We are delighted to introduce our latest development located in the heart of Manchester City Centre. The stunning 40 storey tower will hold one and two-bedroom apartments, finished to the highest quality.
Full Description - Introducing Our Latest Development in Manchester City Centre!
We are excited to present our newest development located in the vibrant heart of Manchester City Centre. This stunning 40-storey tower will feature one and two-bedroom apartments, all finished to the highest quality standards.
Investment Opportunity
This development requires a 25% deposit and is available for investment purposes only. Residents will enjoy a luxury living experience with access to exclusive amenities, including a swimming pool, gym, bar, private cinema, and karaoke room. Additionally, a wide array of restaurants and shops will be right at their doorstep.
Investment Overview:
-Estimated 6% rental return -Prices up to 20% below market value -Ground rent: 0.1% -250-year leasehold (contact us for more details) -Council tax band: C
Pricing:
-One-bedroom apartments from £230,000 -Two-bedroom apartments from £350,000 -One-bedroom penthouses from £300,000 -Two-bedroom penthouses from £400,000
Location Overview:
-Ranked as the number one investment location in the UK -Average monthly rent has risen by 8.3% over the last two years -High demand from tenants -New office developments expected to create 15,500 new jobs -This apartment represents an ideal investment opportunity, with a minimal ground rent of just 0.1%, which will be reviewed in the future (please contact our team for more information). The estimated service charge is £3.50 per square foot (with future review dates to be communicated), and the property is expected to fall within Council Tax band C.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Elite Realty Invest - Manchester. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Elite Realty Invest - Manchester for full details and further information.