The Residence Manchester
The Residence Manchester is an exciting exclusive residential property located in the UK’s fastest growing city, Manchester. With property prices, rental returns and the city’s population all on the up, Manchester is the UK’s number one location for buy-to-let investment. The development will feature 300 luxury riverside apartments ranging from 1, 2 and 3 bedroom apartments boasting river and city views. Investors will secure a long lease on a high specification new-build apartment which will provide an assured income of 7% NET per annum for 3 years. The investment will also accrue interest on deposited funds throughout construction; therefore buyers can achieve a return on investment from day 1.
The Residence Manchester
- High specification apartments
- Furniture packs available from £5,000
- Modern gym
- Virtual golf
- Manned concierge & 24/7 CCTV
- Parking spaces available at an additional cost
Project Location
The apartments are ideally situated to maximise on the increasing appeal of riverside living in the city. Victoria Station, a key hub is less than 5 minutes away. Therefore making this an excellent location for local professionals. Furthermore, Spinningfields the financial centre of Manchester and described as the ‘Canary Wharf of the North’ is fifteen minutes’ walk away. The Residence Manchester is walking distance from Deansgate, the centre of Manchester’s leisure circuit and abundance of restaurants, bars and cafes and Exchange Square, home to Selfridges, Harvey Nichols and luxury boutiques including Louis Vuitton, Hugo Boss and Mulberry, the close proximity to the main attractions will therefore ensure the property stays in high demand for rent and also resale.
Manchester’s growing attraction to investors is explained by a combination of factors. Its economic performance, growing population and position at the centre of the UK Chancellor’s GBP7 billion ‘Northern Powerhouse’ are the main structural factors driving this. The average apartment in Manchester is just over a third of the price of an equivalent property in central London. Therefore Manchester is excellent value in comparison. For any further information on Buy to Let Properties drop us an email at info@hanoversquarerealestate.com
