X1 MANCHESTER WATERS 1.
The future of premium waterside living
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Strategic Waters & Manchester Waters
Why invest in X1 Manchester Waters
Development Amenities
See how X1 Manchester Waters fits into the bigger picture of the multi-million-pound Strategic Waters scheme
X1 Manchester Waters 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 will sit perfectly against the backdrop of Pomona Island close to Manchester City Centre
Take a look inside X1 Manchester Waters to see detailed 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
Knight Knox
Developer Profile
Manchester has evolved significantly in recent years, with multi-million-pound investments happening all over the city
Knight Knox, a specialist investment property consultancy, has launched over 75 developments on the open market, at a value of over £848m
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
Outline approval submitted 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.
MANCHESTER CITY CENTRE
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X1 Manchester Waters will be the 28th joint venture project from Knight Knox and X1, and the 15th in Manchester.
2,000
New homes will be provided by the Manchester Waters scheme X1 MANCHESTER WATERS 5.
WHY INVEST IN
X 1 M A N C H E S T E R W AT E R S ? Estimated NET rental returns of circa 6%*
Walking distance to Manchester city centre
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
Two Metrolink tram stops located within a 5 minute walk
Peel Holdings, 2017
Stunning views over the waterfront
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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Investment options for X1 Manchester Waters:
Purchase Process:
Studio apartments from
Step 1
£111,995
Speak to your designated property consultant
1 bedroom apartments from
Step 2
£141,995
2 bedroom apartments from
Choose your apartment and pay the deposit Step 3
£171,995
Both sets of solicitors are instructed, and legal documents and sales pack are sent out to you
3 bedroom apartments from
Step 4
£176,995
25% of the balance is payable on exchange of contracts Step 5
6%
Expected NET rental returns of circa 6% are projected for X1 Manchester Waters
10% due 6 months after exchange of contracts (furniture packs to be paid at this stage) Step 4 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.
26.4%
House prices in Manchester expected to grow 26.4% in the next 5 years to 2021
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
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.
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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. AL
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Manchester Waters will be transformed to create a new commercial, leisure, residential and retail destination, [with] 35,000sqm of commercial floor-space Trafford Government, 2017
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POMONA
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LAND FOR DEVELOPMENT
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Frequently Asked Questions:
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Am I buying leasehold or freehold? 250 years leasehold What is the address of the site? X1 Manchester Waters, Stretford, Manchester, M15 4WD Are there tenants already in place?
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No, X1 Manchester Waters is a newbuild development
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What are the projected NET returns?
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Annual returns are projected at circa 6%
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How much is ground rent? Ground rent is ÂŁ395 per annum Is there a designated management company in place?
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Yes, the designated management 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/Bedroom Area
Average apartment size 25.4sqm (273.4sqft) X1 Manchester Waters’ 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
Entrance
X1 Manchester Waters Example floor plan
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Entrance
O N E B E D R OO M A PA R T M E N T S Kitchen Area
Average apartment size 45.4sqm (488.6sqft) Bathroom
The array of one-bedroom apartments on offer at X1 Manchester Waters 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.
Bedroom
Living Area
X1 Manchester Waters Example floor plan
* All plans are based on concepts provided by the developer, are indicative only and are subject to change
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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 68.1sqm (733.2sqft) All of X1 Manchester Waters’ spacious two-bedroom apartments will enjoy a light and airy living area, a fitted kitchen/ diner, two well-proportioned double bedrooms (with a private en-suite adjoining the master bedroom), as well as a fully-fitted family bathroom.
Master Bedroom
En-suite
Kitchen Area
Bathroom
X1 Manchester Waters Example floor plan
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Entrance
Bathroom
Entrance
T H R E E B E D R OO M A PA R T M E N T S Average apartment size 86.9sqm (935.6sqft)
Kitchen Area
X1 Manchester Waters 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.
En-suite
Master Bedroom Living Area
Second Bedroom Third Bedroom
X1 Manchester Waters Example floor plan
* All plans are based on concepts provided by the developer, are indicative only and are subject to change
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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, offering landlords average rental returns of 6%. The city’s population is approximately 520,000, a figure that’s expected to rise to 600,000 by 2030. Given Manchester’s population growth, the strain on the city’s thriving housing market will become even more acute. The supply/demand imbalance is already evidenced in and around the city centre, and is now stretching out to surrounding regions. As a result, house prices have skyrocketed, so much so analysts have predicted that house prices in
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Manchester will rise 26.4% by 2021. Employment in the city is set to follow the same upwards trajectory, with an increase of a further 4.3% over the next five years, which means that the demand for premium housing in the city shows no signs of slowing down. Because of these factors, it comes as no surprise that the city was named the top Northern city in a recent growth potential index. 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.
Manchester: A busy 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 Chestertons data suggests the average gross yield for an apartment in Manchester is 6.6% - 3.1% higher than average yields found in London (3.4%)
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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 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% tenanted. 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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K N I G H T K N OX
THE COMPLETE RESIDENTIAL INVESTMENT PROPERTY SPECIALISTS Knight Knox is a specialist investment property consultancy and leading provider of buy-to-let developments to the private investment market. With over 10 years’ industry experience, Knight Knox’s expansive portfolio of completed, in construction and future developments is second to none and a testament to the quality of product we bring to market.
Now employing more than 60 members of staff, we will guide you through from the very beginning of a property’s lifecycle all the way through to the eventual disposal of the investment. Our experienced property consultants will identify the perfect development for each investor, ensuring that they are happy throughout the process.
Working together with four highly experienced developers to bring high quality property investments, Knight Knox has launched 77 projects in major cities across the UK such as Manchester, Salford, Liverpool, Leeds and Sheffield.
DEVELOPMENTS LAUNCHED
TOTAL VALUE OF DEVELOPMENTS
DEVELOPMENTS DELIVERED
77
£848m +
53
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“Having been introduced to Knight Knox in 2013, I can say with utmost certainty that I have had some amazing opportunities to invest in some of UK’s prime investment properties” Dr. Nishil Haria, Knight Knox investor (X1 Media City, X1 Salford Quays)
“I would like to say how very pleased I am with the level of service in relation to client care and professionalism throughout the purchase and aftercare with Knight Knox” Mr. Shiraz Shaffi, Knight Knox investor (X1 Town Hall)
“Just passed the new student development that my husband and I purchased – it looks great; very impressive and the gym looks amazing! I am delighted that the project finished on time and that you have a 100% let from day one” Mrs. Susan Harris, Knight Knox investor (X1 Chapel Street)
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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 a 100% occupancy rate across all their sites, with thousands of happy residents providing evidence of their professionalism, knowledge and enthusiasm.
X1 THE LANDMARK
X1 THE GATEWAY
X1 THE CAMPUS
X1 MEDIA CITY
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.
Situated on the gateway to Salford Quays and MediaCityUK, X1 The Gateway is the epitome of waterfront living, already proven to be a runaway success with investors because of its close proximity to MediaCityUK and central Manchester.
Located in a premier student hotspot within the University of Salford campus, the aptly-named 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 over 1,100 premium apartments split evenly over four iconic glass-fronted towers, offering stunning views of Salford Quays and its namesake, MediaCityUK.
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Previous developments: X1 Salford Quays Phase 3 Completed & 100% tenanted X1 The Studios Completed & 100% tenanted
X1 THE TOWER
X1 AIRE
X1 Town Hall Completed & 100% tenanted X1 The Exchange Completed & 100% tenanted X1 The Edge Completed & 100% tenanted X1 Liverpool One Completed & 100% tenanted X1 Chapel Street Completed & 100% tenanted
The fifth and final phase of X1 The Quarter, The Tower is set to provide stunning city centre living for Liverpool’s vastly in-demand private rental market, and is already eagerly anticipated thanks to the success of the previous phases all 100% tenanted.
X1’s first venture in the city of Leeds, X1 Aire is a premier development situated close to the city’s River Aire, and will contain 147 premium apartments ranging from studios to spacious three-bed apartments, perfect for Leeds’ thriving rental market.
X1 Arndale House Completed & 100% tenanted
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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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