Introducing to the market 90 Princess Street, a highly popular investment opportunity nestled in the centre of Manchester city centre, suited perfectly for any investor keen to start or expand their portfolio in the Northwest.
This apartment is a conversion from a 20,000sqft building, developed into 35 modern and luxurious low-carbon apartments; with investors who have previously invested in the building having seen a 40% return on their initial investment in just 5 years.
Completed and tenanted until September 2022, this investment is future-proof, with eco-friendly designs throughout and boasting advanced smart technologies. As a hands-off investment with management included, this is a great option for any investor who is looking for a hassle-free opportunity.
Close to both the Manchester Metropolitan University and the University of Manchester as well as the centre of the city and various transport links, this development is wildly popular with both students and young professionals alike.
The Development
A stunning converted building covering over 20,000 square feet, 90 Princess Street offers 35 contemporary low-carbon apartments, all constructed using environmentally friendly products and materials. This 2-bedroom apartment is already tenanted, offering an immediate income to any investor, and is high yield, being in strong rental demand, making it a perfect investment opportunity.
It's fully furnished with advanced smart technologies and bespoke furniture, in an incredibly desirable area of Manchester. Close to both the Manchester Metropolitan University and the University of Manchester as well as the centre of the city and various transport links, this development is wildly popular with both students and young professionals alike.
Why Manchester?
~ Global Connectivity
Manchester is the number one choice for investors across the world. The global connectivity that Manchester International Airport provides has contributed £4.5 billion to the local economy and is currently undergoing a £1 billion expansion - which will mean the airport can cater for an additional 30 million passengers each year.
~ World-class Universities
Home to two world-leading universities that attracts thousands of new students every year to Manchester, 60% of these students will then stay in the city after graduating, further contributing to the demand for rental housing. There is also an undersupply of housing in the city; 11,000 new homes are needed in the city each year to keep up with the growing demand, and currently only 7,000 are being built - leaving a shortfall that investors can benefit from.
~ Consistently growing property market
With property prices at an all-time high since records began, and capital appreciation seeing a growth of 16% - a 7-year high - the property market has remained resilient throughout the last 18 months amidst economic uncertainty. With all lockdown restrictions lifted, the economy is set to boom which can only further positively impact the property market. Additionally, over half the population of Manchester is made up by Generation Rent, and with rental prices increasing by 10% over the past 12 months, investors are reaping the rewards.