Middlewood Plaza Manchester

Middlewood Plaza is an exciting new development in the heart of the Middlewood Locks regeneration zone, offering investors an estimated 5% rental return.

HIGHLIGHTS

  • Estimated 5% net rental yield
  • Offering prices from £156,000
  • Q3 2019 completion
  • 10 minute walk from Manchester city centre
  • Appealing mix of apartments, townhouses and duplexes

INTRODUCTION

Consisting of stylish apartments, townhouses and duplexes and located in the popular Salford area, Middlewood Plaza is the ideal investment property for those looking to be a part of North West England's bright future. The impressive development features split-height blocks of six and nine storeys, with a total of 125 homes across the site, in the largest of Manchester's three main regeneration corridors.

OVERVIEW

The contemporary Middlewood Plaza development has been designed to suit the needs of urban professionals working in both Salford and Manchester city centre. The mix of apartments, townhouses and duplexes will offer an appealing, family environment to those wanting luxurious city centre living in an outstanding location. With high quality kitchens and bathrooms fitted as standard, Middlewood Plaza will present a superior quality apartment to the Manchester rental market, offering investors an exciting and unique development with broad appeal. The bright, spacious apartments are complemented by a superb roof terrace, with views over the city, to which all residents enjoy private access. As well as residential accommodation, the £1 billion Middlewood Locks regeneration zone is set to offer extensive leisure facilities and amenities including a gym, hotel, bars, restaurants, nursery and medical centre. Middlewood Plaza is located in the heart of Middlewood Locks, which provides pedestrian access between Salford and Manchester city centre. Cycle access is in the process of being added, furthering the area's excellent connectivity.

PAYMENT STRUCTURE

1. Complete reservation form and £5,000 reservation fee
2. 25% of purchase price due on exchange – less reservation fee
3. 75% of purchase price due on completion

WHY INVEST IN MANCHESTER?

Manchester has been where it’s at for the last couple of centuries. Since the Industrial Revolution, it’s since become the European City of Science 2016. A magnet for business, with a huge and talented workforce, it sits at the centre of ‘The Northern Powerhouse’. A creative force to be reckoned with, it’s booming reputation is only set to get bigger. The Northern Powerhouse generates 20% of the UK’s GDP and forms a super economy of £300 billion, bigger than Taiwan, Sweden or Denmark and home to over 15 million. This urban collective has one of the largest workforces going. It is known as the UK’s second city and is the fastest growing regional capital. Manchester has levels of job creation predicted to outpace cities such as Berlin, Tokyo and Paris between 2015 and 2020. The working population is 680,000 and the average age is 29. It is one of the best cities to live in and is a world-class proposition for business and investment. The University of Manchester, Manchester Metropolitan University, The University of Salford and the University of Bolton are four leading institutions in Manchester in the Top 100 globally, with more than 105,000 students collectively. There are also another 18 universities and institutions within an hour’s drive of the city. Around 25% of labour pool in Manchester is educated to degree level, with streams of training and vocational courses on offer. Graduate retention is a sturdy 51% second only to London.

FINANCIALS

On a £156,000 investment, Middlewood Plaza offers an estimated £650 PCM that will be guaranteed by the developer for the first year. This equates to an estimated £7,800 p/a.

For further details call (0)20 8445 6542 or email info@tarquinjones.com.

 

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Contact Us

Headquarters

Balfour House, 741 High Road,
North Finchley, London, N12 0BP

Call Us

+44 (0)20 8445 6542

Email Us

 info@tarquinjones.com

AdminMiddlewood Plaza – Manchester