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 implemented 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 to Manchester city centre’s rising number of young professional tenants, the facilities on offer also match the calibre of its residents. A fully equipped 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.
We are pleased to announce that our Local Blackfriars Development has now reached completion. Take a look at the construction process and finished product in the construction updates above.
Central Manchester apartments
The Local Blackfriars development is located near Greengate Square in the heart of Salford’s city centre. This area is currently undergoing massive regeneration to transform this central location into a thriving hub of commercial, residential and leisure spaces. This will not only improve the footfall in the area, but will also create thousands of jobs for the people of Manchester. By 2040, the area is expected to be one of the most thriving regions in Manchester, so now is definitely a good time to invest, to prepare yourself for a lucrative future.
Investing in centralised apartments in Manchester will attract a significant number of tenants, especially young professionals who prefer to live in proximity to lucrative industries, which can all be found in Manchester’s city centre. They will also be interested in properties like Local BlackFriars, as it is near popular shopping hotspots, cultural hubs like the Manchester Art Gallery, The Lowry Theatre, and Market Street, which offers them plenty to do on their days off.
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 an excellent sign if you’re thinking about investing in this project and want to opt for a lucrative transaction.
Just five 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.