Unrivalled net yield of between 7.5% & 8%, assured for 3 years by one of the city's leading letting agencies, with rents personally guaranteed by the developer, offering ultimate security to investors. Located in one of the city's most up and coming areas, expected to see significant price growth as prices in surrounding area have risen significantly. This property is being redeveloped om to 346 high quality residential units, with market-leading communal facilities for tenants including a gym, a roof garden, a landscaped Japanese garden area, parking, communal lounge and a coffee bar. Modern low-carbon technology means that the building will be one of the city's most energy efficient, with a benefit to investors of an enhanced rental yield and future-proof investment. The developer has huge experience in the conversion of low-carbon properties. They own and operate a portfolio of 500 bedrooms within Manchester.
Located Old Trafford, WestPoint is a 3 mins walking distance from Trafford Bar metrolink stop which is two stops away from Deansgate-Castlefield metro and train station. The location is highly accessible for professionals working in Manchester city centre but cannot afford to pay prime city centre rents. - 8 mins tram to City Centre - 12 mins tram to Media City - 3 mins walk to Restaurants - 5 mins drive to shopping mall.
*No extract cost for furniture, all included. *Completion date: Q1 2018 *All units are 250 years long - leaseholds *Facilities: Gym, communal laundry on every floor *Selected units come with free car parking space.
The development will be delivered as a “best in class” modern development, designed to meet the demands of today's young professional tenants.
Payment plan: 1. £2500 Reservation 2. Solicitor prepares purchasing exchange contract and legal documents. 3. Reserve the unit for 28 days - 50% Exchange (minus £2500) 4. Balance payment of 50% on Completion (Scheduled Q1 2018) *Additional: 5% interest goes to investors, it paid on deposit over payments on exchange.
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