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2 bed flat
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Our Summary
- Off plan investment opportunity For Investment Purposes Only - 25% Deposit RequiredThe development holds 177 one, two and three bedroom apartments which will be spread across 25 storeys and finished to the highest standard
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Description
This off-plan investment opportunity offers a 7% yield and requires a 25% deposit. The development features 177 one, two, and three-bedroom apartments across 25 storeys, with luxurious finishes, large windows, and natural tones. Residents will have access to unlimited amenities, including a work-from-home station, gym, and communal garden.
The property is located in the regeneration area of Piccadilly, Manchester, with expected rent increases of 16.5% between 2020-2024. The apartment comes with a 250-year leasehold and a 0.1% ground rent, which will be reviewed in the future. The estimated service charge is £3.4 sqft, and the property is in Council Tax band A.
With a Q2 2024 completion date, this investment offers a promising return on investment.