The Press Construction Updates
Keep updated with all the latest construction progress at The Press with our regular construction updates. Frequent information and images regarding the development progress will guide you through the process of construction from the outset and throughout.
This newly launched development is a strictly off-market opportunity providing high growth potential in central Manchester. A historic building with Grade II Listed status is being restored into a limited number of sophisticated new living spaces with 1, 2 and 3-bedroom units.
The refurbished properties will retain original 19th century features such as exposed brickwork and flooring, which will complement the brand-new interior design, fixtures and fittings. This unique style of living is highly demanded throughout Manchester’s rental market where a rising number of young professionals are seeking something special about their chosen accommodation.
How many people can say they live in a building which played a pivotal role in making Manchester the city it is today? It benefits from both a rich history and luxurious 21st century features to provide a wholly exclusive living experience. Expected completion is scheduled for Q1 2020 when the full extent of this sensitive conversion can be fully appreciated.
Located in an unrivalled area of Manchester city centre, the apartments will be surrounded by the £800 million regeneration scheme of NOMA which is conveniently positioned just a few seconds away. Here, a mixed-use neighbourhood is evolving, consisting of retail, residential, hotel and office space. It’s causing a significant boost in the value of properties in the vicinity, as the investment continues to reshape the community with a focus on heritage, the commercial sector and connectivity.
This off-market buy to let investment will also benefit from proximity to Manchester’s key sites, including transport links via the nearby Manchester Victoria station. It’s also just a short walk away from the city’s top retail areas around Exchange Square and Market Street, whilst having access to the shops, bars and restaurants of the Northern Quarter.
Manchester is thriving as a city and presents a lucrative opportunity to invest in competitively priced properties with high rental returns and positive capital appreciation. A total of 21% rental growth is projected in Manchester before 2021 in a reflection of the current demand for housing in this globally recognised urban metropolis.
Home to world-ranking universities, the biggest office market in the UK (including Spinningfields business district named the ‘Canary Wharf of the North’) and the largest Chinatown outside of London, Manchester is considered the UK’s ‘second city’ for a reason. Its booming economy continues to supply fruitful buy to let opportunities to budding investors right at the home of the industrial revolution.