Introducing a unique real estate development investment opportunity in Manchester's sought-after area. Completed in 2021 and located at the gateway to Media City and Salford Quays. The Development is a gated community comprising 25 fully furnished and self-contained apartments. Developed by an award-winning developer with over two decades of experience, this residential investment opportunity is fully managed by Manchester's leading lettings and property management company.
With a net yield of 6% and a sale price of £4 million, The Development is an attractive option for investors seeking high yielding assets with huge potential for capital growth. Designed for sustainability and operational durability, this building offers something different to the uniform glass and concrete towers that have become repetitive on the Manchester skyline.
The Development is in a prime location, situated at the intersection of the main road between Media City and Manchester City Centre. It is only 500m from the Metrolink stop, providing easy access to the wider Greater Manchester area. The Development's location at the gateway to Media City and Salford Quays is only a 10-minute walk to the UK's largest media and tech hub. Media City and Salford Quays is home to over 250 businesses, including Kellogg's, Creative England, and BUPA, employing over 13,000 people in the area.
Due to its location near Media City, Salford Quays area, Salford Royal Hospital, and the University of Salford, as well as the huge undersupply of high-quality properties in the area, demand for properties within The Development was incredibly high. With over 2,000 enquiries received from prospective tenants prior to the building opening, this meant that The Development opened in September 2021 with market-leading levels of tenancy and is now 100% occupied.
Invest in this Development and become part of a community that offers a unique living experience in a prime location, with excellent connectivity and easy access to some of Manchester's top business and cultural destinations.