Derelict to desirable: Regeneration breathes new life into Manchester’s Wilburn Basin

Derelict to desirable: Regeneration breathes new life into Manchester’s Wilburn Basin

United Kingdom
  • Wilburn Basin offers investors an average price per sq ft 30% lower than similar developments (Surrenden Invest)
  • When complete Wilburn Basin will comprise four distinct blocks varying in height from 8 to 21 storeys (Surrenden Invest)
  • Phase one already complete and rented out and the second due this summer (Surrenden Invest)

It was only a short time ago that Manchester’s Wilburn Street Basin was nothing more than a neglected patch of wasteland. However, the area has recently experienced a radical transformation and is now home to a contemporary residential hub.

Surrenden Invest, a property consultancy at the forefront of this movement, believe Manchester’s thriving property market has led to areas outside the city centre undergoing significant redevelopment. Managing Director Jonathan Stephens explains,

 

“Areas of the city historically seen as outside the core are now providing investors with all the amenities and quality of prime central but at a much lower price point. The Wilburn Basin is the perfect example.

“Falling on the Salford side of the Irwell means that investors are looking at an average price per square foot that is 30% lower than similar developments within a couple of minutes’ walk.”


Wilburn Basin is a brand-new residence situated on the historic River Irwell Basin. It offers an attractive waterside setting to residents in the city centre, within a short walking distance of the central business district and its excellent array of shops and leisure facilities.

When complete Wilburn Basin will be comprised of four distinct blocks varying in height from 8 to 21 storeys which offer fantastic views across the city, setting a new benchmark for combining city centre living with high quality facilities and private amenity space.

Jonathan continues,

 

Wilburn Basin is a project investors can go into with complete confidence with the first phase already complete and rented out, and the second phase completing this summer, whilst also benefitting from the experience and build quality of Manchester’s largest developer.

“This is an area earmarked for substantial capital growth and given the location, will be perfectly suited to take advantage of both Media City and the city centre.”


From just £165,000, all apartments are built to a high specification with Porcelanosa kitchens and Villeroy and Boch sanitaryware. Additional facilities include a private gym, cinema room, a ‘boutique’ hotel style reception with 24 hour concierge and a residents’ lounge. As well as architecturally landscaped gardens and courtyard.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

All that glitters is gold as Chinese New Year brings Golden Week property investors to Manchester

All that glitters is gold as Chinese New Year brings Golden Week property investors to Manchester

United Kingdom World
  • Chinese New Year flight bookings to Europe up 68.5% on last year’s festival (ForwardKeys)
  • Chinese interest in Manchester property in Nov 2016 increased by 53.8% vs 2015 (Juwai.com)
  • “Golden Week provides prospective investors with time to travel and explore Manchester before making property purchases” (Surrenden Invest)

This weekend will celebrate the start of Chinese New Year festivities as the country welcomes the year of the Rooster.

Chinese New Year, also known as Spring Festival, holds over 4,000 years of history and is the most important annual event in the Chinese calendar. The holiday also commemorates the first Golden Week of the year, as Chinese nationals enjoy seven continuous nonworking days.

Golden Week is also an opportunity to travel overseas and new figures released by travel experts ForwardKeys show that Chinese New Year flight bookings are up nearly 10% compared to last year. And it seems that Chinese tourists are returning to Europe with a 68.5% increase in flight bookings compared to the same festival period in 2016.

Many wealthy Chinese even combine business and pleasure by taking a holiday that enables them to investigate overseas’ property markets first hand.

Juwai.com, a Chinese property portal for buyers looking to invest in property overseas, stated that in November 2016 Chinese interest in Manchester property had increased by 53.8%, compared to the same month in 2015.

Jonathan Stephens, Managing Director of leading property consultancy Surrenden Invest, has certainly noticed a rise in Chinese buyers directing their investment toward Manchester. He explains,

“Interest for the local property market has increased from Chinese buyers with Manchester’s credentials as an investment hotspot continuing to grow, not only leading the Northern Powerhouse but also challenging London as the buy-to-let capital of the UK.

“Chinese New Year provides prospective investors with the time to travel and explore the Manchester market before making final property purchases. We expect buyers from China to take this opportunity and believe that as interest in the market continues to rise, many will make Manchester their top destination of choice.”

Surrenden Invest’s most recent development in the heart of Manchester, Mason Street, is one such investment opportunity that Chinese buyers visiting this Golden Week might consider.

Embracing modern low-carbon technology to ensure the building is one of the city’s most energy-efficient, Mason Street is located in the historic New Cross neighbourhood, just a short walk from the Northern Quarter. Mason Street will provide a new lease of life for one of Manchester’s heritage buildings as it is transformed into 10 high end apartments from £200,000, with a 2 year guaranteed NET rental return of 6%.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

Manchester goes green – Airport significantly reduces energy usage & city centre properties follow suit

Manchester goes green – Airport significantly reduces energy usage & city centre properties follow suit

United Kingdom
  • Manchester airport becomes first carbon neutral airport in the UK
  • From 1st April 2018 it is unlawful to rent a property with poor energy efficiency rating
  • Mason Street uses low-carbon tech to be one of the city’s most energy-efficient properties (Surrenden Invest)

After a decade of striving to significantly reduce its energy usage and investing more than £7.5 million in efficiency projects, Manchester airport has become the first carbon neutral airport in the UK.

By installing more than 25,000 low energy LED lights throughout the airport, including the first on any UK runway, and saving the same amount of energy as used by 10,000 homes each year, Manchester airport has been awarded carbon neutral status (Level 3+), certified by the independent carbon management programme Airport Carbon Accreditation.

Ken O’Toole, CEO of Manchester Airport commented, “At Manchester Airport we are committed to being one of the leading European airports when it comes to environmental management. As an organisation we recognise that climate change is an important global challenge. This achievement demonstrates the lengths we go to ensuring we balance our role as economic generator, alongside caring for the environment.”

And now this sentiment of protecting the local environment through energy efficiency is emerging as essential within the UK property market, and more importantly to its investors. New legislation, due to take effect from 1st April 2018, will make it unlawful to rent a property with a poor energy efficiency rating.

With properties currently graded from A to G, any property rented out in the private rental sector will require a minimum energy performance rating of E on an Energy Performance Certificate (EPC). However, there are opportunities arising within Manchester city centre that provide energy efficient solutions to investors, making the impending legislation a redundant worry.

Property consultancy Surrenden Invest’s most recent development in the heart of Manchester, Mason Street, uses modern low-carbon technology to ensure the building is one of the city’s most energy-efficient.

Jonathan Stephens, Managing Director of Surrenden Invest, comments,

“This expected change to legislation for buy-to-let landlords will cause savvy investors to seek out opportunities that already meet the new requirements, a future-proof investment. With a Band A energy efficiency rating, Mason Street is win-win, allowing investors to benefit in terms of enhanced rental yield and a “future-proof” investment and ultimately its residents to profit from significantly lower running costs.”

Located in the historic New Cross neighbourhood and just a short walk from the Northern Quarter, Mason Street will provide a new lease of life for one of Manchester’s heritage buildings as it is transformed into luxury, contemporary living spaces.

This modern, low-carbon property will host 10 high end apartments from £170,000, with a 2 year guaranteed net rental return of 6%.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

New Year, new investment – the most intriguing asset classes of 2017

New Year, new investment – the most intriguing asset classes of 2017

United Kingdom World , , ,
  • Care homes and hotel investments set to make their mark in the New Year (Properties of the World)
  • Commodity trading will attract a host of new traders in 2017 (easyMarkets)
  • Buy-to-let continues to entice virgin property investors (Surrenden Invest)
  • Undiscovered areas of Spain tipped for growth in 2017 (Kyero.com)

New Year is almost upon us – time to turn over a new leaf. For investors, New Year can serve as the inspiration for broadening their portfolio and discovering the benefits of new asset classes. In that vein, let’s take a look at some of the most intriguing asset classes and investment models of 2017.

Jean Liggett, pioneering CEO of Properties of the World, is quick to promote the benefits of care home investment in 2017. She explains,

“We’re going to see care home investment taking off in a big way in 2017. It’s an interesting asset class as it’s one of those rare investment models where absolutely everyone wins. The UK’s population is ageing and we need to build more care homes, providing superior accommodation that affords comfort and dignity to our citizens as they age.”

Investing in a care home can provide individuals with impressive returns. Wagon’s Way in Tyne and Wear, which is available for investment from £58,500, offers circa 8% NET rental returns for 25 years. The sustainable investment model carefully balances the needs of the investor, those living in care, their families, the community, care professionals and the Care Quality Commission (the UK’s regulatory body for care homes). This ethical balance makes care homes a particularly intriguing asset class for 2017.

Hotel investment is also coming into its own. At Caer Rhun Hall Hotel in Conwy, North Wales (rooms available from £75,000), investors have the chance to pick up an asset that will not only generate strong returns (circa 10% per annum) but will also afford them personal usage. There’s also a 125% developer buy-back option for investors’ peace of mind. With a renewed focus on staycations in the UK, hotel investment in 2017 could be big news indeed.

Investing in commodities may also be an exciting option in 2017, according to Evdokia Pitsillidou, Director of Risk Management and pioneering forex and CFD broker easyMarkets. She comments,

“Trading is no longer something that’s only for fulltime traders working in the City. Increasing numbers of individuals are looking to trade for themselves and the appeal of commodities and metals is strong, particularly for those who are new to trading. Gold and wheat are two investments to watch in early 2017, though of course investors need to do their own analysis before they try their hand at trading.”

Naturally, existing strong asset classes will continue to be popular in 2017. Despite the government tinkering with landlords’ incomes through changes to stamp duty and tax on second homes, UK buy-to-let remains a popular way for virgin investors to profit from property. Jonathan Stephens, Managing Director of Surrenden Invest, comments,

“The UK’s housing crisis is still far from resolved. The country has been working hard to increase the rate at which it has been building homes and the latest purchasing managers’ index shows that construction reached a nine-month high in November. Despite this, the Federation of Master Builders has reported that 87% of local authorities don’t believe they will hit the government’s housebuilding targets by 2020. This means that buy-to-let still presents a huge opportunity for those looking to invest in property for the first time.”

Artillery House in Manchester city centre is an excellent example of the kind of property that is attracting virgin buy-to-let investors in large numbers. With 7.5% NET assured return, a comprehensive management programme and a Q4 2017 delivery target with apartments fully furnished and ready to rent, this kind of development allows investors to be truly hands-off.

Finally for 2017, there’s holiday homes as an intriguing asset class. While the concept of buying a holiday home predates even air travel, what’s exciting about 2017 is the range of destinations available. Richard Speigal, Head of Research at leading Spanish property portal Kyero.com has flagged Oliva as an interesting choice for 2017. He explains,

“In terms of broadening the story, I’d pick Oliva out right now. Alicante has long been the epicentre of British buyer activity, but Kyero saw a shift northwards in 2016 to the neighbouring province of Valencia. The reasons are nicely told in the small coastal village of Oliva.

“We were alerted to something happening when the town appeared for 3 months running in our ‘trending destinations’ list, having attracted over 1,500 enquiries since July. For its size, Oliva is punching way above its weight and it seems post-Brexit buyers may have sensed an opportunity, as prices there have been slower to recover than in other areas of Spain. With six miles of beautiful coastline, a cosmopolitan vibe, two international airports an hour away (Valencia and Alicante) and the potential for capital growth, Oliva ticks all the boxes for investment potential in 2017.”

Whether it’s an entirely new asset class or a new opportunity in an established investment model, there’s no doubt that 2017 is going to be an exciting year for investors.

 

For more information, please contact:

Properties of the World: +44 20 7624 5555 or www.propertiesoftheworld.co.uk

Surrenden Invest: 0203 3726 499 or www.surrendeninvest.com

easyMarkets: +44 203 1500 748 or www.easymarkets.com

Kyero: www.kyero.com

 

Winter round-up: the 2017 Where To… list

Winter round-up: the 2017 Where To… list

World , , , , ,
  • The best locations for spending your money in 2017
  • Buy a second home in Spain, invest in a hotel in North Wales and holiday in Tenerife
  • Stick with the UK for buy-to-let investment and play the stock market from the comfort of your bed

With one eye on the future and one on the hottest property and location trends of 2016, it’s time to look at the best places to spend your money in 2017. The 2017 Where To… list covers everything from holidays and holiday homes, to property investments and playing the stock market.

Where To… Buy a second home

When it comes to buying a second home, Spain is the obvious choice for many. Post-Brexit vote reports are that property sales and enquiries from British buyers have ramped up noticeably. Leading Spanish property portal Kyero.com has reported record enquiry numbers since the referendum. Head of Research Richard Speigal comments,

“Spain offers a great climate, fabulous food and excellent value for money. Brexit doesn’t seem to have deterred British buyers in the slightest. In fact, it seems to have spurred many on to purchase their dream second home sooner rather than later.”

The golf courses and beaches of the Costa del Sol are ideal for those looking for a second home in Spain. Taylor Wimpey España is offering spacious apartments and townhouses at Horizon Golf near Mijas from €270,000+VAT.

Where To… Invest in a hotel

An up-and-coming asset class, hotel investment looks set to take off in a big way in the UK over the next couple of years. Jean Liggett, pioneering CEO of Properties of the World, comments,

“Hotel investment offers excellent returns and benefits from not being subject to stamp duty. It’s ideal for property investors who are looking to get more for their money.”

Those investing in Caer Rhun Hall Hotel in Conwy, North Wales (rooms available from £75,000), can look forward to returns of circa 10% per annum, 125% developer optional buy-back and two weeks’ personal usage of their hotel room per year.

Where to…Holiday over the winter months

When it comes to winter sunshine, Tenerife is one of the top short-haul destinations for those travelling from the UK. Idyllic beaches with a sea temperature of 21°C and an average December temperature of 17°C, combined with excellent value for money make this an enticing destination. There’s plenty on offer to entertain the whole family all year round, and some outstanding value hotel rooms available over the winter months.

Cheap Holidays Tenerife has rooms available from as little as £93 per night for those looking to stock up on vitamin D before Christmas and from just £98 per night for holidaymakers planning a break in the New Year.

Where To… Invest in a buy-to-let property

Despite the increase to stamp duty on second homes earlier this year, the UK’s buy-to-let market is still faring well. There are plenty of cities around the UK that offer great returns and the potential for capital growth. One of the most exciting for 2017 is Belfast.

Property prices in Northern Ireland remain some 40% below their 2007 peak, but they’re rising fast. Buy-to-let investors with an eye on capital gains as well as healthy yields are examining the market there closely. With Belfast accounting for 43% of Northern Ireland’s total rental transactions, it is the natural choice for those looking to invest in buy-to-let.

The Frontiers’ Collection at The Sandford, located in Belfast’s thriving Titanic Quarter and available through Property Frontiers, offers one bedroom apartments from £114,750 and two bedroom homes from £141,750.

Over in England it is Manchester that is turning heads as a buy-to-let destination. Surrenden Invest is supporting would-be landlords to avoid paying the proposed ‘Green Tax’ by offering the low-carbon technology Artillery House for investment. The contemporary development enjoys a prime city centre location in Manchester’s ‘Golden Triangle’ and will be one of the city’s most energy efficient buildings. The 12 high end, boutique apartments are available for investment from £120,000.

Where To… Play the stock market

If stocks and shares appeal more than bricks and mortar, 2017 could be the perfect time to try out your skills as a trader. easyMarkets is on a mission to democratise trading, making it possible for anyone with an interest in the markets to dabble from the comfort of their own home. Not only do they offer learning resources and regular insights for those who are new to trading, but their innovative dealCancellation product means that losing trades can be cancelled within 60 minutes of making them – perfect for nervous newbies!

 

For more information, please contact:

Kyero: www.kyero.com

Taylor Wimpey España: 08000 121 020 (00 34 971 706 972 from outside of the UK) or www.taylorwimpeyspain.com

Properties of the World: +44 20 7624 5555 or www.propertiesoftheworld.co.uk

Cheap Holidays Tenerife: 0800 0124 300 or www.cheap-holidays-tenerife.com

Property Frontiers: +44 1865 202 700 or www.propertyfrontiers.com

easyMarkets: +44 203 1500 748 or www.easymarkets.com

Chinese love affair with Manchester property to strengthen as government welcomes new investment

Chinese love affair with Manchester property to strengthen as government welcomes new investment

United Kingdom World
  • UK government plans to attract foreign investment from China for new development projects in the Northern Powerhouse
  • Chinese investors interest in Manchester stems from President Xi Jinping visiting the city in 2015 (Chinese diplomat Sun Dali)
  • “Accessibility is crucial for overseas investors… Chinese buyers able to fly in regularly now, sometimes for less than 24 hours, to inspect and purchase property” (Surrenden Invest)

The government announced its desire to attract 5bn of foreign investment for 13 major development projects with the Northern Powerhouse, with specific interest in those investors from China.

These projects include but are not exclusively residential developments; however overseas interest in property located in the North of England has increased significantly throughout the course of this year with Chinese buyers specifically attentive of Manchester’s housing market.

Chancellor Philip Hammond, who is due to reveal his first Autumn Statement next week, has voiced his thoughts on the UK’s relationship with China, explaining the significance of tapping into the current Chinese market as “our trade relationship with China is now more important than ever”.

And it seems Brexit is no deterrent as China’s already healthy appetite for UK property is only growing. According to Chinese diplomat Sun Dali, Chinese investors’ love affair with the Northern Powerhouse, Manchester in particular, began when President Xi Jinping visited the UK’s second city last year.

Jonathan Stephens, Managing Director of leading property consultancy Surrenden Invest, has certainly noticed a rise in Chinese buyers directing their investment toward Manchester. He explains,

“Interest for the local property market has increased from Chines buyers as Manchester’s credentials as an investment hotspot continue to increase, not only leading the Northern Powerhouse but also challenging London as the buy-to-let capital of the UK.

“Accessibility is crucial for overseas investors and with Manchester’s regional airport now welcoming regular direct flights from China, investment to the city is subsequently thriving. We have already witnessed this improved connectivity impact the Manchester housing market, with Chinese buyers able to fly in regularly, sometimes for less than 24 hours, to inspect and purchase property in the city centre.”

Surrenden Invest’s most recent addition to its Manchester’s portfolio is Artillery House. Situated in a prime position in the heart of the city, Artillery House epitomises the kind of modern, luxury development that investors are keen to profit from and tenants are keen to rent.

The low-carbon technology, boutique development in Manchester’s ‘Golden Triangle’ boasts 12 high end apartments from £120,000, with assured returns of 7.5% NET. To discover more about Artillery House, please visit the following link https://vimeo.com/178165870.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

Mull it over: Living near the UK’s best Christmas markets

Mull it over: Living near the UK’s best Christmas markets

United Kingdom , ,
Crisp cold days, wrapped up warm in scarves and bobble hats, toes toasty in winter boots, Christmas tunes playing and the delicious smell of mulled wine – there’s something special about visiting a Christmas market.

Germany is known for its seasonal markets. The Christkindlesmarkt in the medieval city of Nuremberg can stake a pretty strong claim as being the most popular in Europe with a market dating back to 1628.  People also flock to Dresden Streizelmarkt, which has a market that heralds back to 1434.  This city perched on the edge of the River Elbe is famed for its delicious fruit and marzipan packed stolen.

In the UK we are relative newcomers to the Christmas Market scene but nonetheless, in true British style, we have immersed ourselves into creating a selection of the most fabulous markets, so much so that travelling to Europe is no longer a necessity to get your festive fix.

Christmas Markets are right here on our doorsteps.  A sizzling bratwurst and a cheeky gluwein are not as far away as you might think.

Birmingham – To get the full on authentic German experience you don’t have to head off overseas, twinned with Frankfurt the incredibly friendly Brummie capital has a fantastic German market with over 180 craft stalls.

London – Hyde Park plays host to over 100 stalls, the UK’s largest outdoor ice rink, a circus, Ferris wheel and a Bavarian village. For those who want to continue the fun, head off to the Southbank which hosts its own Christmas market on the Thames.

Manchester – It’s Christmas market was launched in 1999 as just a single site in St Ann’s Square. Today the market is a sprawling and hugely popular festive attraction which attracts millions of visitors each year.  This Christmas Market is not just a fabulous place to shop but has become a leisure destination in its own right. No Mancunian winter is complete without a wander through the chalet-lined streets of Manchester.

Wales – It also boasts a fabulous selection of festive markets. The charming Victorian seaside resort of Llandudno is home to the rapidly growing Christmas Fayre offering 165 stalls in the centre of town.  This gorgeous town was voted best seaside resort in the UK in 2016 and 4th overall as best UK destination to visit by TripAdvisor, coming in behind London, Edinburgh and Liverpool.

For those fortunate enough to live close to a Christmas market there are wonderful advantages.  Being able to stroll out of your front door and do some Christmas shopping in the open air is such a treat.

 

Homes close to Christmas markets:

For student living in Birmingham look no further than 800 Bristol Road, it is an exclusive luxury student accommodation in the heart of Birmingham’s buzzing Selly Oak area. From £199 per week.

Or Brook Studios also in Birmingham, newly refurbished, premium rooms designed especially for students just a few minutes’ walk from the Edgbaston campus of the University of Birmingham.  From £172 per week.

For more information, visit www.collegiate-ac.com or contact Collegiate AC on 01235 250 140.
For those in the capital, Royal Docks, London gives easy access to the ExCel exhibition centre with shows like Simply Christmas to indulge retail passions or why not hop on the DLR to the West End and enjoy the Hyde Park Christmas Market.

Hoola, located in the Royal Docks, is a sustainable residential complex with two vertically identical 23 and 24 storey towers boast stunning rippling glass balconies that surround the apartments as well as floor-to-ceiling windows providing breath taking skyline views.  One bed apartments from £500,000.

For more information, please visit http://propertiesoftheworld.co.uk/ or call +44 20 7624 5555.

Looking north to Manchester and property agency Surrenden Invest has a fabulous new addition to its Northern Powerhouse portfolio.  Artillery House is situated in a prime position in the heart of the city and it epitomises the type of modern, luxury development that investors are keen to profit from and tenants are keen to rent. These apartments are just 5 minutes from the Albert Square Christmas Market.

The low-carbon technology, boutique development in Manchester’s ‘Golden Triangle’ boasts 12 high end apartments from £120,000, with assured returns of 7.5% NET.

For  more information visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

If you’re thinking of visiting North Wales for your festive fix then this unusual investment in a late Victorian country retreat is a must. Caer Rhun Hall, Conwy Valley, North Wales is undergoing refurbishment to create a perfect destination for a peaceful year-round country escape, Caer Rhun will become the region’s most exclusive hotel for guests, weddings and conferences.

Purchasers will also be given two free weeks’ personal usage at the hotel per year with full access to the splendours of this beautiful 5-star retreat.  Prices start from £75,000 and with an incredible return of 10% NET for 10 years, and an assured buy-back of 125% of the purchase price

For more information, please visit  http://propertiesoftheworld.co.uk/ or call +44 20 7624 5555. 

Manchester property market remains in a league of its own

Manchester property market remains in a league of its own

United Kingdom
  • Manchester properties on the market for just 60 minutes before being let (Purplebricks)
  • Surrenden Invest experience influx of overseas investors during latest sterling slump
  • Artillery House epitomises the luxury development that investors are keen to profit from and tenants are keen to rent (Surrenden Invest)

Manchester continues to lead the Northern Powerhouse as the strength of its housing market builds. As one of the UK’s thriving second cities, Manchester has become an investment honeypot for more and more domestic buyers and those from overseas.

Demand for high quality property stock in Manchester is rising rapidly and competition is fierce, with online estate agent Purplebricks revealing that properties in the city have been on the market for only 60 minutes before being let.

And this fast-paced market promises to advance on a positive trajectory, with the Greater Manchester Housing Investment Fund announcing plans this month for more than £20 million in loans to support the development of new housing in the city.

Combine this with a significant slump in the value of sterling over the last few days and Manchester’s market quickly becomes the picture-perfect environment for foreign investors looking to the UK.

Jonathan Stephens, Managing Director of leading property consultancy Surrenden Invest, has certainly witnessed this growth in overseas buyers looking to Manchester for their ideal investment.

He explains,

“Here at Surrenden Invest we have already seen an influx of overseas buyers over the last nine months, with enquiry levels going through the roof when the pound falters, a perfect example being last Friday’s ‘flash crash’. Overseas buyers who may have been sitting on the fence are presented with a window of opportunity to exploit a volatile sterling.

“Our international investors are especially prevalent in Northern UK cities such as Manchester, where rental yields far exceed that of their South Eastern counterparts. And that, combined with a lower entry point and strong market fundamentals, will further drive the sales of new build developments in the North as the market opens itself not just to portfolio buyers but one-time investors looking to cash in on the current exchange rate.”

Surrenden Invest’s most recent addition to its Manchester’s portfolio is Artillery House. Situated in a prime position in the heart of the city, Artillery House epitomises the kind of modern, luxury development that investors are keen to profit from and tenants are keen to rent.

The low-carbon technology, boutique development in Manchester’s ‘Golden Triangle’ boasts 12 high end apartments from £120,000, with assured returns of 7.5% NET. To discover more about Artillery House, please visit the following link https://vimeo.com/178165870.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

The North heads South to MIPIM en masse to corner new real estate business opportunities

The North heads South to MIPIM en masse to corner new real estate business opportunities

United Kingdom , ,
  • Manchester offering strong returns on stylish homes (Surrenden Invest)
  • Northern cities providing something ‘a cut above the average’ (Properties of the World)
  • Liverpool flagged as 2017 property investment hotspot (Property Frontiers)

The much celebrated MIPIM UK property industry extravaganza will take place at London’s Olympia from 19-21 October 2016.

Sir Howard Bernstein, Chief Executive of Manchester City Council, will be among those attending, along with a strong contingent of his peers from the North of England. The Northern team will be attending en masse in order to show that the North remains open for business, despite the ongoing distraction of Brexit. Bernstein comments,

“MIPIM is the first major real estate event since the EU referendum and I’m looking forward to reinforcing the importance of Manchester and the north to the UK economy. The event will be a great opportunity to discover the diverse investment and development opportunities the north has to offer.”

Manchester is certainly generating some interesting real estate investment opportunities at present. In a prime position in the heart of the city, Halo epitomises the kind of modern, luxury development that investors are keen to be profit from and tenants are keen to rent. The high profile development boasts 66 stylish apartments, with projected 6.2% NET yield through Surrenden Invest.

Manchester, along with Birmingham and London, sits among Europe’s 20 largest cities, according to Centre for Cities. Investment opportunities there are attracting both domestic and international interest. Jean Liggett, CEO of visionary property investment consultancy, Properties of the World, offers several opportunities to investors keen to pick up northern real estate. She agrees that contemporary developments with a luxurious feel are prime targets for investors, commenting,

“Northern UK cities offer rich pickings right now when it comes to real estate opportunities. Buyers are looking for something a cut above the average in excellent locations. Popular properties are those that are well located for both local employment opportunities and retail and leisure amenities. Salford Quays is precisely the kind of area that investors can’t get enough of.”

The popularity of design-led apartments such as those at The Element add weight to Liggett’s words. The stylish homes offer urban convenience at every turn, from their prime Salford Quays location to the availability of on-site parking – an important consideration that is often bypassed by such central city developments. Apartments at The Element start from £112,970 and offer 7% NET assured returns for two years.

But it’s not just Manchester’s real estate that has got investors so excited about opportunities in the North. Ray Withers, CEO of Property Frontiers, explains,

“We’re seeing a lot of interest in the property investment opportunities available in Liverpool right now. Liverpool is a growing city and centrally located accommodation that offers something unique is winning over a lot of interest from investors. Liverpool’s prices are still a little below their 2007 peak and a lot of those in the industry are flagging it up as an investment hotspot for 2017.”

Withers cites Parker Street Residences as an example of the kind of property that stands out from the crowd. Located within the central, L1 postcode area, the development has blended the exterior façade of the former Reece’s Ballroom with an ultra-contemporary interior. As well as a low entry point (studios are priced from £69,950 for cash buyers) and yields of 8% NET, investors can enjoy owning their own piece of Beatles history, as Reece’s was the location of John Lennon’s first wedding reception.

International and local investors flock to MIPIM UK every year for just these kind of investment opportunities and the message at the October show from the North of England will be clear: the real estate sector in the North is alive and well.

For more information, please contact:

Surrenden Invest: +44 203 3726 499 or www.surrendeninvest.com

Properties of the World: +44 20 7624 5555 or www.propertiesoftheworld.co.uk

Property Frontiers: +44 1865 202 700 or www.propertyfrontiers.com

Influx of ‘one-time’ investors swapping stocks for bricks and mortar reports agency

Influx of ‘one-time’ investors swapping stocks for bricks and mortar reports agency

United Kingdom
  • Investors abandon institutional investment products for more favourable returns on capital (Surrenden Invest)
  • We have seen an influx of inexperienced investors who have never considered property for investment before, one time investors (Surrenden Invest)
  • Buy in the best areas and don’t compromise on location, especially when buying outside of the Capital (Surrenden Invest)

This summer, savers across the country witnessed the Bank of England cut UK interest rates to a record low of 0.25%. Will this cause a shift in how people are planning to invest in the near future?

Jonathan Stephens, Managing Director of property consultancy Surrenden Invest, believes the move towards alternative investment opportunities has already begun. He explains,

“With interest rates at their lowest since the Bank of England was founded in 1964, investors are abandoning institutional investment products for others that offer more favourable returns on capital. Just last week I received a letter from my bank informing me that my personal current account would no longer attract interest, the letter then when on to say that my savings accounts would also be subject to review next month. So the big question savers face is where to invest their hard earned cash?”

However, for many this change will mean venturing into unknown territory which can be unnerving for those wanting to make the best decision for their future finances. With the property market not faltering as predicted post Brexit, investors are looking to the buy-to-let landscape for a chance to make to most of their money.

Jonathan continues,

“We have seen a huge influx of relatively inexperienced investors who in most cases have never considered property for investment before. These clients are what we call ‘one time’ investors who, in contrast to our large portfolio clients, are unlikely to be in a position to invest the same levels of capital again. These investors are looking for a one-time opportunity to get into property to secure their financial future.

“My advice is to tread very carefully as there are companies currently exploiting market conditions, promising colossal returns over a relatively short period of time and these are mainly what we refer to as alternative forms of property investment.

“In my experience the best property investments are the simplest ones, if it isn’t broken don’t fix it. So why invest in something which is trying to re-invent the wheel? Our advice is to buy in the best areas and don’t compromise on location, especially when buying outside the Capital.”

Surrenden Invest offer traditional forms of buy-to-let investment across the UK, with stock in the key markets of London, Birmingham, Manchester and Liverpool. They are committed to providing realistic levels of return on their projects.

Jonathan concludes,

“If an investor called us today we would set their expectation at around 6% net rental income and 3%-5% capital growth, with an annualised yield over 5 years upwards of 10% net. Surrenden Invest aims to under promise and over perform; our projections are effectively a worst-case scenario.

“One of the great things about traditional buy-to-lets is their simplicity, therefore it is possible to request all the fixed costs, for example the ground rent, service charge and management fees, and off set those against equivalent apartments currently available to rent on Rightmove or Zoopla. This is a very easy way to find out how realistic the projected returns are.”

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.