Property for sale Manchester, United Kingdom
Prices from GBP £109,000
Ref: 191-855-61
1 - 3 Bedroom(s), 1-2 Bathroom(s) |
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Cutting edge design and architecture come together to create the development on the edge of the City of Manchester in the prime location next to the new proposed Media City.
The Development will have a prestigious urban layout featuring pioneering design, styling and internal finishes. The development will consist of four towers housing 1036 apartments, being a mix of smartpads, 1, 2 & 3 bedroom apartments.
Set in an ideal location on the edge of the city of Manchester in Salford Quays, a prime waterfront location with excellent transport connections into the city centre, motorway, and the Manchester International Airport.
Due to the location and innovative design team, the development offers a fantastic investment opportunity for buyers of all interests
Potential Capital Appreciation
per annum 10.00%
Conservative estimate from the developer
Potential Rental Income
per annum 10.00%
Conservative estimate from the developer
Development Timetable
Construction Start: 4th Quarter 2007 Construction End: 4th Quarter 2011
Unit type Bedrooms Size M²(from) Size M²(to) Price (from) Price (to)
Apartments 1 37 39 122750.0000 136500.0000
Apartments 2 57 70 181500.0000 262750.0000
Apartments 3 67 67 216250.0000 241500.0000
Studios 0 28 28 109000.0000 123750.0000
Development Description
ManYoo will offer 4 twenty-six story apartment towers housing 1036 apartments ranging from smartpads, 1, 2 & 3 bedrooms.
The internal designs of each tower will vary, with two of the towers being designed by Jade Jagger.
Features of the development include security with video entry systems, CCTV at the entrances. A concierge service, parking for selected units, communal areas with swimming pools, gymnasium, along with retail and office spaces.
Access to the city centre and surrounding areas is ideal, with a metro link direct to Manchester city, a close location to the Manchester International Airport, and only a short distance to the main motorway system.
With completion due in early 2011, the development offers potential for capital growth as an investment.
Features:
Retail and Office spaces
Communal areas Parking for selected units
Direct metro link to Manchester city
Concierge service Video entry system
CCTV security at entrance points into building
Located adjacent to the new BBC Media Centre site
Close to the International Airport Excellent Access Built-in wardrobes to one bedroom & master bedroom in two bedroom apartments
7ft flush internal doors in white satin finish with chrome ironmongery
BT points to lounge and bedroom one, one BT point in all smart pads
Double glazed windows
Eggshell paint finish to woodwork
Wood laminate flooring throughout the apartments with the exception of the bathrooms and en-suites
Traditional radiator heating system in one, two and three bedroom apartments, electric panel heaters in smart pads
TV points to lounge and bedroom one or in smartpads one
TV point Provision for satellite TV through Sky+
Recessed down lighting throughout apartments with pendant fitting for feature light fittings for purchasers own requirements
Plumbing for washing machine in cylinder cupboard, apart from smart pads which have hot water generated by point of use electric heating system
Build Quality Specifications:
Bathroom Fittings:
Duravit or Vileroy & Boch WCs with concealed cisterns
Duravit or Vileroy & Boch wash hand basins with single lever chrome tap
Where provided Bette baths with shower mixer over bath and glass shower screen
Oversize shower with glass screen and thermostatic mixer
Oversize luxury showers in smart pads and in two bedroom en-suites as a general rule
High quality ceramic tiles to walls and floors up to 600mm with full height tiling in shower and bath areas
Mirrors above hand basins
Shaver sockets
Chrome heated towel rails
Energy efficient down lighters
Extractor fan
Kitchen:
Contemporary bespoke designer kitchen units
Laminated work surfaces with option to upgrade to granite or marble at additional cost
Stainless steel electric oven, hob and integrated extractor hood
Refrigerator with ice box in smart pads and 1 bedroom apartments
Fridge-freezer in two and three bedroom apartments
Dishwasher in one, two and three bedroom apartments
Stainless steel sink and drainer
Energy efficient down lighters
Feature splash backs
Concealed electrical points
External / General Construction:
Post tension flat slab concrete frame
Unitised curtain walling system
Rain screen cladding
Windows have metal faced external frames with timber internal encasements
Piled foundations with a secant basement car park
Location Details
The ManYoo development is to be situated in Salford Quays, one of Manchester’s core 'Office and Industrial' zones, along with neighbouring Trafford Park.
Salford Quays, with the addition of the Media Centre, set to house the BBC’s relocation, has developed into a prime business location.
The area offers a wide variety of retail and leisure facilities, along with being an attractive waterfront location Trafford Park is one of Europe’s largest and most successful business parks, being home to a large number of offices and Headquarter buildings for major companies and has one of the highest concentrations of industrial space in Greater Manchester.
It is estimated that approximately 44,000 people are currently employed in the area.
Local climate
As with the rest of the United Kingdom, Manchester's climate is highly changeable and unpredictable. In general, however, the weather in Manchester is mild, with sunny summers and cold, wet winters.
Snowfall is infrequent, but winter days can be frosty and clear.
Occasionally the area receives very hot summer temperatures or very cold winter temperatures, but these tend to pass quickly.
The average temperature in January is around 39°F (4°C), while the average temperature in July is about 59°F (15°C).
Mortgage Options
UK finance available subject to status.
Payment Schedule
This case study is based on the standard 1 bedroom, 39m2 apartment within the ManYoo development.
ManYoo
Purchase Price
Reservation Fee
Deposit on Exchange (3.333%) – minus reservation fee
Investment required to exchange
GBP
144,250
1,000
3,808
4,808
Phased Payment Plan
3.333% in May 2008
3.333% in May 2009
Total Stage Payments Required
4,808
4,808
9,616
Completion Costs
Final Payment (90% of the Purchase Price)
Stamp Duty (1%)
Solicitors Costs (exc. VAT)
Disbursments
Investment Required to Complete
129,825
1,442
300
250
131,817
Total Investment Required From Investor at Exchange 4,808
Total Investment Required From Investor at Construction 9,616
Total Investment Required From Investor at Completion 131,817
Total Investment Required From Investor
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