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30 Sep, 2020

All About Merchant’s Wharf: Our Latest Manchester Investment Opportunity

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    Merchant's Wharf: An Unmissable Investment Opportunity

    It’s always an exciting time announcing a new property investment opportunity, and our latest reveal, Merchant’s Wharf, is one of our most highly anticipated developments yet.

    Located perfectly between Manchester city centre and Salford Quays, Merchant’s Wharf makes a fantastic addition to our portfolio of Manchester investment properties, while also making history as the first Manchester development from industry-leading developers, Legacie.

    Want to find out more about this new Manchester project? Read below for some key information on Merchant’s Wharf and why it’s such an unmissable investment opportunity.

    Merchant's Wharf exterior

    What is Merchant's Wharf?

    Merchant’s Wharf is a residential off-plan property development based in Manchester. The development is made up of 196 waterfront apartments and offers a choice of one, two, or three-bedroom units to choose from, all of which feature contemporary designs and fixtures. Onsite facilities include a gym, concierge service, and private parking. Select units also feature balconies or outdoor terraces.

     

    Where is Merchant’s Wharf Situated?

    Merchant’s Wharf is situated in the M5 postcode, ideally based between Manchester city centre and Salford Quays. Residents of Merchant’s Wharf will benefit from easy access to everything Manchester has to offer. It takes just ten minutes by bike or 6 minutes by car to reach MediaCityUK, while the trendy districts of Manchester city centre like Spinningfields are reachable in around 20 minutes via public transport.

    View of Manchester

    Who is Developing Merchant's Wharf?

    Merchant’s Wharf is the latest project from renowned development company, Legacie Developments. Legacie are a development company most commonly known for their portfolio of projects in Liverpool, having completed popular Liverpool developments such as Reliance House.

    Legacie are widely recognised as one of the best development companies in the UK due to their luxurious designs and outstanding attention to detail. As the first Manchester development led by Legacie, Merchant’s Wharf is guaranteed to generate plenty of interest from both investors and tenants alike.

     

    What’s the History Behind Merchant’s Wharf?

    Merchant’s Wharf boasts an interesting history. The land that Merchant’s Wharf is being constructed on was once a historic dyeworks dating back to the 18th and 19th century. A key player within Manchester’s famous textile industry, the dyeworks would tint velvet and other fabrics before exporting them around the world.

    Legacie Developments

    Why Should I Invest in Merchant's Wharf?

    If you’re interested in high demand, strong growth prospects, attractive returns, and below-market rates, Merchant’s Wharf is an unmissable investment opportunity.

    Prices for Merchant’s Wharf start from just £149,950, which is up to 55% below market value for the area. With projected rental returns of up to 6.5%, Merchant’s Wharf is a highly lucrative investment in terms of both rental income and capital growth.

    Located in a thriving regeneration zone within the M5 Salford area, Merchant’s Wharf is set to see some significant capital growth over the coming years. Manchester as a whole is experiencing some of the highest capital growth levels of any UK city, with the North West predicted to experience a 20.2% rise in value by 2028, while Manchester house prices are expected to grow by 57% by 2028.

    The luxurious design and fantastic location of Merchant’s Wharf is sure to appeal to the city’s growing population of young professional tenants. Manchester already boasts a large population and subsequently high levels of rental demand. With the population of Greater Manchester expected to double within the next 5 years, it’s likely that those who buy investment properties in quality developments like Merchant’s Wharf will see a great deal of demand for their investment for many years.

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    Author

    Reece Pape

    Reece Pape is a property writer at RWinvest. Reece is passionate about keeping property investors updated on must-have information and housing market news, utilising the latest property market statistics and data.

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