1 bedroom apartment for sale

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1 bedroom apartment for sale

Manchester M1
£230,889

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

Description

This off-plan investment opportunity in Manchester's Piccadilly area offers a 7% yield and requires only a 25% deposit. The development, set to complete in Q2 2024, features 177 one, two, and three-bedroom apartments across 25 storeys, each designed with luxurious large windows and earthy tones to create a natural feel. Residents will have access to unlimited amenities, including a work-from-home station, gym, and communal garden. The property offers a 250-year leasehold with a 0.1% ground rent, which will be reviewed in the future. With a predicted 16.5% increase in rent in Manchester between 2020-2024, this investment is expected to see significant growth. The area is set to undergo major regeneration, driven by the arrival of the new HS2 station and residential developments, making this apartment a prime investment opportunity.
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