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The future of premium waterside living
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Strategic Waters & Manchester Waters
Why invest in X1 Manchester Waters Phase 2
Development Amenities
See how X1 Manchester Waters Phase 2 fits into the bigger picture of the multi-million-pound Strategic Waters scheme
X1 Manchester Waters Phase 2 will set the standard in prime city living against a tranquil waterfront backdrop
The wider X1 Manchester Waters scheme will consist of more than 500 apartments, and will provide tenants with state-of-the-art facilities
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Development Overview
Development Floor Plans
The Greater Manchester Market
X1 Manchester Waters Phase 2 will sit perfectly against the backdrop of Pomona Island close to Manchester City Centre
Take a look inside X1 Manchester Waters Phase 2 to see examples of the development’s studio, 1, 2 and 3-bedroom apartments
The UK’s unoffical “second city” (and Capital of the Northern Powerhouse) has a dynamic and buoyant buy-to-let market
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The Regeneration of Manchester
Developer Profile
Manchester has evolved significantly in recent years, with multi-million-pound investments happening all over the city
Award-winning UK developer X1 are specialists in the provision of high-end developments on the rental market
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Key Outline approval granted
S T R AT E G I C WAT E R S
Masterplan approved
TRAFFORD WATERS
3,000
T H E C R E AT I O N O F S U S TA I N A B L E E N V I R O N M E N T S GLASGOW HARBOUR The Strategic Waters initiative is made up of seven sites which offer unique development opportunities on the stunning coastlines, canals, docklands and waterways of the UK. These sites have room for 30,000 new homes and the completed developments will revitalise some of the most underutilised areas in the UK. The regeneration will breathe new life into former industrial areas, respecting their heritage whilst updating them for the needs of the 21st century. This large scale regeneration is a long term commitment and will take place over the next three decades to provide improvements to the local infrastructure, environment and public domain. The developments themselves will not only offer new residential space; there will also be new commercial, cultural, educational and leisure opportunities on offer to residents, with the intention of creating a real community rather than just a set of new homes. The Strategic Waters sites will provide a total of 30,000 new homes as far afield as Glasgow, Manchester and Chatham, but all are linked by the same design ethos and the desire to plan for the future and redevelop areas which have previously been left behind. Knight Knox and X1 are heavily involved in four phases of Strategic Waters – Manchester Waters, Trafford Waters, MediaCityUK and Chatham Waters.
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1,400
Coming Soon
MEDIACITYUK
2,000 Phases 1 - 4 will comprise 1,100 apartments LIVERPOOL WATERS
10,000 WIRRAL WATERS
13,500
MANCHESTER WATERS
2,000 Phases 1 & 2 will comprise 546 apartments
CHATHAM WATERS
1,000 Phase 1 will comprise 200 apartments
MANCHESTER WAT E R S
SALFORD CITY CENTRE
CORNBROOK TRAM STOP
A N E W C I T Y G AT E W A Y Manchester Waters is the regeneration of the 26 acres of dockland on Pomona Island, one of the last remaining large-scale regeneration opportunities available this close to Manchester city centre. The site has magnificent waterfront views over the Manchester Ship Canal, which will become a stunning backdrop to the new development.
The development of Manchester Waters and the adjacent Cornbrook Hub will create a new destination, offering the highest-quality urban living conditions in one of the UK’s most exciting cities. Pomona Island is the gateway to the city of Manchester, and this development is sure to be extremely popular with residents looking for high quality rental accommodation in a location which is close to the city centre but remains a tranquil retreat.
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X1 Manchester Waters Phase 2 will be the 33rd joint venture project from Knight Knox and X1, and the 20th in Manchester. X1 MANCHESTER WATERS PHASE 2
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X1 MANCHESTER WATERS PHASE 1
New homes will be provided by the overall Manchester Waters scheme X1 MANCHESTER WATERS PHASE 2 5.
WHY INVEST IN
X 1 M A N C H E S T E R W AT E R S P H A S E 2 ? Stunning views over the waterfront
Walking distance to Manchester city centre
Two Metrolink tram stops located within a 5 minute walk Built and managed by award-winning developer X1
Old Trafford football stadium is approximately 10 minutes away from the site Located in an extremely strong rental market
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Manchester Waters is one of the last remaining large-scale regeneration opportunities located close to the heart of the city centre, benefitting from extensive waterfront views Peel Holdings, 2017
Facilities at X1 Manchester Waters Phase 2: Private residents’ gymnasium
Cinema room
Purchase Process: Step 1 Speak to your designated property consultant Step 2
Secure parking on selected units
Communal space
Secure entry system
Bicycle storage
Choose your apartment and pay the deposit Step 3 Both sets of solicitors are instructed, and legal documents and sales pack are sent out to you Step 4 25% of the balance is payable on exchange of contracts plus 50% of furniture pack Step 5
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10% due 6 months after exchange of contracts (50% of furniture packs to be paid at this stage) Step 6 Remaining balance payable on completion of the development
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X1 MANCHESTER WAT E R S THE FUTURE OF PREMIUM W AT E R S I D E L I V I N G X1 Manchester Waters is a residential development located close to the centre of the UK’s ‘second city’ of Manchester. The development is set to be the perfect tenant retreat, overlooking the tranquil waterfront whilst being near Manchester’s vibrant city centre, offering tenants the best of both worlds. This outstanding development is comprised of five phases and a total of more than 500 apartments, which will be furnished to the highest standard. Ranging from spacious studios to high-end three-beds, most apartments will benefit from the spectacular view of the waterfront. X1 Manchester Waters is the perfect place for residents to relax and unwind, with the addition of a residential cinema room to allow residents to socialise.
500+
Stunning apartments at X1 Manchester Waters
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The location of X1 Manchester Waters is truly unparalleled. With two Metrolink stops located within a 5-minute walk, residents are able to reach Manchester’s city centre with ease, and enjoy everything ‘the Capital of the North’ has to offer. Additionally, residents are also just a short journey away from major tourist destinations like intu Trafford Centre and MediaCityUK. Developed by award-winning developer X1, X1 Manchester Waters is a great long term investment, as Manchester is one of UK’s strongest regional economies and is forecast to grow faster than any other Northern city.
Development specification: As the luxury, comfort and convenience of tenants is of the utmost importance, all apartments are fully furnished with the highest quality fixtures and fittings, including a modern fitted kitchen and contemporary bathroom suites. In addition, X1 Manchester Waters will provide a wide range of superb amenities that perfectly befits modern 21st century living, such as a fully-equipped on-site private gymnasium, a state-of-the-art cinema room, secure car parking and bicycle storage, as well as lift access to all floors.
28.2%
Property prices in Manchester are expected to grow 28.2% over the next 5 years
JLL, 2017
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DEVELOPMENT OV ERV I EW
X 1 M A N C H E S T E R W AT E R S P H A S E 2 X1 Manchester Waters will occupy the south-western portion of the wider 26-acre Manchester Waters scheme, and will consist of buildings that will perfectly encapsulate modern waterfront living.
Key Phase 1 - Blocks A + B Phase 2 - Blocks C + D + E KB
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X1 Manchester Waters will exist alongside other “modern multi-tenure developments”, built in accordance with Peel Holdings’ overall masterplan for the area. When complete, X1 Manchester Waters will contribute greatly to Peel’s vision to reinvigorate the area and create a modern gateway to Manchester city centre.
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Following the overwhelmingly positive reception of X1 Manchester Waters Phase 1 which comprised Blocks A and B, we are excited to release to market the final phase which consists of Blocks C, D and E.
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LAND FOR DEVELOPMENT
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Frequently Asked Questions:
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Am I buying leasehold or freehold? 240 years leasehold What is the address of the site? X1 Manchester Waters, Stretford, Manchester, M15 4WD
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Are there tenants already in place?
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How much is ground rent?
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No, X1 Manchester Waters is a new-build development
Ground rent is ÂŁ395 per annum Living Area
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Is there a designated management company in place?
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Yes, the designated management Balcony company for X1 Manchester Waters will be X1 Lettings, who will block manage the buildings on your behalf.
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S T U D I O A PA R T M E N T S Living/dedroom area
Average apartment size 26.6sqm (286.9sqft) X1 Manchester Waters Phase 2’s selection of high-end studio apartments will be spacious with plenty of natural light, and will consist of a high-end living, dining and kitchen space, as well as a fitted bathroom suite.
Kitchen area Bathroom
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X1 Manchester Waters Phase 2 Example floor plan
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* All plans are based on concepts provided by the developer, are indicative only and are subject to change
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O N E B E D R OO M A PA R T M E N T S Kitchen area
Average apartment size 49.0sqm (527.4sqft) Bathroom
The array of one-bedroom apartments on offer at X1 Manchester Waters Phase 2 will contain a living room (complete with 40� LG TV), a fully-fitted kitchen and dining area, a spacious double bedroom with furniture, and a fitted bathroom.
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Living area
X1 Manchester Waters Phase 2 Example floor plan
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Second bedroom
T W O B E D R OO M A PA R T M E N T S Living area
Average apartment size 69.4sqm (747.0sqft) All of the spacious two-bedroom apartments at X1 Manchester Waters Phase 2 will enjoy a light and airy living area, a fitted kitchen/diner, two wellproportioned double bedrooms (with a private en-suite adjoining the master bedroom), as well as a fully-fitted family bathroom.
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X1 Manchester Waters Phase 2 Example floor plan
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* All plans are based on concepts provided by the developer, are indicative only and are subject to change
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T H R E E B E D R OO M A PA R T M E N T S Average apartment size 83.8sqm (901.5sqft)
Kitchen area
X1 Manchester Waters Phase 2 will contain a selection of premium three-bedroom apartments, some of which will benefit from waterfront views; yet all apartments will contain an open-plan living space, a generous kitchen/dining area, three large-sized bedrooms, an en-suite bathroom adjoining the master bedroom, and an airy family bathroom.
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X1 Manchester Waters Phase 2 Example floor plan
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A B U Y-T O - L E T D E S T I N AT I O N MANCHESTER
Manchester is the jewel in the crown of the highly touted Northern Powerhouse, reflecting the boost in infrastructure investment, as the Government continues to deliver the Northern Powerhouse through schemes like HS2 (a high-speed rail network connecting major Northern cities together) and the Northern transport strategy. Naturally, this has attracted thousands of buy-to-let investors, enamoured with Manchester’s uncapped present and future potential, both on a national and international scale. Manchester’s local buy-to-let market is leading the way in UK property investment and was revealed as the UK’s best buy-to-let destination by LendInvest in December 2017. The city’s population is growing almost 15 times faster than homes are being built and projections suggest that Greater Manchester’s population will exceed three million by 2040. The supply/demand imbalance is already evidenced in and around the city centre, and is now stretching out to surrounding regions. As a result
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house prices have skyrocketed, so much so analysts have predicted that house prices will rise 28.2% in the next five years, which means that demand for premium housing in the city shows no sign of slowing down. In addition to its thriving rental and buy-to-let market, Manchester has been voted the UK’s most liveable city by the Economist Intelligence Unit and was praised for its infrastructure, stability and culture. The UK’s unofficial ‘second city’ of Manchester is known to have an incredibly rich cultural offering, which goes some way to explaining why Manchester is the UK’s third most popular city for international visitors after London and Edinburgh, attracting one million international visitors per year. With Manchester’s regenerated city centre growing, an increasing number of young people opt for Manchester over London. So much so that Greater Manchester now has more 25-29 year olds living in the region than anywhere in the UK, many of whom require high quality rental accommodation.
Manchester: A vibrant international city Manchester was voted the best UK city to live in by the Global Liveability Survey 2016, beating London for the second year running Manchester was the first industrialised city in the world Manchester has the largest airport outside of London, providing direct flights to over 225 destinations across the globe, more than any other UK airport The wider Greater Manchester area has a population of 2.7 million, and contributes a huge ÂŁ57bn to the economy every year Manchester Piccadilly train station sees over 25m passengers per year, and is the 4th busiest station in the UK Economic growth in Manchester has outstripped that in the capital since 2014
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R E G E N E R AT I O N O F MANCHESTER THE RISE OF EAST MANCHESTER Pomona Island is one of the last major sites near the centre of Manchester which remains undeveloped. Given the rapid rate of population growth in Manchester, it is no surprise that the gaps on the peripheries of the city have been rapidly filled in to keep up with the influx of new arrivals looking to live and work in the city. Before it was developed, East Manchester was much like Pomona Island – a neglected area of the city which clearly had potential but had been chronically underutilised for many years. In many ways, it is remarkable that such a large area so close to the city centre took so long to be developed. However, even though it may have taken a long time, the results have been outstanding. From its origins as an unloved area
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of town, East Manchester has become a residential hotspot in a very short amount of time – in part thanks to the efforts of Knight Knox and X1. Now, Pomona Island is in the same position as East Manchester was a decade ago. The area is unused and is crying out for regeneration at the same time as Manchester is taking its next big leap. The city is seizing the opportunities on offer to elevate itself into a truly global city, and the economy and population are booming in response. High quality rental accommodation is in short supply, and demand is expected to reflect this chronic undersupply of available rental homes. X1 Manchester Waters Phase 2 will be perfectly placed to meet this need.
Knight Knox & X1 in Manchester
East Manchester has been the site of one of the most substantial regeneration projects internationally, [leading to] Manchester [becoming] the ‘regeneration capital’ of the United Kingdom.
Knight Knox and X1 have played a major role in the regeneration of East Manchester over the past few years. Pioneering developments such as X1 Eastbank and X1 The Plaza have helped to redefine the area, and have contributed to the area’s newfound status as a buy-to-let hotspot.
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“The Regeneration of East Manchester”, 2013
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East Manchester is the focus of one of the largest, most challenging and most exciting regeneration initiatives in the UK, totalling over 1,200 hectares.
X1 EASTBANK
X1 THE PLAZA
X1 Eastbank is home to 111 spacious apartments and is 100% occupied. Completed in 2016, residents of X1 Eastbank are a short walk away from both the city centre and Manchester Piccadilly station. Management of the apartments is undertaken by the award-winning X1 Lettings.
X1 The Plaza is adjacent to X1 Eastbank and will bring a further 201 apartments to the luxury residential market upon completion. The development was completely sold out far ahead of completion, reflecting the strength of the Manchester market and the enthusiasm which investors have for the city.
Manchester City Council
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DEVELOPER PORT FOLIO
X1
Based in Liverpool, X1 is one of the North West’s premier developers, offering an extensive portfolio of real estate investments in key growth areas such as Liverpool, Manchester, Salford and Leeds. The X1 portfolio is complete with instantly recognisable buildings which have helped change the face of the region. The award-winning developer also operates a lettings and management company – X1 Lettings – providing both residential and luxury student accommodation to the markets in Manchester and Liverpool. In June 2016,
X1 Lettings won the Silver award for the Best Block Management Company at the prestigious Lettings Agent of the Year 2016 Awards, shows X1 Lettings’ dedication to providing the best possible service for both tenants and landlords alike. X1 Lettings are proud to boast market leading occupancy rate across all their sites, with thousands of happy residents providing evidence of their professionalism, knowledge and enthusiasm.
X1 CHATHAM WATERS
X1 THE CAMPUS
X1 MEDIA CITY
X1 THE LANDMARK
X1 Chatham Waters is an exciting residential development within the larger Chatham Waters masterplan which is already underway. Located just 45 minutes away from Central London by direct train.
Located in a premier student hotspot next to the University of Salford campus, X1 The Campus will provide much-needed accommodation for the University’s 19,000 students, offering them boutique studio apartments.
X1 Media City is one of X1’s standout projects, consisting of 1,100 premium apartments split evenly over four iconic towers, offering stunning views of Salford Quays and its namesake, MediaCityUK.
X1 The Landmark, containing 191 stunning apartments, is situated in a prime location just minutes away from Manchester’s dynamic city centre, yet is also within easy reach of the picturesque Salford Quays waterfront.
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Previous developments: X1 Salford Quays Phase 3 Completed & occupied X1 The Studios Completed & occupied X1 Town Hall Completed & occupied X1 The Exchange Completed & occupied X1 The Edge Completed & occupied X1 Liverpool One Completed & occupied X1 Chapel Street Completed & occupied X1 Arndale House Completed & occupied
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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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