Key information

Tenure: Leasehold | 900 yrs left

Council tax: Band C

Features and description

Tenure: Leasehold (900 years remaining)

Introducing Our Latest Development in the Heart of Manchester City Centre

We are excited to present our newest residential development, located in the vibrant heart of Manchester City Centre. This impressive 40-storey tower will feature one- and two-bedroom apartments, all finished to the highest standards of quality.

Full Description:

This exceptional development offers residents a luxurious living experience. The building will offer a selection of penthouses, one-bedroom, and two-bedroom apartments, designed with the finest finishes. Onsite, residents will have access to a range of exclusive amenities, including a swimming pool, gym, bar, private cinema room, and karaoke room. Additionally, the development's prime location ensures that an abundance of restaurants and shops are just steps away.

Investment Overview:

Estimated 6% rental return

Completion expected by Q2 2024

Up to 20% below market value

Ground rent of just 0.1% (subject to review)

250-year leasehold

Council tax band C

Pricing:

1-bedroom apartments from £240,000

2-bedroom apartments from £350,000

1-bedroom penthouses from £300,000

2-bedroom penthouses from £400,000

Location Overview:

Manchester is ranked as the UK’s #1 investment location

The average monthly rent has increased by 8.3% in the last two years

High tenant demand

New office developments bringing 15,500 new jobs to the area

This development presents an ideal investment opportunity, offering low ground rent (just 0.1%), which will be reviewed in the future. The service charge is estimated at £3.5 per sqft, and properties are situated in Council Tax band C.

Information provided is subject to change.

Property information from this agent

Lower Mosley Street

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About this agent

Elite Realty Invest - Manchester

Bloc 17, Marble Street Manchester M2 3AW

0151 382 1682

Full profile Property listings

Manchester property market is enjoying steady growth, thanks the swift increase of the cities population and backlog from several years of a lack of housing supply. With JLL,one of the UK's largest property investment experts, projecting rental increases of 4.2% across Manchester over the coming 5 years and the city becoming home to one of the highest proportions of private renters in the UK (at 26.68%). Manchester offers solid credentials as one of the most promising buy to let locations in the UK.