Transmission House, Manchester

Location:

Manchester

Completion Date:

February, 2020

Client:

Salboy

Project Value:

£20 million

Summary:

Located in the absolute heart of the UK’s most dynamic city, Transmission House is a new, high-quality residential development designed by IDP and developed by Salboy, one of Manchester’s most active developers. Just one minute walk from Market Street, Manchester’s main shopping street yet located within Manchester’s hip Northern Quarter, the development is in an unrivalled location within the city – rental demand will be exceptionally high.

The scheme, a ten storey residential building accommodating 183 one, two and three bedroom apartments with roof top gardens and amenity space, has been designed to appeal to the rapidly growing rental market as well as offering units attractive to owner-occupiers – exceptional rental demand and strong resale market. Local property prices are predicted to rise by 19.3% (Savills) during the construction phase of the project giving investors the opportunity to purchase at today’s prices with potential for significant capital growth before completion.

Apart from the shortage of potential development projects in the M1 postal district, most city centre developments are being pre-purchased by Institutional / Private Equity PRS funds providing little or no opportunity for the individual UK buy – to – let investor to purchase investment property in super-prime locations in this buoyant market.