Buy to Let Property

Townhouses in Manchester

From: £399,000
Just a 10% deposit required
Onsite amenities such as a gym, laundrette and cinema room
250-year lease
Completed property – no development risk

Townhouses Local Blackfriars, Central Manchester M3


Manchester’s city centre has experienced a lot of regeneration, from Spinningfields and Deansgate to Ancoats and New Islington. Local Blackfriars is a new development on Blackfriars Street close to the Northern Quarter and Manchester’s shopping district. Residents will be spoilt for choice in terms of eateries, bars and shops to explore. Local Blackfriars boasts impressive communal spaces and amenities such as a 24/7 concierge service, bistro, bar, a gymnasium, cinema room and fully equipped laundry room.

Key Figures

£399,000
Starting Price

6.2%
Net Yield

Q3 2020
Completion Date

Investment Details

Local Blackfriars in Manchester is a gated community and the former Grade II listed public house by the same name – The Blackfriars – acts as a gateway entrance. The development has been designed in such a way to blend in with the former public house.

Local Blackfriars is just a seven-minute walk from Manchester’s shopping district which includes Selfridges and Harvey Nichols, the fashionable Northern Quarter and the bars in Spinningfields and Deansgate.

The development was popular with investors and consequently only townhouses are avialable. They would make an ideal family home and car parking is also available along with the property for circa £400,000.

The Numbers

Ground Rent:£350 p.a.

Number of Units:380

Service Charge:£2.85 psf

Prices:Town houses £399,00

Leasehold:250 years

Salford Central Railway Station
Manchester Victoria Railway Station
The Friars Primary School
St Philip's Primary School
The Manchester College
Manchester Arndale Shopping Centre
Spinningfields Business District

Bathrooms

  1. Contemporary white Duravit
  2. sanitaryware
  3. Grohe chrome taps and fittings
  4. Heated towel rail
  5. Porecelain tiling and mirrored
  6. walls to bathrooms and ensuites
  7. Tiled floor finishes

Kitchens

  1. Contemporary high-gloss
  2. kitchen units
  3. Feature lighting
  4. Integrated appliances
  5. Designer finishes and splashbacks
  6. Floor finishes
  7. A combination of durable floor
  8. finishes throughout, including
  9. luxury carpet and tiling to
  10. wet areas

Technology

  1. Low-energy LED lighting
  2. throughout
  3. Fire-fighting sprinklers, automatic
  4. smoke vents and mains-wired
  5. smoke detectors
  6. Dual express elevators
  7. Door entry systems
  8. CCTV system for added security
  • £500 Reservation
  • £2,000 Reservation Deposit
  • 10% on exchange
  • 90% on completion

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