Exciting BTL opportunity near to Manchester’s £800m regeneration zone

by Property 118

14:33 PM, 29th July 2016
About 2 years ago

Exciting BTL opportunity near to Manchester’s £800m regeneration zone

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Exciting BTL opportunity near to Manchester’s £800m regeneration zone

Naples insideAccording to recent figures, Manchester ranks 4th in terms of rental yield and buy-to-let property. Investors can take advantage of the booming market and current launch offer discount of 10%, and invest in Naples Gardens, an exciting development near to the extensive £800m regeneration project, NOMA.

Naples Gardens is located close to the NOMA regeneration scheme in Manchester. NOMA is a significant regeneration project owned by Hermes Real Estate and The Co-Operative Group, spanning 20 acres of urban land in the heart of Manchester. The mixed-use development will comprise Grade A office space and high-specification residential property. The main focus of NOMA is to focus on the people and what they want and require from a living space.

Property within and surrounding the development will benefit from the area’s regeneration in terms of capital uplift. Naples Gardens is located along the perimeter of the NOMA development, and investors can look forward to their unit only increasing in desirability as the area blossoms. Ideally located, Naples Gardens benefits from excellent transport links, being just a six-minute walk away from Manchester’s Victoria train station. Due to improvements being made to Manchester’s transport infrastructure, Victoria station will soon be linked to Manchester’s Piccadilly station via the creation of a short railway line called the Ordsall Chord. This means that for the first time ever, Manchester Victoria will have direct links to London.map

INVESTMENT SUMMARY

  • Development will benefit from NOMA regeneration scheme
  • Projected gross yield of 6.5% +
  • Launch offer discount of 10%
  • Excellent rental demand
  • Market prices from £189.500
  • High growth property investment

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