The Blade is a fantastic new buy to let development in Manchester The Blade will stand at 52 stories tall, and will be made up of 414 premium one, two, three-bedroom and penthouse residential luxury apartments. As a result of the immense height, each apartment will offer a breath taking view over the Manchester skyline.
Prime location The Blade sits inside the Great Jackson Street framework. The Great Jackson street framework is one of the City's most highly anticipated new neighbourhoods, additionally, the Framework is located at a key point of entry into the City Centre. Furthermore, this neighbourhood has an essential role in supporting Manchester's growth and quality of life, consequently, the neighbourhood is thought to be one of Manchester's most sought after areas. It is made up by 25 mesmerising new towers, all of which will become prominent landmarks on Manchester's skyline. With a blend of residential, retail and leisure developments, this area will without a doubt become one of the most attractive neighbourhoods for residents in Manchester as a result.
Consumables The Blade has a low ground rent, just 0.1% of the purchase price - capped at £500.
We expect the apartments to generate impressive yields of 6%.
Given the level of amenity, there is a reasonable service charge of £2.75 per sqft.
We estimate 12% capital growth over the build period.
Premium amenities The Blade will offer 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 which forms a key part of the master planned new neighbourhood. In addition, a podium level retail space will be available.
Previous evidence shows that a wide variety of on-site amenities drives tenant demand. As well as significantly extending the length of tenancies and helping to generate premium rents.
property market House prices in Manchester will continue to increase, potentially by 22.8% in 2022. The average rental yields in Manchester are currently reaching as high as almost 8% in the M14 and M11 postcodes. This means now is the perfect time for buy to let investors to invest in Manchester.
The high volume of developments will result in a benefit for investors looking for their next property investment in Manchester
Manchester boasts over 8,800 residential units, in addition to over 2 million square feet office space and 400,000 square feet of retail. Therefore, hotel and leisure space are in the pipeline as a result. This mean that 2020 is looking like a truly ground breaking year for Manchester's property market. The residential market leads the way in driving this surge of development work. Population in Manchester is rising quickly, consequently, there is a higher demand for living space.
Business re-locating to manchester The salaries and operating costs in Manchester average to be 30-40% less than London. Therefore, businesses in the city are taking advantage of high quality office space alongside low attrition rates. This means that organisations with back office functions benefit from world class quality at a lower cost. These factors ensure that Manchester is named by kpmg as Europe's most competitive business location each year.
Manchester boasts one of the largest numbers of business service organisations in Europe. Meanwhile, Manchester has the largest professional services sector outside of London. These organisations employ over 250,000 people across various specialisms. This highly skilled workforce of accountancy, insurance, tax, hr and legal experts enables companies in Manchester to access the people they need.
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|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||0.3%||£180,000||3||1|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||-||£164,950 (1)||£285,000 (5)||£249,950 (1)||-|
|Flats||£208,300 (110)||£280,623 (180)||£396,168 (17)||£205,000 (1)||-|
|All||£208,300 (110)||£279,984 (181)||£370,902 (22)||£227,475 (2)||-|