X1 SALFORD QUAYS PHASE 3 MANCHESTER
MediaCityUK, Salford Quays
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X1 SALFORD QUAYS PHASE 3 SALFORD QUAYS
Following the selling out of X1 Salford Quays Phase 2 in a record 30 days, the third phase has been launched in response to high demand from investors.
Comprising a mix of one and two bed apartments over five floors, X1 Salford Quays Phase 3 will hope to mirror the success of the previous two phases launched in the area.
A high number of clients have already registered their interest on hearing about the launch of the third phase and we expect demand to be high for the 60 units.
Phase 3 is located in the constantly growing area of Salford Quays, which now houses the BBC and ITV at the new ÂŁ1bn MediaCityUK site.
The development of MediaCityUK, amongst other things, has caused the area’s popularity to sky-rocket, with over 2.8 million visitors journeying to the waterfront in 2012.
The creation of the digital hub has also positively impacted on local house prices, which rose faster than anywhere in Britain, outside of London, in January 2013.
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CGI representation of X1 Salford Quays Phase 3
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DEVELOPMENT LAUNCHED
These rising house prices reflect the increasing number of people moving to the area. These people are swarming to the Quays because of its unique location, which sees it lie within minutes of a number of businesses within Salford Quays and Manchester City Centre, which lies just a five minute drive away.
As seen by the popularity of Phase I and Phase 2, investors are increasingly purchasing rental property in Salford Quays due to its new-found popularity amongst young professionals.
X1 SALFORD QUAYS PHASE 1 Completed and 100% let
X1 Salford Quays Phase 1
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Phase 1 was an indisputable success being fully tenanted and completed, while phase 2 proved extremely popular due to the success of the earlier phase, with investors snapping up all the apartments in the space of just one short month.
X1 SALFORD QUAYS PHASE 2 In Construction!
X1 Salford Quays Phase 2
SALFORD QUAYS
Home to the former Salford Docks, Salford Quays has grown phenomenally over the past decade to become a vibrant, trendy suburb that is experiencing a property boom due to the vast amount of regeneration taking place in the area.
The arrival of the BBC to MediaCityUK in 2011 thrust the area into the spotlight, attracting a multitude of businesses, restaurants and cafes, in addition to the University of Salford’s media suite and a host of production companies.
The past couple of years have seen house prices continue to rise, as an influx of young professionals and students move into the area, attracted by its accessibility to the city centre and the wide range of facilities and amenities available in the local area.
MediaCityUK & The Lowry Theatre, Salford Quays
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Property prices in Salford have recorded the fastest rise in Britain, outside of London Land Registry 2014
Salford Quays in numbers Population : 233,900 Average House Price: ÂŁ133,049 Average Apartment Price: ÂŁ112,124
Piccadilly Gardens, Manchester The Lowry Hotel, Manchester
MANCHESTER
THE UK’S SECOND CITY
Identifed as the
The third largest economy in the UK, Manchester is the most popular destination in England outside of London, attracting almost 1 million visitors to its streets in 2013. Lured in by its famous music scene, shopping, nightlife and sporting venues, the city also boasts the UK’s largest student population, with just under 100,000 students descending annually to study at its renowned institutions.
Recently identified by HSBC as the ‘Second Best Buy-to-Let Hotspot’ in the UK, Manchester has been lauded as one of the few cities to push forward on construction projects that aim to alleviate the strain on local housing.
As the rental market continues to gain momentum, new-build projects like X1 Salford Quays Phase 3 are certain to attract attention from both potential residents and investors.
“2nd best buy-to-let hotspot” Zoopla, 2014
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Manchester in numbers Population : 502,900 Average House Price: ÂŁ146,798 Average Apartment Price: ÂŁ136,881
LOCATION INFORMATION MANCHESTER DESTINATIONS Distance to walk
Distance to drive
1. Exchange Quay Tram Station
3 minutes
8. Deansgate 18 minutes
2. Salford Quays Tram Station
3 minutes
9. Trafford Centre
20 minutes
3. The Lowry Outlet Mall
5 minutes
10. Manchester Victoria Train Station
21 minutes
4. The Lowry Theatre
6 minutes
11. Manchester Arndale
21 minutes
5. Old Trafford
10 minutes
12. Piccadilly Train Station
22 minutes
6. MediaCityUK 11 minutes 7. The Imperial War Museum
16 minutes
SQ3 6 4
2
3
7
1
5
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10
11
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CGI internal representation of X1 Salford Quays Phase 3
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INVESTMENT SCENARIO FINANCIAL BREAKDOWN
Following the selling out of X1 Salford Quays Phase 2 in a record one month, the third phase has been launched in response to high demand from investors.
Comprising a mix of one and two bed apartments over five floors, X1 Salford Quays Phase 3 will hope to the mirror the success of the previous two phases launched in the area.
Investment options for this development are:
1-bedroom apartments 1-bedroom apartments (Penthouse) 2-bedroom apartments 2-bedroom apartments (Penthouse with parking)
Financial projection of 2-bed apartment* (Purchase Price £117,500)
Est. Monthly Rent Est. Annual Rent Est. Maintenance fee Est. Management fee (8%) Est. Ground rent Est. NET income Est. NET yield
Priced at £97,500 Priced at £105,000 Priced at £117,500 Priced at £137,000
£750 £9,000 £1,159 £720 £250 £6,871 5.8%
All figiures are based on forecasts provided by the developer, are indicative only and are subject to change. Any financial information provided iin this document are intended as a guide and does not constitute a contract.
INTERNAL SPECIFICATIONS X1 SALFORD QUAYS PHASE 3
General Interior • Fitted carpets in lounge and bedroom areas • High quality flooring to high traffic and wet areas - hallways, kitchen, dining areas and bathrooms • Recessed ceiling mounted LED lighting • Furniture pack provided
Kitchen Area • High quality contemporary fitted kitchen units with stainless steel fittings • LED cabinet lighting to worktops • Fitted appliances-hob, oven, extractor hood.
Bathrooms • Premium sanitary ware • Main bathrooms - WC, hand basin, 1500mm bath with overhead shower and folding screen • Full tilling in bathroom areas • En-suite bathrooms with WC, hand basin with mirror and shower cubicle
External & Communal Areas • • • • •
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Secure enviroment - fully gated community with electronic access control Access intercom and cameras Secure gated external car park (available at an additional cost) CCTV to car park, external grounds and internal communal areas Landscaped external areas
All specifications are based on concepts provided by the developer, are indicative only and are subject to change
CGI internal representation of X1 Salford Quays Phase 3
2-bedroom apartments Prices from
ÂŁ117,500
NET yield from 6% Sizes from
626 sqft
FLOOR PLANS
X1 SALFORD QUAYS PHASE 3
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All plans are based on concepts provided by the developer, are indicative only and are subject to change
1-bedroom apartments Prices from
ÂŁ97,500
NET yield from 5.8% Sizes from
436 sqft
CGI internal representation of X1 Salford Quays Phase 3
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FREQUENTLY ASKED QUESTIONS WHAT YOU NEED TO KNOW
Am I buying as freehold or leasehold? 135 years leasehold
What is the address of the site? X1 Salford Quays Phase 3, Elmira Way, Salford, Manchester, M5 3DA
Are these apartments completed? No. This is a new-build development which will be furnished to the highest of standards and will be ready to accept residents from Q1 2016
What are the projected annual returns? Returns of up to 6% NET are assured for the first year
Can I recieve finance on this development? There is currently no finace offered by the developer
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 X1 Lettings
Can I resell my unit? Yes, you can sell at any time after exchange of contracts
Are there any restrictions if I want to sell? No, X1 Salford Quays Phase 3 is a residential development, so you are free to sell your unit on the open market
100% LET!
IN CONSTRUCTION!
X1 DEVELOPMENTS DEVELOPER PROFILE X1 ARNDALE HOUSE
X1 CHAPEL STREET
LIVERPOOL X1 Developments is an investment company based in the heart of Liverpool, which meets the needs of UK and overseas investors looking for an organisation that offers exceptionally high quality investments, which have been selected and overseen by individuals who have unrivalled knowledge, experience and background in the product, market sector and location.
Not only does X1 Developments offer an exciting portfolio of real estate investments, but it also offers a followthrough service via its sister company X1 Lettings, which carries the same high level of expertise in order to manage and protect our clients long term investments.
MANCHESTER
• PRICES FROM £49,950
• PRICES FROM £54,950
• 8% NET assured for 5 years
• 8% NET assured for 3 years
• 160 double en-suite rooms
• 90 en-suite rooms & 3 en-suite studios
100% LET!
IN CONSTRUCTION!
X1 Developments is THE Company for anyone looking to invest in Liverpool & throughout the U.K., with a track record of past developments which speaks for itself.
X1 SALFORD QUAYS, PHASE 1
Web: www.x1developments.com
Tel: +44 (0)151 559 3333
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MANCHESTER
X1 SALFORD QUAYS, PHASE 2 MANCHESTER
• PRICES FROM £85,000
• PRICES FROM £87,500
• 6% NET assured for 5 years
• 6% NET assured for 5 years
• 60x 1 and 2-bedroom apartments
• 60x 1 and 2-bedroom apartments
IN CONSTRUCTION!
75% SOLD OUT!
X1 TOWN HALL
IN CONSTRUCTION!
X1 THE EXCHANGE
MANCHESTER
MANCHESTER
X1 THE EDGE LIVERPOOL
• PRICES FROM £84,950
• PRICES FROM £97,500
• PRICES FROM £54,950
• 6% NET assured for 5 years
• 6% NET assured for 1 year
• 8% NET assured for 5 years
• 122 double-bed apartments
• 140 high-end apartments
• 231 double en-suite rooms
100% LET
COMPLETION SEPT 2014
THE GALLERY AT X1 THE QUARTER
THE COURTYARD AT X1 THE QUARTER
LIVERPOOL
50% SOLD OUT!
THE STUDIOS AT X1 THE QUARTER
LIVERPOOL
LIVERPOOL
• PRICES FROM £94,950
• PRICES FROM £89,950
• PRICES FROM £64,950
• 6% NET assured for 5 years
• 6% NET assured for 5 years
• 7% NET assured for 5 years
• 111 fully-furnished apartments & 3-bed townhouses
• 77 1, 2 and 3-bedroom apartments
• 221 fully-furnished studios
CGI internal representation of X1 Salford Quays Phase 3
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WHAT DO I DO NEXT? THE PURCHASE PROCESS
Investing through in X1 Salford Quays Phase 3 is a quick and easy process, simply:
Speak to a Property Consultant and choose your apartment
Complete the reservation form and pay the deposit
Solicitor instructed, legal documents and sales pack sent out
25% payable within 21 days, upon exchange of contracts (less the reservation fee) *
Remaining balance due upon completion
*Contracts need to be exchanged within 21 days of reservation/planning approval
Contact a property consultant today to reserve the best unit!
The information contained within this document is intended as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending investor must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing.
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