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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.

ABOUT

Hilux Apartments is offering a minimum 8% NET annual return assured for 7 years and up to 12% returns achievable through a blend of short term lets, ranging from weekly to yearly lets in luxury apartment suites setting a new trend in the residential property investment model. Located on the outskirts of the city centre, the development is within minutes of the Metrolink station allowing easy access to the city’s Victoria & Piccadilly train station, plus a variety of tourist attractions including the Etihad & Old Trafford football stadiums.

SPECIAL FEATURES

Valet Parking  Roof Top Garden  Retail Outlet Below Restaurant/Bar  Children’s Play Area  7 Nights free stay per year (without any impact on the rental returns)

PRICE

£156,063 – £282,126

TOTAL AREA

422 – 898 SQFT / 39.2 – 83.4 SQM

BEDROOMS

1 & 2 Bedrooms

PARKING

Additional Cost of £15,000

SIZE OF DEVELOPMENT

116 Apartments / 10 Storeys

COMPLETED

Q2 2018

 

TENURE

999 years

SERVICE CHARGE

£850 – £1500 pa

GROUND RENT

£2 per sqft

RENTAL YIELD

8% NET guaranteed for 7 years

LOCATION

Manchester City Centre – 2.9 miles (11-minute drive)

Newton Heath & Moston Metrolink – 8-minute walk

ASDA Supermarket – 5-minute walk

Manchester Piccadilly – 10-minute drive

Etihad Stadium – 8-minute drive

PAYMENT PLAN

£5000 Reservation Fee (non-refundable and deducted from the price on exchange)

30% on Exchange (within 28 days of reservation)

70% on Completion

 

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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