Adelphi Wharf Apartments in Manchester

Investment Summary

Adelphi Wharf contrasts city and country living. The picturesque property provides a residential retreat overlooking the beautiful River Irwell. The meandering river makes its way through the North West before forming the Manchester Ship Canal in Manchester’s city centre, less than half a mile away from the development.

 

The location of Adelphi Wharf is simply unrivalled. Upon completion in August 2016 of  Phase 1, the boutique apartments will be on the doorstep of the newly transformed Chapel Street corridor, as well as only fifteen minute walk from the city centre.

 

This £75million development features all the facilities needed for modern twenty-first century living. Both bicycle storage and selected car parking spaces allow for residents to traverse both the city and local countryside easily. The onsite gym offers a modern luxurious convenience for all residents to enjoy. Adelphi Wharf also features beautifully landscaped gardens for residents to relax and admire the scenery from.

 

The first phase of the development contains 202 luxury apartments. Adelphi Wharf is in the heart of an area galvanised by both a rising population and regeneration, but its countryside appeal is not lost thanks to endless views of the river and meadows.

 

Adelphi Wharf’s location is almost unprecedented.

 

Situated overlooking the iconic River Irwell and enjoying an abundance of unspoilt rural areas, this development is truly a rustic retreat. However, despite its picturesque surroundings, Adelphi Wharf also benefits from its cosmopolitan location in the midst of the thriving city of Salford.

 

Located on Adelphi Street, Adelphi Wharf is just a stone’s throw away from Chapel Street, a central corridor linking Salford to the neighbouring city of Manchester.

 

With local amenities easily accessible by foot, residents are also free to explore the immediate area with ease thanks to excellent transport links in and around the area.

 

Also, access to prime transportation links mean that residents of Adelphi Wharf are easily connected to almost anywhere within Greater Manchester’s ten boroughs thanks to the Metro link system, the UK’s largest light rail tram system that has 92 stops along 57 miles in and around the city.

 

Example Investments;

 

Description;  1 bed apartment

Price; £109,995

Size; 39.6 sqm

Rent; £7,800 per annum

Lettings fee; £390

Service Charge; £720

NET Income £6,690

NET Yield; 6% (Rental income assured for 2 years)

 

Description;  2 bed town house

Price; £124,995

Size; 61.3sqm

Rent; £9,000

Lettings fee; £450

Service Charge; £840

NET Income £7,710

NET Yield; 6% (Rental income assured for 2 years)

 

Description;  3 bed town house

Price; £169,995

Size; 147.6sqm

Rent; £11,400 per annum

Lettings fee; £570

Service Charge; £400

NET Income £10,430

NET Yield; 6% (Rental income assured for 2 years)

 

Questions & Answers

 

Am I buying as freehold or leasehold?

250 years leasehold

 

What is the address of the site?

Adelphi Street, Salford M3 6EN

 

Are there tenants already in place?

No, Adelphi Wharf is a new-build development, with the first phase ready to accept tenants in August 2016.

 

What are the projected annual returns on this project?

Returns of circa 6% are assured for the first year from completion of your apartment

 

When is my rental income paid?

Quarterly in arrears, direct into your bank account from completion

 

Is there a management company in place?

Yes, the designated management company will be Fortis Lettings & Management, who will block manage and let the building

 

Are there any restrictions if I want to sell?

No, Adelphi Wharf is a residential development, so you are free to sell your apartment on the open market

 

How much is the ground rent?

Ground rent is £295 per annum

 

NEXT STEP?

 

For detailed information on this investment please contact us by filling out the form below or calling us +44 (0)203 432 5474

 

We can send you:

Brochure,

Availability,

Price List,

Floor Plans.

 

If you wish to reserve online please request the reservation form.

Please ask us any questions that you may have.

  • Facebook Social Icon
  • Twitter Social Icon
  • YouTube Social  Icon
  • Pinterest Social Icon

© 2019 Emerging Developments SL  I  Terms and ConditionsPrivacy Policy I CIF Registration Number B93252229