hour running to Birmingham. Walsall is located 8 miles north-west of the City of Birmingham and 6 miles east of Wolverhampton. Walsall boasts a fantastic location with close links to Birmingham, Wolverhampton, Sutton Coldfield, Cannock, West Bromwich and instant access to the M6 Motorway. Amongst this heart of this industrial town lies Walsall Arboretum, a beautiful Victorian public park and green space over 80 acres which has recently undergone major restoration. Retail Saddlers Shopping Centre the social hub of Walsall s community. It s the ideal place to meet friends and family, to eat, drink, work, and to enjoy leisure time. Walsall Town Hall Education 12 junior schools, numerous secondary schools, including comprehensives, academies, private and grammar school. Walsall College provides further education and the town is home to the University of Wolverhampton s Sports & Art Campus and School of Education. Walsall Art Gallery Walsall Arboretum Walsall College 13

8 A PRIME TOWN CENTRE LOCATION CROWN WHARF SHOPPING PARK Tameway Plaza is Walsall s tallest building and well renowned landmark, recognised for what the Black Country that is famous for, its industrial past and progressive modern THE NEW ART GALLERY TAMEWAY PLAZA WALSALL ARBORETUM community. SADDLERS SHOPPING CENTRE The development is centrally located in the business district, 8 miles north west of Birmingham city centre, with M6, M5, M42 Motorways and the Birmingham relief road all within easy access. WALSALL MANOR HOSPITAL WALSALL TRAIN STATION ST MATTHEWS Tameway Plaza will be situated just a few minutes walk from the High Street, the Saddlers CHURCH Shopping Centre and Walsall Train Station. Crown Wharf Shopping Park hosts a variety of warehouse-sized outlets and restaurants, whilst Birmingham s Bullring shopping centre is located just a 20 minute drive from Walsall Town centre - with over 160 of the most imaginative and desirable shops for you to explore - including Selfridges and Debenhams. MAYFIELD PREP SCHOOL UNIVERSITY OF WOLVERHAMPTON A fantastic location in the heart of the town, with the best of Walsall all within a few minutes walk. Canalside Development View from Tameway Plaza 15

9 Floor Plan FIRST FLOOR Unit M 2 Unit M 2 Unit 02 Unit M 2 Unit M 2 Unit M 2 Unit M 2 Unit M m 2 46 m m 2 Unit M 2 Unit M 2 62 m 03 2 Unit M 2 Unit M m m 2 Unit M 2 Unit M 2 Unit M 2 Unit M m m 61 m2 49 m m 2 Unit M 2 Unit m m 2 Unit M 2 Unit M 2 Unit M 2 Unit M m 2 90 m 2 76 m 55 m 2 89 m m 2 44 m 2 43 m m 2 17

10 Floor Plan SECOND FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

11 Floor Plan THIRD FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

12 Floor Plan FOURTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

13 Floor Plan FIFTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

14 Floor Plan SIXTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

15 Floor Plan SEVENTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

16 Floor Plan EIGHTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

17 Floor Plan NINTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

18 Floor Plan TENTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

19 Floor Plan ELEVENTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

20 Floor Plan TWELFTH FLOOR Unit 01 Unit m 2 Unit M 2 Unit 04 Unit Unit 06 Unit m 2 WEST WING CORRIDOR new window opening required Unit M 2 Unit m m 2 403m 2 Unit M 2 Unit 11 EAST WING CORRIDOR

21 CHOOSE YOUR PERFECT INVESTMENT Payment plans designed with you in mind 41

22 Payment Plan 01 THE NO MORTGAGE PLAN Payment Plan 02 THE QUARTERLY PURCHASE PLAN Pay a 3% initial payment towards your deposit (minimum of 3000) plus 850 legal fees. Your 48% deposit is then divided by the number of build term months and paid on a monthly basis. Upon completion, remaining payments are covered by rental income over 8 years. 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. An innovative, fully asset-backed savings plan that presents an appealing alternative to the traditional savings plan. Pay 8 payments of 12.5% across a scheduled two year period - at the 24th month you can either retain the property and receive the rental income for life, or look to sell the property in the open market. SUMMARY - 1 BED APARTMENT GBP Purchase Price 99, RESERVATION AND EXCHANGE THE NO MORTGAGE PLAN Prosperity Reservation Deposit 3% (minimum 3000) 3, Legal Fees Reservation / Exchange stage total due 3, MONTHLY PAYMENT STAGE 48, % deposit divided by 24 month build schedule 2, x 24 RENTAL REPAYMENT STAGE 48, Yr 1 Rental 6, Yr 2 Rental 6, Yr 3 Rental 7, Yr 4 Rental 7, Yr 5 Rental 7, Yr 6 Rental 8, Yr 7 Rental 4, INCOME Estimated Gross Rental Income Per month / Per annum 6, Estimate Yield based on above 6.60% EXPENSES Service Charge (estimated) Ground Rent (estimated) Tenant Management 12.5% + vat Total Expenses* Per month / Per annum 2, INCOME NET OF EXPENSES PER MONTH / PER ANNUM 4, * + Letting & Setup Fees SUMMARY - 2 BED APARTMENT GBP Purchase Price 134, RESERVATION AND EXCHANGE THE LUMP SUM PLAN Prosperity Reservation Deposit (minimum 3000) 4, Legal Fees Reservation / Exchange stage total due 4, PAYMENT STAGES 1 Stage Q1 16, Stage Q2 16, Stage Q3 16, Stage Q4 16, Stage Q5 16, Stage Q6 16, Stage Q7 16, Stage Q8 16, INCOME Estimated Gross Rental Income Per month / Per annum 7, Estimated Gross Rental Yield based on above 5.78% EXPENSES Service Charge (estimated) Ground Rent (estimated) Tenant Management 12.5% + vat 1, Total Expenses* Per month / Per annum 2, INCOME NET OF EXPENSES PER MONTH / PER ANNUM 5, * + Letting & Setup Fees 43

23 Payment Plan 03 MONTHLY & 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 - 1 BED APARTMENT GBP Purchase Price 99, RESERVATION AND EXCHANGE Prosperity Reservation Deposit 3% (minimum 3000) 3, Legal Fees Reservation / Exchange stage total due 3, MONTHLY PAYMENT STAGE 29, Deposit divided by 24 month build schedule 1, x 24 COMPLETION STAGE Balance payment - by way of mortgage or cash 66, Mortgage arrangement fee if applicable (estimated) Amount due at Completion Stage 67, INCOME Estimated Gross Rental Income Per month / Per annum 6, Estimate Yield based on above 6.60% EXPENSES Service Charge (estimated) Ground Rent (estimated) Tenant Management 12.5% + vat Total Expenses* Per month / Per annum 2, INCOME NET OF EXPENSES PER MONTH / PER ANNUM 4, * + Letting & Setup Fees Premier Inn, Walsall 45

24 RENTAL & VOID ASSURANCE What s in it for me? WHY INVEST IN PROSPERITY? 3 3 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. 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. LAMONT ASSET MANAGEMENT PROVIDES THE FINAL 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 PROSPERITY CLIENTS, WE HAVE CREATED A RENTAL ASSURANCE INVESTOR PACKAGE INCLUDING: RENTAL AND LEGAL PROTECTION * VOID COVER BETWEEN TENANCIES 5 YEAR RENT & VOID ASSURANCE 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. Mortgages, 100% covered by rental assurance plans from completion. Strong yields Properties starting from just 24 payments of 1,610 Followed by rental income. 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 DISCOUNTED MANAGEMENT FEE OF 8%** UNIQUE SECURE ONLINE LANDLORD 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. 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. 7 PROSPERITY DO NOT OFFER: Student accommodation Hotel apartments Any kind of collective investment or fund. 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 * No excess for 5 years ** + Vat, Letting & Setup Fees * Subject to Standard Terms & Conditions 47

25 Our recent DEVELOPMENTS 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. UNITS AVAILABLE UNITS AVAILABLE UNITS AVAILABLE SOLD OUT SOLD OUT BUILD COMPLETE SOLD OUT BUILD COMPLETE Town Gate LINCOLNSHIRE Bentley Court KEIGHLEY, WEST YORKSHIRE The Pinnacle SOUTHEND, ESSEX Beckett House DERBY CITY CENTRE SOLD OUT BUILD COMPLETE BUILD COMPLETE BUILD COMPLETE Kings Mill MANSFIELD, NOTTINGHAMSHIRE Castle Court DUDLEY, WEST MIDLANDS Prosperity House DERBY CITY CENTRE Parkwood Court KEIGHLEY, WEST YORKSHIRE BUILD COMPLETE BUILD COMPLETE SOLD OUT BUILD COMPLETE B1 BIRMINGHAM CITY CENTRE Victoria Mill DRAYCOT, DERBYSHIRE Key Hill BIRMINGHAM CITY CENTRE JQ1 BIRMINGHAM CITY CENTRE BUILD COMPLETE SOLD OUT BUILD COMPLETE BUILD COMPLETE Priestgate House PETERBOROUGH, CAMBRIDGE Varity House PETERBOROUGH, CAMBRIDGE Chartwell Plaza SOUTHEND ON SEA, ESSEX Bakewell Mews BUXTON, DERBYSHIRE Godfrey Parade NEWARK, NOTTINGHAMSHIRE Trent House NEWARK, NOTTINGHAMSHIRE St Paul s Place BIRMINGHAM CITY CENTRE Orton Plaza PETERBOROUGH, CAMBRIDGE 49

26 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. CONTACT US 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. For more information or to discuss your investment please contact the Prosperity team UK +44 (0) JQ1, 32 GEORGE ST, BIRMINGHAM B3 1QG MALAYSIA + (60) MENARA UOA BANGSAR, KL HONG KONG LEVEL 5, TWO EXCHANGE SQUARE, 8 CONNAUGHT PLACE, HONG KONG 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. DUBAI + (971) THE FAIRMONT, SHEIKH ZAYED ROAD DUBAI, UAE PO BOX ENQUIRIES@PROSPERITY-WEALTH.CO.UK *returns exclude fees and charges, information provided by Bloomberg 51

27 UNIT 1 JQ1 32 GEORGE STREET BIRMINGHAM B3 1QG UK