Residential For Sale

From £135,000

Carnaby Place, Manchester.

Prices From £135,000, projected 8-10% yield on short term let

Carnaby Place is a new residential development in a prime location on the emerging Regent Road, minutes from Manchester City Centre.

Comprised of 96 units containing one, two and three-bed apartments, as well as three-bed duplexes; the development offers contemporary living space in a modern residential community with an on-site gym, communal gardens, 24-hour concierge and residents lounge.

The price point of this development is extremely attractive and perfect for investors who can not necessarily afford the higher pricetags of Manchester City Centre but with the added benefit of just being a short walk away.

The development is close to shopping centres, restaurants and plenty of things to keep persepctive tenants happy.

Scheduled for completion in Q2 2022 the development is unique in that the entirte 30% deposit required to exchange is fully protected and insured in case the developer, for any reason, was unable to complete the development. This makes this project one of the safest off plan property investment opportunities currently available in Manchester.

Investment Highlights

  • Prices from £135k for 1 bedroom apartments, £194k for 2 bedroom apartments and £250k + for 3 bedrooms
  • Income projected at 6% Net for long term lets and up to 10% net for short term rentals
  • 3% Deposit interest between exchange and completion
  • Payment plan 30% deposit on exchnage (Fully Protected) 70% on completion
  • Finance available

 

FAST FACTS
Price
£135,000
Developer
Sourced Developments
Management Company
Bolt Lettings
Service Charge
£2 per sq ft / annum
Payment Plan
30% on exchange 70% on completion
Management Fee
TBC
Ground Rent
0.1% of the property price per annum
Completion Date
Q2 2022
Deposit Interest
3%
Tenure
250 years leasehold

contact the owner.

Sanjit Dhanjal.

sanjit@opulentinvest.com
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