DOORSTEP OF THE CITY
The Residence is only a few minutes’ walk from Manchester City Centre. It sits at the doorstep of Spinningfields (The Canary wharf of the North), Manchester’s main shopping and commercial district and Deansgate, the financial district of the city. The Residence occupies a prominent position within the stunning new £400 million Greengate Masterplan Project and, upon completion, will be one of the tallest residential buildings in the city, making it highly desirable for tenants. The regeneration of Greengate is expected to unlock £400 million of investment over the next 15 years.
PROJECT DETAILS
Location
Greengate, Salford, Manchester
Total units
300 units over 33 floors
Unit Configuration
1-bedroom, 2-bedroom & 3-bedroom
Estimated completion
December 2017
Lease
250 years
Starting Price
£126,000
Payment Terms
40% on exchange, 40% due on 9 Jan 2017 & 20% on completion
Financing
Available – Bank of China & HSBC
Guaranteed Yield
7% nett p.a. for 3 years
Facilities
Concierge
Golf simulator
Restaurant
Modern gym
Car Parking
MANCHESTER – STRONGEST HOUSE PRICE GROWTH
Nationwide recently named Manchester as the UK city with the strongest house price growth in 2013 with values up 21% in one year. Manchester outperformed all other cities and the national average of 8.4%. Thanks to a large student and working population, Manchester now ranks as the no 1 location for rental yields by HSBC.
Manchester’s growing attraction to investors is driven by its economic performance, growing population and position at the centre of the UK Chancellor’s GBP7 billion ‘Northern Powerhouse’, but most important of all is the value investors can find in the city.
Property prices in Manchester remain 13.6% below their pre-recession peak, and conservative forecasts put price growth to 2019 at 20%. Meanwhile the city’s thriving lettings market has been recognised by HSBC as one of the UK’s top ten buy-to-let hotspots, recording the highest yields in the UK between 2010 and 2015 at 6.02% per annum. The average apartment in Manchester is just over a third of the price of an equivalent property in central London.
Transportation in Manchester is a breeze. Trams, buses, trains and cabs easily link the city centre to Greater Manchester including Northern Manchester and Salford Quays, where MediaCityUK is located. Meanwhile, infrastructure projects such as the HS2, a high-speed railway link between Liverpool, Manchester and Leeds; and the One North rail project will boost the city’s accessibility. Further investment in Manchester Airport – the biggest development in the UK outside of London – will also increase the city’s connectivity with international markets.
Cornerstone International Properties proudly markets international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence.
Disclaimer: Cornerstone International Properties does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.
Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260
