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Media City Offers Investors opportunities within the Manchester Residential Property Market

24th July 2017 Print

Manchester is one city which has seen massive regeneration over recent years, and this is, in part, due to the development of Media City. The release of the final tower in this development has now presented investors with an excellent opportunity.

MediaCity, Manchester is home to the BBC and ITV, and is now the biggest purpose-built media hub in Europe, and was completed in 2008. The construction of this incredible facility has meant that the area has enjoyed a huge boost in tourism and its picturesque waterfront location near to attractions such as Old Trafford, The Lowry Theatre and the Imperial War Museum has made it a hub of activity. Trendy bars and restaurants now populate the large piazza and demand for property of all types is high.

This has lead to the development of four iconic towers, which have been designed with young, cosmopolitan residents in mind. The excellent location, transport connections and stunning views have made the towers an incredibly popular option.

Residential Development

The new found popularity of the area has driven the construction of a number of stunning residential developments. Media City has now released its final launch in the shape of Tower 4, which boasts 275 exceptional studios, one and two bed apartments and luxurious on-site amenities. The development has been designed to take in the breath-taking views of Salford Quays or panoramic city views. The beautiful architecture and in-built amenities provide the highest standard of luxury living.

Furnished to very high standards and offering waterfront views, the apartments within the tower offer fantastic buy-to-let investment opportunities thanks to predicted net yields of 6% from investments of less that £125,000. All of the previous towers have already sold out, and the Tower 4 is estimated to be completed in the final quarter of 2020.

The development is close to prime transport links allowing easy access to Manchester City Centre as well as Manchester Piccadilly train station. With lower living costs than those of London, as well as lower commercial and residential property prices, Salford property has seen vast numbers of young professionals flocking to the area. High-end rental accommodation is therefore greatly sought after by those looking to live and work in such an exciting and thriving area.

Media City Investment

Tower 4 currently has a range of one and two bedroom apartments available as well as a selection of studio apartments, offering investors a fantastic opportunity for property investment in Manchester. The studios measure 27 square metres and cost £124,950, whilst a 41 square metre one bedroom apartment is just £154,950 and a two bedroom apartment measuring 59 square metres costs just £204,950. 

Investors simply need to complete the reservation form and pay the reservation deposit before instructing solicitors. You will receive your legal documents and sales pack and will be required to pay 25% of the purchase price upon the exchange of contracts, which should take place within 21 days. A further 10% of the purchase price is then due six months into the development construction, with the remaining balance due upon completion of the development.

For more information on Media City, Manchester, please contact Hopwood House.