Overview

Osborne Yard is one of the first developments located in the heart of Manchester City Councils £4.5 billion Victoria North master plan nestled in the centre of the 155 hectors to the north of Manchester city centre between Victoria Station, Noma and the Northern Quarter with Facilities for the modern tenant and family with co-working spaces, residents lounge

Why Manchester?

• A total population of 2.73 million people with a population growth of 7.7% which shows there is a clear demand for Manchester property
• The Manchester economy is over a total of £34 Billion with companies such as Mircosoft, Kellogs, BBC, Adidas and many more residing in the city
• Manchester is a great place for property investors as the average prices are around 25% cheaper than the national average and 45% of those in London
• More than 100,000 students within Manchester making it the biggest student population in Europe, the city also boast the largest retention rate of students for any University City in Europe meaning young professionals looking to rent.
• Manchester is set to see some of the highest average property price increases in the UK which will grow to 18.8% by 2026 making it great for capital appreciation

Development Key Highlights:

• The development is strategically located with excellent potential for rental and capital increases
• Easy access to Ancoats, the Northern Quarter, City Centre
• 90 spacious apartments & 2 communal gardens
• Superb specification, floor to ceiling windows, high ceilings, and large sizes
• Parking available subject to availability
• Facilities for the modern tenant and family with co-working spaces, residents lounge, bike storage and ultra fast broadband included
• Projected Completion Q2 2025 

Unit Details:

• Unit Number: 304
• Floor: 3 
• Type: 1 Bedroom
• Size: 448 Sq. Ft.
• Gross Yield: 5%
• Net Yield (4.4%): £8,880
• Service Charge: £1,120 per annum (£2.50 per sq ft)

Unit Payment Structure:

• Unit Price: £200,000
• Reservation Fee: £2,000
• Deposit (20%, minus reservation fee): £38,000
• Completion Balance (80%): £160,000