The Billionaire Network is pleased to offer this exceptional off-market residential investment opportunity in central Manchester.
Discover a remarkable off-market residential development in the heart of Manchester’s Castlefield district, scheduled for completion in summer 2022. This investment opportunity offers a collection of 18 boutique, fully furnished and self-contained apartments, developed by an award-winning developer with over two decades of experience. The property boasts an assured NET yield of 5.25% for 2 years, with offers starting at £4,700,000.
Notably, the yield could be potentially increased by adopting a short-let strategy, transforming the apartments into serviced accommodations to cater to the diverse and growing market demands in the area.
Key Highlights:
1) Prime Location: This exclusive development is ideally situated in Castlefield, just a 5-minute walk from Spinningfields, Manchester’s main business district, and a 2-minute walk from the Deansgate-Castlefield Metrolink tram stop. The development is surrounded by prestigious restaurants, cultural destinations, and high-end retailers, offering residents easy access to work, study, and leisure activities.
2) High-Quality Living: The restored period conversion features space-efficient interiors, high-quality furnishings, and high-end appliances, ensuring residents enjoy luxury city living in the popular Deansgate area.
3) Strong Market Demand: The development’s proximity to Manchester city centre, universities, and Spinningfields, coupled with the undersupply of high-quality properties in the area, signifies a high potential demand for the apartments. Based on the number of people working in Spinningfields and studying at nearby universities, even if only 1% were looking for a rental property in the area, the development could be filled 52 times over.
4) Experienced Developer and Management: With over 20 years of experience in the UK property market, the award-winning developer ensures a high-yielding, sustainable, and durable investment asset. Furthermore, the property will be fully managed by Manchester’s leading lettings and property management company.
Invest in this off-market opportunity today for a fully-managed portfolio investment, promising luxury city living in a high-demand area and potential for increased yield through strategic short-let accommodations.
For more information please contact us ASAP
