Gloucester Street Studio for sale

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Gloucester Street Studio for sale

Gloucester Street
£118,950

Our Summary

  • Off plan investment opportunity For Investment Purposes Only Built up of 353 luxury studio apartments right in the heart of the vibrant city

Description

We are thrilled to announce the launch of a brand new development in Manchester, offering an off-plan investment opportunity for investors. The development comprises 353 luxury studio apartments, situated in the heart of the vibrant city, with easy access to a range of amenities, including a gym, communal area, rooftop garden, and excellent transport links. The location is ideal for young professionals, just a 10-minute walk from the city's attractions. The investment highlights include a 7% net guaranteed return for five years, zero ground rent, and a Q4 2024 completion date. The development is situated in the UK's number one investment location, with high tenant demand, and prices have increased by 12% in the last year alone. Rents in Manchester are expected to see a 16.5% increase between 2020-2024, making this an attractive investment opportunity.