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