Property description
Marshalls are delighted to offer for sale the exciting Investment Opportunity at The Element Manchester with only five units remaining!
North Point Global is creating an elegantly designed building on Manchester’s Warwick Road containing a residential mix of studio, one and two-bedroom apartments.
The building is situated in an excellent location, close to public transport links to the city centre and major employment zones such as Media City, as well as being on the road which connects two iconic sporting venues – the homes of Manchester United and Lancashire County Cricket.
North Point Global are bringing back to life what is currently a cleared brownfield site being used as a car park, but which will be transformed into a sleek apartment development.
Designed by Blok Architects, it will be a highly desirable home for young professionals.
- 7% Rental Assurance for 1st 2 years
- Located in the popular area of Salford Quays
- Proven Management Company
- 10 year build warranty
- Local Architects
- Optional Car Parking
Price: from £104,500
Car park: £17,000
Furniture Furniture pack (excl. 20% VAT): Studio - £2,739 plus VAT - 1 bedroom - £3,224 plus VAT - 2 bedroom - £3,999 plus VAT
Types of Units
Studio apartments -1 bedroom apartments - 2 bedroom apartments - 2 bedroom duplex / loft apartments - 3 bedroom duplex apartments
Payment Plan
Reservation of £2,000 / 80% on Exchange & 20% on Completion (6% Interest on deposit) 2. Reservation of £2,000 / 50% on Exchange / 50% on Completion (4% Interest on deposit) 3. Reservation of £2,000 / 25% on Exchange / 25% 3 months (after exchange) / 50% on completion 4. Reservation of £2,000 / 25% on Exchange / 75% on Completion
Tenure: Leasehold for 250 years
Build warranty:10 years
Expected completion: Q4 2016
Assured rent: 7% over 2 years
Developer: North Point Global
Architect: Blok
Service charge: £1 per sq ft per annum
Ground Rent : £350 for all unit types (Payable by the investor to the freeholder during the period of tenancy)