Invest in Oxygen: Manchester’s First Vertical Village
Construction is underway of Manchester’s ground-breaking ‘vertical village’ – set to be known as Oxygen Tower. Located near to Piccadilly Station, the 375,825 ft² construction will be one of the most complex and impressive high-rise projects in Manchester.
The developers, Property Alliance Group, have commissioned building specialists Russells Construction and designers 5Plus Architects for the £100 million residential development. Set for completion in 2018, it will eventually comprise 345 luxury apartments and 12 family townhouses.
A sales launch has already taken place, with Oxygen proving extremely popular with prospective buyers. There are still opportunities for both residential and buy-to-let investors however, so feel free to get in touch for more information on this exciting investment.
Oxygen will manifest as three connected blocks, with the tallest being an impressive 31-storeys high. These will include one, two and three-bedroom apartments, with the luxury townhouses on ground level. Ninety-one car parking spaces will be available in the basement.
The tag of Manchester’s first ‘vertical village’ comes from the various leisure facilities set to be included on-site. Along with a 24/7 concierge and rooftop garden terrace, inhabitants will also have access to a communal gym, spa, swimming pool and cinema room.
The development director of Alliance, Gareth Russell, has noted these facilities have been a major enticement for potential buyers. He said:
“As Manchester’s first vertical village, the development will provide residents with a variety of luxury homes as well as amenities and services that will create a sustainable and thriving community.
With a roof garden, allotments and spa it will create a sociable environment and lifestyle that will appeal to both young professionals and families looking to rent or buy.”
The project lies on Store Street, just off Great Ancoats Street, which places it within walking distance of some of Manchester’s prime areas. Not only is Piccadilly Station close by, but you’re also not far from the Northern Quarter, Oxford Road, Market Street and the Arndale Centre.
In terms of design, every Oxygen apartment and townhouse will be finished to ultra-modern standards. Although specific details have not been revealed yet, full height windows and balconies will be a feature of each room.
The three towers will descend in height, from 31-storeys down to 15 and nine respectively, connected by a visible lift and stair cores. Underneath, the basement car park will hold 91 spaces for cars and 175 for bicycles.
A residential breakdown is as follows:
- One-bedroom apartments – 190 units – £220,000 starting price
- Two-bedroom apartments – 236 units – £292,000 starting price
- Family townhouses – 12 units – £510,000 starting price
At time of writing, the Oxygen development is expected to be ready for completion at the back end of 2018. Capital growth of 15% in that time is anticipated, with rental yields expected to reach 6%. If you’d like any more information on this exciting investment opportunity in Manchester, feel free to get in touch with us today.