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HiLux Apartments Manchester

8% assured rental for 7 years

HiLux Apartments within Manchester is offering a minimum 8% NET annual returns assured for 7 years and up to 12% returns achievable through a blend of short term lets, ranging from weekly to yearly lets as luxury apartment suites setting a new trend in the residential property investment model.

There are 116 luxury apartments ranging from studios to three bedroom penthouses equipped with contemporary fittings and style (with leading brands including Samsung & Smeg appliances). Investors are offered a choice of interior designs whilst full-height windows offer an abundance of natural light. The 10 storey development features roof top garden facing the city centre offering unrivalled views. Generous storage, secure underground parking (available at an additional cost) with valet parking, children’s play area, retail outlets and restaurant bar are just some of the added features.

HiLux Apartments is within minutes of the Metrolink station allowing easy access to the city’s Victoria & Piccadilly train stations, plus a variety of tourist attractions, universities, MediaCity UK and both the Eithad & Old Trafford football stadiums.

Located on Oldham Road M40 2LA. See below for directions or to see location on map.

Floorplans are available on request.
Please use the register interest button above.

Investment highlights

  • 8% NET returns p.a. assured for 7 years
  • Rental backed up by insurance
  • The option to self manage and achieve yearly yields of 12%
  • Exit Strategy offered at 125% after 5 years
  • 7 nights free stay every year, without any impact on the rentals returns
  • Earn 26% capital appreciation in the next 5 years
  • Manchester: UK’s no.1 Property Investment city in the UK
  • First 6 months rental paid in advance within 45 days of completion
  • Flexible tenancy terms – a week, one or three months to drive high yield for investors
  • Swimming pool, Gymnasium, Sauna & Jacuzzi and Roof-top terrace garden
  • Onsite Restaurant / Bar, Coffee shop and Franchise
  • Flexible tenancy terms – a week, one or three months to drive high yield for investors
  • Ready to use utilities
  • Wi-Fi and Smart TV
  • Weekly housekeeping
  • Fully furnished

Unit Prices

From 109,349 – £475,288

  • Studio 1,2,and 3 Bedroom Apartments
  • Secure underground car parking (for sale for £20,000) with valet parking

Service charge:

  • Studio: £850 p.a.
  • 1 bedroom: £1000 p.a.
  • 2 bedrooms: £1,250 p.a
  • 3 bedrooms: £1,500 p.a.

Please ask for a full break down of what is included.

Payment Plan

  • £5000 reservation fee
  • 25% upon exchange of contracts
  • 25% June 2017
  • Balance upon completion (Q1 2018)

Local amenities

Metrolink Station: Newton Heath and Moston – 5 mins

Victoria Station – 10 mins, two stations away from Netwon Health and Moston

Tourist Attractions:

Manchester Cathedral – 19 mins

Manchester Craft & Design Centre – 10 mins

Piccadilly Garden – 12 mins

Manchester Town Hall – 20 mins

Manchester Chinatown – 13 mins

Financial district / Media City UK: Spinngfield (financial district) – 17 mins

Media City UK (new home to BBC) – 19 mins

Educational institution:

University of Manchester – 15 mins

Manchester Metropolitan University – 16 mins

The Manchester College – 15 mins

Ground rent: £2 per sq.ft. p.a.

One bedroom example investment and returns
 

Based on One-bedroom price of £189,900  

Total rental revenue = £24,650 Gross. Rental revenue is calculated using a blend of one, three and 12 month tenancies

Management & Service fee = £325 p/m

Total NET returns = £20,750 This works out as an 10.92% return on investment each year inclusive of the management and service fees

 

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