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2 bedroom flat for sale

The Old Queens Brewery , Hulme, Manchester, M15

£125,000

Property Description

Key features

  • Shops and amenities nearby
  • Fitted Kitchen
  • Double glazing
  • Close to public transport
  • Garden
  • Communal Garden

Full description

Historic Queens Brewery

ANTICIPATED FINANCIAL PROJECTIONS
1-Bed Apartment £89,250 (including Secure Gated Parking Space)
Anticipated Rent £580p/m (including Secure Gated Parking Space)
Gross Rent £6,960
Maintenance Fee £750
Management Fee £600
Ground Rent £200
NET Income £5,410
NET Yield 6%

TO RESERVE AN APARTMENT:
£5000 Reservation Fee
25% Deposit on Exchange of Contracts
25% Payment 6 months later
Balance on Completion

The summer of 2012 saw Hydes close the historic Queen’s Brewery after deciding to move to new premises, leaving behind a building that was at the forefront of its illustrious history. Now, a new chapter is to be opened with plans to convert the brewery into lavish, inimitable, self-contained apartments that will stand out from other developments in the area.

The last barrel was rolled out in late 2012 and the building at the centre of Hyde’s history would brew no more. However, despite the fact the brewery is being turned into residential apartments, its historical character is set to remain. As a condition of its Grade II listed status, stunning features such as the romantic clock tower and the oak brewing vessel will remain as features of the building. In addition, the eye-catching exterior will be restored to its original condition, making it a truly extraordinary property in the area.

The original Queens Brewery building, which dates back to the 19th century, has Grade II listed status. The landmark building is undergoing extensive refurbishment by Forshaw Land & Property Group Ltd. and, when completed, will boast 73 luxurious apartments consisting of mainly one and two bed accommodation, with a small number of studios. The central courtyard is to be landscaped, leaving car parking to remain in its current position outside of the site. The epitome of luxury, original period features will be kept throughout and residents will have the choice of duplex apartments with private balconies, en-suite rooms and private dressing rooms.

A unique feature of the development is that within the existing structure of the building, no apartment will look the same – a host of different shapes and sizes will be available to choose from; some loft style, others will be standard apartments and others boasting huge feature windows. In addition to the original building, new construction will provide three storeys of additional accommodation. It is planned that the architectural language of this will be contemporary, to create a clear contrast with the original parts of the site, which will also add another element of uniqueness to the development.

With the focus of the refurbishment quite clearly on restoring the character of the building, it’s clear that this isn’t going to be just another block of flats.


Phase 1 construction is due to begin in May 2014 and will consist of the first half of the courtyard on either side. Phase 1 is anticipated to be completed by Q3 2015.


Information on the local area/brewery:
Brewery info and images - http://www.28dayslater.co.uk/forums/industrial-sites/85308-hydes-brewery-manchester-june-2013-a.html
Brewery info and images - http://www.urbandegeneration.com/hydes-brewery-manchester-june-2013/
Hume regeneration - http://www.manchestereveningnews.co.uk/news/greater-manchester-news/24m-work-gives-hornchurch-court-2455791?plckFindCommentKey=CommentKey:213e03f0-1e0f-4e02-b6de-e2b1b583a85a
Hulme regeneration - http://www.manchester.gov.uk/info/200079/regeneration/496/past_regeneration_programmes_in_manchester/5
Hulme 10 years on - http://usir.salford.ac.uk/17134/2/Hulme_10_years_on.pdf
Article on the potential sale of brewery originally - http://www.jjtresidential.co.uk/property-news/buying/brewery-site-to-become-housing-site/801393893
Brewery Info – http://www.britishlistedbuildings.co.uk/en-388335-hydes-anvil-brewery-
Failed power station plan for the site - http://www.manchestereveningnews.co.uk/news/greater-manchester-news/sale-of-hydes-brewery-in-moss-side-696722
Information about the Hyde family http://www.manchestereveningnews.co.uk/business/business-news/adams-ale-and-hearty-1001812

Information on the Manchester market (how it is moving forward / infrastructure plans etc):
The article in Global Property Scene about Manchester and Salford has a lot of information/stats in about the area
Check prices for Manchester properties in specific areas - http://www.home.co.uk/search/property.htm?location=manchester
BBC House price calculator - http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/br.stm
Deloitte crane survey – Manchester 2013 (you need to scroll down the page) http://www.manchestereveningnews.co.uk/business/business-news/adams-ale-and-hearty-1001812
Greater Manchester growth will out-strip that of north west - http://www.manchestereveningnews.co.uk/business/business-news/greater-manchester-growth-out-strip-north-6371452?ptnr_rid=85600&cid=eml_MENBusiness_BusinessReadMore
Signs of housing market recovery in Greater Manchester - http://www.manchestereveningnews.co.uk/news/greater-manchester-news/signs-housing-market-recovery-greater-6289084
Housing blueprint aims to triple number of new homes to be built in Greater Manchester- http://www.manchestereveningnews.co.uk/news/greater-manchester-news/housing-blueprint-aims-to-triple-number-692158
Infrastructure plans - http://www.investinmanchester.com/why-manchester/infrastructure/road/
Latest HomeLet Statistics December 2013 - http://www.cgtlettings.co.uk/news/latest-homelet-statistics-december-2013/


Listing History

Added on Rightmove:
10 March 2014

To view this property or request more details, contact:

Quay Property, Salford

Merchants Quay Salford M50 3XR

0161 468 0205 Local call rate

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