Downtown is described as a “hotel-style” investment property in Manchester, and it situated on the banks of the River Irwell. Residents will be able to enjoy the tranquility of the development’s location, yet also rest in the knowledge that it is well-connected, and only a few minutes’ walk from Manchester city centre.
Downtown will boast premium facilities such as a fully equipped gymnasium, a concierge service, spa and steam rooms and a communal roof garden. Downtown will be made up of 368 1,2 and 3 luxury bedroom apartments, and six individual but interlinked blocks that will vary from 4 – 14 storeys. Phase 1 of the development is due to be completed in Q4 of 2018.
Downtown aims to cater for the needs and wants of an ever-growing aspirational Mancunian population, delivering premium quality and comfortable living with attentive service and facilities to cater for residents’ needs.
Manchester is continuously voted one of the best cities in the UK to live in. In The Economist Intelligence Unit’s Global Liveability Survey it was ranked as the best city in the UK, scoring well on criteria such as the quality of education, health care and environment.
With these kinds of accolades to its name, it’s no wonder that so many people are wanting to live in Manchester, and the demand is clearly reflected in rental yield figures and occupancy rates. Manchester currently boasts a 98% rental occupancy rate, and at 7.8%, the yields are some of the highest in the country. Not only are people wishing to live in Manchester, but many businesses are relocating their headquarters to the city too, which has resulted in booming business districts such as Spinningfields and MediaCityUK.