Manchester Waters - Pomona Island Residential Development
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Manchester Waters - Riverside Community in Pomona Island, Manchester
500 apartments will be delivered over 5 phases. The development is proving so popular that phase one and two are already fully sold out.
Manchester Waters will compose of studio, one, two, and three-bedroom apartments with stunning views across the waterfront. Prices are 20% less than North Manchester and Salford, allowing for capital growth and good rental yields.
Key Figures
£124,995Starting Price
6%Net Yield
Q4 2022Completion Date
Investment Details
About Manchester Waters, Pomona Island Residential Development"
Manchester Waters is a waterfront development within the dockland area of Pomona Island. Pomona Island is one of the closest areas to central Manchester that has yet to be regenerated. This first step will allow investors to benefit from projected capital growth in the area.
Residents will have the opportunity to make use of the onsite cinema room and gym. Each apartment will also be furnished to a high standard with chrome fixtures and fittings, spacious layouts and riverside views.
Two Metrolink stops are within a five-minute walk, so residents can travel around easily. Apartments will be spacious and bright, tailored towards high end living. Due to the appealing nature of the apartments and convenient location, we anticipate good occupancy rates, and a 6% yield can be achieved.
The Numbers
Ground Rent:£395
Number of Units:190
Service Charge:£1.79 per sq ft per annum
Prices:Studios from £124,995. One bedroom apartments from £149,995, two bedroom apartments from £179,995, three bedroom apartments from £234,995
Leasehold:240
Onsite cinema room and gym Communal entrance Refuse chutes on each floor
High quality shower fittings with chrome furnishings Washer / dryer facilities in all apartments Heated electric towel rail
Vinyl wood strip flooring in all apartments Fully-fitted, modern kitchens with integrated appliances, base units and worktops
- £5000 reservation deposit
- 25% of purchase price (less reservation deposit) and 100% of furniture pack payable within 21 days of exchange of contract
- 10% purchase price payable 6 months after exchange of contract
- Remaining balance upon completion
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