United Kingdom , Manchester , Salford
£303,000 GBP to £320,000 GBP
Unit Sizes: 74 SQM.
Leasehold - 250 Years
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Uptown Riverside – Project Overview
Welcome to Uptown, premium riverside apartments situated on the banks of Manchester’s River Irwell. Uptown delivers the convenience of city living from a stylish waterfront location. The development comprises of 156 one and two bedroom apartments, with opulent interiors and large communal and private rooftop terraces.
Uptown’s suave, geometric architectural design marries together both contemporary and industrial styles. The development comprises of three buildings that rise to different heights creating a high impact, staggered impression on the landscape. Ascending communal and private rooftop terraces mirror the form of a green river bank gradually sloping away from Manchester’s River Irwell. Adjacent to Uptown sits a premium townhouse development, comprising of a number of stylish individual and privately owned homes. Surrounding tree lined avenues and open and communal gardens provide an aesthetic and stylish neighborhood. A hip and happening, affluent community is rising on the banks of the River Irwell, just steps away from the heart of city life.
Uptown is home to 156 luxury one and two bedroom apartments. Floor to ceiling windows flood the apartments with natural light and clever, modern design creates well thought out, stylish living spaces. A unique blend of high class materials and appliances ensure that each Uptown apartment has been created and finished to the very highest of standards.
Uptown is the epitome of modern city living. Inside luxury interior design oozes style and
sophistication, whilst outside exclusive, private and communal, recreational spaces await. The unique rooftop garden terraces, resident’s gymnasium and riverside bike stores, provide fantastic leisure opportunities. The Uptown community will be poised ready to balance fast paced city life and waterside calm.
3 minutes to Victoria
6 minutes to Arndale Centre
6 minutes to Deansgate
8 minutes to Spinningfields
11 minutes to Town Hall
12 minutes to Northern Quarter
12 minutes to St Peters Square
All by River side walk
A celebration of two exceptional minds: Manchester is the birthplace of nuclear physics, with Ernest Rutherford splitting the atom, while John Dalton, cemented his status as the father of modern chemistry. His devotion to atomic theory was the precursor of all modern chemistry, his lectures on meteorology turned the study of weather into an enthralling science.
Named to acknowledge the great work of mathematical genius and the father of the modern computer Alan Turing, this groundbreaking work was conducted at the University of Manchester and it was here, he constructed the world’s first modern computer, called the Manchester Mark 1, laying the foundations for technological progression. Alan Turing pioneered artificial intelligence during his time at the University and advances in technology have been in freefall ever since. Manchester is still at the forefront of the digital revolution, home to the second largest tech scene in Europe.
Manchester is the centre of a new revolution: Graphene. Founded in the physics department at the University of Manchester, in 2010 the founding scientists were awarded the Nobel Prize for physics, following the discovery of the first ever man made material in two dimensions. Lightweight, super-strong and highly conductive, graphene has almost limitless potential. This new wonder-material
will transform technologies in every walk of life, from solar power and fuel cells, to flat-screen devices and disease detection.
All in all, Uptown Riverside represents both a unique investment opportunity and a great place to live.
- 24-hour security
- Childrens play area
- Internet / wifi
- Meeting rooms
- Roof Top Terrace
- TV Cable
- Washer / Dryer
- Parking Availability: Yes
Development Pricing Guide
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UPTOWN RIVERSIDE – INVESTMENT OVERVIEW
Key Points of the Investment
- Projected 6% rental yield, expected to grow 3% every year
- 3% annual capital growth
- Cost of Finance well below the projected Yields.
- Invest from 342,000 GBP
- Key Location and Manchester Fundamentals.
- Prime Riverside Location only 10 Minutes Walk to Manchester CBD
- UK Fundamentals of undersupply and huge Population increase by 2031
Manchester has seen unprecedented growth and the good news is it doesn’t look like cooling down anytime soon. Some of the key factors are
- Huge economic boom in Manchester driven by government and private investment
- Higher business creation than London, housing 80 out of FTSE100 companies
- Population growth 3x higher than UK average
- 85% of city centre residents are renting
- Forecasted to face 28% capital growth over next 4 years – 15% higher than UK average.
The UK fundamentals are also very strong with the population set to rise by 10% by 2031 and there is already a huge shortage of housing.
There are many reasons but the obvious combination of putting one of the best Manchester Developers with one of the best locations and Manchester property growth is pretty much a winning combination. Uptown itself is only 10 minutes’ walk from Manchester CBD and the new UK Amazon offices it’s pretty clear to see why there will be huge demand for the project.
The project yields and property growth and the low cost of finance allow property investors to make substantial gains and returns from this project with 46% ROI over 5 years, see example below:
3% Capital Growth PA for 5 Years
157,320 (46% ROI)
Financing Options below Yield
As an overseas investor you can reasonably expect to achieve Loan to Value of 70% and an interest only rate of 3.5%. This will enable you to gear your property assets to own 3 units instead of one.
Simple example below:
Property value 100,000
Yearly rental income
Yearly cost of Finance
So you haven’t used all your capital i.e. only 30% thus allowing you to Acquire 3 units not one.
Also over a 5 Year period you would expect the asset to grow to 116,000 with compound growth leaving the net value of your asset at 46,000 but you have only invested 30,000. You then add back the net income of 17.500 and the total return is 63,500 over 200% ROI in 5 years at over 40% PA.
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About the developer
Alliance Developments UK
Founded on three decades of developing, selling and managing UK property