SALFORD, MANCHESTER NORTH WEST ENGLAND...A devolution deal with Greater Manchester and the UK’s...

SAL FORD , MANCHESTER NORTH WEST ENGLAND

MIDDLEWOOD P LAZA , MANCHESTER

LUXURY READY- TO - RENT FURN I TURE PACKS AVA I LAB LE

P R ESENT ING MIDDLEWOOD P LAZA


Middlewood Plaza is an exciting new development in the heart of the Middlewood Locks regeneration zone, just 10 minutes’ walk from Manchester city centre.

Consisting of stylish apartments, townhouses and duplexes and located in the popular Salford area, Middlewood Plaza is the ideal investment property for those looking to be a part of North West England’s bright future. The impressive development features split-height blocks of six and nine storeys, with a total of 127 homes across the site, in the largest of Manchester’s three main regeneration corridors.


The contemporary Middlewood Plaza development has been designed to suit the needs of urban professionals working in both Salford and Manchester city centre. The mix of apartments, townhouses and duplexes will offer an appealing, family environment to those wanting luxurious city centre living in an outstanding location.

With high quality kitchens and bathrooms fitted as standard, Middlewood Plaza will present a superior quality apartment to the Manchester rental market, offering investors an exciting and unique development with broad appeal. The bright, spacious apartments are complemented by a superb roof terrace, with views over the city, to which all residents enjoy private access.

Middlewood Plaza also benefits from secure, underground parking, cycle bays and smart technology. All apartments are wheelchair accessible in order to accommodate as diverse a group of residents as possible.

ON LOCAT ION

As well as residential accommodation, the £1 billion Middlewood Locks regeneration zone is set to offer extensive leisure facilities and amenities including a gym, hotel, bars, restaurants, nursery and medical centre.

Middlewood Plaza is located in the heart of Middlewood Locks, which provides pedestrian access between Salford and Manchester city centre. Cycle access is in the process of being added, furthering the area’s excellent connectivity.

Road and rail access to Middlewood Plaza is terrific, with Liverpool Street Bus Station 100 Metres and Salford Central Train Station 750 Metres away from the Development. The M602 Motorway can be reached within two minutes. The prime location will provide residents with easy access to all that Salford and Manchester have to offer, from their employment opportunities to their leisure facilities.


- Perfectly located at the gateway to Manchester

- Smart technology included as standard, for a future-proofed development

- Appealing mix of apartments, townhouses and duplexes

- High quality kitchens and bathrooms included as standard

- Secure underground parking

- Dedicated cycle bays

- Fully wheelchair accessible apartments

- All apartments serviced by fully maintained lifts

- Whole-house ventilation and sprinkler system protection

- Private roof terrace access for all residents

P ROPERTY H IGHL IGHTS


MANCHESTER INVESTMENT CASE GVA for Manchester in 2016 stood at £17,896 million. GVA per head stood at £33,063 in 2016 – 4.2% higher than in 2015 and 125.6% of the national rate.

£17.896million

40% of North West

18.2%

2.8% per year

£72 billion by 2024

25,780

GVA 2016

Greater Manchester accounts for 40% of GVA in the North West

ANNUAL GVA GROWTH - GREATER MANCHESTER

MANCHESTER’S EMPLOYMENT OUTLOOK

Business growth rate

GVA forecast to grow 2.8% per year from 2014-24 (above North West annual average of 2.6%)

- UK’s 6th largest city and 2nd most populous urban area

- The city had an estimated population of 530,300 in 2016

- Manchester saw an active business growth rate of 18.2% in 2016, compared to a national average of 6.1%

- Employee numbers rose from 335,000 in 2014 to 375,00 in 2016

- Business, financial and professional services in Greater Manchester generate GBP16.2 billion of GVA annually

- Health and social care generates GBP4.2 billion of GVA annually in Greater Manchester

- 110,000 new jobs will be created by 2024, with 36,000 more office jobs expected in Central Manchester over the next decade

- Disposable income of Manchester residents is forecast to grow by 28% over the next decade

Greater Manchester GVA forecast to increase to more than GBP72 billion by 2024

Active businesses

GROSS VALUE ADDED (GVA) IS A MEASURE OF THE VALUE OF GOODS AND SERVICES PRODUCED IN AN AREA, INDUSTRY OR SECTOR.

FAST FACTS

324,000 employees£16.2 billion of GVA annually Main centre for business, financial & professional services outside London

63,500 employees£3.1 billion of GVA annually Largest digital and creative clusters in the UK

123,000 employeesNearly 1 in 10 residents works in manufacturing

54,000 employeesNearly 1 in 20 residents works advanced manufacturing

£3.9 billion of GVA annually

MANCHESTER INVESTMENT CASE

Virgin Media Business supporting superfast broadband rollout in Manchester for small businesses and start-ups.

A devolution deal with Greater Manchester and the UK’s first metro-wide elected mayor outside London from May 2017

Flagship Factory cultural venue to add 1,500 FTE jobs and £1.1 billion to the city’s economy over 10 years

2018 Great Exhibition of the North to celebrate creativity, culture and design

£10m innovation fund to boost small to medium businesses in Greater Manchester and Cheshire

£6 billion of investment in the North’s roads, to reduce congestion and enhance connectivity

New modern trains and 20% more capacity to tackle overcrowding

Manchester to London journey time to be cut to 1 hr 8 mins by HS2 rail network (currently 2 hrs 8 mins)

Manchester to Birmingham journey time to reduce to 41 mins with HS2 (currently 1 hr 28 mins)

In 2017, Prime Minister Theresa May announced a newly-allocated cash injection of £556m for the Northern Powerhouse. It followed the 2014 announcement from UK Chancellor of the Exchequer George Osborne of £7 billion of investment for the business, culture and infrastructure of the North of England. Manchester is at the heart of the Northern Powerhouse, which also includes Liverpool, Leeds, Sheffield and Newcastle.

- Manchester is leading the growth of city centre living in the UK

- City centre growth driven by young professionals (those aged 35 and under who hold a degree)

- City centre employment will surpass 400,000 jobs by 2025

- Manchester’s population is expected to exceed 625,000 by 2025

- A backlog from several years of housing undersupply has now reached over 40,000 homes, putting pressure on supply

- Manchester house prices rose at the fourth fastest rate in the UK in the year to December 2017 (at 7.0%)

- The city centre is expanding outward to accommodate demand from new residents and businesses

- Greater Manchester’s population grew by 7.2% (183,100) between mid-2004 and mid-2014 and is expected to attract more than 500,000 new residents by 2025

- Home to 1.17 million households, with 2.73 million residents

- Over 7 million workers within an hour’s drive – the largest travel-to-work area of any UK conurbation (except London)

- Expected net gain of 110,000 jobs in the decade to 2024

CITY CENTRE GROWTH

GREATER MANCHESTER GROWTHManchester’s population is projected to grow from 530,300 people in 2016 to 625,000 by 2025.

DOUBLE THE UK’S GROWTH RATE

650

625

600

575

550

525

2016 20202018 2022 20242017 20212019 2023 2025

530,300

625,000

7.0%

+%

26.4%4.2% 8.25%

1/3£100

34.36%26.85%

Manchester property prices rose by 7.0% in the year to December 2017, the fourth fastest rate in the UK.

Home price inflation hit its highest rate for 12 years in 2016, due to an under-supply of homes.

Manchester house prices projected to grow by 26.4% over next five years.

Manchester rents predicted to rise by 4.2 per cent per year for the next five years.

Manchester postcodes boast two of the highest average buy to let yields in the UK, at 8.25% (M6) and 7.98% (M14).

The average apartment in Manchester is just over a third of the price of a London apartment.

1400

1200

1000

800

600

400

200

0

2012

2013

2014

2015

2016

1 Bedroom 2 Bedrooms 3 Bedrooms

Monthly rents up by more than £100 year on year in central Manchester.

Manchester property prices up 34.36% over past 5 years.

At 26.85%, Manchester has one of the highest proportions of private renters in the UK.

MANCHESTE R SALES & RENTAL MARKET

SALES MARKET

RENTAL MARKET

AVERAGE RENTAL VALUES IN MANCHESTER

THE MANCHESTE R PROPERTY MARKET


Properties in Manchester have increased in value by an impressive 29.22% over the past five years, according to February 2018 data from Zoopla. Apartments have fared better than average, enjoying an increase of 32.01%.

Demand for residential accommodation in Manchester is high. The city is undergoing rapid change and growing at a rate of around 2,000 homes per year. This is to house Manchester’s rapidly growing population, which is expected to increase from 530,300 in 2016 to 625,000 by 2025.

This is creating an excellent opportunity for buy-to-let investors looking to address the city’s housing undersupply backlog, with some estimates showing the need for as many as 40,000 additional homes.


Middlewood Plaza marks the start of a new era for Salford’s residential sector and those who invest in it. The development is set to capitalise on the enormous economic potential of the Middlewood Locks regeneration zone, as well as benefit from the host of amenities that the completed district will provide.

The apartments themselves are perfectly suited to the energy and dynamism of this newly defined location. Ultra-contemporary interiors will feature high specification bedrooms, kitchens and bathrooms as standard, while all apartments will meet with the new Design Space Standards.

Smart technology will provide residents with the most modern of property tech, while each apartment benefits from whole-house ventilation and a sprinkler protection system.

These thoroughly modern homes are set to appeal to Salford and Manchester’s growing class of young, professional urbanites, who demand the very best from their city centre lifestyle. That includes the quality of their accommodation and the best location, with Middlewood Plaza providing the perfect balance of both.

From a property investment standpoint, this is excellent news. A prime location, backed by a superb quality build, in an area packed with potential for capital gains thanks to the extensive regeneration work taking place, is the ideal combination for those looking to profit from buy-to-let.

U LT RA -CONTEMPORARY HOMES ARR IVE IN SA L FORD

RIVER IRWELL

MANCHESTER

SA L FORD

Manchester Central

Old Trafford

MediaCityUK

University of Salford

Arndale Centre

Debenhams

Sainsbury’s Megastore

Manchester Opera House Chinatown

Bus Station

SpinningfieldsEthiad

Stadium

Manchester Royal

Infirmary

Manchester Academy

Manchester Airport

Manchester University

The Printworks

Harvey Nichols

The Quays

Salford Central

Deansgate

Oxford Road

Salford Crescent

Manchester United Football Ground

Clarendon Park

The Meadow

Ordsall Park

CONNECT IV I TYDESTINATION DISTANCE

Liverpool Street Bus Stop 0.1 Miles

Sainsbury’s Megastore 0.3 Miles

University of Salford 0.7 Miles

Salford Central Train Station 0.8 Miles

Spinningfields 1.0 Mile

Manchester Opera House 1.0 Mile

Harvey Nichols 1.1 Miles

Deansgate, Manchester City Centre 1.3 Miles

Arndale Centre 1.3 Miles

The Printworks 1.4 Miles

Debenhams 1.5 Miles

Chinatown District 1.5 Miles

MediaCity UK 1.5 Miles

Oxford Road Station 1.6 Miles

Manchester University 1.8 Miles

Manchester United Football Club 1.9 Miles

Manchester Royal Infirmary 2.7 Miles

Manchester City Football Club 3.1 Miles

Manchester Airport 9.9 Miles

M IDD LEWOOD P LAZA , MANCHESTER

TRA

FFO

RD R

OA

D REGENT ROAD

A57

A57

TRIN

ITY W

AY

M602ECCLES NEW ROAD

ORDSALL LANE

A56

A506

3

A6

P R IME LOCAT ION FOR TODAY AND TOMORROW

With the Manchester Bolton and Bury Canal running through the heart of the neighbourhood, Middlewood Locks is an attractive area that will offer a unique living environment. The 24.5-acre site is exceptionally well connected, with Manchester city centre within easy walking/cycling distance. Main transport links are just a mile away.

The local area features a host of key developments, including the University of Salford and the Crescent District. The Greengate regeneration is reviving 13 hectares, in order to reconnect the historic centre of Salford with Manchester’s modern, vibrant city centre. Meanwhile, Irwell River Park is creating an international waterfront destination that will benefit from a range of environmental and access improvements, creating opportunities for sustainable transport, as well as commercial and residential development.

In addition, the Bridgewater canal corridor will feature the restoration of key heritage sites, as well as public realm and access improvements, along with new residential, commercial and leisure amenities. On the commercial side of things, Digital Village is home to a new business development that will mix historic features like Ordsall Hall with modern economic opportunities. Business, creativity and leisure opportunities are also blended at the nearby Soapworks. Then there’s the tri-modal inland port facility and distribution park development known as Port Salford… whichever way you turn, Middlewood Plaza is at the heart of a prime regeneration location that clearly marks the future direction of the Greater Manchester area.

Middlewood Locks is the largest of three regeneration corridors that make up an ambitious renewal programme for Manchester and Salford. It is being built around existing retail parks, with regeneration work running from 2015 to 2030.


A C I T Y OF CULTURE

Greater Manchester has its own unique culture, from its notable architecture to its lively arts scene. Manchester has been a leading light in terms of its artistic prowess since the Art Treasures of Great Britain exhibition in 1857, which presented more than 16,000 works of art. The modern-day city is home to six impressive art galleries, as well as a number of museums.

Superb theatres and live music venues also abound and Manchester is intrinsically linked with the growth and success of the UK music scene thanks to the rise of Northern Soul in the 1960s. From large venues like Manchester Opera House to smaller establishments supporting developing local talent, the city has plenty to offer in terms of its cultural attractions.

Of course, Manchester is also famous around the world for its sporting prowess, with Manchester United FC inspiring global admiration. As well as football, the city also offers an enticing environment for fans of cycling and athletics. The legacy of the 2002 Commonwealth Games, which Manchester hosted, has done much for the breadth of the city’s sports offering.

Also home to an excellent nightlife scene and a staggering array of shops and boutiques, Manchester has everything that modern city dwellers could hope for in terms of leisure pursuits. This has played a large part in the city’s rapid growth over the past decade, which in turn has created an exceptional and ongoing opportunity for buy-to-let property investors.


BU I LD ING WITH THE BEST

The visionary team at The High Street Group are the driving force behind Middlewood Plaza. Headquartered in Newcastle, the group has an extensive understanding of the North of England, from the focus of its regeneration aims to its unique architecture.

The High Street Group is a leading financial and property group that has built a reputation as one of the

most recognised and trusted brands in the North. Spanning development, construction, hospitality and

leisure, the group operates across multiple sectors in order to deliver superior quality projects.

With over a decade of experience to call upon, The High Street Group has enjoyed rapid expansion.

It employs more than 100 staff in its headquarters alone and provides services across the UK.

The High Street Group currently has developments under management in excess of £300,000,000.

Middlewood Plaza is its leading project in Manchester, encompassing the very best of The High Street

Group’s design and development expertise.

FACT SHEET


P a y m e n t P l a nR e s e r v a t i o n F e e : £ 5 , 0 0 0E x c h a n g e o f C o n t r a c t s : 2 5 % m i n u s r e s e r v a t i o n f e eO n C o m p l e t i o n : 7 5 %

C o n s t r u c t i o n S t a r t D a t e : O c t o b e r 2 0 1 8P r a c t i c a l C o m p l e t i o n : O c t o b e r 2 0 2 0

S e c u r e I n v e s t m e n t : L a n d p u r c h a s e d w i t h d e v e l o p m e n t f u n d i n g a l r e a d y i n p l a c e .

B u y e r s S o l i c i t o r s : P L S S o l i c i t o r s ( R e c o m m e n d e d f o r M i d d l e w o o d P l a z a )

V e n d o r s S o l i c i t o r s : H a y & K i l n e r L L P

H i g h Q u a l i t y C o n t r a c t o r : U n i t e d L i v i n g

D e v e l o p e r : T h e H i g h S t r e e t G R P L i m i t e d

U n i t T y p e s : 1 B e d , 2 B e d , D u p l e x , T o w n h o u s e

S t a r t P r i c e s : £ 1 5 4 , 5 6 4

B u i l d i n g : U n d e r g r o u n d P a r k i n g + G r o u n d + 8 F l o o r s .

A m e n i t i e s : C o m m u n a l G a r d e n s , R o o f G a r d e n , E v e n t & E n t e r t a i n i n g S p a c e .

We make no representation or warranty of any kind with regard to the information contained in this brochure and none of the information shall be

treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence

before making the decision to invest. Any opinions expressed in this document are not statement of facts.

SALFORD, MANCHESTER NORTH WEST ENGLAND...A devolution deal with Greater Manchester and the UK’s...

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