Spanning nine floors, each of the one and two bedrooms apartments are designed to a high specification, complete with an open plan living room and kitchen, with many also benefitting from balcony areas and parking.
Located just a two minute walk from both Victoria train station and the Shudehill Interchange MetroLink the apartments have access to excellent transport links, making it the ideal location for those searching for a property in the heart of the city or busy commuters.
Gross rental yields on these homes reach up to 7%, with many of the two bedroom apartments generating a monthly rental income of £1,300, a fantastic opportunity for buy-to-let landlords looking to the north for their next property investment.
Stuart Law, CEO of Assetz Property, comments: “We are incredibly excited to be launching this development to investors. Not only is it located in the perfect area for renters looking to be part of an incredibly interesting and culture-led city, but it is a fantastic investment for landlords who are currently not getting enough bang for their buck on properties in London.
With the Bank of England cutting interest rates to 0.25 per cent, now is the time for investors to concentrate on investing for high yields and what better place to start than North Central, where gross rental yields reach 7%?
Investors would be buying off-plan but that should not deter them. At Assetz we carry out thorough due diligence, ensuring the developer is not only the owner of the land, but they also have finance in place to build the development and suitable experience.”
Stuart: “We know that new investors fret about their first buy-to-let investment, and that southern investors are beginning to look further afield to cities like Manchester now the London market is no longer a sure bet on growth. But they also worry about how to look after a property 200 miles away. Assetz Assured does all the leg-work for them, from finding a tenant to handling queries, and, best of all, paying the rent if the property isn’t occupied in the first six months. This means that they need not worry about finding tenants or even travelling to the property in the first place.”
The NOMA regeneration project in Manchester city centre span 20 acres and when complete will feature four million square feet of offices, homes, shops and leisure amenities. Expected to be complete in 10 to 15 years, the first phase of the project will be the £100 million Co-operative headquarters.
Prices for a one bedroom apartment start from £150,640, with a two bedroom apartment with a balcony and parking reaching £286,263.
