Residential For Sale
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.
- 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
£2 per sq ft / annum
30% on exchange 70% on completion
0.1% of the property price per annum
250 years leasehold