SALFORD, MANCHESTER NORTH WEST ENGLAND
MIDDLEWOOD PLAZA, MANCHESTER
L U X U R Y R E A D Y- T O - R E N T F U R N I T U R E PA C K S AVA I L A B L E
MIDDLEWOOD PLAZA, MANCHESTER
PRESENTING MIDDLEWOOD PLAZA Middlewood Plaza is an exciting new development in the heart of the Middlewood Locks regeneration zone, just 10 minutes’ walk from Manchester city centre. Consisting of stylish apartments, townhouses and duplexes and located in the popular Salford area, Middlewood Plaza is the ideal investment property for those looking to be a part of North West England’s bright future. The impressive development features split-height blocks of six and nine storeys, with a total of 125 homes across the site, in the largest of Manchester’s three main regeneration corridors.
MIDDLEWOOD PLAZA, MANCHESTER
The contemporary Middlewood Plaza development has been designed to suit the needs of urban professionals working in both Salford and Manchester city centre. The mix of apartments, townhouses and duplexes will offer an appealing, family environment to those wanting luxurious city centre living in an outstanding location. With high quality kitchens and bathrooms fitted as standard, Middlewood Plaza will present a superior quality apartment to the Manchester rental market, offering investors an exciting and unique development with broad appeal. The bright, spacious apartments are complemented by a superb roof terrace, with views over the city, to which all residents enjoy private access. Middlewood Plaza also benefits from secure, underground parking, cycle bays and smart technology. All apartments are wheelchair accessible in order to accommodate as diverse a group of residents as possible.
MIDDLEWOOD PLAZA, MANCHESTER
O N L O C AT I O N As well as residential accommodation, the £1 billion Middlewood Locks regeneration zone is set to offer extensive leisure facilities and amenities including a gym, hotel, bars, restaurants, nursery and medical centre. Middlewood Plaza is located in the heart of Middlewood Locks, which provides pedestrian access between Salford and Manchester city centre. Cycle access is in the process of being added, furthering the area’s excellent connectivity. Road and rail access to Middlewood Plaza is terrific, with Liverpool Street Bus Station 100 Metres and Salford Central Train Station 750 Metres away from the Development. The M602 Motorway can be reached within two minutes. The prime location will provide residents with easy access to all that Salford and Manchester have to offer, from their employment opportunities to their leisure facilities.
MIDDLEWOOD PLAZA, MANCHESTER
PROPERTY HIGHLIGHTS -
Perfectly located at the gateway to Manchester
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Smart technology included as standard, for a future-proofed development
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Appealing mix of apartments, townhouses and duplexes
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High quality kitchens and bathrooms included as standard
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Secure underground parking
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Dedicated cycle bays
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Fully wheelchair accessible apartments
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All apartments serviced by fully maintained lifts
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Whole-house ventilation and sprinkler system protection
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Private roof terrace access for all residents
GROSS VALUE ADDED (GVA) IS A MEASURE
MANCHESTER INVESTMENT CASE
OF THE VALUE OF GOODS AND SERVICES PRODUCED IN AN AREA, INDUSTRY OR SECTOR.
GVA for Manchester in 2016 stood at £17,896 million. GVA per head stood at £33,063 in 2016 – 4.2% higher than in 2015 and 125.6% of the national rate.
£17.896million GVA 2016
25,780 Active businesses
18.2%
Business growth rate
2.8% per year GVA forecast to grow 2.8% per year from 2014-24 (above North West annual average of 2.6%)
£72 billion by 2024
Greater Manchester GVA forecast to increase to more than GBP72 billion by 2024
40% of North West Greater Manchester accounts for 40% of GVA in the North West
324,000 employees £16.2 billion of GVA annually Main centre for business, financial & professional services outside London
63,500 employees £3.1 billion of GVA annually Largest digital and creative clusters in the UK
ANNUAL GVA GROWTH - GREATER MANCHESTER
123,000 employees Nearly 1 in 10 residents works in manufacturing
54,000 employees Nearly 1 in 20 residents works advanced manufacturing
£3.9 billion of GVA annually
FA S T FA C T S - UK’s 6th largest city and 2nd most populous urban area - The city had an estimated population of 530,300 in 2016 - Manchester saw an active business growth rate of 18.2% in 2016, compared to a national average of 6.1% - Employee numbers rose from 335,000 in 2014 to 375,00 in 2016 - Business, financial and professional services in Greater Manchester generate GBP16.2 billion of GVA annually - Health and social care generates GBP4.2 billion of GVA annually in Greater Manchester - 110,000 new jobs will be created by 2024, with 36,000 more office jobs expected in Central Manchester over the next decade - Disposable income of Manchester residents is forecast to grow by 28% over the next decade
MANCHESTER’S EMPLOYMENT OUTLOOK
In 2017, Prime Minister Theresa May announced a newly-allocated cash injection of £556m for the Northern Powerhouse. It followed the 2014 announcement from UK Chancellor of the Exchequer George Osborne of £7 billion of investment for the business, culture and infrastructure of the North of England. Manchester is at the heart of the Northern Powerhouse, which also includes Liverpool, Leeds, Sheffield and Newcastle.
MANCHESTER INVESTMENT CASE
CITY CENTRE GROWTH £10m innovation fund to boost small to medium
A devolution deal with Greater Manchester and the UK’s first
businesses in Greater Manchester and Cheshire
metro-wide elected mayor outside London from May 2017
£6 billion of investment in the North’s roads, to
Flagship Factory cultural venue to add 1,500 FTE
- City centre employment will surpass 400,000 jobs by 2025
jobs and £1.1 billion to the city’s economy over 10
- Manchester’s population is expected to exceed 625,000 by 2025
reduce congestion and enhance connectivity
years
8 mins by HS2 rail network (currently 2 hrs 8 mins)
2018 Great Exhibition of the North to celebrate
Manchester to Birmingham journey time to reduce
creativity, culture and design
- Manchester house prices rose at the fourth fastest rate in the UK in the year to December 2017 (at 7.0%)
to 41 mins with HS2 (currently 1 hr 28 mins)
tackle overcrowding
- The city centre is expanding outward to accommodate demand from new residents and businesses
DOUBLE THE UK’S GROWTH RATE Manchester’s population is projected to grow from
G R E AT E R M A N C H E S T E R G R O W T H
530,300 people in 2016 to 625,000 by 2025. 650
Virgin Media Business supporting superfast broadband rollout in Manchester for small businesses and start-ups.
- City centre growth driven by young professionals (those aged 35 and under who hold a degree)
- A backlog from several years of housing undersupply has now reached over 40,000 homes, putting pressure on supply
Manchester to London journey time to be cut to 1 hr
New modern trains and 20% more capacity to
- Manchester is leading the growth of city centre living in the UK
625,000
625 600 575
- Greater Manchester’s population grew by 7.2% (183,100) between mid-2004 and mid-2014 and is expected to attract more than 500,000 new residents by 2025 - Home to 1.17 million households, with 2.73 million residents
530,300
- Over 7 million workers within an hour’s drive – the largest travel-towork area of any UK conurbation (except London)
550
- Expected net gain of 110,000 jobs in the decade to 2024
525 2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
MANCHESTER S A L E S & R E N TA L M A R K E T SALES MARKET
7.0%
Manchester property prices rose by 7.0% in the year to December 2017, the fourth fastest rate in the UK.
34.36%
Manchester property prices up 34.36% over past 5 years.
+%
Home price inflation hit its highest rate for 12 years in 2016, due to an under-supply of homes.
26.4% Manchester house prices projected to grow by 26.4% over next five years.
1/3
The average apartment in Manchester is just over a third of the price of a London apartment.
R E N TA L M A R K E T
4.2%
8.25%
ÂŁ100
26.85%
Manchester rents predicted to rise by 4.2 per cent per year for the next five years.
Manchester postcodes boast two of the highest average buy to let yields in the UK, at 8.25% (M6) and 7.98% (M14).
At 26.85%, Manchester has one of the highest proportions of private renters in the UK.
Monthly rents up by more than ÂŁ100 year on year in central Manchester.
AVERAGE RENTAL VALUES IN MANCHESTER 1400
2012
1200
2013
1000 2014 800 2015 600 2016
400 200 0 1 Bedroom
2 Bedrooms
3 Bedrooms
MIDDLEWOOD PLAZA, MANCHESTER
THE MANCHESTER PROPERTY MARKET Properties in Manchester have increased in value by an impressive 29.22% over the past five years, according to February 2018 data from Zoopla. Apartments have fared better than average, enjoying an increase of 32.01%. Demand for residential accommodation in Manchester is high. The city is undergoing rapid change and growing at a rate of around 2,000 homes per year. This is to house Manchester’s rapidly growing population, which is expected to increase from 530,300 in 2016 to 625,000 by 2025. This is creating an excellent opportunity for buy-to-let investors looking to address the city’s housing undersupply backlog, with some estimates showing the need for as many as 40,000 additional homes.
MIDDLEWOOD PLAZA, MANCHESTER
MIDDLEWOOD PLAZA, MANCHESTER
ULTRA-CONTEMPORARY HOMES ARRIVE IN SALFORD Middlewood Plaza marks the start of a new era for Salford’s residential sector and those who invest in it. The development is set to capitalise on the enormous economic potential of the Middlewood Locks regeneration zone, as well as benefit from the host of amenities that the completed district will provide. The apartments themselves are perfectly suited to the energy and dynamism of this newly defined location. Ultra-contemporary interiors will feature high specification bedrooms, kitchens and bathrooms as standard, while all apartments will meet with the new Design Space Standards. Smart technology will provide residents with the most modern of property tech, while each apartment benefits from whole-house ventilation and a sprinkler protection system. These thoroughly modern homes are set to appeal to Salford and Manchester’s growing class of young, professional urbanites, who demand the very best from their city centre lifestyle. That includes the quality of their accommodation and the best location, with Middlewood Plaza providing the perfect balance of both. From a property investment standpoint, this is excellent news. A prime location, backed by a superb quality build, in an area packed with potential for capital gains thanks to the extensive regeneration work taking place, is the ideal combination for those looking to profit from buy-to-let.
MIDDLEWOOD PLAZA, MANCHESTER Salford Crescent University of Salford
CONNECTIVITY
Clarendon Park
1.0 Mile
Manchester Opera House
1.0 Mile
Harvey Nichols
1.1 Miles
Deansgate, Manchester City Centre
1.3 Miles
Arndale Centre
1.3 Miles
The Printworks
1.4 Miles
Debenhams
1.5 Miles
Chinatown District
1.5 Miles
MediaCity UK
1.5 Miles
Oxford Road Station
1.6 Miles
Manchester University
1.8 Miles
Manchester United Football Club
1.9 Miles
Manchester Royal Infirmary
2.7 Miles
Manchester City Football Club
3.1 Miles
Manchester Airport
9.9 Miles
NEW
ROA
Salford Central
A6
D
Arndale Centre
Spinningfields
Debenhams
W AY
Spinningfields
LES
SALFORD
REG
The Quays
Sainsbury’s Megastore EN
Manchester Opera House
Chinatown
Ethiad Stadium
TR OA D
MANCHESTER Bus Station
Ordsall Park
MediaCityUK
ITY
0.8 Miles
ECC
02
IN
Salford Central Train Station
M6
TR
0.7 Miles
06
University of Salford
A5
0.3 Miles
TRAFFORD ROAD
Sainsbury’s Megastore
Harvey Nichols
O
S RD
AL
LL
Deansgate
E AN
7
0.1 Miles
A5
Liverpool Street Bus Stop
The Meadow
3
DESTINATION DISTANCE
Manchester Central The Printworks
I RW ER V I R A5
Oxford Road
ELL
6
A57
Manchester University
Old Trafford Manchester Academy Manchester United Football Ground
Manchester Airport
Manchester Royal Infirmary
MIDDLEWOOD PLAZA, MANCHESTER
P R I M E L O C AT I O N F O R T O D AY A N D T O M O R R O W Middlewood Locks is the largest of three regeneration corridors that make up an ambitious renewal programme for Manchester and Salford. It is being built around existing retail parks, with regeneration work running from 2015 to 2030. With the Manchester Bolton and Bury Canal running through the heart of the neighbourhood, Middlewood Locks is an attractive area that will offer a unique living environment. The 24.5-acre site is exceptionally well connected, with Manchester city centre within easy walking/cycling distance. Main transport links are just a mile away. The local area features a host of key developments, including the University of Salford and the Crescent District. The Greengate regeneration is reviving 13 hectares, in order to reconnect the historic centre of Salford with Manchester’s modern, vibrant city centre. Meanwhile, Irwell River Park is creating an international waterfront destination that will benefit from a range of environmental and access improvements, creating opportunities for sustainable transport, as well as commercial and residential development. In addition, the Bridgewater canal corridor will feature the restoration of key heritage sites, as well as public realm and access improvements, along with new residential, commercial and leisure amenities. On the commercial side of things, Digital Village is home to a new business development that will mix historic features like Ordsall Hall with modern economic opportunities. Business, creativity and leisure opportunities are also blended at the nearby Soapworks. Then there’s the tri-modal inland port facility and distribution park development known as Port Salford‌ whichever way you turn, Middlewood Plaza is at the heart of a prime regeneration location that clearly marks the future direction of the Greater Manchester area.
MIDDLEWOOD PLAZA, MANCHESTER
A C I T Y O F C U LT U R E Greater Manchester has its own unique culture, from its notable architecture to its lively arts scene. Manchester has been a leading light in terms of its artistic prowess since the Art Treasures of Great Britain exhibition in 1857, which presented more than 16,000 works of art. The modern-day city is home to six impressive art galleries, as well as a number of museums. Superb theatres and live music venues also abound and Manchester is intrinsically linked with the growth and success of the UK music scene thanks to the rise of Northern Soul in the 1960s. From large venues like Manchester Opera House to smaller establishments supporting developing local talent, the city has plenty to offer in terms of its cultural attractions. Of course, Manchester is also famous around the world for its sporting prowess, with Manchester United FC inspiring global admiration. As well as football, the city also offers an enticing environment for fans of cycling and athletics. The legacy of the 2002 Commonwealth Games, which Manchester hosted, has done much for the breadth of the city’s sports offering. Also home to an excellent nightlife scene and a staggering array of shops and boutiques, Manchester has everything that modern city dwellers could hope for in terms of leisure pursuits. This has played a large part in the city’s rapid growth over the past decade, which in turn has created an exceptional and ongoing opportunity for buy-to-let property investors.
We make no representation or warranty of any kind with regard to the information contained in this brochure and none of the information shall be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before making the decision to invest. Any opinions expressed in this document are not statement of facts.