Buy to Let Property

Rivergate House, Manchester

From: £208,000
Concierge service
Furnished to a high specification
Phase 1 completion September 2016
Secure car parking
Four block development around historic Wilburn Street Basin
600m from Spinningfields

Rivergate House – Manchester Investment Property M5


An opportunity to invest in property in the M5 postcode of Manchester has arisen. Rivergate House is a recent development nestled within a new riverside community called Wilburn Wharf. Wilburn Wharf is located on prime Manchester land, and is just 600m from Manchester’s financial district of Spinningfields.

Key Figures

£208,000
Starting Price

5.5%
Net Yield

Q1 2016
Completion Date

Investment Details

Rivergate House Investment Facts

Up to 75% LTV available 10% deposit on exchange Early phase investment in high growth area Car parking available for many units Concierge service Just 600m from Spinningfields Onsite gym for residents only


Regeneration in Manchester

Since the 2000s, Manchester has undergone numerous regeneration schemes, some of which are ongoing. St Johns Manchester is one of the most ambitious regeneration schemes, aiming to create a new best-in-class city centre neighbourhood. Allied London are planning on creating a space where residents can live, work and play, and that combined residential, commercial and cultural buildings to really give the neighbourhood a sense of identity. Rivergate Manchester will be situated in close proximity to St Johns Manchester, so residents can enjoy that quarter, and investors can take advantage of rising house prices and desirability due to nearby development.


Is Manchester a Good Place to Invest in Property?

When assessing whether Manchester is a good place to invest in, it was recently voted as one of the best places to live by the Economist Intelligence Unit in the Global Liveability Scale. It has become a hub of cultural entertainment, boasting an array of theatrical events, restaurants and as a home to world-renowned football clubs such as Manchester United and Manchester City. Living costs are just a fraction of what they are in London, with apartments costing just over a third of what they do in the capital. With the amount of regeneration Manchester is experiencing, it is not surprising that there is a high demand for rental properties in the city. Business in Manchester is booming, as its Gross Value Added now surpasses that of the North East (GBP42 billion) and West Yorkshire (GBP43 billion). Due to strong demand for buy to let in Manchester, the city offers some of the highest rental yields out of anywhere in the UK.

The Numbers

Ground Rent:£300

Number of Units:0

Service Charge:£2.12 psf

Prices:From £208,000

Leasehold:249 years

Salford Crescent Railway Station
Salford Central Railway Station
Salford Shopping Centre
Spinningfields Business District
Deansgate Railway Station
St Philip's Primary School
The Manchester College

High quality specification and furnishing. Contact one of our experts today to learn about properties similar to this one.

Property now sold.

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