Project Name: X1 Media City Tower 4
Project Location: Media City, Salford, Manchester
Country: UK
Owner & developer: X1
Completion Date: Q3 2020
Project Type: Residential
Project Contains:
Studio, 1, & 2 bedroom apartments
24hr concierge & security with CCTV
High spec development
Private Parking
Contemporary Interiors
Number of Flats: 275 Apartments, 26 levels
Services:
Very bright flats, Bike storage, on site concierge, Communal Gardens, Allocated parking, Integrated kitchen, Contemporary bathrooms, High end fixtures and furnishings, 10year build structure warranty, Video intercom system
Location:
The reputation of Media City UK truly precedes it—since its creation in 2011, the area has gone from strength to strength, living up to its name as Europe’s first purpose-built media hub. This reputation comes in large part thanks to the BBC and ITV studios who, alongside over 250 ancillary businesses in the TMT (Tech/Media/ Telecommunications) sector, call Media City UK home.
The picturesque Salford Quays waterfront has always been a tourist destination because of its close proximity to such cultural attractions as the Imperial War Museum, the famous Lowry Theatre, and Old Trafford; home of one of the most famous football clubs in the world—Manchester United. However, since the arrival of Media City UK, the area has skyrocketed. Businesses, workers and tenants alike have flocked to the area, keen to take advantage of the up-and-coming area dubbed affectionately in the press as ‘The Canary Wharf of the North’.
Project Views: River and city views
Fees:
Service charge - £XXX year
Ground rent - £350/ year
Lawyer fees: £750 +VAT Approx.
Type of investment: 975 years leasehold
Average Price
Studio, 27M2, 291 Sq.ft. from GBP 125,000
One Bedroom, 40.5 M2, 436Sq.ft. from GBP 155,000
Two Bedrooms, 61.5M2, 662Sq.ft from GBP 205,000
Parking spaces available at £
Payment Methods
Down Payment: 25%
31st May 2018: 10%
Project Completion: 65%
The Developer
Located in the heart of Liverpool, X1
is one of the North West’s premier development companies. Dedicated to meeting and exceeding the needs of investors from the UK and overseas, X1 offers exceptionally high-quality investments in both the residential and student accommodation sectors in regional Northern cities.
All of X1’s projects have been selected and overseen by individuals that pride themselves in possessing unrivalled knowledge, experience and background in all things relating to property, from the product and market sector to location.
X1 offer an exciting portfolio of property investments in major Northern cities like Liverpool, Manchester and Leeds. Examples of their impressive roster of properties include the award-winning £50m X1 The Quarter scheme, a five- phase project in Liverpool’s waterfront quarter, as well as the highly popular X1 Salford Quays development on the border of MediaCityUK, whose three phases (with a total value of over £21m) sold out within months of being released.
In addition, X1 also offers a management service via its sister company X1 Lettings, which carries the same high level of expertise in order to manage and protect their clients’ long-term investments. With an average expected NET return of circa 6%, X1 has a track record of past developments that is second-to-none.
Manchester:
Greater Manchester is the UK’s largest conurbation outside of London, with a population of over 2.7 million. The region accounts for a huge £42bn of the country’s annual GVA (Gross Value Added) and is seen as the economic centre of the North West, thanks to playing host to the largest international airport outside the capital, as well as the largest light-rail public transport system in the UK.
In addition, the Government has put Greater Manchester at the heart of its “Northern Powerhouse” initiative, with schemes like HS2 high speed rail network allowing quick and easy access from Manchester to other major cities like Leeds and London, enhancing the city’s incredible status. With successful infrastructure already in place and schemes set to continue the region’s innovation in the future, there has never been a better time to invest in Greater Manchester.