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Regent Plaza, Manchester
Investor notice: There is a 20% discount available currently.
Regent Plaza is a set of luxury residential apartments in Salford, Manchester, minutes from the city centre. The property is a landmark, high-spec development on the edge of Regent Road comprised of 1, 2 and 3-bed apartments with extensive onsite facilities.
Investors who purchase off-plan can benefit from a 20% discount and 3% interest on deposited funds.
Secure your property with a fully protected 30% deposit and benefit from 7% assured income for 2 years, from £157,000.
Why Invest In Regent Plaza?
Regent Plaza offers 525 units to be released over 5 blocks, comprising one, two and three bedroom apartments and three bedroom town houses, along with 153 private car parking spaces. Regent Plaza is a landmark residential development on the edge of Regent Road, a major transitory route in and out of the city. The development is in touching distance of Manchester City Centre, which creates identity and functionality at a prime location for residents.
Purchasing in Regent Plaza currently means investors can secure up to a 20% discount depending on the property price, this is considerably lower than comparable developments located nearby.
In addition investors can proceed with confidence knowing the deposit is fully protected. Get in touch with the team for further information.
An onsite lounge, fitness centre and extensive landscaped garden areas will provide Regent Plaza with a strong sense of community.
Manchester is identified by overseas investors as a source of opportunity, with major strategic developments. Key international investments include: Media City UK, which is home to the BBC; Airport City, one of the largest regeneration schemes in the UK with Beijing Construction Engineering Group; the Cooperative’s £800m Noma; and the new £750m First Street development, offering a compelling blend of culture, retail and leisure.
These investments demonstrate the high forecasted price rises and rental figures that have now become synonymous with Manchester.
Manchester boasts the largest student population in Europe, with over 100,000 students, of which 8,000 are international students.
In addition, the large corporate employers in the area provide the perfect buy-to-let environment targeted to mature students and young professionals. JLL report that 2,500 homes are needed each year to meet demand, however, the average supply over the past 10 years has been just 1,150 per annum of delivered units.
Located in the emerging creative quarter, Regent Plaza is creating a new contemporary living space for the ever increasing young, professional and residential community. The prestigious development comprises five unique blocks surrounding a centralised landscaped garden with seating and social areas.
Manchester Airport is the largest airport outside London, flying to over 25 destinations including four direct flights a week to Hong Kong and 22 flights a week to Dubai. There are direct flights to Abu Dhabi, New York, Beijing and Singapore from operators including Cathay Pacific, Emirates, Qatar and Etihad Airways.
Rail / HS2
Manchester’s excellent rail links make transport easy and simple across both the North West and rest of the UK.
Within Manchester, the city’s extensive tram network opens up the surrounding areas and beyond, with a range of Northern Hub rail investments proposed for the near future too.
Furthermore, HS2 is a planned high speed railway linking London, Birmingham, the East Midlands, Leeds, Sheffield and Manchester – providing an engine for growth across these locations. The government’s clear commitment to the project, alongside other transport investment, will transform journey times to key areas – for instance, the time between Manchester and London will be cut by half (to just one hour).
Market Data & Analysis
The demand for quality residential property in Manchester is significant, recent statistics show that 2,500 new homes are needed each year over the next 10 years. This demand is driven by employment growth which is forecast at a +1.3% increase and the population growth which is expected to be +1.1% from 2020 to 2024.
Both past performance and the future forecast growth in the city are exceptional. The average property value in the city in 2020 is £257,000 and the average rental price sits at £1,145 per month. Manchester has both the highest forecast property value growth and rental price increase over the next 5 years of any UK city at +17.1% in terms of capital growth and rental growth of +16.5%.
Source: JLL & Oxford Economics.
Regent Road, Salford, Manchester, M5 3GY
The M5 postcode has seen an average 35% increase in selling prices between December 2013 and December 2019, according to home.co.uk
Expert Market Insights
JLL UK City Centre Forecast – UK Living Research 2020
“The appeal of living in Manchester’s city centre continues to increase strongly as the local economy and population grows.
The five year sales price forecast is notably higher than the UK average and the highest forecast of any UK city.
The delivery of private for sale units will slow over the next three years, providing support for higher sales prices.
We expect rents to rise strongly over the next five years, reflecting both heightened demand and better quality stock.”
Key Location Details
Uk’s largest regional airport
Some of the largest UK shopping centres – Selfridges, Harvey Nichols, Louis Vuitton etc
Europes largest student population of over 100,000
65 of the FTSE 100 companies have a presence in Manchester
Amazon, Google, BBC and ITV all see Manchester as a key employment location
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Company No: 11053957. TPO Membership: T02475. Track Capital is not authorised or regulated by the Financial Conduct Authority, we recommend investors seek advice from a qualified professional. Images are for marketing purposes/illustration only.