Bed: 1Bath: 1
Apartment, Student Accommodation Investments
The development comprises of 380 – one, two and three bed “mega” apartments in two prominent blocks of 12 and 16 storeys together with top floor penthouse apartments offering full wrap around balconies offering city scape views and a range of family Manhattan style town houses with pavement level access.
The buildings are set within a carefully designed and crafted gated city garden with substantial outdoor living and internal amenity space which will include fully equipped laundrette, gymnasium, fitness studios, cinema room, bistro, bar, letting suite and three reception areas with 24/7 concierge services. Amenities and aesthetics are, of course, important, but it’s the day-to-day living experience that truly makes any development – and Local Blackfriars’ is exemplary.
This development is located on the edge of the new major regeneration area of Salford, Greater Manchester which is called Greengate. Greengate is the key investment focus of Salford City Council, who are enacting a bold vision to transform it into a new corporate centre for the city. The last five years have seen more than £500 million invested into the area by the private sector, creating more than 1,000 residential units and 50,000 sq ft of new commercial floorspace.
With Manchester’s central business district, Victoria train station and the Arndale shopping centre all within five minutes’ walk, Greengate is now considered the new ‘in’ place to reside as the city continues to be transformed by high-quality developments such as Local Blackfriars. Also it’s just five minutes walk away is The Lowry Hotel, Harvey Nichols, Selfridges and the main Manchester shopping district, as well as the busy Deansgate with all of the major recognised brands for food and beverage. Manchester Victoria train station and the MEN events arena are also both within a five minute walk.
INVESTMENT FACTS:
Manchester itself is a buy-to-let hotspot with international recognition as huge numbers of young people flock to the city, pushing up property prices and increasing demand for luxury apartments. Manchester has great rail connections, with three major train stations in the city centre and London being just two hours away. The new £40bn High Speed Railway, HS2, will ensure great connections to the capital and halve the journey time. Over the past 5 years Manchester has dramatically changed, billions pounds of investments and regeneration happening all over the city and this has caused property prices and rental prices to increase. In the last 5 years Manchester property prices has increased year on year with a grand total of 25.8%. Investors still have an great chance to still take advantage of the capital growth with a forecast of a further 26.4% from now until 2023!
The city centre is expanding outward to accommodate demand from new residents and businesses absorbing new neighbourhoods such as Ancoats and New Islington. The main reason for the major City centre growth is from the young professionals who are wanting to stay and enjoy the city centre lifestyle. Many of these young professionals are the 100,000 students that attend the cities Universities, they graduate and continue their career in this vibrant city. Greater Manchester’s population will grow by 121,000 people by 2027, which represents growth of 4.3% over ten years. A backlog from several years of housing undersupply has meant demand has consistently exceeded supply leading to strong price and rental growth. The Manchester rental market is very strong with an expected increase of 4.2% every year for the next 5 years with City centre and close by properties high sought after.
Manchester’s economy is very strong and keeps growing and growing with more companies starting up and moving into the city. The are lots of major regeneration projects and investments to keep pushing the prices and economy even further. Just to name a few is the one we’ve all heard about is the £40bn HS2 train line, that will connect London to the Midlands and to Manchester with a travel time of just over 1 hour. We have the Manchester airport extension which is a £1bn project by the Beijing construction groups that will create thousands of further jobs. We also have the Manchester £1.5bn Etihad life campus. Last but certainly not least Phase two of the MediaCityUK which is home to BBC and ITV. This was completed in 2010 by the Peel group and was totally transformed this part of Manchester and has had billions of pounds invested into this area. As part of its second phase development, MediaCityUK is set to see rapid expansion through the construction of a range of new residential, commercial and leisure developments scheduled for 2018. Set to sit alongside the existing world-class office and studio facilities, phase II of the MediaCityUK development aims to provide more residential opportunities and satiate the growing demand for high quality residential properties in the area.
Manchester luxury 1-3 apartments 10-30% deposit only - Blackfriars Rd, Manchester, Salford, UK
