16th Aug 2022
17th Aug 2022
- Listing status: sale
- Country: England
Ancoats Gardens is an incredible opportunity for any investor looking to start or develop a property portfolio. It’s located in one of the most desirable neighbourhoods in the Manchester city centre and boasts an impressively high tenant demand.
It is now being pre-let ahead of 2022; allowing investors to purchase a fully tenanted property that will offer returns from day one. Offering full aftersales support and lettings and management included, this is an incredible opportunity for any investor.
With a projected net yield of 7% and 3% capital appreciation, this development has a huge amount to offer.
The development is designed specifically to include 5* hotel-like facilities that are designed around the modern rental market to appeal to the large number of professionals working in Manchester, including:
Exclusive residents' facilities
* Two exclusive rooftop gardens
* A state-of-the-art duplex gym
* Private residents lounge
* Co-working space
* Coffee lounge
High-end luxury features
* Quartz worktops
* Bosch appliances
* Handle-less, soft-close cupboard doors
* Underfloor heating
* Exposed concrete walls and ceilings
~ The Location
The surrounding area is one of the most popular neighbourhoods in Manchester, and has become an unmatched favourite for professionals working in the city.
Suited perfectly for residents searching for a stylish, high-end living space with great transport links across Manchester, Ancoats Gardens is located only ten minutes' away from the Manchester Piccadilly Train Station, making it ideal for commuters and students travelling in and around the city looking for rental accommodation.
~ Global Connectivity
Manchester is the number one choice for investors across the world. The global connectivity that Manchester International Airport provides has contributed £4.5 billion to the local economy and is currently undergoing a £1 billion expansion - which will mean the airport can cater for an additional 30 million passengers each year.
~ World-class Universities
Home to two world-leading universities that attracts thousands of new students every year to Manchester, 60% of these students will then stay in the city after graduating, further contributing to the demand for rental housing. There is also an undersupply of housing in the city; 11,000 new homes are needed in the city each year to keep up with the growing demand, and currently only 7,000 are being built - leaving a shortfall that investors can benefit from.
~ Consistently growing property market
With property prices at an all-time high since records began, and capital appreciation seeing a growth of 16% - a 7-year high - the property market has remained resilient throughout the last 18 months amidst economic uncertainty. With all lockdown restrictions lifted, the economy is set to boom which can only further positively impact the property market. Additionally, over half the population of Manchester is made up by Generation Rent, and with rental prices increasing by 10% over the past 12 months, investors are reaping the rewards.
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