Great Ancoats Street

United Kingdom , Manchester , Ancoats

£159,950 GBP to £159,950 GBP

Unit Sizes: 22 SQM.

Ownership
Leasehold

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    Development Overview

    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.

     

     

    Payment Terms:

     

    £2,500 on reservation. 35% on exchange of contract (less reservation fee). 65% on completion

     

    Location

     

    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.

     

    Specifications

     

    Electrical

    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.

     

    Appliances

    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.

     

    Sanitary-ware

    White sanitary ware throughout. Chrome taps and wastes. Concealed wastes and feeds.

     

    Showers

    Thermostatic shower mixer. Pivot or sliding chrome-edged shower door. 800 x 800 shower tray as a minimum.

     

    Woodwork

    Skirting to be molded MDF throughout, with architrave to match (square plank).

     

    Doors

    Internal doors to be flush pre-finished white or veneered with brushed steel. External superior quality walnut doors with glazed lighting or side panels.

     

    Furniture

    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.

     

    Flooring

    The flooring proposed is from British manufacturer Amtico with a 20 year guarantee. This flooring is 10mm thick.

    Development Features

    • Air Conditioning
    • Internet / wifi
    • Microwave
    • TV Cable

    Development Facilities

    • Parking Availability: Yes

    Development Pricing Guide

    Currency Value Type
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    ($) US Dollar $0 - $0 USD

    Development Plan

    Development Videos

    Investment Overview

    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

     

    Why Manchester?

     

    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:

    INTIIAL INVESTMENT

    124,950

    3% Capital Growth PA for 5 Years

    19,901

    Rental Income

    46,169

    TOTAL RETURN

    66,070 (53% ROI)

     

     

     

     

     

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    About the developer

    Country Group Development

    Beech Holdings

    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.

    Available Properties

    PREVIEW PRICE BUILDING BEDROOMS BATHROOMS SIZE
    £159,950 GBP 1 1 22 SQ Meter Check Availability

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