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Grapnel Apartments offers investors luxurious high-end apartments in Manchester City Centre

31st May 2017 Print

Located in the Northern Powerhouse city of Manchester, Grapnel Apartments is the third phase of the Fortis Quay development. On offer are 272 stunning apartments that are luxurious in every sense of the word. They are situated over 12 floors and have views over Media City UK and Salford Quays. The area has grown in popularity in recent years and many young professionals are moving to the area. Therefore, the apartments have been designed with modern and practical living in mind so that they meet the requirements of young professionals. 

The Area

Salford Quays in particular has experience a real boom when it comes to property investment in Manchester. It is offering excellent value property and some of the best yields in the country not to mention capital appreciation. Over the course of 5 years, many businesses have moved into the area with the number increasing by 20% which in turn, has helped the economy to grow by 15%. This growth in the economy has resulted in many people deciding to move to the area, increasing the population but also enhancing the desirability and values of property to impressive levels.

What makes the area future proof is the fact that Salford Quays is now classed as a technology hub. Businesses located here are driving the digital economy forward while there are many upmarket bars and restaurants as well as shops located in the area. There is a lot of history and culture with landmarks such as the Imperial War Museum and the Lowry Theatre for residents to enjoy while the city centre is easily accessible thanks to the Metrolink tram service which is less than 500 metres from the development.

This all plays a part in helping the third phase to have a positive outlook when it comes to uptake as the previous two phases have proved to be extremely popular.

The Investment

Not only are there 272 luxurious apartments available, there are 21 parking spaces and a great location as mentioned. Any investment in the development will be fully let and managed by a letting agency that has a vast experience. Those investors who are looking to take advantage of this great opportunity will be pleased to know that completion is expected during Q1 2020.

There are three different properties available.

The one-bed apartment is 37.3 square metres in size and is priced at £144,995 while the two-bed apartment is 58.4 square metres and costs £189,995. The three-bed townhouse offers 64.5 square metres of space and is priced at £249,995.

The Investment Process

Upon selecting your preferred property, an initial £5,000 reservation fee is required with both sets of solicitors being instructed and the relevant legal documents and sales packs are sent out. Upon exchange of contracts a further 25% less the reservation fee is paid with an additional 25% being paid 9 months after the exchange of contract. When completion occurs in 2020, the remaining balance is then paid.

For more information on Grapnel Apartments, please contact Hopwood House.