Initial price	£348,500
05/11/24	£330,500
Price Change	-5.16%

A new development is set to transform the Manchester skyline, offering 177 one, two, and three-bedroom apartments in a prime location in Piccadilly's latest regeneration area. The apartments, which will be completed in Q2 2024, feature modern designs with large windows, earthy tones, and high-quality finishes. Residents will enjoy a range of amenities, including a gym, communal garden, and work-from-home space. The development offers a 7% projected yield, with prices starting from £191,000 for a one-bedroom apartment and £365,000 for a three-bedroom apartment. The location is poised for growth, with Manchester rents expected to rise by 16.5% between 2020 and 2024, driven by the upcoming HS2 station and new residential developments. The property offers a low ground rent of 0.1%, subject to future review, and an estimated service charge of £3.40 per sqft.