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The Residence, Manchester

Development Details

  • Price: £418,446.00
  • Location: Manchester
  • Region: Greater Manchester
  • Country: United Kingdom

Highlights

  • 6% net assured for 3 years
  • Genuine city centre living
  • 10 minutes walk to Arndale Shopping Centre
  • Exceptional buy to let investment opportunity

Enquire about this Development

Information on The Residence

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 6% 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 - Investment Highlights
6% net assured for 3 years
Genuine city centre living
River views
Exceptional buy to let investment opportunity
250 year leasehold properties
Estimated completion Q4 2020

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 - 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
Payment Plan 1:
1. Complete reservation form and Reservation fee of |5000.00
2. 25% Due at Exchange of contracts
3. 25% Stage Payment due June 2019,
4. 50% due at completion
Payment Plan 2
1. Complete reservation form and Reservation fee of |5000.00
2. 40% Due at Exchange of contracts
3. 40% stage Payment due in June 2019
4. Balance on completion minus 2% interest on deposited funds

Development Availability

PropertySizeBedroomsPriceEnquire
Three Bed Apartment-3£440,114.00Enquire
Two Bedroom Apartments-2£418,446.00Enquire

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  • "My wife and I were looking for purpose built student accommodation for investment and, notwithstanding that we were not their clients, the team at Hopwood House took the trouble to identify our goals and then set about helping us to achieve them."

    Peter Taylor | Student Accommodation Investment

  • All the way through the process you have kept us informed and dealt with the negotiations in a most professional way.

    Audrey & Colin | Lancashire

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