X

Thinking of

Selling

or

Letting

Your Property

Get your FREE market appraisal
For Sale 3 Bedrooms 2 Bathrooms 1 Reception From £419,285

Oldham Road, Manchester, M40 - From £419,285

  • INVESTMENT OPPORTUNITY
  • 3 Bedroom Penthouses From £419,285
  • 8% NET Returns PA Assured For 5 Years
  • Option To Self Manage And Achieve Yearly Yeilds Of 12%
  • Exit Strategy 125% After 5 Years
  • Completion Q1 2018

HiLUX MANCHERSTER | 3 BEDROOM PENTHOUSE

Luxurious residential apartments, fully furnished and centrally located in the UK's second largest and fastest growing economy, with 86 basement parking, landscaping, retail shops, and children's play area on the ground floor. It offers 5* amenities and facilities that no other development can match including:

o 24-hour Concierge Services
Dry cleaning / laundry collection services
Bookings/Reservations, city advice for guests
Deliveries (parcels, food, grocery) to residents' doors

o Swimming pool, Gymnasium, Sauna & Jacuzzi

o Roof-top terrace garden

o Children's play area

o Weekly housekeeping

o Majority of the apartments come with a balcony

o Secure underground car parking (for sale for £20,000) with valet parking

o Cycle parking

INVESTMENT HIGHLIGHTS

o 8% NET returns p.a. assured for 5 years

o Rental backed up by insurance

o The option to self manage and achieve yearly yields of 12%

o Exit Strategy offered at 125% after 5 years

o 7 nights free stay every year, without any impact on the rentals returns

o Earn 26% capital appreciation in the next 5 years

o Manchester: UK's no.1 Property Investment city in the UK

o First 6 months rental paid in advance within 45 days of completion

o Service Charge £1250 p.a.

o Ground Rent £2 per sq.ft. p.a.

PAYMENT PLAN

o £5000 reservation fee

o 25% upon exchange of contracts 25% June 2017

o Balance upon completion (Q1 2018)

116 luxury apartments and penthouses equipped with contemporary fittings and style (with leading brands including Samsung & Smeg appliances), HiLux's luxurious apartments offer exquisite contemporary living, with a focus on quality and fine attention to detail. Investors are offered a choice of interior designs whilst full-height windows offer an abundance of natural light.This 10 storeys development features roof top garden facing the city, offering unrivalled views and sunsets. Generous storage, car parking provision, children's play area, retail outlets and restaurant/bar are some of the added features.

LOCAL AMENITIES

o Metrolink Station:
Newton Heath and Moston - 5 mins
Victoria Station - 10 mins, two stations away from Netwon Health and Moston

o Football:
Etihad Stadium (home to Man. City) - 8 mins
Old Trafford Stadium (home to Man United) - 24 mins National Football Museum - 10 mins

o Tourist Attractions:
Manchester Cathedral - 19 mins
Manchester Craft & Design Centre - 10 mins Piccadilly Garden - 12 mins
Manchester Town Hall - 20 mins
Manchester Central Convention Complex - 20 mins Manchester Chinatown - 13 mins

o Financial district / Media City UK:
Spinngfield (financial district) - 17 mins
Media City UK (new home to BBC) - 19 mins

o Educational institution:
University of Manchester - 15 mins
Manchester Metropolitan University - 16 mins
The Manchester College - 15 mins
National Computing Centre - 28 mins

o Schools:
All Saints C of E Primary School - 3mins
Spring Brook Upper School - 5 mins

OCCUPATION OPTIONS:

1) Owner occupation

2) Self manage or let out using a third party agent

3) Sublease to designated management company for assured rental returns
- 8% NET returns assured p.a. for 5 years


...Read Less

The Stamp Duty for this property would be £10,964    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above 125,000 and up to 250,000 2 £ 2,500
Above 250,000 and up to 925,000 5 £8,464
Above 925,000 and up to 1,500,000 10 £0
Above 1,500,000+ 12> £ 0
*This is for illustrative purposes only

Recalculate Stamp Duty Amount

Arrange a Viewing

floorplan
Back to Top
Back to Top
Back to Top