Local Blackfriars Construction Updates
Local Blackfriars Development Progress
Local Blackfriars is one of Manchester’s most exciting buy to let opportunities yet, bringing luxury one, two and three-bedroom apartments to the city’s thriving residential market. Developed by an experienced, £1 billion development company, only the most superior quality fixtures and fittings have been employed during the construction of these brand-new units.
Local Blackfriars is a major new development of which the main building is Grade II listed. Featuring the original stained-glass windows of Manchester Cathedral and a wooden staircase which has been carefully restored by hand, the historical features blend with the stunning new architecture home to modern and chic living spaces. Designed perfectly to cater for Manchester city centre’s rising number of young professional tenants, the facilities on offer also match the calibre of its residents. A fully quipped gym, private cinema room, bar and restaurant, party room, yoga studio and concierge service are just some of the outstanding amenities on offer directly onsite at the project.
Construction is progressing well, and the estimated completion date is Q2 2019 for quick rental returns!
With exceptional prices and 5.5% projected NET rental returns, Local Blackfriars is a fantastic option for a Manchester buy to let investment. Due to the location of these apartments in the centre of Manchester, they are in line to encounter the highest levels of capital appreciation in the city. Manchester as a whole predicts capital growth on property prices of 12% by 2021, which is a great sign if you’re thinking about investing in this project and want to opt for a lucrative transaction.
Just 5 minutes from the retail and financial hub of Spinningfields, and equal distance to train stations, shopping centres, bars, restaurants and the beautiful Salford Quays, Local Blackfriars couldn’t be in a better position. The city’s finest residents working in MediaCityUK’s digital and creative businesses will call Local Blackfriars home, as its high quality and extraordinary facilities make this development stand out from others evolving in Manchester’s ever-growing rental market.