- Large-scale regeneration opportunity – One of the last of its kind
- Circa 6% NET Rental Returns (versus UK average of 5% gross)
- Studios, 1, 2 & 3 Bedroom Apartments
- Stunning Views over the Manchester Ship Canal
- Built and Managed by an Experienced, Award-Winning Developer
- Private Residents’ Gymnasium, Cinema Room and Bicycle Storage
- Manchester City Centre – Just 10 mins away
- An Extremely Strong Rental Market
We are proud to introduce this brand new residential development located close to the UK’s second city of Manchester. It overlooks the tranquil waterfront whilst being near Manchester’s vibrant city centre, offering tenants the best of both worlds.
The development is comprised of five phases and a total of more than 500 apartments, ranging from studios to three beds. All properties will be furnished to the highest standard, and most will benefit from the spectacular view of the waterfront.
Manchester Waters is the perfect place for residents to relax and unwind, and socialize.
Manchester is the jewel in the crown of the highly touted Northern Powerhouse, reflecting the boost in infrastructure investment. It has been voted the UK’s most liveable city by the Economist, and was praised for its infrastructure, stability and culture. Manchester is the UK’s 2nd city, the third most popular city for visitors, after London and Edinburgh, and with Manchester’s regenerated city centre growing, a higher number of young people opt for Manchester over London. The city also continues to register the fastest growth rate in the UK of 8.4%, up from 6.3% the same time last year according to Hometrack.
Manchester’s local buy-to-let market is leading the way in UK property investment, offering landlords average rental returns of 6%. It remains one of the top 10 cities in the UK for rental growth, thanks to strong demand from buyers/investors. The city’s population is approx. 520,000, and expected to rise to 600,000 by 2030. Given the population growth in Manchester, the strain on the city’s housing market will become even more acute, with house prices set to rise by 26.4% by 2021.
The location of this development is unparalleled, with two Metrolink stops located within a 5 minute walk, residents can reach Manchester’s city centre with ease. Additionally, residents are just a short journey away from major tourist destinations such as MediaCityUK and Intu Trafford Centre, for which the second phase of MediaCity UK was agreed last year which will bring £1bn cash injection into the area, doubling the services available to residents and making the area increasingly attractive.
Greater Manchester is one of the top property hotspots in the UK and, within the region, Salford is leading the way. This has been particularly apparent at Salford’s waterfront which has been injected with £560m worth of investment, regenerating the site from underused docklands into a business hub with world-class facilities and a rich cultural offering.
The second phase of MediaCityUK was agreed last year which will bring a £1bn cash injection into the area, doubling the services available to residents and making the area increasingly attractive.
This development overall provides investors with a lucrative investment opportunity, in a prime location within the second capital of the UK.