Manc hester
A Development to Capitalise on Manchester’s Huge Investment Opportunity
Affinity Living Riverview will become one of the most desirable residences in Manchester.
Typical Floorplans
Modern, spacious apartments. A fantastic location. Premium facilities now demanded by the city’s rapidly expanding community of young, affluent tenants. Don’t miss this opportunity to invest in a development that will become one of the most in-demand from Manchester’s rising population of tenants.
Premium Facilities 35-storey project – one of Manchester’s tallest buildings Spacious one, two and three-bedroom apartments State-of-the-art gymnasium
Typical 1-Bedroom Apartment
Co-working lounge
Overview
Tenure:
250 years leasehold
Management:
Completion Date:
Location:
Ground Rent: Starting from £295 to £595 per annum
Fully managed by Affinity Living Manchester city centre
Q3 2021
*This is dependent on apartment type
* Total estimated annual costs includes ground rent and estimated service charges, as well as the apportionment of variable costs payable by the property owner for all Affinity Living managed amenities and services, including associated management fees.
Typical Affinity Living Communal Hub
Actual image - Kitchen and dining room at Affinity Living Riverside
Typical 2-Bedroom Apartment
Affinity Living Riverview: Maximising the return on investment of UK residential property Conservative
Price (£)
Capital appreciation (%)*
Rental yield (%)
Rental income (£)
Pre-completion 275,000
10
Year 1
302,500
3
6
16,500
Year 2
311,575
3
6
16,500
Year 3
320,922
3
6
16,500
Year 4
330,550
3
6
16,500
Year 5
340,466
3
6
16,500
Total appreciation:
65,466
Total rent: 82,500
Total return:
147,966
Return on Investment:
54%
Affinity Living Riverview Will Answer Growing Tenant Demand From Generation Y in Manchester 70,000 people now live in Manchester city centre – and most rent their apartments. The city has one of the biggest ‘Generation Y’ a key demographic for Manchester’s rental market. But while demand for rental property in Manchester city centre is rising, supply cannot keep pace. Between 2018 and 2022, 11,000 new jobs in the city centre are forecast to be created. However, just 4,000 new purpose-built rental homes are projected to be delivered during this time. Affinity Living Riverview’s premium living spaces and highquality communal facilities will make this a highly desirable new address for tenants in Manchester’s critically undersupplied rental sector.
A Location Positioned for City Centre Lifestyles Manchester: The City Topping All Property Performance Indexes There has never been a more exciting time to invest in Manchester. The UK’s second largest economy is rapidly expanding. Multi-billion-pound investment in business, infrastructure and transport is flowing into the city, both domestically and globally.
This growth is having a direct impact on Manchester’s real estate market:
39% Projected price growth higher than the UK average by 2023 69% Higher annual returns from Manchester property than London 7.4% Capital growth in 12 months to June 2018; UK average just 4.6% 16.5% Projected rental price growth 2019-2023
Affinity Living Riverview’s location next to Manchester’s central business district offers your tenants close proximity to public transport, places of work – including the city’s major financial hub Spinningfields – retail, and culture.
Actual image - Bedroom at Affinity Living Riverside
Typical Affinity Living Bathroom
Typical Affinity Living Communal Hub