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1 bedroom apartment for sale
Key information
Property description & features
- Hands off investment
- 7% yield
- Full management company in place
- Gym
- Investment Opportunity
- Off plan
- Only 25% deposit required
- Proven developer with excellent track record
- Stunning executive Apartments
- UK's number one investment location
For Investment Purposes Only - 25% Deposit Required
The development holds 177 one, two and three bedroom apartments which will be spread across 25 storeys and finished to the highest standard. Residents will have unlimited amenities just outside their doors, with a cosy work from home station, gymnasium and communal garden. With us all becoming more accustomed to spending more time at home, each apartment has been designed with the tenants core needs being in mind with luxurious large windows and earthy tones to allow a natural feel.
INVESTMENT OVERVIEW
7% yield
Only 25% deposit required
Q2 2024 completion
0.1% Ground rent
250 year leasehold
Band C council tax
1 bedroom apartments from £191,000
2 bedroom apartments from £290,000
3 bedroom apartments from £365,000
LOCATION OVERVIEW
-Regeneration is set to increase the value of Piccadilly
-Rent in Manchester are expected to see a 16.5% increase between 2020-2024
-Huge demand from potential tenants for Ancoats
In the next few years the area of Piccadilly and its surrounding areas are set to regenerate massively. The biggest factor of this is the new HS2 station that is arriving to the already running Piccadilly station. Alongside HS2 there will also be residential developments and green space growth helping the regeneration.
This apartment is the perfect investment with only a 0.1% ground rent which will be reviewed in the future (contact our team for more information), over a 250-year leasehold. The service charge is estimated at £3.4 sqft (investors will be made aware of the review date in the future) and is also predicted to be within the Council Tax band - C.
Contact us today to discuss this exciting new development with one of our consultants.[use Contact Agent Button]
*information provided is subject to change*
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*DISCLAIMER
Property reference RS9201.04. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Elite Realty Invest - Manchester.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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