Boasting river and city views, the development will feature 300 luxury riverside apartments ranging from 1, 2 and 3 bedrooms. 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. The impressive build will be spread over 33 floors and will be finished to a high standard. The building will be further enhanced with on-site facilities such as a concierge, a golf simulator, restaurant and a modern gym.
The Residence will appeal to the rising young professional population moving to an area recently galvanised by huge investment. The apartments are ideally situated to maximise on the increasing appeal of riverside living in the centre of Manchester.
The Residence is currently targeted to complete in Q4 2018.
The Residence - Investment Highlights
7% NET annual returns assured for 3 years
Genuine city centre living
Exceptional buy to let investment opportunity
250 year leasehold properties
The Residence - Why Invest Off Plan?
Off plan apartments at The Residence Manchester are priced competitively when compared to the local market’s current stock and new-build pipeline. A recent valuation supplied by an independent surveyor has indicated a 12% discount on the price of the apartments at The Residence Manchester. This is a projection based on the anticipated future value of the apartments upon completion.
The Residence - Prices
1 bedroom apartments from £154,818
2 bedroom apartments from £192,149
The Residence - Furniture Packs
Investors are required to purchase a luxury furniture pack to qualify for the 3-year assured rental period. A furniture pack for a 1 bed apartment will cost £5,000, £7,000 for a 2 bed and £9,000 for a 3 bed.
The Residence - Purchase Process
1. 30% exchange of contracts (approximately 28 days from reservation)
2. 20% stage payment due on 1st Sept 17
3. 30% stage payment due on 1st March 18
4. 20% on completion
|Two Bedroom Apartments||-||2||£172,000.00||Enquire|
|One Bedroom Apartments||-||1||£163,833.00||Enquire|
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