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PRS Build-To-Rent Private Rented Communities by
“Creating a place where people aspire to live.”
What is a PRC?
Why urbanbubble?
Block Management
Facilities Team
Maintenance Team
Sales & Lettings
Multi Award Winning Set up to double block management in 3 years, serve 2k
PRC’s in 2 years & 10k in 5 years
Secured 3 Developments with 3 more in the pipeline.
Advisor for Manchester Life development team.
Conducted City Centre Survey in 2014.
2015, Conducted Market Research in the USA & Europe (2016).
Held Various Events and forums.
Created a www.ManchesterPRS.co.uk to track the PRC developments across Manchester & Salford.
Defined Efficient and Effective Operating Structures
Comprehensive Gross and Net Income Modelling to 15 years
WHERE WE ARE WITH PRC
WHAT WE BELIEVE
We believe this is where City Living is going in 20 years
and we want to be at the forefront.
Quality of Build
Quality of Service
Quality of Lifestyle & Accommodation
Far Greater Cost of Efficiency
WHY Favour over Buy-To-Let
Based on 400 apartments in Manchester City Centre, with standard market rents on furnished apartments with one and two bedroom mix (projected for 2017), which are vacated every 12 months, VAT is not included.
Conventional Management Costs Unit Price Total Finders Fee £500 per tenant £200,000 Lettings Management Fee 10% Rental Income £589,500 Block Management Fee £155 p.a. £62,000 Total £851,000 Total Management Costs per Unit £2,128 p.a.
COST STRUCTURE Looking at Management fees, it is cost effective to use a holistic service
RENTAL PRICES Comparing 1 & 2 Bed Apartments in New York, Philadelphia & Manchester
New York Philadelphia Manchester
1 Bed £2,990pm £1,653pm £795pm
2 Bed £4,715pm £2,385pm £1,100pm
The above monthly rental prices are an average.
Amenities
Party Area
Cinema
Social Area
Big ScreenMedia Room
Multi Screen Lobby Games Area
Rooftop Lobby
TV Area
Lounge Area
Gym
Exercise Mat Area
Class Area
Swimming PoolWorkout Room
Weights Area Spin Class
Table Tennis
Treadmill Area
Gym
‘Work From Home’ Offices
Hot Desks
Board Room
Interview RoomsMeeting Rooms
Open Plan Office Printing / Faxing
1-2-1 Meeting Rooms
‘Quick Search’ Area
WFH Room
MANAGEMENT
Front Desk - Concierge
Management 1-2-1
Signage
Safe LockersConcierge System
Guidelines Advertising
Waste Management
‘Updates’ System
Security 24hr Concierge
Access Controls
Visitor Registration
Parcel Collection
Parcel Tracking
Zonal Access
Comms Onsite Maintenance Team
Digital Community Forum
Concierge Portal
SERV
ICES
Cold Storage
Pet Friendly
Smoking Area
Laundry Room
Car Park Management
Valeting
Guest Rooms
10TOP
T H I N G S L E A R N E D
Holistic Service
Customer Focus
Better Onsite Services
Dedicated Property Manager Onsite & Lettings
Concierge Facility
Security
Resident Amenities
Community Events
Digital Comms
Onsite Maintenance
IN THE PIPELINE …
M A N C H E S T E R L I F E
D E V E L O P M E N T
M A N C H E S T E R L I F E
D E V E L O P E R S
3 0 2
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 7
T R I N I T Y
D E V E L O P M E N T
F I C I M
D E V E L O P E R S
3 8 7
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 7
C R E S C E N T
D E V E L O P M E N T
F I C I M
D E V E L O P E R S
4 0 5
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 7
O X Y G E N
D E V E L O P M E N T
P R O P E R T Y A L L I A N C E G R O U P
D E V E L O P E R S
3 4 7
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 7
P R I N C E S S / W H I T W O R T H S T R E E T C O R N E R
D E V E L O P M E N T
U R B A N & C I V I C
D E V E L O P E R S
3 4 7
U N I T S S TAT U S
S TA R T D AT E 2 0 1 6
N E W B A I L E Y
D E V E L O P M E N T
M U S E D E V E L O P M E N T S
D E V E L O P E R S
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 6
K A M P U S
D E V E L O P M E N T
C A P I TA L & C E N T R I C , H E N R Y B O O T D E V E L O P M E N T S
D E V E L O P E R S
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 6
W H I T W O R T H S T R E E T W E S T T O W E R
D E V E L O P M E N T
B R I G A N T E S D E V E L O P M E N T S
D E V E L O P E R S
3 3 0
U N I T S S TAT U S
R I V E R S T R E E T T O W E R
D E V E L O P M E N T
F O R S H AW L A N D & P R O P E R T Y
D E V E L O P E R S
4 2 0
U N I T S S TAT U S
S TA R T D AT E 2 0 1 6
S T J O H N ’ S
D E V E L O P M E N T
A L L I E D L O N D O N
D E V E L O P E R S
2 , 5 0 0
U N I T S S TAT U S
A N G E L G A R D E N S
D E V E L O P M E N T
M O D A L I V I N G
D E V E L O P E R S
4 5 0
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 7
D E V E L O P M E N T
M U L B U R Y H O M E S
D E V E L O P E R S
1 3 4
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 7
M I D D L E W O O D L O C K S
D E V E L O P M E N T
S C A R B O R O U G H G R O U P
D E V E L O P E R S
2 , 0 0 0
U N I T S S TAT U S
F I R S T S T R E E T
D E V E L O P M E N T
PAT R I Z I A U K
D E V E L O P E R S
5 0 0
U N I T S S TAT U S
A L D E L P H I W H A R F
D E V E L O P M E N T
F O R T I S D E V E L O P M E N T S
D E V E L O P E R S
5 8 0
U N I T S S TAT U S
E X P E C T E D T O S TA R T A P R I L 2 0 1 5
U R B A N V I L L A G E , C L I P P E R S Q U AY
D E V E L O P M E N T
A R M S T O N E D E V E L O P M E N T S
D E V E L O P E R S
6 1 4
U N I T S S TAT U S
S TA R T D AT E Q 3 2 0 1 5
T H E H AT B O X
D E V E L O P M E N T
S C A R B O R O U G H G R O U P
D E V E L O P E R S
1 4 4
U N I T S S TAT U S
C O M P L E T I O N D AT E 2 0 1 6
A X I S T O W E R
D E V E L O P M E N T
P R O P E R T Y A L L I A N C E G R O U P & D E V E L O P M E N T S E C U R I T I E S
D E V E L O P E R S
1 7 2
U N I T S S TAT U S
C O M P L E T I O N D AT E Q 4 2 0 1 6
D O W N T O W N B Y V I L L A O N T
D E V E L O P M E N T
M C G O F F & B Y R N E
D E V E L O P E R S
3 8 3
U N I T S S TAT U S
E X P E C T E D T O S TA R T 2 0 1 5
G R E E N G AT E
D E V E L O P M E N T
R E N A K E R
D E V E L O P E R S
4 9 7
U N I T S S TAT U S
E X P E C T E D T O F I N I S H 2 0 1 6
X 1 M E D I A C I T Y
D E V E L O P M E N T
K N I G H T K N O X I N T E R N AT I O N A L & X 1 D E V E L O P M E N T S
D E V E L O P E R S
1 , 0 3 6
U N I T S S TAT U S
E X P E C T E D T O S TA R T F E B 2 0 1 5
PRC will
PRC has aPRC has a
deliver affordable homesbetter customer focusfirm place in the market
OUR VISION
To be the greatest Residential Property Manager across the Northern Powerhouse,
making our cities a better place to live.
ANY QUESTIONS?T H A N K Y O U F O R L I S T E N I N G
Call 0161 236 3344 and ask for
Michael Howard Managing Director & Owner email [email protected]
Ian Chatburn Director of Sales & Lettings email [email protected]
PRC by