The Loom – Vulcan Mill | Manchester
Location: Manchester, UK
Prices From: £173,000
Yield: Up to 5.6% expected
- 1 bedroom prices from £173,000
- 2 bedroom prices from £250,000
- Constructed by respected developers
- Comprised of 101 units, 32 of which include parking
- Gross expected yields of up to 5.6%
- 250 year leasehold
- Excellent Payment plan – 10% on exchange / 5% after 6 weeks / 85% on completion
Manchester is showing major signs of the Northern Powerhouse Initiative in action. With a thriving local economy and growing real estate market, Manchester is proving to be one of the UK’s most talked about cities for property investment.
With employment boosted by successfully attracting businesses such as Google and the BBC, Manchester is building up a reputation as a tech HUB resulting in a large need for skilled workers. This has helped both the local and national economy as well as fostering a climate for healthy growth property prices.
The Loom at Vulcan Mill is strategically located just to the east of Manchester city centre in the burgeoning area known as New Islington. The east side of the city is undergoing a vast amount of regeneration, the nearby Ancoats and Piccadilly Basin is proof of that. The Loom is ideally situated, just 100 meters from the New Islington Metrolink, and less than 15 minutes walking distance away from Manchester’s city centre.
The Loom at Vulcan Mill is comprised of 101 high quality 1 and 2 bedroom apartments to be built by the trusted and experienced Artisan Investment Group. With the lettings and property management being taken care by Complete Ltd, you can rest assured that this investment remains hands-off and hassle free.
The Loom offers a healthy return of up to 5.6% gross with low initial launch prices from £173,000 for a large one-bedroom apartment! And with an excellent payment plan of just 10% on exchange, 5% six weeks after exchange, and 85% on completion estimated Q1 2019 we expect The Loom to be in very high demand. To learn more about our new exciting development in central Manchester, please fill out the form today.