Flat in Manchester, United Kingdom, 91 m²

This residential complex is an example of a new premium construction in one of the most promising areas of Manchester. The complex consists of 174 apartments with 2 and 3 bedrooms. The building was built taking into account the latest trends, is located in the center and at the same time apartments are available at reasonable prices. The design is executed by award-winning architects and is ideal for families who need a convenient location with good transport links, as well as proximity to educational institutions, parks and sports grounds.

The last apartments are on sale.

Commercial terms:

Type of investment: BUY-TO-LET.
Due date: Q 4-2023

Prices from £499,867 for 2-bedroom apartments with an area of 91-101 sq.m.

• Panoramic view of the city
• The best universities in the immediate vicinity
• Located in the center of Manchester
• 1 minute walk to Metrlolink stop
• Roof garden with panoramic views and places to relax
• Courtyards with gardens
• Parking – £ 20,000

Expected rental income ~5%

Stages of payment:

1. Booking £5,000
2. 25% down payment
3. The remaining 75% after completion of construction in Q4 2023

Why Manchester?

• Rental rates are higher than in London – net yield 4-5% per annum
• A steady increase in real estate prices by 4-7% per year over the past few years. Over the past 12 months, an increase of 8.7% is one of the highest in the UK
• The highest projected growth in the UK over the next 5 years is 18.8% according to Savills analytics
• Is the best city for investment in real estate for rent according to the bank Aldermore
• HS2 high-speed railway project under construction, which will reduce the time to London by 2 times
• The presence of large employer companies – Google, Amazon, Microsoft, Booking, etc., and the active development of the IT sector, which increases the number of potential tenants
• A high percentage of renters – 31% of the population