Key information

Tenure: Leasehold | 900 yrs left

Council tax: Band C

Features and description

Introducing a Stunning 25-Storey Tower – A Landmark Luxury Development in Manchester

This exceptional 25-storey tower is set to become the most luxurious development in the Manchester skyline, offering beautifully designed one- and two-bedroom apartments, each finished to the highest standards.

Full Description:

This is a prime off-plan investment opportunity in one of Manchester’s most sought-after developments. With a 25% deposit required, this residential tower will offer luxurious living with a selection of one- and two-bedroom apartments, as well as penthouses, designed for the ultimate in comfort and style.

Residents will enjoy exclusive access to a range of high-end amenities, including a swimming pool, fully equipped gym, bar, private cinema room, and a karaoke room. Additionally, the development is situated in a vibrant area with an abundance of restaurants and shops on the doorstep.

Investment Overview:

Estimated 6% rental return

Completion expected by Q2 2024

Up to 20% below market value

Ground rent of just 0.1% (subject to future review)

250-year leasehold

Council tax band C

Pricing:

1-bedroom apartments from £240,000

2-bedroom apartments from £350,000

1-bedroom penthouses from £300,000

2-bedroom penthouses from £400,000

Location Overview:

Ranked as the UK’s #1 investment location

Average monthly rent has increased by 8.3% in the last two years

High tenant demand in the area

New office developments are bringing 15,500 new jobs

With only 0.1% ground rent (to be reviewed in the future) and a 250-year leasehold, this development offers an excellent investment opportunity. The estimated service charge is £3.5 per sqft, and the property falls within Council Tax band C.

Information provided is subject to change.

Property information from this agent

Windmill Street

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About this agent

Elite Realty Invest - Manchester

Bloc 17, Marble Street Manchester M2 3AW

0151 382 1682

Full profile Property listings

Manchester property market is enjoying steady growth, thanks the swift increase of the cities population and backlog from several years of a lack of housing supply. With JLL,one of the UK's largest property investment experts, projecting rental increases of 4.2% across Manchester over the coming 5 years and the city becoming home to one of the highest proportions of private renters in the UK (at 26.68%). Manchester offers solid credentials as one of the most promising buy to let locations in the UK.