The Billionaire Network is excited to present an off-market, completed real estate development opportunity situated in the thriving £50m Trafford Civic Quarter redevelopment scheme. The property comprises of 90 fully furnished self-contained studios and 1-bed apartments, which were recently converted and redeveloped, completed in September 2020. With 100% occupancy for the previous two academic years, the apartments are fully managed by Manchester’s leading lettings & property management company.
Located in a prime spot, the apartments offer high-quality accommodation for young professionals and students, making it one of Greater Manchester’s most under-supplied markets. The property is an official accommodation partner for the nearby University Academy 92 (UA92), ensuring a healthy pipeline of new residents.
Developed by Manchester’s leading residential developer, the property offers an asset that is high yielding with huge potential for capital growth. The building is engineered with sustainability and operational durability built in, with environmentally friendly features such as air source heat pumps and underfloor heating. The apartments come with luxury fixtures and fittings, including Amtico flooring with a 35-year guarantee.
In addition to the apartments, the building has a 1,394 sq ft commercial space on the ground floor, which is tenanted by a convenience store, providing food and beverages to the tenants and local community.
The location of the development is in a prime spot on the corner of Talbot Road and Warwick Road, one of Trafford’s main intersections and busiest pedestrian routes. Trafford is currently undergoing a multi-million-pound regeneration project, including homes, commercial and green space. Don’t miss out on this exciting investment opportunity with a sales price of £13m and a NET rental income of c. £732,380 representing a NET yield of 5.74%.