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Studio for sale
Hewitt Street
£130,000
Hewitt Street
£130,000
Our Summary
- Off plan investment opportunity For Investment Purposes Only - 25% Deposit Required This development is set to update the growing Manchester skyline
Description
This brand new development in Manchester offers a unique investment opportunity with a focus on meeting residents' needs. The 35-storey building features stunning executive studio and one-bedroom apartments, situated within walking distance of Deansgate and Manchester's main high street. With a strong economy and high tenant demand, the development is expected to generate a 6% average yield and 41% capital growth over the next decade. The apartments are priced between £120,000 and £180,000, with a 25% deposit required. The development is located in the UK's number one investment location, with prices having increased by 12% in the last year alone and rents expected to see a 16.5% increase between 2020-2024. With over 20 years of combined experience in the UK property market, the developers are confident in the potential of this exciting new project.