Salford Quays Property Investment
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Luxury riverside apartments overlooking MediaCityUK and Manchester's city centre
Michigan Towers is a new property development completing Q1 2023 in the Salford Quays area of Salford, Greater Manchester.
The first phase will comprise 375 one, two, and three-bedroom apartments starting from £175,995 and an onsite gym and cinema room. The development also offers beautiful landscaped gardens and a private residents' courtyard.
Key Figures
£175,995Starting Price
6%Net Yield
Q1 2023Completion Date
Investment Details
Michigan Towers is located in Salford Quays and is a short walk from restaurants such as Wagamama and Nando's, Quayside MediaCityUK shopping centre and The Lowry arts complex. There is a Sainsbury's supermarket onsite for residents' convenience.
The development is just a three minute walk from Salford's MediaCityUK and is well placed for those working in the digital sector. It is also an 8-minute journey into central Manchester via the Metrolink making it ideally located for professionals who need to commute into the UK's second city for work.
Residents can enjoy the calmness of living by the water whilst also being within easy reach of the Peel Group's bustling MediaCityUK complex and central Manchester.
The Numbers
Ground Rent:£395
Number of Units:375
Service Charge:£1.88 per square foot per annum
Prices:One bedroom apartments from £175,995 , two bedroom apartments from £235,995, three bedroom apartments from £278,995
Leasehold:999 years from 2022
- Onsite gym
- Exclusive residents cinema room
- Management office
- Security
- Bike store
- High quality furnishings
- Landscaped courtyard
- Double height entrance atrium
- Bright and inspirational living areas
- Generously sized apartments
- £5000 reservation deposit
- 25% of purchase price (less reservation deposit) and 50% of furniture pack are payable within 21 days on exchange of contract
- 10% of purchase price and 50% of furniture pack are payable six months after exchange of contract
- Remaining balance to be paid upon completion
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