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PRS Build-To-Rent Private Rented Communities by

Private Rented Communities by urbanbubble

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Page 1: Private Rented Communities by urbanbubble

PRS Build-To-Rent Private Rented Communities by

Page 2: Private Rented Communities by urbanbubble

“Creating a place where people aspire to live.”

What is a PRC?

Page 3: Private Rented Communities by urbanbubble

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

Page 4: Private Rented Communities by urbanbubble

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.

Page 5: Private Rented Communities by urbanbubble

Quality of Build

Quality of Service

Quality of Lifestyle & Accommodation

Far Greater Cost of Efficiency

WHY Favour over Buy-To-Let

Page 6: Private Rented Communities by urbanbubble

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

Page 7: Private Rented Communities by urbanbubble

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.

Page 8: Private Rented Communities by urbanbubble

Amenities

Page 9: Private Rented Communities by urbanbubble

Party Area

Cinema

Social Area

Big ScreenMedia Room

Multi Screen Lobby Games Area

Rooftop Lobby

TV Area

Lounge Area

Page 10: Private Rented Communities by urbanbubble

Gym

Exercise Mat Area

Class Area

Swimming PoolWorkout Room

Weights Area Spin Class

Table Tennis

Treadmill Area

Gym

Page 11: Private Rented Communities by urbanbubble

‘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

Page 12: Private Rented Communities by urbanbubble

MANAGEMENT

Page 13: Private Rented Communities by urbanbubble

Front Desk - Concierge

Management 1-2-1

Signage

Safe LockersConcierge System

Guidelines Advertising

Waste Management

‘Updates’ System

Page 14: Private Rented Communities by urbanbubble

Security 24hr Concierge

Access Controls

Visitor Registration

Parcel Collection

Parcel Tracking

Zonal Access

Comms Onsite Maintenance Team

Digital Community Forum

Concierge Portal

Page 15: Private Rented Communities by urbanbubble

SERV

ICES

Page 16: Private Rented Communities by urbanbubble

Cold Storage

Pet Friendly

Smoking Area

Laundry Room

Car Park Management

Valeting

Guest Rooms

Page 17: Private Rented Communities by urbanbubble

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

Page 18: Private Rented Communities by urbanbubble

IN THE PIPELINE …

Page 19: Private Rented Communities by urbanbubble

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

Page 20: Private Rented Communities by urbanbubble

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

Page 21: Private Rented Communities by urbanbubble

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

Page 22: Private Rented Communities by urbanbubble

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

Page 23: Private Rented Communities by urbanbubble

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

Page 24: Private Rented Communities by urbanbubble

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

Page 25: Private Rented Communities by urbanbubble

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

Page 26: Private Rented Communities by urbanbubble

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

Page 27: Private Rented Communities by urbanbubble

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

Page 28: Private Rented Communities by urbanbubble

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

Page 29: Private Rented Communities by urbanbubble

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

Page 30: Private Rented Communities by urbanbubble

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

Page 31: Private Rented Communities by urbanbubble

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

Page 32: Private Rented Communities by urbanbubble

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

Page 33: Private Rented Communities by urbanbubble

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

Page 34: Private Rented Communities by urbanbubble

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

Page 35: Private Rented Communities by urbanbubble

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

Page 36: Private Rented Communities by urbanbubble

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

Page 37: Private Rented Communities by urbanbubble

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

Page 38: Private Rented Communities by urbanbubble

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

Page 39: Private Rented Communities by urbanbubble

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

Page 40: Private Rented Communities by urbanbubble

PRC will

PRC has aPRC has a

deliver affordable homesbetter customer focusfirm place in the market

Page 41: Private Rented Communities by urbanbubble

OUR VISION

To be the greatest Residential Property Manager across the Northern Powerhouse,

making our cities a better place to live.

Page 42: Private Rented Communities by urbanbubble

ANY QUESTIONS?T H A N K Y O U F O R L I S T E N I N G

Page 43: Private Rented Communities by urbanbubble

Call 0161 236 3344 and ask for

Michael Howard Managing Director & Owner email [email protected]

Ian Chatburn Director of Sales & Lettings email [email protected]

Page 44: Private Rented Communities by urbanbubble

PRC by