Introducing The Forum, Manchester, a new development located in the Victoria North area that offers an exciting investment opportunity just a short 15-minute walk away from the city center. Developed by MPH Ancoats Limited/CERT, this 5-story building with 90 units (including 1 and 2-bedroom townhouses) offers a 6% projected yield and 6% gross rental assurance for the first year post-legal completion. The development is managed by CERT Life and offers a 250-year leasehold with no ground rent.
Located near the Northern Gateway Regeneration project, The Forum is in a prime location for capital appreciation potential in the medium to long term. With 53 parking spaces, 128 bike spaces, and ultrafast pre-wired broadband, the development provides great facilities for its tenants, who are expected to be young professionals and starter families.
With prices starting from £194,000, The Forum is a great alternative investment opportunity to traditional Manchester city center or Salford Quays investments. The area is less developed compared to other parts of the city, providing less competition and higher demand for rentals. As a result, investors can expect to see long-term capital appreciation with minimal void periods.
Nearby facilities include popular bars and restaurants such as Rudy’s Pizza, Ancoats Coffee, and Pull Up. Transport links are also convenient, with a bus stop located directly outside the development. Additionally, prospective tenants can benefit from discounts at the on-site cafe and access to the gym and serviced offices of the developer located in Ancoats.
In summary, The Forum is a well-positioned and promising investment opportunity that takes advantage of the city’s largest regeneration project while providing tenants with a comfortable and modern living experience.
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