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2 Bed Flat, Manchester, M1 2JQ £289,000

66 Ducie Street, Manchester, M1 2JQ - a year ago
  1. Deal Search
  2. Manchester
  3. M1
  4. M1 2JQ
Leasehold
B2SA
ROI: 23%
~68 m²

ValuationOvervalued

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Property History

Listed for £289,000

October 4, 2024

Description

  • Discover Your Dream Investment: Modern Apartments in Manchester's Thriving Piccadilly, 25 Storeys of Luxury Living and Unmatched Amenities Await! +
  • Invest in the Future: Stunning 1, 2, and 3-Bedroom Apartments in Piccadilly's Newest Development, Projected 7% Yields and Prime City Location! +
  • Elevate Your Portfolio: Exclusive 177-Apartment Development in Manchester with 25% Deposit, Modern Design, and High Rental Demand! Don't Miss Out! +
  • Seize the Opportunity: Invest in Luxurious Apartments in Manchester's Piccadilly Area! 25% Deposit Required, 7% Projected Returns, and Premium Amenities! +
  • Your Next Investment Awaits: Stylish Living in Manchester's New Piccadilly Development! Explore High-Quality Apartments with Incredible Rental Yields Today! +

A dynamic new development is set to enhance the Manchester skyline, ideally located in Piccadilly's latest regeneration area, designed to meet all the modern needs of today's tenants.

Full Description - This vibrant development will rise 25 storeys high, featuring 177 one, two, and three-bedroom apartments, all finished to the highest standard. Residents will enjoy a wealth of amenities, including a comfortable work-from-home station, gymnasium, and communal garden right at their doorstep. Each apartment is thoughtfully designed with large windows and earthy tones to create a natural, welcoming atmosphere, catering to the evolving needs of modern living.

Investment Overview:

7% projected yield
Only 25% deposit required
Completion expected in Q2 2024
Ground rent at 0.1%
250-year leasehold
Council tax band A

Prices starting from:

1-bedroom apartments: £191,000
2-bedroom apartments: £290,000
3-bedroom apartments: £365,000

Location Overview:

Anticipated regeneration will boost Piccadilly's value
Rents in Manchester projected to increase by 16.5% from 2020-2024
High demand for rental properties in Ancoats
In the coming years, Piccadilly and its surrounding areas are set for significant regeneration, especially with the new HS2 station coming to the existing Piccadilly station. This development will bring both residential options and increased green spaces, enhancing the area further.

This apartment represents an exceptional investment opportunity, with only a 0.1% ground rent (subject to future review). The estimated service charge is £3.4 per sqft, and it is anticipated to fall within Council Tax band A.

For more information about this exciting new development, please contact one of our consultants today. Note: Information provided is subject to change.

Agent Details

Elite Realty Invest, Liverpool

0151 453 2241

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Links

  • More Deals in Manchester
  • More Deals in M1
  • More B2SA Deals
  • More B2SA Deals in Manchester
  • More B2SA Deals in M1

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