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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 P LAZA , MANCHESTER
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.
MIDDLEWOOD P LAZA , MANCHESTER
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.
MIDDLEWOOD P LAZA , MANCHESTER
- 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
MIDDLEWOOD P LAZA , MANCHESTER
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
MIDDLEWOOD P LAZA , MANCHESTER
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 P LAZA , MANCHESTER
MIDDLEWOOD P LAZA , MANCHESTER
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.
MIDDLEWOOD P LAZA , MANCHESTER
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.
MIDDLEWOOD P LAZA , MANCHESTER
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
MIDDLEWOOD P LAZA , MANCHESTER
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.
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