This property is no longer on the market
1 bedroom apartment
Key information
Property description & features
- Situated in the great jackson street framework
- Brand new iconic manchester skyscraper
- 52 stories
- Premium specification
- One, two, three bedroom & penthouse apartments
- Ideal investment opportunity
- Luxury on site amenities
- 12% capital growth over the build period
- 6% yields
- Low ground rent
The high specification is raising the benchmark for quality in Manchester, along with the finest communal facilities. Located at the heart of Manchester's new skyscraper district, The Blade is your next opportunity to invest in the most in-demand new neighbourhood in the city.
LOCATION The Blade, sits within the Great Jackson Street framework - one of the city's most highly-anticipated new neighbourhoods which is located at a key point of entry into the city centre.
The Framework will transform Manchester's skyline with up to 25 towers and will see over 6,300 residential units alongside restaurants, cafes and local convenience stores, as well as amenity facilities to support the primary residential use like health care facilities, gymnasiums, and flexible working spaces.
LUXURY ON-SITE AMENITIES The Blade boasts a state-of-the-art gymnasium, with a separate studio and sauna/steam room, a rooftop terrace located on the podium level, a residents lounge, a picturesque community park on the ground floor - forming a key part of the master planned new neighbourhood - and a podium level retail space.
IDEAL INVESTMENT OPPORTUNITY We expect the apartments to generate impressive yields of 6%.
The ground rent is just 0.1% of the asking price - capped at £500.
The service charge is very reasonable given the level of amenity at £2.75 per sqft.
WHY INVEST IN ,MANCHESTER? Since 2018, Manchester has successfully achieved a higher rental and higher price growth than the UK average. Therefore, over the next few years, you should achieve some of the UK's highest short & long-term property investment returns.
Furthermore, the city is experiencing a significant undersupply, with Manchester's population rising at 15 times the rate new homes are currently being built and City centre apartments getting up to 10 enquiries per property – with some tenanted within one hour. Therefore, now is the perfect time for investment in Manchester.
Manchester's property market boasts an impressive history; with property price growth in Manchester exceeding the UK average for five years in a row (2013 - 2018); in the 12 months to June 2018 alone, average property values in Manchester increased by 7.4%; and prices of apartments increased 51% in six years between November 2011 and November 2017.
Additionally, even though the pandemic has impacted the UK's housing market, Manchester has remained a hotspot for property investment. Despite the freezing of the property market during lockdown, Manchester is still expected to record a house price growth of 4.1% during 2020, compared to the UK average of 2.9%.
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Property reference 102866003023. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by North Property Group - Leeds.
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