This is the only Renaker project you can buy that completes before 2024. It’s the latest development in the Great Jackson Street framework and will complete alongside a new school and GP surgery which are both located within 100m and are part of the new skyscraper neighbourhood being created in Manchester.
If you want the best chance at achieving the highest capital growth focusing on the premium end would be well advised. There is nothing more premium than The Blade and the fact Elizabeth Tower and Victoria Residence, the two previous Renaker schemes re both fully sold out and fully tenanted should be a good indication of how The Blade will perform.
The Blade will offer a contemporary state-of-the-art gymnasium, which will include a separate studio for fitness classes and sauna/steam room, a rooftop terrace designed to capture afternoon sunlight on the podium level, a residents lounge, a scenic community park on the ground floor which will play a key role in the master planned new neighbourhood, as well as a podium level retail space.
It’s worth noting that the blade only requires 10% on exchange followed by 10% 6 months after. This is a great payment plan, which spreads the upfront cost and reduces the barrier of entry, meaning it will be easier for those who maybe couldn’t afford something at the blade on the standard 20% exchange.
Plot: 1307 Number Of Bedrooms: 1 Floor Level: 13 Size: 575 Sq Ft Service Charge: £1,580 PA Ground Rent: £281.00 PA
Price and Returns
Price: £280,908 Rental Income: £1,550 PCM Rental Income: £18,600 PA Gross Yield: 6.62% Net Yield: 5.96%