United Kingdom , Manchester , Ancoats
£159,950 GBP to £159,950 GBP
Unit Sizes: 22 SQM.
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Great Ancoats Street – Overview of the Project
Great Ancoats Street is one of the latest developments from Manchester’s leading residential developer, Beech Holdings.
The development is located between New Islington, Piccadilly Basin and Ancoats. Due to rapid growth in the area, prices are steadily increasing throughout Manchester city centre, making this development a highly profitable investment in the short and long term.
Combining high-quality contemporary finishes and cutting-edge low-carbon technologies, Beech Holdings’ developments are in huge demand from tenants and investors. The company has won prestigious national awards for their innovative approach to creating desirable apartments that the modern tenant wants to live in.
Just a 10-minute walk away from Piccadilly Station, the area benefits from having excellent transport links, whilst being conveniently nestled away from the hustle and bustle of the city. The area is recognized for its independent coffee shops and restaurants and attracts a similar crowd to the popular Northern Quarter area. It is also close by to Manchester’s uber-cool technology hub and the likes of NOMA, which will offer hundreds of new jobs in business, technology and media.
The building is being redeveloped into 43 high-specification studio and one-bedroom apartments, which will be highly suitable for both young professionals and students.
The use of modern, low-carbon technologies means that Great Ancoats Street will be one of the city’s most energy efficient developments, with a benefit to investors of an enhanced rental yield and future-proof investment.
Beech Holdings is offering unrivalled NET yields of 7%, assured for two years by one of the city’s leading landlords, Manchester Apartments.
£2,500 on reservation. 35% on exchange of contract (less reservation fee). 65% on completion
Located on the fringes of Manchester city centre is 341 Great Ancoats Street. Situated between New
Islington, Piccadilly Basin and Ancoats, 341 Great Ancoats Street lies in an area rich in industrial heritage
as it was once home to the textile mills that cemented Manchester’s reputation as a cotton polis.
With a healthy mix of independent eateries, theatres, bars and green spaces, it’s easy to see why this is
one of the most thriving and desirable neighborhoods in Manchester.
Not only is central Manchester a short walk away, the area benefits from having great transport links to
Greater Manchester and beyond. The New Islington tram stop is a 6-minute walk away and will take you
to Media City, North Manchester, South Manchester and central Manchester. Manchester Piccadilly
train station is also only a 10-minute walk with trains taking you to London, or beyond, in just 2 hours.
Conveniently, Manchester Airport is only 18 minutes away by car or a 16-minute train journey from
Manchester Piccadilly train station.
TV points to primary areas. White power points and switches throughout. White enamel down lighters to hallway, kitchen, bathroom and en-suites. Communal satellite system to be provided. Intercom door
entry system. LED strip lighting with five year guarantee in kitchen. Superfast Wi-Fi throughout. CCTV for security.
Ceramic hob with chimney hood and stainless steel back panel, single under oven or multi-microwave oven. Built in fridge-freezer and British manufactured appliances with five year guarantees.
White sanitary ware throughout. Chrome taps and wastes. Concealed wastes and feeds.
Thermostatic shower mixer. Pivot or sliding chrome-edged shower door. 800 x 800 shower tray as a minimum.
Skirting to be molded MDF throughout, with architrave to match (square plank).
Internal doors to be flush pre-finished white or veneered with brushed steel. External superior quality walnut doors with glazed lighting or side panels.
Ottoman (gas lift) leather bed with combination mattress, high-gloss headboard (shelf) and high-gloss fitted wardrobe (some with sliding doors). Bespoke sofas, coffee tables, dining tables, dining chairs, desk
chairs, armchairs and kitchen stools.
The flooring proposed is from British manufacturer Amtico with a 20 year guarantee. This flooring is 10mm thick.
- Air Conditioning
- Internet / wifi
- TV Cable
- Parking Availability: Yes
Development Pricing Guide
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GREAT ANCOATS STREET– INVESTMENT OVERVIEW
Key Points of the Investment
- Guaranteed 7% rental yield, expected to grow 3% every year
- 3% annual capital growth
- Fully managed, from development to lettings and property management
- First Two Years Rental Guarantee of 7%. Developer has 97% Occupancy in 2019
- Cost of Finance well below the projected Yields.
- Redevelopment of existing building – Next to Manchester Canal
- Invest from only 124,950 GBP
Manchester has seen unprecedented growth and the good news is it doesn’t look like cooling down anytime soon. Some of the key factors are
- Huge economic boom in Manchester driven by government and private investment
- Higher business creation than London, housing 80 out of FTSE100 companies
- Population growth 3x higher than UK average
- 85% of city centre residents are renting
- Forecasted to face 28% capital growth over next 4 years – 15% higher than UK average.
Why Great Ancoats Street?
There are many reasons but the obvious combination of putting one of the best Manchester Developers with one of the best locations and Manchester property growth is pretty much a winning combination. Ancoats itself is only 10 minutes’ walk from Piccadilly station and the new UK Amazon offices it’s pretty clear to see why there will be huge demand for the project.
The project yields and property growth and the low cost of finance allow property investors to make substantial gains and returns from this project with 154% ROI over 5 years, see example below:
3% Capital Growth PA for 5 Years
66,070 (53% ROI)
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About the developer
Beech Holdings strategy is to create sustainable, affordable and high-spec accommodation for new graduates and professionals in Manchester. Our apartments maximise on space and use high quality products and materials to increase long term durability and overall sustainability. Our apartments are built with Manchester’s tenants in mind.