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£800m regeneration of central Manchester – NOMA

Posted by: In: Real Estate 13 Nov 2014 Comments: 0 Tags: , , , , , , , , , , ,

Capital growth figures in Manchester outstripped London in 2013 according to Nationwide, the building society. The annual growth rate of twenty one percent (21%) was achieved and it seems hard to repeat. However, when one considers the £800 million pound rejuvenation of central Manchester, attractive growth rates are bound to continue.

The particular area of redevelopment is located only 6 minutes walk from Victoria Station. Known as NOMA, it is a 20-acre regeneration of urban land owned by The Co-operative Group and Hermes Real Estate.

With both beautiful heritage buildings and state-of the-art new structures, NOMA encapsulates the rich history of the city as well as the new focus of a digital economy. Federation House was transformed from a bank head office into New Art Spaces and the flagship of the Castlefield Gallery.

Iconic new developments are being built to accommodate the swelling demand from under thirty five year olds who work and live in Manchester.

The Angelgate, Manchester buy-to-let property is an original and inspiring development by Pinnacle MC Global. Comprised of 344 luxury apartments in a highly desirable location that will boast views of the Northern Quarter and City Scape.

One bedroom apartments start from £98,298 and two bed apartments at £128,706 with a developer payment plan stretching to March 2017.

“An impressive investment opportunity is within one’s reach”, says One Touch Investment Director, Arran Kerkvliet. “Pre-launch prices offer the incentive of interest of up to six and a half per cent (6.5%) on monies paid during construction”

“The additional peace of mind is provided with a two year income guarantee of seven per cent (7%) income upon completion”, says Julie Harvey of Pinnacle.

According to the latest research from Totally Money: Manchester Ranks 4th in terms of rental yields on buy-to-let property.

Housing supply at a 100 year low: 2013 was the lowest level of house building since 1920s – leading to extreme shortage. 29% of Manchester tenants are 27 years of age and they will be buying property in years to come – thereby driving up demand. With supply being so low, prices are set to rise dramatically.

There are more single person households; the demands of the global economy in terms of workplace mobility and a lack of affordability further exacerbating the housing shortage.

Manchester’s potential has already been identified 65 of the FTSE 100 companies now having a presence in Greater Manchester.

Job created by the inward investment in the NOMA regeneration zone through new business and leisure spaces are captivating reasons for outstanding occupancy rates and long-term security of income for investors.

For further information regarding the Angelgate, Manchester Development contact: One Touch Property +44 203 638 5035 or [email protected]

UK, Property Development

Source: The Movechannel


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