Riverside Central Manchester

Manchester is at the centre of the Northern Powerhouse initiative, putting it at the heart of a programme which will see £7bn investment into infrastructure, education, employment and culture. Economic prosperity and a growing population is a key part of the plan and this can be seen in the GVA forecast which anticipates growth of almost 32 per cent to £72bn by 2024.

The heart of Manchester city centre can be reached by foot in approximately 20 minutes’ and is less than 5 minutes' journey time by car. Cornbrook Metro, a tram stop on Greater Manchester's light rail Metrolink system is only 11 minutes’ walk away.

Investment highlights
  • Prices from £254,030
  • Est. NET yield up to 5.18%
  • Sought after Manchester city location
  • Incredible hotel-style facilities
  • 999 year lease
  • Great capital growth
  • Overwhelming rental demand in the area
  • The developer is now offering an additional discount on this property

ERE Property have units available for investors set across four of the six blocks across this development with 2 bedroom apartments available and has been designed to set a new standard for living in the area. Completion is expected for Phase 1 (Blocks D,E,F) in Q4 2018. Phase 2 is expected to complete in Q1 2019.

This hotel-style development will deliver against the expectations of modern living with facilities including:

  • Concierge service in the lobby
  • Gym with state-of-the-art equipment
  • Spa with steam room
  • Media room
  • Communal roof garden
  • Business centre with high-speed WiFi
  • Secure undercroft car and bicycle parking
  • Some apartments with terraces
  • Development is a collection of 6 blocks ranging in from 4 to 14 stories but still interlinked with clever contemporary open spaces.

This development is built to cater for the needs of residents, with careful thought and consideration put in to the all facilities. From the cold and dry storeroom for supermarket deliveries to the high quaility internal finishes, it is this kind of detail which will attract tenants to this outstanding development.

Regeneration is taken seriously in the Greater Manchester region. MediaCityUK is perhaps the best known example of this and it has become a hugely important destination and digital media hub worth £650million. Spinningfields, an area of Manchester city centre is also receiving over £1bn towards regeneration, further improving one of the most in-demand areas of the country for buy-to-let property investors.

Important note for investors

A transport network supporting the infrastructure of the new Northern Powerhouse programme will underpin the development of the Greater Manchester region. There are already plans for a new Trans Pennine link between Manchester and other key northern cities and also for HS2 – the new line which will improve journey times to London. The development is already well connected to the rest of the country with Deansgate Station around 10 minutes’ away by public transport.

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Things to consider when choosing buy-to-let property

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