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CITY MEWS Saint Stephen’S Street, Salford, Manchester M3 6AY CITY MEWS Saint Stephen’s Street, Salford, Manchester M3 6AY For Sale - Off-Plan 9 Brand New Furnished Houses in Manchester City Centre for the Price of a Penthouse Apartment *5 Bedroom *5 Bathroom *2 Kitchens *Roof Top Garden CITY MEWS Saint Stephen’s Street, Salford, Manchester M3 6AY T: 0161 808 0010 W: www.citymews.com FB: @citymews Page 1 of 16 Key Features Investment: ▪ VERY RARE PRODUCT ▪ ‘Porcelanosa’ ceramic floor & wall ▪ Houses in Manchester City Centre tiles to bathrooms ▪ Off-Plan Investment ▪ ‘Amtico’ flooring to Living Areas & carpets to the bedrooms ▪ 10% Discount to Investors ▪ Smoke & Fire Detection System ▪ CORPORATE PRE-LET - £30,000 pa ▪ Double Glazing ▪ Estimated Gross Yield From 6.2% ▪ Sliding Patio Doors from Lounge to ▪ Strong Demand from Professional Rear Garden & Corporate Tenants ▪ Private Landscaped Lawn & Patio ▪ Estimated Completion March 2020 Gardens Property: Location: ▪ Brand New – Construction to ▪ Next to ‘Inner City’ Ring Road commence February 2019 ▪ Lowry Hotel: 9-minute walk / 0.4 ▪ Only 4 of 9 Houses Released to miles Investors ▪ Spinningfields District: 11-minute ▪ Furnished walk / 0.5 miles ▪ 5 Double Bedrooms ▪ Harvey Nichols: 13-minute walk / 0.6 miles ▪ 5 En-suite Shower Rooms ▪ Arndale Shopping Centre: 15- ▪ Roof Top Garden minute walk / 0.7 miles ▪ 2 x Kitchens ▪ Manchester Arena: 15-minute walk / 0.7 miles ▪ Private Driveway ▪ Victoria Station: 15- minute walk / ▪ Lawn Gardens Front & Rear 0.7 miles ▪ High Quality Interior Design & ▪ Deansgate Locks: 18-minute walk / Specification 0.9 miles ▪ Contemporary specialist designed ▪ Next to Greengate Regeneration kitchens with handle-less units & Area Quartz worktops ▪ Easy Access to Media City & ▪ Integrated Appliances – Fridge Trafford Park Freezer, Dishwasher & Washer Drier ▪ Close to Salford University ▪ ‘Villeroy & Boch’ designer ▪ Close to M602 – leading to M60 sanitaryware with ‘Grohe’ Orbital Motorway brassware CITY MEWS Saint Stephen’s Street, Salford, Manchester M3 6AY T: 0161 808 0010 W: www.citymews.com FB: @citymews Page 2 of 16 Investment Opportunity • BRAND NEW City Centre Town Houses • High Demand City Centre Location • Estimated Build Completion March 2020 • 10% Discount from Asking Price • Corporate Pre-Let at £30,000 pa • Estimated Gross Yield 6.23% This is an extremely rare opportunity to purchase only four brand-new 5 DOUBLE BEDROOM houses located on the edge of Manchester City Centre, with the most flexible designed accommodation we have ever seen in this location. The houses even have a ROOF TOP GARDEN. • Fantastic Feature! - A Roof Top Garden Terrace / Patio • 5 Double Bedrooms • 5 En-Suite Shower Rooms • 2 Kitchens • Large Ground Floor Open Plan Living Area • Gardens Front & Rear • Private Driveway. LOCATION: Firstly, City Mews captures the City Living rental market. For investors familiar with Manchester’s and Salford City boundaries, in this area, the Salford boundary is to the north bank of the River Irwell, the river that runs through the city centre. Famous nearby city centre destinations such as the 5-star Lowry Hotel and the Menagerie Restaurant, actually have a Salford address. City Mews is similar. Whilst next to the city centre inner ring road, the houses are only minutes from Spinningfields and other important city centre destinations. DESIGN: There is nothing like these houses on the market. The flexible property design allows for family and combination living. Whilst we believe, the 5 Bedroom / 5 Bathroom layout is most suitable, before construction, purchasers you can choose different combinations, such as; • 4 bedrooms and a larger roof top lounge • Master bathroom in place of en-suite shower rooms on the first floor The houses are designed and very highly specified from a well-proven PRS “city centre living” design models we have previously worked with. The quality specification provides all modern day furnished living requirements for professional and corporate tenants. PRICE: In recognition of an off-plan pre-sale, the asking price of the four selected houses is reduced by 10% for investors from the home ownership homes offered for sale. RENTAL: The properties offered to investors have a Corporate Pre-Let for a minimum of 12 months. The annual rent agreed is £30,000 pa. This will generate an estimated gross return of 6.23%. The Development The development is named City Mews. City Mews is located on a corner infill site, once a former public house. The area is mixed tenure with a mix of private semi-detached and detached housing alongside current and former local authority homes and apartments., which is very typical for this location. There are a number of local employers, amenities and services provided within the immediate adjacent roads including: Sainsbury Mini; Nisa Local; Fitness Gym; Takeaway food / eateries; Academic Creative Media Centre; MCA Language College; Evans Fashion Manufacturer; Salford Cathedral and associated buildings; Dental surgery; Public Houses; Coffee Bars & Café; Islington Park; The Ainscow ‘high-end’ Boutique Hotel and the Stay Inn ‘budget’ Hotel. CITY MEWS Saint Stephen’s Street, Salford, Manchester M3 6AY T: 0161 808 0010 W: www.citymews.com FB: @citymews Page 3 of 16 In general terms, the development is in a fantastic and convenient location to avail of the range of Manchester’s City Living facilities and services. There are 9 houses to be built at City Mews within a terrace block of 4 houses on Nathan Drive and a row of 5 houses on Saint Stephen’s Street. The build will be of traditional block and brick construction with tiled roof coverings. Plots 1 & 9 are here storey 4-bedroom houses. The remaining houses will four storeys, 5-bedroom houses with roof top gardens. Full planning permission has been granted and approved. The land has been acquired by the developer by means of a 250-year lease, held with Salford City Council, subject to a peppercorn ground rent. Permission to provide 9 sub-leases on same terms is granted. It is an extremely rare opportunity to be able purchase a house of such a size (164m2 / 1675sf) in this area and being so close to Manchester City Centre, which provides versatile and flexible accommodation, certain to appeal to sharers and larger / extended families. The specification of each property is high featuring; Contemporary specialist designed kitchens with contemporary handle-less units; Quartz worktops Integrated Appliances such as fridge/freezer, dishwasher & washer drier; designer brand ‘Villeroy & Boch’ bathroom suites with ‘Grohe’ brassware and taps; ‘Porcelanosa’ ceramic floor & wall tiles to the bathrooms and ‘Amtico’ flooring to Living Areas. External areas will be fully landscaped. The properties allocated for Investors will be furnished and ready for occupancy on completion. Open Market Sales: The properties are offered for sale on the open market as family homes. So far plots 1 & 6 have been sold subject to contract. Investor Sales: Given the high investor demand for property in this area, we are offering 4 plots to investors on discounted off-plan terms. The plots available are 2, 3, 7 & 8. Furthermore, the plots are available with a Corporate Pre-Let for a minimum of 12 months from completion, subject to contract and terms. The build completion and handover is expected in March 2020. The Properties Plots 2,3,7 & 8 are available to investors. Each are four storey mews houses providing excellent proportioned room sizes with 5 fairly-equal sized bedrooms and attached en-suite bathrooms. The accommodation is listed below alongside estimated measurements provided by the architects; Ground Floor: Entrance Hall: Contemporary grey panelled entrance door and glazed frame; Stairs leading to first floor; radiator; ‘Amtico’ flooring; Downstairs WC / Cloaks: 1.89m x 0.95m Wash hand basin with tiled splash back; low level WC, extractor fan; radiator; tiled flooring. seller’s solicitors before contracts are entered. Open-Plan Living Room: 9.63m x 4.59m (max) A large open plan ‘L’ shaped room with three functional areas: CITY MEWS Saint Stephen’s Street, Salford, Manchester M3 6AY T: 0161 808 0010 W: www.citymews.com FB: @citymews Page 4 of 16 Dining Area: Full height double glazed window to the front of the property; radiator; ‘Amtico’ flooring. Kitchen Area: A central kitchen with a range of contemporary high-quality specialist-designed kitchens including; handle-less kitchen doors; quartz stone worktops with matching upstand; inset sink unit; Integrated appliances including; cooker hob, oven & grill, chimney extractor fan, integrated fridge freezer. Under stair storage cupboard; ‘Amtico’ flooring. Lounge: Full height sliding double glazed doors opening onto the rear patio and garden; TV point; radiator; ‘Amtico’ flooring First Floor: Landing: Staircase and balustrade leading to the second floor. Bedroom 3: 4.59m x 3.32m. Two double glazed windows overlooking the rear of the property; TV point; radiator. En-Suite Shower Room: 2.53m x 1.82m (max) ‘Villeroy & Boch’ sanitaryware with ‘Grohe’ brassware and taps comprising; enclosed shower cubical with screen and full height wall tiling, vanity wash hand basin, low level WC. Chrome heated towel rail; extractor fan; half height wall tiling; ceramic floor tiling. Bedroom 4: 4.49m x 3.31m (max) Two double glazed windows overlooking the front of the property; TV point; radiator. En-Suite Shower Room: 2.53m x 1.61m (max) ‘Villeroy & Boch’ sanitaryware with ‘Grohe’ brassware and taps comprising; enclosed shower cubical with screen and full height wall tiling, vanity wash hand basin, low level WC. Chrome heated towel rail; extractor fan; half height wall tiling; ceramic floor tiling. Second Floor: Landing: Staircase and balustrade leading to the third floor. Bedroom 2: 4.59m x 3.32m. Two double glazed windows overlooking the rear of the property; TV point; radiator. En-Suite Shower Room: 2.53m x 1.82m (max) ‘Villeroy & Boch’ sanitaryware with ‘Grohe’ brassware and taps comprising; enclosed shower cubical with screen and full height wall tiling, vanity wash hand basin, low level WC.
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