Bridgewater Gate

Situated on Woden Street, just off Ordsall Lane, Bridgewater Gate is the latest addition to Greater Manchester's thriving property market. This unique buy-to-let opportunity consists of 53 fashionable apartments in a new-build development right in the heart of the flourishing city of Salford, Greater Manchester.

  • Located In Salford, Manchester
  • Prices From £114,995
  • 1, 2 And 3 Bedroom Apartments Available
  • Stunning Views Over Manchester And It's Canals
  • 6% NET Income Inclusive Of All Fees Expected
  • Completion Q1 2017

Why Invest In Bridgewater Gate?

Situated on Woden Street, just off Ordsall Lane, Bridgewater Gate is the latest addition to Greater Manchester's thriving property market. This unique buy-to-let opportunity consists of 53 fashionable apartments in a new-build development right in the heart of the flourishing city of Salford, Greater Manchester.
You as the investor are able to choose from a variety of spacious studios and boutique one, two and three bedroom apartments - available fully furnished* with quality features, modern fixtures and elegant finishing touches.
Bridgewater Gate promises to be a state-of-the-art property spread over six floors, maximising floor space and creating stunning views over Greater Manchester and its canals. A selected range of apartments additionally benefit from having access to terraces and balconies, whilst all residents will be able to enjoy the perks of having a charming communal rooftop garden.
Its location in Salford means that Bridgewater Gate is a short journey away from both Manchester's bustling city centre and MediaCityUK, one of the UK's most successful business and media hubs. Bridgewater Gate is one of the most opportune buy-to-let investments in Greater Manchester, combining luxurious modern design with the serenity offered by beautiful, enclosed green space.

The Oppertunity

Bridgewater Gate brings a selection of excellent studios and luxurious 1, 2 and 3 bedroom apartments to market. With starting prices of £114,995 for studio apartments, this superb residential development caters for all investor budgets, needs and requirements. Spread over six floors, Bridgewater Gate raises the bar when it comes to luxurious city living: all apartments are available to investors on a furnished basis*, using only the highest quality of materials and fixtures. A range of apartments even come with the benefit of a car parking space, whilst some have access to their own private balconies or terraces. With expected NET returns of circa 6%, Bridgewater Gate presents itself as an optimal investment opportunity for savvy investors who realise the true potential of Salford as a booming buy-to-let market.

Why Salford?

Greater Manchester is a conurbation of ten boroughs including the two cities of Salford and Manchester. Salford is a city that has recently grown in both reputation and popularity. It is the more rural of the two, with vast green spaces and the River Irwell meandering throughout the city.
With the relocation of both the BBC and ITV to Salford's MediaCityUK (one of the leading digital industry hubs in Europe), the city has experienced a dramatic increase in business activity and migration. This has led to a rise in value of properties and rental accommodation.
In fact research by KPMG shows that the move of the BBC to Salford Quays has contributed as much as £277m to the UK's Gross Value Added in 2014/15. At the same time the population in Salford has grown rapidly: a variety of sources report that leading up to the end of the first half of 2015, its total population increased by 1.3% - bringing the overall number to 242,040.

To accommodate such growth, Salford is seeing a huge amount of regeneration happening across all areas: projects include the likes of MediaCityUK, the £10 million
Chapel Street Corridor transformation and the current Salford Central project worth an impressive £650 million, all of which have galvanised the city. So much so, that
according to online property portal Zoopla, the value of homes experienced an upsurge of as much as 12% in the first half of 2014.

Investors and developers alike are increasingly realising the true potential of the city of Salford. This has manifested itself in the form of approximately 3,000 new houses and 11,000 new apartments granted planning permission by Salford City Council by the end of Q1 2015. It is therefore no surprise that in 2014, Salford was titled the UK's 'buy-to-let hotspot' by HSBC. This wonderful city is set for a bright future filled with endless possibilities in terms of infrastructure improvements, and continued inward investment. In fact, it is estimated that the city will receive in excess of £3.5bn worth of investment into non-residential property over the
next 10 years. Port Salford, is a £400m conversion project of the Salford Docks aiming to create the only inland multi-modal distribution park in the UK to be reached by rail, road and sea is one of the planned regeneration projects in the Salford area that is set to enhance the local infrastructure and boost the regional economy. Additionally, by the end of 2018, the Salford Central project is due to be finished, with key elements being the transformation of Chapel Street.

Why Manchester?

Greater Manchester is one of the most talked about areas in the UK at the moment, as it has been targeted for devolution and has been deemed as a key player in the Northern Powerhouse scheme. Of the 8 boroughs and two cities of the Greater Manchester area, it is Manchester which has shot to prominence on a global scale over the past 12 months. Repeatedly awarded titles such as "buy-to-let hotspot" or "best place to live", Manchester is a city second to none. It has everything and anything on offer for its population no matter their interests, budgets or personalities. Not only is it home to world renowned football clubs Manchester United and Manchester City, but it also has a vast array of first-class restaurants, trendy bars, quirky cafes, excellent shopping facilities, superb museums and a variety of concert venues.

In line with Chancellor George Osborne's Northern Powerhouse campaign (the attempt to rebalance the British economy by closing the economic gap between the North and South), Greater Manchester has received a £1bn Devolution Deal, which has gained it increased inward investment from both national and international
investors.

FAQ's

Am I buying leasehold or freehold?
250 years leasehold

What is the address of the site?
Bridgewater Gate, Ordsall Lane, Salford M5 4UU

Are there tenants already in place?
No, Bridgewater Gate is a new-build development

What are the projected annual returns on this project?
Annual returns are projected at 6%

How much is the ground rent?
Ground rent is £345 per annum

When is my rental income paid?
Quarterly in arrears, direct into your bank account from completion of your apartment.

Is there a management company in place?
Yes, The designated management company is Fortis Lettings and Management, whilst Fortis Estate management will block manage the building.

Are there any restrictions if I want to sell?
No, Bridgewater Gate is a residential development, so you are free to sell your apartment on the open market after completion.

 

The Property Supplier

For more information on Bridgewater Gate please contact:

+44 (0)1494 416 196 (UK)

OR

+852 53034685 (Hong Kong)


Online Enquiry