2 bedroom apartment for saleRivergate House, Wilburn Wharf
Withdrawn from Market £194,000
- 2 Bedrooms
- Near Public Transportation
- Gas Heating
Full descriptionRivergate House at Wilburn Wharf is a striking new-build waterfront residence only minutes from Manchester city centre. This opportunity presents exceptional value to enter the property market of a city that is on the cusp of a historic transformation.Manchester continues to rise up the ranks of the world's most promising property investment markets of 2016. In a growing city where the supply of new housing is struggling to meet demand, we're pleased to present Rivergate House at Wilburn Wharf - a luxury waterside development just minutes from Manchester's central business district.Rivergate House Overview1 / 2 / 3 BedroomsUp to 75% LTVEstimated completion: Q4 2016249-year leasehold titleRental yield up to 5.63%Facilities and featuresSpacious 1/2/3-bedroom apartments in the heart of ManchesterHigh-quality specification and finishFirst phase of a new-build riverside development around the historic Wilburn BasinCar parking available for many unitsJust a short walk from the thriving Spinningfields business and employment hubRivergate House Key PointsFirst phase of a new-build riverside development around the historic Wilburn BasinCar parking available for many unitsJust a short walk from Spinningfields business and employment hubSizes from 488 to 1,034 square feetUp to 75% LTV available1 Bed apartment from 488 sq.ft to 617 sq ft. starting from £212,0002 Bed Apartments between 658 sq.ft. and 1034 sq.ft. and ranging from £194,000 to £367,0003 Bed Apartments are 844 sq.ft. and ranging from £258,000 to £317,000This apartment is 689 sq.ft.Why invest in Manchester?People: 128,000 new Manchester residents in the next decadeEmployment: 110,000 new jobs by 2025Value: Average Manchester apartment is one-third of the price of that in LondonSupply: Current construction pipeline is providing less than half of the required new unitsYields: Manchester achieved the UK's strongest rental yields in 2010-15 at 6.02% per annumGrowth: Prices forecast to rise 20% over the next 3 yearsManchester's growing attraction to investors is explained by a combination of factors. Its economic performance, growing population and position at the centre of the UK Chancellor's GBP 7 billion 'Northern Powerhouse' are the main structural factors driving this, but most important of all is the value investors can find in the city. The average apartment in Manchester is just over a third of the price of an equivalent property in Central London.
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