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East End, Manchester

From £115,000
Size - 415-919 sq.ft

Actual Yield

Assured

7%

2 Years

Luxury Apartments and Townhouse’s in Manchester with 2 year 7% assured net return

AN ATTRACTIVE NEW ADDRESS FOR RESURGENT EAST MANCHESTER

This opportunity is an exciting new urban village development for Manchester, the fast growing city at the heart of the British government’s initiative for a Northern Powerhouse to rival London and the South East.

It will provide 127 high quality homes, including apartments, cottages, live/work units, townhouses and duplexes in East Manchester – with easy access to the city centre.

The East End of the city is undergoing a radical, far-reaching urban regeneration programme which is changing the face of the area and attracting renters and home buyers alike, with Victoria Gardens contributing to its renaissance.

Manchester’s undoubted world class city status and its sustained growth combine to make it an appealing proposition for investors. With its attractive range of accommodation and outdoor space, served by excellent bus, tram, rail and motorway connections – has much to offer to potential purchasers in this vibrant, expanding city.

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THE TRANSFORMATION OF THE EAST END

Ambitious plans for the regeneration of East Manchester were first drawn up in 2001. Improvements undertaken since then have seen a trebling of house prices as the new East End takes shape. The area has seen the creation of new family neighbourhoods and shopping centres as 5,000 new homes were built and a further 6,700 improved. Business activity blossomed with the creation of 197,000 sqm of new commercial floor space and 1,300 local companies supported by business advisers.

NOMA, an £800 million redevelopment scheme, covering 8 hectares of land in East Manchester is the largest development project in the North West of England. It involves the creation of 400,000 sqm of office, residential, retail, leisure and hotel space. Construction started in 2009 and the scheme encompasses a 20 year regeneration period.

With a huge amount of redevelopment work in the pipeline, this growing, fast improving part of the city is proving an attractive proposition for residents and investors alike.

THE DEVELOPMENT

The development presents an attractive investment opportunity in a unique urban village which is being created on the doorstep of Manchester City Centre, with excellent transport links close at hand.

Situated in emerging East Manchester, it is benefiting from the transformation of the East End of the city which has witnessed the recent redevelopment of Manchester City’s Etihad Campus and the biggest residential investment Manchester has seen for a generation.

The convenience of its location is augmented by an appealing mix of house types that will form the new urban village complete with courtyards, a public square, orchard, play area, car parking and community facilities. There’s a wide choice of 127 high quality homes including apartments, cottages, live/work units, townhouses and duplexes.

Factor in the excellent bus, tram and rail connections and the easy access to the motorway network and it’s clear to see how Victoria Gardens marries convenience, quality of life and the attractions of a world class city – lifestyle benefits that combine to provide an appealing option for the discerning investor.

INVESTMENT  HIGHLIGHTS

  • 7% p.a. NET rental yield guaranteed for 2 years
  • Luxury apartments from £115,000
  • 127 quality homes including apartments, cottages and townhouses.
  • High end finishing by reputable developer
  • Direct access to Metrolink
  • Over 1 billion regeneration in immediate area
  • 250 years leasehold
  • Development with 10 year building warranty (NHBC)
  • Completion from Q4 2017
  • 26.4% capital and rental growth expected bu 2019 – JLL

To find out more about this development, current availability
and research reports, please request information here