About the residential complex:
- The project consists of 5 towers on the first line from the Irwell River, 2 of which are already ready and rented out, investors receive income.
- The location is 10 minutes by car to both business clusters in Manchester
- Facilities for residents include a lobby with concierge, gym, cinema, underground parking (optional)
Commercial conditions:
- Rental yield of 30% net for 5 years (management costs and utilities included, income excluding capitalization) - payments of 6% net per annum for 5 years after the delivery of the object (usually a guarantee in the residential sector is given for 1-2 years)
- Installment payment: 25% immediately, 10% after 6 months, 65% upon delivery in the 4th quarter of 2024
- Furniture priced from £2.995 as a gift, a discount of £3.000 on the studio
Why Manchester?
- Rental rates are higher than in London – net yield 4-5% per annum
- Steady growth in real estate prices by 4-7% per year over the past few years. Over the past 12 months, an increase of 8.7% is one of the highest in the UK
- The highest projected growth in the UK over the next 5 years is 18.8% according to Savills analytics
- Is the best city for investment in real estate for rent according to the bank Aldermore
- HS2 high-speed railway project under construction, which will reduce the time to London by 2 times
- The presence of large employer companies – Google, Amazon, Microsoft, Booking, etc., and the active development of the IT sector, which increases the number of potential tenants
- A high percentage of renters – 31% of the population
