HKD 2,930,000 - 6,190,000
- HKD 2,930,000 - 6,190,000
- 678-1022 square feet
- Penthouses/2/3 Bedrooms
- Up to 75% Loan-To-Value
- Min. Cash Required: HKD 733,000
- Estimated Completion: 2019 Q1
- Ownership: 150 years leasehold
- Rental yield up to 5.5%
- Mortgaged Buyer Return: 22.0%
- Situated in heart of city centre, Northern Quarter - an area home to the music, fashion and art scenes that have become accustomed to Manchester
- Right next to the largest shopping centre, Manchester Arndale; 10 mins walk to Central Business District - Spinningfields
- 8 mins walk to Piccadilly Station - the most important tram and railway station in the city
- Piccadilly Station will also be the future High Speed Two train terminal
- Contemporary specifications - 2 ensuites for 2-bed units
- Internal shared courtyard area and Roof top garden for tenants
- 24-hour concierge, gym exclusive for residents, bike storage, etc.
CituNQ is a new, high-quality residential development designed by one of Manchester's leading architects. It has been designed to appeal to the rapidly growing rental market in Manchester as well as offering 2-bed ensuite units for tenants sharing accommodation.
Located in the heart of Manchester city centre – Northern Quarter, which is an unrivalled location within the city - rental and resale demand will be exceptionally high. 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.
Citu NQ is surrounded by great amenities like shopping mall, restaurant, Central Business District, Park, Chinatown. Great connectivity via tram, bus, or walking to universities and Manchester attractions.
- 8 minutes walk to Piccadilly Station - the most important train and tram station in Manchestrer, also the future High Speed 2 terminal.
- Right next to the largest shopping centre, Manchester Arndale
- 8 – 10 minutes walk to Chinatown and Central Business District – Spinningfields
- 12 minutes by tram to universities corridor
WHY INVEST IN MANCHESTER
High Speed 2 Railway :
The future High Speed 2 terminal which is located in Piccadilly station is just a 8- minute walk from Citu NQ. It cutting the journey from Manchester to London to just 1 hour and 8 minutes.
A GBP56 billion planned high-speed railway designed to enhance the UK's north-south connections. It aims to increase the capacity and connectivity of the country's rail network by offering a high-frequency, high-capacity, high-speed rail service as well as improving services and slashing journey times the high-speed railway is predicted to bring annual economic benefits across the UK of up to GBP15 billion.
Linking London, Birmingham, Leeds and Manchester, HS2 will run as many as 14 trains an hour between the UK's major cities in each direction, and estimates see the network carrying over 300,000 people every day.
Click the link below for more details of HS2 :
Manchester Airport is the UK's third busiest airport with direct flights to Hong Kong and China. A 10-year £1bn expansion programme of Manchester is in progress to improve and expand the existing terminals.
POTENTIAL GROWTH IN MANCHESTER
Capital growth prospect:
'House prices in Manchester to grow by 19.3% by 2018' (by : Savills)
'Rents to rise by 20.5% between 2017-2021.' (JLL 2017)
Rapid population growth:
'9,000 new homes are needed per year for the next 5 years.' (BNY Mellon)
'Manchester's population is set to increase by 125,000 by 2025.' (ONS)
'The number of households in Manchester is forecast to grow by 3,300 a year.' (JLL 2017)
Population of Greater Manchester has grown by 18,000 over the last 12 months alone; another 20%
is forecast over the next 10 years (Manchester City Council).
Potential rental growth:
Manchester has a younger age profile than is found nationally This is most notable in Manchester where more than 50% of the population is under 30. Manchester is once again leading the way in innovation being the centre of the UK's rental revolution. There has been more investment in to the Private Rental Sector (“PRS”) in Manchester from institutional & professional investors than any other city. With the city's thriving economy and bustling universities, Manchester attracts and retains a growing number of highly educated and affluent residents.
Manchester is home to two of the UK's five largest universities. A further two to make a total of four institutions that attract over 100,000 students – one of the largest populations in Europe. A massive 70,000 of these students do not have access to dedicated student beds, resulting in the highest rental growth potential in properties located in close proximity to the universities.
INVESTMENT OPPORTUNITIES IN NORTHERN QUARTER
The Northern Quarter is home to a significant number of small – medium sized business and independent operators and a growing digital, media and technology based sector, as well as creative and cultural industries.
The Northern Quarter has seen the number of digital firms located there increase by 70% over 3 years with Manchester recently being crowned the UK's “capital of start-ups” with over 2000 firms created in the City in the last since March 2015.
The Government announced in early 2015 that the Northern Quarter would be designated a “Tech Hub”, given the popularity of the area for digital and IT start-up companies. This has firmly established the Northern Quarter as one of the favourite locations in Europe for digital and IT companies to locate to, driving a strong demand for high quality apartments in the neighbourhood to house the growing population of talented young professionals moving to Manchester to work within a digital or creative business.
These days the Northern Quarter is Manchester's creative district. The area is home to a variety of independent shops, restaurants and art galleries offering art from local and international artists. Often described as a village within the city, the neighbourhood is one of the most vibrant and is considered by many to be the most hip neighbourhood in the city centre, resulting in it being one of the city's most popular residential markets.
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