New flats promising investors 7% income launched in Manchester city centre

A new off-plan development of 64 high end flats located in the heart of Manchester city centre has been launched onto the market, as part of the city’s £800m NOMA regeneration project.

Spanning nine floors, each of the one and two-bedroom flats, designed to a high specification, are being built for the private rented sector and will offer buy-to-let landlords gross rental yields of up to 7% once completed and tenanted, according the estate agent marketing the scheme, Assetz Property.

The development will be located a short walk from both Victoria train station and the Shudehill Interchange MetroLink which is sure to appeal to those searching for a property in the heart of the city or busy commuters.

With many of the two-bedroom flats set to generate a monthly rental income of up to £1,300, this development is likely to attract some buy-to-let landlords looking to the north for their next property investment if the numbers do indeed add up.

Stuart Law, CEO of Assetz Property, commented: “With the Bank of England cutting interest rates to 0.25%, now is the time for investors to concentrate on investing for high yields and what better place to start than North Central, where gross rental yields reach 7%?

“Investors would be buying off-plan but that should not deter them. At Assetz we carry out thorough due diligence, ensuring the developer is not only the owner of the land, but they also have finance in place to build the development and suitable experience.”

The new development will be located a short walk from both Victoria train station and the Shudehill Interchange MetroLink which is sure to appeal to those searching for a property in the   heart of the city or busy   commuters.

Gross rental yields on these homes reach up to 7%, with many of the two bedroom apartments generating a monthly rental income of £1,300, a fantastic opportunity for buy-to-let landlords looking to the north for their next investment.

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