A historical residential development in the heart of Greater Manchester offering a guaranteed 7% NET return for 1 year.
Units available from £120,000
7% NET return guaranteed for 1 year
82 1-bedroom, 2-bedroom and 3-bedroom apartments
5 minutes' walk away from Eccles Rail Station- Close links to Deansgate, Manchester Piccadilly & national travel
Facilities include secure parking, CCTV and Cycle Storage
City Centre Location
Leasehold: 999 years
Completion: Q4 2020
Fully managed investment
The Lyceum mixes contemporary living with historical exterior aesthetic to create a luxurious living space in Eccles, only a short journey to central Manchester. This prime investment offers 7% NET return guaranteed for 1 year.
In the heart of the Greater Manchester area, The Lyceum offers an impressive array of one-bedroom, two-bedroom and three-bedroom apartments featuring balconies. A short journey to Deansgate, the creative district of Manchester, the striking apartments, offering 7% NET return guaranteed for 1 year is available from £120,000.
The contemporary fitted apartments featuring floor to ceiling windows, electric wall heating and LED lighting will draw in Manchester's rising population for its luxury design and large access to natural light. Proving to be an intelligent investment opportunity, the facilities include cycle storage, CCTV, and secure parking.
Offering tenants, a healthy work-life balance, The Lyceum is an opportunity to invest in the lifestyle of the future. As more and more young professionals craving a mental health friendly daily life, a property in a quaint commuting location will make Eccles the most sought-after area in Greater Manchester.
Reservation fee: £2000
Exchange of Contracts: 35% (within 28 days)
Instalment: 15% (six months from exchange, plus furniture pack monies)
The Lyceum offers 7% NET return for 1 year.
See table below for some examples of the amount of returns you could earn:
Why invest in Eccles?
State of the art transport links
Greater Manchester will enjoy the benefits of the £13 billion spent on transport by 2020. The impending arrival of HS2 High Speed Rail will transport the public transportation system in the UK. Connecting all over the country, including a mere one-hour train journey to London, makes Eccles a fantastic option for commuting. Additionally, Manchester's 8 international airports improve the cities position as a global city.
With a population of over 15.2 million, Manchester is the fastest growing city in the UK. Over 1 million businesses are located in the Manchester area, drawing in 4.5 million employees. The rising number of young professionals interested in renting in close proximity to central Manchester makes Eccles a prime location for property investment.
Pristine Educational Facilities
The Greater Manchester area boasts four of the worlds top one hundred universities. Over 127,000 employees work in Manchester's higher educational institutions. With a 2% increase in people undertaking academic employment, as long as Manchester remains a student city, there is a demand for luxury homes commutable to the city centre. Manchester has over 99,000 students and possesses a 51% graduate retention rate. This establishes Manchester's constant need for accommodation.
Work Life Balance
While only a short journey to Manchester Piccadilly, The Lyceum offers a calm atmosphere away from the hustle and bustle of the city centre. Eccles has a quaint population of 37, 861.Tenants will be drawn to the property for its commuting capabilities, enabling them to switch off from their responsibilities.
The Northern Powerhouse is a government initiative to boost economic growth in the North of England in core cities including Manchester and Newcastle. It aims to reposition the British economy away from London and the South East and involves improvement to transport links, investment in science and innovation, and devolution of powers in City Deals. In the heart of the Northern Powerhouse project, Eccles stand to greatly benefit from the assortment of regeneration.
In 2018, Manchester held an average of 5.4% rental yields with a 5.76% average rental increase. This is Money has forecasted that by 2023 Manchester will have a 30% capital growth.