1 Bed Apartment For Sale

Exciting New Development Launching in the Heart of Manchester's Major Regeneration Project!



Full Description:



We are thrilled to announce the launch of a brand-new development situated at the centre of Manchester's largest regeneration project. This off-plan investment opportunity requires a 25% deposit and features 177 one, two, and three-bedroom apartments spread across 25 storeys, all finished to the highest standards.



Residents will enjoy a wealth of amenities just outside their door, including a comfortable work-from-home station, a gymnasium, and a communal garden. With the increased focus on home living, each apartment has been thoughtfully designed to meet tenants' core needs, featuring large windows and earthy tones that create a natural ambiance.



Investment Overview:



Projected Yield: 7%

Completion Date: Q2 2024

Ground Rent: 0.1%

Leasehold: 250 years

Council Tax Band: C



Prices Starting From:



1-Bedroom Apartments: £191,000

2-Bedroom Apartments: £290,000

3-Bedroom Apartments: £365,000



Location Overview:



The ongoing regeneration in Piccadilly is expected to significantly enhance property values, with rents in Manchester projected to increase by 16.5% between 2020 and 2024. There is a substantial demand from potential tenants in Ancoats.



In the coming years, Piccadilly and its surrounding areas will see massive regeneration, driven primarily by the new HS2 station being constructed adjacent to the existing Piccadilly station. This will be complemented by additional residential developments and the creation of green spaces, further enhancing the area's appeal.



This apartment represents an excellent investment opportunity, featuring a low ground rent of only 0.1% (subject to future review). The estimated service charge is £3.40 per square foot, and investors will be informed of any review dates in the future.



Contact us today to discuss this exciting new development with one of our consultants. Please note: Information provided is subject to change.