Property for sale in Adelphi Street Salford M3

Sale Price: £94,995

Adelphi Street Salford Manchester, M3 6EN

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Street Address

Adelphi Street Salford Manchester, M3 6EN

Property description

Located in Salford, bordering directly on Manchester City Centre, Adelphi Wharf is a £75million development comprising a total of 580 designer apartments ready for the investment market.

The first phase, set to be completed in August 2016, offers a mix of studio, 1, 2 and 3-bed apartments, plus limited number of town houses with prices starting at just £94,995. In addition to enabling residents to live life on the waterfront, the development will be situated just off Salford's new and enhanced Chapel Street, only minutes away from bus, tram and train stations, as well as Manchester's vibrant City Centre. 

F A Q'S

Am I buying as freehold or leasehold?  250 years leasehold

What is the address of the site? Adelphi Street, Salford M3 6EN

Are there tenants already in place? No, Adelphi Wharf is a new-build development, with the first phase ready to accept tenants in August 2016.

How much is the ground rent? Ground rent is £295 per annum

What are the projected annual returns on this project? Returns of circa 6% are assured for the first year from completion of your apartment

When is my rental income paid? Quarterly in arrears, direct into your bank account from completion

Is there a management company in place? Yes, the designated management company will be Fortis Lettings & Management, who will block manage and let the building

Are there any restrictions if I want to sell? No, Adelphi Wharf is a residential development so you are free to sell your apartment on the open market

 

INVESTMENT HIGHLIGHTS

Minimum returns of 6% NET

Yields assured for 1 year

10 minutes walk to central Manchester

Chronic undersupply of housing in Manchester and Salford

BUILT BY AN EXPERIENCED DEVELOPER - FORTIS DEVELOPMENTS

Adelphi Wharf is Fortis Development's 18th launch in partnership with Knight Knox International

Over 1700 apartments launched

Built with 10 year Premier Guarantee

 

PROFESSIONAL MANAGEMENT COMPANY ALREADY IN PLACE

Fortis Lettings & Management Ltd, currently managing 903 apartments across the UK.

Experienced managing agent ensures a completely hands-off investment


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Property Features :

  • Stunning New Build Designer Apartments
  • Choice of Studios, 1,2 & 3 Bed Apartments and a Selection of Townhouses
  • Great Location
  • 250 Year Lease
  • Return Returns assured at a Minimum of 6% for the First Year
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