Property description
Property description
New build residential property development situated in Ancoats and New Islington borough of Manchester, close to city centre. The building comprises of 111 luxury flats, with choices of 1 and 2 bed apartments and 3 bedroom penthouses. The property enjoys spectacular city views with private balcony options available for the 1 and 2 bed apartments.
Eastbank House will be fully let and managed by an established lettings agent making it perfect for those looking for a hands free investment. Dealing with an experienced management company enables clients to benefit from annual yields of circa 6% for non resident investors.
Manchester is an extremely popular city with a strong rental market. It has experienced population growth of 19% over the last decade. Studies by hsbc Bank, showed an 18% increase in house prices in the first quarter of 2014. The proposed High Speed 2 rail link only serves to broaden Manchester’s appeal and the 5% annual growth of the rental market makes Eastbank a wise choice for the savvy investor.
A modern 21st development, with residents enjoying unrestricted access to private gymnasium, communal recreational areas for socialising, secure bicycle storage and garden with terrace facilities.
An urban regeneration project of the area has seen modernization of the local canals and squares. Many of the old mills have been refurbished providing an interesting backdrop to more modern architecture.
The excellent public transport facilities and proximity to city centre, provides appeal for both young professionals and families alike and will generate a high demand from the rental sector.
The local area provides all shopping needs within short walking distance and has many independent fashionable shops. Two universities fall with a 1.2 mile radius so Eastbank will no doubt appeal to students.
Distances to popular facilities
Manchester Piccadilly Station - 0.4 miles
MediaCityUK - 4.0 miles
Manchester University - 1.1 miles
Manchester Met University - 1.2 miles
Arndale Shopping Centre - 0.5 miles
Investment Overview
From £110, 000
Garden Terrace Or City Views
6% Assured net Rental
Great Location
Onsite Gymnasium
Completion Q2 2016
Fully managed
1, 2 and 3 Bed Apartments Available
Close To All Amenities
6% fixed income for non resident landlords
For more information please contact O'neil Property Services
Property Features :
- PARKING
- ASSURED NET YIELDS OF 6% FOR THE FIRST YEAR
- CITY CENTRE LOCATION
- PRIME CITY VIEWS
- BUY TO LET INVESTMENT