Freehold build-to-rent block, 120 apartments, Manchester
- £20.5m
- Lot size
- 5.9%
- Net initial yield
- Freehold
- Tenure
- 120 apartments
- Units
- 97%
- Occupancy
- 4.2% a year (3 yrs)
- Rent growth
Overview
A stabilised, professionally managed build-to-rent building close to Manchester city centre, fully let with strong renewal rates.
Investment case
Stabilised income with 97% occupancy.
Freehold, completed 2022, low near-term capital expenditure.
Manchester has some of the UK's strongest rental growth.
Financials
| Lot size | £20.5m |
|---|---|
| Net initial yield | 5.9% |
| Tenure | Freehold |
| Units | 120 apartments |
| Occupancy | 97% |
| Rent growth | 4.2% a year (3 yrs) |
| Strategy | Core · long income |
Indicative figures from MCG’s analysis. Full model available on request.
Location
Walking distance to Manchester city centre and major employment hubs.
Opportunity enquiry
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Manchester
Information is provided for general guidance only and does not constitute financial, legal or tax advice. Figures are indicative and subject to verification. Capital is at risk and property values can fall as well as rise.
