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Chapeltown Street, Manchester, Greater Manchester, M1

£240,000
Added on 08/01/2022
Alesco Property North, Manchester
PROPERTY TYPE
Flat
BEDROOMS
×1
BATHROOMS
×1

Key features

  • Ideal M1 Postcode
  • Brand New Residential Conversion Development
  • 6% Rental Returns
  • Stunning Views over the Canal & City Centre
  • Energy Efficient Design

Property description

Tenure: Leasehold

For Investment Purposes Only

MC Apartments

One of the most ambitious and exciting new property investment projects, this development is located in the heart of Central Manchester.

When you consider this unique combination of central proximity, travel convenience, iconic stature, modern luxury specification, lifestyle choice and value, you'll agree this is the right spot from which to join Manchester's educated, vigorous city-dwelling community.

Investment Overview

* Brand New Residential Conversion Development
* Ideal M1 Postcode
* 6% Rental Returns
* Stunning Views over the Canal & City Centre
* Energy Efficient Design

Regeneration & Imbalances = Opportunity

The wide consensus of opinion among informed published property commentators is that, from an investment perspective, Manchester now represents the kind of opportunity that for several decades, (until recently) could only be found in London.

As London's residential investment property prices have peaked (and are even contracting in some areas) it is Manchester that is taking on the 'hot spot' mantle. The smart money is moving to Manchester.

Manchester's buy-to-let sector is seeing capital growth around the 7-8% mark with very healthy demand for inner-city accommodation, against a backdrop of high and increasing rental yields.

As a result, new residential property is under construction in the centre on a huge scale. The inner-city residential 'villages' of Spinningfields, Castlefield and the £650m Salford Quays have been extremely successful and massive investment is already in progress, as a glance at the city skyline attests.

Manchester has seen hundreds of millions of pounds worth of regeneration investment in recent years and is now the centre of the Government's Northern Powerhouse initiative.

The Northern Powerhouse is an attempt to bring the economic health of the UK's major Northern population conurbations more into line with the capital.

Too much emphasis has been placed by respective governments on the economic development of London and the South East over recent decades and serious imbalances have occurred. Spontaneous market forces are working in parallel with concerted public sector action to address this problem.

Computer Generated Images for Illustration Purposes Only
Sizes listed are approximations. Please contact the agent to verify actual sizes


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Chapeltown Street, Manchester, Greater Manchester, M1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • New Islington Tram Stop0.2 miles
  • Manchester Piccadilly Station0.3 miles
  • Holt Town0.4 miles
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About the agent

Alesco Property North, Manchester

Office 2, 19 125 Deansgate, Manchester, M3 2BY

About Alesco Property Investment

Alesco is one of the UK's leading property investment specialists, handpicking and pre-negotiating exclusive terms on high-return opportunities across the UK.

Founded in 2016 by experts with over 20 years of experience in the field, Alesco is dedicated to helping you grow your portfolio and ensure your long-term financial security.

Whether you are looking for immediate returns, consistently high yields or strong capital growth, we have th

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Disclaimer - Property reference MC-240000-Manchester. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Alesco Property North, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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