Residential Estates are delighted to introduce the latest edition to their sales and corporate let portfolio, Wilburn Wharf. The development comprises of 164 luxury 1, 2 and 3 bedroom apartments.

 

Located just 600m from Spinningfields; the development is in an excellent location in the heart of Manchester’s financial sector. The area is also home to a multitude of leading financial companies, including RBS, HSBC and BNY Mellon, as well as numerous high end shops, restaurants and bars. The popular areas of Castlefield and Deansgate are within walking distance, while Piccadilly, Victoria and Media City are also easily accessible by bus or Metrolink.

 

Due to its supreme location and design, Residential Estates are offering apartments for sale here through their proven serviced accommodation model. The model enables apartments to be rented out on a corporate short term let basis whereby residents pay much higher rates than of those on a 6 to 12 month let. As a result of this, investors choosing the corporate model at Wilburn Wharf can achieve net rental yields as high as 14.34%. 

 

Investors will have the choice of the following two rental options should the purchase be for investment purposes: 

Option 1: 6% Net rental yield guaranteed on all units (for 1 year or 2 years) despite the natural yield being lower. 

Option 2: Revenue share option - (75/25 split of the gross rental income). This can generate huge rental returns but comes with no guarantee. However, Residential Estates' 90%+ occupancy rate across their full portfolio should hopefully quell any concerns immediately.

 

The award winning developer is on target to meet the original completion date of September 2016. With a very attractive payment plan in place and limited availability, request your full marketing pack now to avoid missing out. The pack will include the full development brochure, financials, floor plans, information on our corporate model and the latest availability.