Property description
Bradshaw Henderson are delighted to offer this are delighted to offer this fantastic investment opportunity comprising 60 units 1 bed 97,500 1 Bed Penthouse 105,000 2 Bed Apartments 117,500 2 Bed Apartments with parking 137,000.
***** Incredible Penthouse with amazing views available************************
General
Following the selling out of X1 Salford Quays Phase 2 in
a record 30 days, the third phase has been launched in
response to high demand from investors.
Comprising a mix of one and two bed apartments over five
floors, X1 Salford Quays Phase 3 will hope to mirror the
success of the previous two phases launched in the area.
A high number of clients have already registered their
interest on hearing about the launch of the third phase and
we expect demand to be high for the 60 units.
Phase 3 is located in the constantly growing area of Salford
Quays, which now houses the BBC and ITV at the new £1bn
MediaCityUK site.
Salford Quays
Home to the former Salford Docks, Salford Quays has grown phenomenally over the past decade to become a
vibrant, trendy suburb that is experiencing a property boom due to the vast amount of regeneration taking place in
the area.
The arrival of the BBC to MediaCityUK in 2011 thrust the area into the spotlight, attracting a multitude of businesses,
restaurants and cafes, in addition to the University of Salford's media suite and a host of production companies.
The past couple of years have seen house prices continue to rise, as an influx of young professionals and students
move into the area, attracted by its accessibility to the city centre and the wide range of facilities and amenities
available in the local area.
Manchester
The third largest economy in the
UK, Manchester is the most popular
destination in England outside of London,
attracting almost 1 million visitors to its
streets in 2013. Lured in by its famous
music scene, shopping, nightlife and
sporting venues, the city also boasts the
UK's largest student population, with
just under 100,000 students descending
annually to study at its renowned
institutions.
Recently identified by HSBC as the
'Second Best Buy-to-Let Hotspot' in the
UK, Manchester has been lauded as
one of the few cities to push forward on
construction projects that aim to alleviate
the strain on local housing.
As the rental market continues to gain
momentum, new-build projects like X1
Salford Quays Phase 3 are certain to
attract attention from both potential
residents and investors.
Specifications
General Interior
Fitted carpets in lounge and bedroom areas
High quality flooring to high traffic and wet areas - hallways, kitchen,
dining areas and bathrooms
Recessed ceiling mounted LED lighting
Furniture pack provided
Kitchen Area
High quality contemporary fitted kitchen units with stainless steel fittings
LED cabinet lighting to worktops
Fitted appliances-hob, oven, extractor hood.
Bathrooms
Premium sanitary ware
Main bathrooms - WC, hand basin, 1500mm bath with overhead shower and
folding screen
Full tilling in bathroom areas
En-suite bathrooms with WC, hand basin with mirror and shower cubicle
External & Communal Areas
Secure enviroment - fully gated community with electronic access control
Access intercom and cameras
Secure gated external car park (available at an additional cost)
CCTV to car park, external grounds and internal communal areas
Landscaped external areas
FAQ'S
Am I buying as freehold or leasehold?
135 years leasehold
What is the address of the site?
X1 Salford Quays Phase 3, Elmira Way, Salford, Manchester, M5 3DA
Are these apartments completed?
No. This is a new-build development which will be furnished to the highest
of standards and will be ready to accept residents from Q1 2016
What are the projected annual returns?
Returns of up to 6% NET are assured for the first year
Can I recieve finance on this development?
There is currently no finace offered by the developer
When is my rental income paid?
Quarterly in arrears, direct into your bank account from completion
Is there a management company in place?
Yes, the designated management company will be X1 Lettings
Can I resell my unit?
Yes, you can sell at any time after exchange of contracts
Are there any restrictions if I want to sell?
No, X1 Salford Quays Phase 3 is a residential development, so you are free
to sell your unit on the open market
The Purchase Process
Investing through in X1 Salford Quays Phase 3 is a quick and easy
process, simply:
Speak to a Property Consultant on 0151 342 2444 and choose your apartment
Complete the reservation form and pay the deposit
Solicitor instructed, legal documents and sales pack sent out
25% payable within 21 days, upon exchange of contracts (less the reservation fee) *
Remaining balance due upon completion
*Contracts need to be exchanged within 21 days of reservation/planning approval