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£195,000

Eastbank, New Islington New Islington, Manchester City Centre, M4

  • 3 beds
Flat

£195,000

  • 3 beds
Flat
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Estimate monthly mortgage payment:

£890 per month

Minimum deposit amount:

£9,750
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NEW RELEASE - MANCHESTER CITY CENTRE 
3 BEDROOM CITY VIEW PENTHOUSE
RENTAL RETURN £1250.00 p/m - 7.7% Gross Yield

The City of Manchester has been named by HSBC in the 'Top 4 UK Property Hotspots'

  Investors - 6% assured NET rental yields for 1st year 
     1 and 2-bedroom apartments available
    5 minute walk to Manchester Piccadilly Train Station 
      Secure parking spaces available with selected units
      10 minutes walk to City Centre shops, bars and restaurants
      On the commuter belt with instant access to the Mancunian Way
      Completion date: 2nd Quater 2016


£5000 Reservation Fee
25% on contract exchange Q1 2015
 25% 6 months into the construction
Balance on Completion 2nd Quater 2016

After experiencing years of little-to-no construction, Manchester is booming once again, with new-build apartments starting to appear on the skyline as confidence in the market begins to pick up pace.
As market leaders in the buy-to-let sector, our current portfolio of products includes a number of off-plan developments, some of which are already in construction, from experienced developers with a solid track record of completed products. 

The demand for rental stock in the UK is the highest it has ever been, as the continued risein house prices ensures that first-time buyers cannot afford to take that first step onto the property ladder. Instead, tenants are looking for high-quality rental accommodation, in properties which they can essentially move straight into, without the hassle of waiting for it to be redecorated or repaired.

As the property market starts to move and construction picks up pace, buy-to-let properties are increasingly becoming a more hands-off investment than they have ever been before, due to the new-build status of the building and the improved quality of the lettings and management agencies which are employed to maintain the property. No investment can ever be considered safe, but there are certain sectors, like buy-to-let,where you can minimise your risk. Purchasing a buy-to-let property is once again being viewed as a way to generate a positivecash flow on your investment, as income is generated not only on rent, but from the capital appreciation gained on the property from the start. Manchester is one of the strongest rental markets outside of London, due to a severe shortage of new-build stock for at least the past six years. 

Apartment Type 
Prices fromOne-bedroom apartment from £110, 000
One-bedroom apartment with balcony from £110, 000
Two-bedroom apartment from £135, 000
Two-bedroom apartment with balcony from £135, 000
3-bedroom penthouse from £195, 000

 * All figures are based on forecasts provided by the developer, are indicative only and aresubject to change.Any financial information provided in this document is intended as a guide and does notconstitute a contract. 

Interior Specification 
Communal Areas
Main communal entrance area with ceramic tiled floor finishes
Individual post boxes within communal ground floor area
Electronic fob operated door entry systems with video link
Lift access to all floors
Quality carpeting to communal stairwell and corridors
Refuse chutes for waste disposal on each floor

Kitchen Area
Fully fitted modern kitchen with a selection of base units and laminated worktop
Electric multifunction oven and hob finished in stainless steelIntegrated fridge and freezer compartment
Contemporary vinyl flooring 

Bathrooms
Modern white sanitary ware including concealed cistern WC
Contemporary chrome fittingsHigh quality shower fitting
Walls and floors fully tiled in contemporary ceramic tiling
Heated electric towel rail

General
Interior Painted finish to all walls, ceilings and skirtings in white
Full height aluminium framed double glazed unit to external windows
Camaro vinyl wood strip flooring
Selected apartments with roof top terrace overlooking the city
Recessed downlighters to all areas
Efficient individually controlled thermostat

DISCLAIMER:
Please note that Quay Property have not tested any equipment, services or central heating system mentioned in these particulars and purchasers are advised to satisfy themselves as to their working order and condition. These particulars do not constitute or form part of an offer, nor may they be regarded as representations, all interested parties must themselves verify their accuracy. To view this property, please call 0161 920 6487.

 

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