- Final Phase of 4-Tower Development – JUST Released
- Circa 6% NET Yield
- Luxury Studio, 1 and 2 Bedroom Apartments
- Hands-free Investment
- Prices from £164.9K
- Excellent Transport Connections
- Award-Winning Developer
- Prime ‘Media City UK’ Location
This is the fourth and final phase of the unprecedented X1 Media City development. The tower will be home to 24 stunning studio apartments, 100 one bed’s and 150 two bedroom apartments. Each of these apartments will be furnished to the highest possible standard, providing residents with an outstanding, modern living experience in the heart of Salford Quays. Local amenities include the Lowry Theatre, a shopping mall outlet as well as a number of accessible transport links to Manchester City Centre via the Metrolink Tram Service.
X1 Media City is one of the most impressive residential developments in the North West and considering the response the previous three towers received from the public as well as local, national and international investors, it will surely dominate the heart of Salford Quays. With rental demands soaring higher and higher, the demand for luxury residential accommodation is more in demand than ever before.
There will be a number luxurious, studio, 1, 2 and 3 bedroom apartments on offer, each finished to an impeccably high-standard and answering to the surge in demand for luxury residential accommodation in Manchester.
THE CANARY WHARF OF THE NORTH
Cosied right in the centre of Media City UK, residents will be treated to spectacular views of Manchester as well as surrounding iconic buildings such as the BBC and ITV studios, both new residents to the impressive media hub.
The four iconic towers housing these pristine apartments will surely accommodate the influx of young professionals hoping to live and work in this incredibly stylish district. After work and on weekends, residents are spoilt for choice with the option to explore the Salford Quay area as well as the many forms of entertainment on hand.
Back inside the development, residents will not only have use of a private gym and cinema but will also have the opportunity to ‘shop at their doorstep’ with a prestigious retail space situated below their residence.
Whether settling down to eat or drink at one of the tasteful bars or restaurants nearby, or even booking tickets for the latest show viewing over at the popular ‘Lowry Theatre’ (situated within close proximity of the developments) there is something to cater for all. The tram is set to run right outside the development with other fast transport links nearby, connecting service users the city centre and airport easily.
WHY INVEST IN MANCHESTER
Listed in the ‘Top 4 Buy-to-Let Hotspot’s’ in the UK by HSBC’s 2003 report, Manchester is benefitting from major regeneration teamed with the fact that major media giants have decided to pack up and move from the capital of London to here. This in itself proves Manchester as an extremely strong contender overall. Indeed, 70 of the 100 FTSE Companies have a base in Manchester. It is expected that this figure will rise over the next year.
Manchester is the most visited city in the UK after London and Edinburgh, partially to do with the fact that it is home to two of the most respected universities in the world; ‘Manchester City’ and of course, ‘The University of Manchester’.
The population in England is rising at an extremely fast rate; however, not enough homes are being built to accommodate these rising numbers. The shortage in housing is particularly evident in Manchester where there are well over 2.6 million people living in this city, many of them being young professionals willing and able to pay healthily for good quality accommodation (in particular one and two bed apartments) but not being able to.
Boasting a 5% yield growth in 2014 according to the HSBC, average rental prices were up to £693.00 pcm. Adding to this, a large number of jobs are being generated due to the recent developments and property prices which in turn, increase’s desirability in any area.