The Residence – Buy to Let Investment Opportunity

Manchester

Exterior Building View
Exterior Building View
Exterior Building View
1 Bed Apartment
1 Bed Apartment
1 Bed Apartment
2 Bed Apartment
2 Bed Apartment
2 Bed Apartment
3 Bed Apartment
3 Bed Apartment
3 Bed Apartment

Investment Snapshot

Overlooking the River Irwell, the landmark £70 million project will see 300 apartments built across two towers; one comprising 33 storeys and another of 14.

Boasting river and city views, the development will feature 300 luxury riverside apartments ranging from 1, 2 and 3 bedrooms. 

Investors will secure a long lease on a high specification new-build apartment which will provide an assured income of 7% NET per annum for 3 years. The investment will also accrue interest on deposited funds throughout construction.

The impressive build will be spread over 33 floors and will be finished to a high standard. The building  will be further enhanced with on-site facilities such as a concierge, a golf simulator, restaurant and a modern gym.

Property Description

The Residence Manchester will appeal to the rising young professional population moving to an area recently galvanised by huge investment. The apartments are ideally situated to maximise on the increasing appeal of riverside living in the city.

A recent valuation supplied by an independent surveyor has indicated a 12% discount on the price of the apartments at The Residence Manchester. This is a projection based on the anticipated future value of the apartments upon completion.

The opportunity is designed for UK and overseas investors to allow for strong returns, whilst maintaining full control over capital. Investors are able to sell the property at any time after Exchange of Contracts to a buoyant property market.

Fully managed and hassle free, investors will receive a 7% NET return per annum which will be assured for the first 3 years of the investment.

1 bed apartments from £154,818: 5 year investment scenario Purchase price (excluding additional furniture pack)

  • 7% annual NET income assured £10,837
  • Projected NET rental income over 5 years £54,186
  • Projected capital appreciation in year 5** £50,995
  • ROI % over 5 years 67.94%
  • Annualised NET ROI 13.59%
  • Projected capital growth over 5 year period
  • Year 1 £175,929
  • Year 2 £182,966
  • Year 3 £190,285
  • Year 4 £197,896
  • Year 5 £205,812

2 bed apartments from £192,149: 5 year investment scenario Purchase price (excluding additional furniture pack)

  • 7% annual NET income assured £13,450
  • Projected NET rental income over 5 years £67,252
  • Projected capital appreciation in year 5** £63,291
  • ROI % over 5 years 67.94%
  • Annualised NET ROI 13.59%
  • Projected capital growth over 5 year period
  • Year 1 £218,351
  • Year 2 £227,085
  • Year 3 £236,168
  • Year 4 £245,615
  • Year 5 £255,440
1 Bed Apartment Layout/Floorplan
2 Bed Apartment Layout/Floorplan
3 Bed Apartment Layout/Floorplan

1 Bed Apartment Scheme, FF&E package

Dining / Lounge – Supplied FF&E

  • Fitted kitchen with integrated electric oven and hob, fridge/freezer. Stainless steel sink and drainer
  • Dining table and two chairs
  • Upholstered three seater sofa
  • Coffee table
  • Sideboard
  • Bookcase
  • Fitted rug

Bedroom / Bathroom Supplied FF&E

  • Double bed and mattress
  • Two bedside tables
  • Desk with desk chair
  • Freestanding wardrobe
  • Fully fitted bathroom suite

2 Bed Apartment Scheme, FF&E package

Dining / Lounge – Supplied FF&E

  • Fitted kitchen with integrated electric oven and hob, fridge/freezer. Stainless steel sink and drainer
  • Dining table and two chairs
  • Upholstered three seater sofa and Upholstered two seater sofa
  • Coffee table
  • Sideboard
  • Bookcase
  • Fitted rug

Bedroom – 2No / Bathroom Supplied FF&E

  • Double bed and mattress (2No)
  • Two bedside tables (2No sets)
  • Desk with desk chair (2No)
  • Freestanding wardrobe (2No)
  • Fully fi tted bathroom suite
  • Fully fi tted en-suite

3 Bed Penthouse Apartment Scheme, FF&E package

Dining / Lounge – Supplied FF&E

  • Fitted kitchen with integrated electric oven and hob, fridge/freezer. Stainless steel sink and drainer
  • Extra Large dining table and six chairs
  • Upholstered three seater sofa and Upholstered two seater sofa
  • Three high stools
  • Coffee table
  • Sideboard
  • Bookcase
  • Fitted rug

Bedroom – 3No / Bathroom Supplied FF&E

  • Double bed and mattress (2No)
  • Single bed and mattress (1No)
  • Two bedside tables (3No sets)
  • Desk with desk chair (3No)
  • Freestanding wardrobe (3No)
  • Fully fi tted bathroom suite
  • Fully fi tted en-suite
Reception/Lounge
Lounge
Gym

Location

The Residence Manchester is located on the edge of the city’s  centre and occupies a prominent position within the stunning new £400 million Greengate Masterplan Project. Upon completion, the development will be one of the tallest residential buildings in the city, making it a highly desirable choice for tenants.

The regeneration of Greengate is expected to unlock £400 million of investment over the next 15 years. The area will be characterised by its outstanding architecture, high quality public spaces, urban art and a distinctive waterside frontage.

Prime Central Location

  • Walking distance to Manchester city centre
  • Close to key transport hubs with Manchester Victoria Station and Deansgate just five minutes away
  • Walking distance from Spinningfields – Manchester’s prime business and leisure district
  • Outstanding Growth Potential
  • Well positioned to capitalise on the continued regeneration and expansion of Manchester’s city centre
The Residence – Buy to Let Investment Opportunity