28th April 2014
Queens Brewery, Manchester – assured returns in a buy-to-let hotspot.
The HSBC has named Manchester as one of its ‘UK buy-to-let hotspots’. A new Forshaw Residential redevelopment of a former brewery is helping investors capitalise on Manchester’s popularity.
Manchester is one of the UK’s fastest growing cities and a thriving hub for young professionals. That makes it a prime buy-to-let investment location – especially when the properties in question offer something unique to a market eager for distinctive, prestige living.
When Hydes left the Queens Brewery for pastures new in 2012, they left an iconic part of the Manchester landscape behind them. Forshaw Residential is converting the Grade II listed building into 60 beautifully appointed 1, 2 and 3 bedroom apartments just minutes from the thriving heart of the city centre.
As with all Forshaw Residential developments, the building will retain its most striking, idiosyncratic features. “We’re keeping the best of the old – such as the exterior, romantic clock tower and hand-bed hopper – because we know that personality and character create demand,” says Forshaw Land & Property Group founder Lyndon Forshaw. “And that creates a better investment opportunity.”
Investors are assured yields of 6.5% NET for the first year and projected capital growth that creates a rewarding investment whether investors buy or sell. And with a recent National Housing Federation survey predicting a 36% increase in UK rental rates by 2018, buy-to-let is looking a better investment than ever.
Queen’s Brewery launches in 2015. You can find more details and explore investment opportunities here.