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2 bedroom apartment for sale
Ducie Street, Manchester M1
£305,000
Ducie Street, Manchester M1
£305,000
Our Summary
- Off plan investment opportunity For Investment Purposes Only - 25% Deposit Required The development holds 177 one, two and three bedroom apartments which will be spread across 25 storeys and finished to the highest standard
Description
A brand new development is coming to Manchester's Piccadilly area, offering a unique investment opportunity. The development features 177 one, two, and three-bedroom apartments across 25 storeys, finished to the highest standard. Residents will have access to a range of amenities, including a work-from-home station, gym, and communal garden. The apartments are designed with tenants' core needs in mind, with large windows and earthy tones to create a natural feel. The investment offers a 7% yield, with only a 25% deposit required. Completion is expected in Q2 2024, and the property will come with a 250-year leasehold and a 0.1% ground rent. The area is set to undergo significant regeneration, driven by the arrival of the HS2 station and new residential developments, which is expected to increase the value of the property. With a predicted 16.5% increase in rent in Manchester between 2020-2024, this development is an attractive investment opportunity for those looking to capitalize on the area's growth.