WEAVERS HOUSE

WEAVERS HOUSE at Cross Quays Square

IN A CITY FULL OF GLASS TOWERS, IT’S TIME FOR SOMETHING NEW...

Welcome to Weavers House, the first development in Media City’s most anticipated neighbourhood, Cross Quays Square

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CONTENTS 5. Development overview 7. The location 9. Salford: The UK’s fastest growing investment location 11. The market opportunity 13. The investment 15. Floorplans

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DEVELOPMENT OVERVIEW Weavers House is the first phase of Cross Quays Square, a brand-new neighbourhood located at the gateway to Media City and Salford Quays. Nestled on a tree-lined boulevard, Cross Quays Square is a gated community that offers something totally different to the uniform glass and concrete towers that have become repetitive on the Manchester skyline.

Whilst the local area today is known for being at the forefront of media and technology, with the BBC and ITV headquarters just a stone’s throw away; The name Weavers House pays homage to the area’s humble roots and industrious past. With the site built on a former hotbed of industry with the docks, an ironworks, timber yard, and clay mine dominating the area during the industrial revolution.

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THE LOCATION Not only does Cross Quays Square have so much to offer within its gates, it’s also only a 10-minute walk to the UK’s largest media and tech hub, Media City.

A renowned waterfront destination, Media City and Salford Quays is home to over 250 businesses, including Kellogg’s, Creative England and BUPA, employing an excess of 13,000 people in the area.

Whilst Media City and Salford Quays are well known as booming business hubs, at the forefront of modern industry, the area is also a major cultural destination, with the Imperial War Museum, Lowry theatre and art gallery attracting visitors from all over the world. There are plenty of waterside cafés, bars and restaurants, creating the perfect setting for those looking to escape the city centre without losing out on the fast pace of modern life.

For residents working in Manchester city centre, the Metrolink system is right outside Cross Quays Square, quickly transporting residents into central Manchester.

Cross Quays Square is also just two tram stops away from Salford University and Salford Royal Hospital, making it an ideal place to live for both students and professionals seeking luxury living in close proximity to where they study and work.

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Transport times Salford Quays and MediaCityUK

10-minute

2-minute

Manchester City Centre

30-minute

10-minute

Salford University

25-minute

University Academy 92 (UA92)

40-minute

25-minute

The University of Manchester

25-minute

Manchester Metropolitan University

20-minute

NOMA

25-minute

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SALFORD: THE UK’S FASTEST GROWING INVESTMENT LOCATION Salford has recently been recognised as the UK’s no.1 buy-to-let investment location, in a survey carried out by the CIA Landlord.

The study focused its analysis on average property prices, rental yields and stamp duty savings, with both Salford and neighbouring Manchester coming top. The study found that property in Salford carries an average asking price of £173,311 and an average rent of £1,051 per month. This creates an average rental yield of 7.27% in the area, a profitable investment for those looking to make the most out of their capital.

Weavers House and the wider Cross Quays Square development are located in Salford, minutes away from the UK’s largest media and tech hub, Media City. Media City houses over 250 businesses, creating more than 13,000 jobs in the area, so it is easy to see why Salford is such a profitable place for buy-to-let investors.

In addition to Salford’s prosperous job market, Salford is also home to an international university, attracting more than 19,000 students each year to the area. The high number of professional workers and university students in the area has created a huge demand for housing, making Salford the no.1 location in the UK for buy-to-let investment.

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THE MARKET OPPORTUNITY Manchester city council predict that over the next 5 years, Manchester and Salford will see over 5,000 new residents move to the city each year, creating the need for over 25,000 new homes. With a booming population and prosperous job market, demand for housing currently far outweighs supply.

As well as huge demand from a growing number of professionals, Manchester also attracts a huge student population with over 100,000 international and domestic students currently residing in the area.

Manchester and Salford combined are home to the largest student population in Europe, with six universities in the area, including University Academy 92, Manchester Metropolitan, The University of Manchester and Salford University, attracting world-class talent.

Graduate retention in Manchester is also one of the highest in the country, with 51% of students remaining in the area after graduation. In addition to this, 57% of students who left Manchester and Salford for their studies, returned after graduation, highlighting the huge demand for more housing in the area.

Cross Quays Square appeals to both a residential and student market, not only because of its price point, but also due to its proximity to both Manchester and Salford’s main economic hubs and university campuses.

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If you look at Salford’s main employers and institutions, there is approximately 33,281 people working or studying in the immediate area surrounding Weavers House. This means that for every available apartment, there is roughly 1,109 potential tenants.

If only 1% of those potential tenants were looking for an apartment close to where they work or study, there would be 11 potential residents for every apartment in this development.

Salford’s main employers and institutions Employer / Institution

Number of students / employees

The University of Salford

19,911 students

Salford Royal Hospital

7,000 employees

The BBC

3,200 employees

ITV

750 employees

BUPA

2,000 employees

Kellogg’s

420 employees

Total

33,281

Researching into Salford and Media City’s biggest employers and institutions highlights just how many people are working and studying in the area, contributing towards the huge demand for housing.

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THE INVESTMENT Comprising of 30 fully furnished, studio and 1-bedroom apartments, Weavers House at Cross Quays Square offers investors a hassle-free property investment. The opportunity is fully managed, from design and development by our in-house team of architects and designers, through to lettings and property management by our award-winning lettings company, Manchester Apartments

Prices start at £124,950 7% NET yield guaranteed for 2 years Fully managed investment

Anticipated returns over five years Initial investment of £124,950

3% capital growth

Annual rental income

Year 1 (7% guaranteed rental)

£128,698

£8,746

Year 2 (7% guaranteed rental)

£132,559

£8,746

Year 3 (3% rental growth p/a)

£136,536

£9,278

Year 4 (3% rental growth p/a)

£140,632

£9,556

Year 5 (3% rental growth p/a)

£144,851

£9,843

Total returns

£19,902

£46,169

As well as having 20 years of experience developing, selling and managing property in Manchester, we are the only developer with an in-house lettings arm who are able to rent apartments off-plan before completion, something that is almost unheard of within the property industry. So, while other developers may also offer guaranteed returns, we are the only developer to offer guaranteed tenants.

Manchester Apartments vs the competition Competitors

Manchester Apartments

Occupancy within one month of completion

20%

97%

Occupancy within six months of completion

50%

97%

Year 1

80%

97%

Average occupancy

50%

97%

The above figures are for illustrative purposes only and are based on current market conditions.

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FLOORPLANS Ground Floor Unit type:

Studio

Aspect:

Metro View

1 Bedroom City View

Quay View

G04 G05

G06 G07

G08

G02 G01

G10

15

G09

16

FLOORPLANS First Floor Unit type:

Studio

Aspect:

Metro View

1 Bedroom City View

Quay View

104 105

106

107

108

102 101

110 109

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FLOORPLANS Second Floor Unit type:

Studio

Aspect:

Metro View

1 Bedroom City View

Quay View

204 205

206 207

208

202 201 210 209

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