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TAKE A LOOK INSIDE ONE OF GREATER MANCHESTER S MOST SOUGHT-AFTER RESIDENTIAL DEVELOPMENTS BRIDGEWATER.3
BRIDGEWATER THE CONTENT 06 08 THE DEVELOPMENT Discover Greater Manchester s latest luxury residential development: a mixture of 53 stunning studios, 1, 2 and 3 bedroom apartments. THE DESTINATION Bridgewater Gate is situated perfectly between the thriving city centre of Manchester and the flourishing city of Salford. Discover more about the area. 16 THE OPPORTUNITY Why invest? Discover why Bridgewater Gate is the perfect buy-to-let opportunity. 18 THE OVERVIEW Get to know the development better by exploring Bridgewater Gate s site plan and example layouts. 4.
24 THE FACTS & PROCESS Find out more about the purchase process and what steps to take next. 26 28 THE DEVELOPER Meet the highly experienced developer behind Bridgewater Gate and view a snapshot of their extensive portfolio of both student and residential properties. THE MANAGEMENT Learn about the experienced lettings and management companies in place who will expertly manage your investment..5
BRIDGEWATER THE DEVELOPMENT Situated on Woden Street, just off Ordsall Lane, Bridgewater Gate is the latest addition to Greater Manchester s thriving property market. This unique buy-to-let opportunity consists of 53 fashionable apartments in a new-build development right in the heart of the flourishing city of Salford, Greater Manchester. You as the investor are able to choose from a variety of spacious studios and boutique one, two and three bedroom apartments available fully furnished* with quality features, modern fixtures and elegant finishing touches. Bridgewater Gate promises to be a state-of-the-art property spread over six floors, maximising floor space and creating stunning views over Greater Manchester and its canals. * furniture subject to an additional charge A selected range of apartments additionally benefit from having access to terraces and balconies, whilst all residents will be able to enjoy the perks of having a charming communal rooftop garden. Its location in Salford means that Bridgewater Gate is a short journey away from both Manchester s bustling city centre and MediaCityUK, one of the UK s most successful business and media hubs. Bridgewater Gate is one of the most opportune buy-to-let investments in Greater Manchester, combining luxurious modern design with the serenity offered by beautiful, enclosed green space. 1billion has been contributed to the local economy by MediaCityUK Salford Council, 2015 Bridgewater Gate, Greater Manchester 6.
The Printworks & The Arndale Centre, Manchester 100million has been invested in Salford in the form of regeneration and development projects MediaCityUK, Salford Quays Salford Council, 2015.7
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BE IN THE HEART OF THE ACTION Spinningfields, Manchester.9
BRIDGEWATER M602 Motorway THE LOCATION MediaCityUK Harbour City Bridgewater Gate s location is second to none. Residents are surrounded by a range of amenities such as shops, bars, restaurants and theatres. Right on the property s doorstep are a number of tram and bus stops connecting tenants directly with the rest of Greater Manchester. Easy access to nearby main roads and motorways furthermore means that travelling to neighbouring cities is quick and easy. MediaCityUK Salford Quays The Lowry Theatre Exchange Quay Bridgewater Gate Amenities Water Network Tram Network Train Network M602 Motorway Old Trafford Stadium Old Trafford Pomona Old Trafford Manchester Airport 10.
.11 NORTH Cornbrook Deansgate Castlefield Manchester Piccadilly Manchester Piccadilly Ardwick Salford Crescent Salford Central Manchester Victoria Manchester Victoria Manchester Ring Road Deansgate Castlefield Manchester Ring Road River Irwell Etihad Campus Trafford Bar Market Street Etihad Stadium Manchester Central Beetham Tower Arndale Shopping China Town M.E.N Arena City Centre BRIDGEWATER
BRIDGEWATER SALFORD Greater Manchester is a conurbation of ten boroughs including the two cities of Salford and Manchester. Salford is a city that has recently grown in both reputation and popularity. It is the more rural of the two, with vast green spaces and the River Irwell meandering throughout the city. With the relocation of both the BBC and ITV to Salford s MediaCityUK (one of the leading digital industry hubs in Europe), the city has experienced a dramatic increase in business activity and migration. This has led to a rise in value of properties and rental accommodation. In fact research by KPMG shows that the move of the BBC to Salford Quays has contributed as much as 277m to the UK s Gross Value Added in 2014/15. At the same time the population in Salford has grown rapidly: a variety of sources report that leading up to the end of the first half of 2015, its total population increased by 1.3% - bringing the overall number to 242,040. To accommodate such growth, Salford is seeing a huge amount of regeneration happening across all areas: projects include the likes of MediaCityUK, the 10 million Chapel Street Corridor transformation and the current Salford Central project worth an impressive 650 million, all of which have galvanised the city. So much so, that according to online property portal Zoopla, the value of homes experienced an upsurge of as much as 12% in the first half of 2014. Salford The Lowry Outlet, Salford Quays 12% Increase of house prices in Salford in the first half of 2014. Zoopla, 2014 Greater Manchester 12.
MediaCityUK, Salford Qauys Investors and developers alike are increasingly realising the true potential of the city of Salford. This has manifested itself in the form of approximately 3,000 new houses and 11,000 new apartments granted planning permission by Salford City Council by the end of Q1 2015. It is therefore no surprise that in 2014, Salford was titled the UK s buy-to-let hotspot by HSBC. This wonderful city is set for a bright future filled with endless possibilities in terms of infrastructure improvements, and continued inward investment. In fact, it is estimated that the city will receive in excess of 3.5bn worth of investment into non-residential property over the next 10 years. Port Salford, is a 400m conversion project of the Salford Docks aiming to create the only inland multi-modal distribution park in the UK to be reached by rail, road and sea is one of the planned regeneration projects in the Salford area that is set to enhance the local infrastructure and boost the regional economy. Additionally, by the end of 2018, the Salford Central project is due to be finished, with key elements being the transformation of Chapel Street. 3.5billion Value of investment into non-residential developments planned for Salford over the next decade. Manchester Evening News, 2015.13
BRIDGEWATER Market Square, Manchester MANCHESTER Greater Manchester is one of the most talked about areas in the UK at the moment, as it has been targeted for devolution and has been deemed as a key player in the Northern Powerhouse scheme. Of the 8 boroughs and two cities of the Greater Manchester area, it is Manchester which has shot to prominence on a global scale over the past 12 months. Repeatedly awarded titles such as buy-to-let hotspot or best place to live, Manchester is a city second to none. It has everything and anything on offer for its population no matter their interests, budgets or personalities. Not only is it home to world renowned football clubs Manchester United and Manchester City, but it also has a vast array of first-class restaurants, trendy bars, quirky cafes, excellent shopping facilities, superb museums and a variety of concert venues. Thanks to its economic strength and national importance, Manchester is booming. Businesses and people alike are increasingly realising the city s potential as a place to live, work and play, leading to rental properties in Manchester being massively sought-after. In return, this means that the buy-to-let market here is thriving, as the area is seeing rising property and rental prices, in addition to average yields of up to 8%. In line with Chancellor George Osborne s Northern Powerhouse campaign (the attempt to rebalance the British economy by closing the economic gap between the North and South), Greater Manchester has received a 1bn Devolution Deal, which has gained it increased inward investment from both national and international investors. 1.4% House prices in the North West grew by 1.4% in the year leading up to Q2 2015. Nationwide, 2015 Manchester Greater Manchester 14.
Spinningfields, Manchester This has especially become clear as of late, as Manchester is seeing an increasing number of joint venture projects with Chinese firms and investors, following the state visit of Chinese President Xi Jinping in 2015. One example case is Airport City, an 800m collaboration project between the Manchester Airport Group and the Beijing Construction Engineering Group. Consequently, Manchester s busy airport is receiving a make-over in terms of new direct-flight destinations, a new terminal and an enhanced surrounding infrastructure network. As an increasing number of plans and projects are revealed, Manchester can prepare to see its local economy grow, particularly thanks to a surge of businesses and professionals relocating to the area. Manchester is a confident, international city, strengthened by hugely successful partnerships between the public and private sectors that have helped drive an engine of growth larger than anywhere else outside of London and the South East. Sir Richard Leese, Manchester City Council 2015.15
BRIDGEWATER THE OPPORTUNITY Bridgewater Gate brings a selection of excellent studios and luxurious 1, 2 and 3 bedroom apartments to market. With starting prices of 114,995 for studio apartments, this superb residential development caters for all investor budgets, needs and requirements. Spread over six floors, Bridgewater Gate raises the bar when it comes to luxurious city living: all apartments are available to investors on a furnished basis*, using only the highest quality of materials and fixtures. A range of apartments even come with the benefit of a car parking space, whilst some have access to their own private balconies or terraces. With expected NET returns of circa 6%, Bridgewater Gate presents itself as an optimal investment opportunity for savvy investors who realise the true potential of Salford as a booming buy-to-let market. * furniture subject to an additional charge 16. Bridgewater Gate, Greater Manchester
Investment options for Bridgewater Gate: Studio apartments from 114,995 1-bedroom apartments from 124,995 2-bedroom apartments from 144,995 3-bedroom apartments from 167,495 6% Expected NET rental returns of circa 6% are projected for Bridgewater Gate * All figures and floor plans are based on forecasts provided by the developer, are indicative only and are subject to change. Any financial information provided in this document is intended as a guide and does not constitute a contract..17
BRIDGEWATER THE OVERVIEW Take a look at the planned development and example layouts of the available apartments. Overall Bridgewater Gate features 53 available apartments, which are split into: 4 X Studio Apartments 22 X 1-bedroom Apartments 21 X 2-bedroom Apartments 6 X 3-bedroom Apartments Front elevation Bridgewater Gate Proposed frontal elevation for Bridgewater Gate Bridgewater Gate, Greater Manchester Manchester 18.
Rooftop Garden Terrace Garden Terrace Car Park Entrance * All plans are based on concepts provided by the developer, are indicative only and are subject to change.19
BRIDGEWATER Storage Floor Plan Studio Apartment Example apartment layout starting from 36.04sqm (392sqft) Balcony Bathroom Bedroom Kitchen Living Area Entrance 20.
Floor Plan 1-Bed Apartment Balcony Example apartment layout starting from 37.09sqm (408sqft) Kitchen Bathroom Living Area Storage Entrance Bedroom * All plans are based on concepts provided by the developer, are indicative only and are subject to change.21
BRIDGEWATER Storage Entrance Floor Plan 2-Bed Apartment Kitchen Bathroom Example apartment layout starting from 52.05sqm (565sqft) Living Area Bedroom 1 Bedroom 2 22.
Bedroom 3 Bedroom 2 Floor Plan 3-Bed Apartment Balcony Example apartment layout starting from 82.08sqm (891sqft) Living Area Bedroom 1 En-suite Kitchen Bathroom Storage Entrance * All plans are based on concepts provided by the developer, are indicative only and are subject to change.23
BRIDGEWATER THE FACTS CLIENT TESTIMONIAL Am I buying leasehold or freehold? 250 years leasehold What is the address of the site? Bridgewater Gate, Ordsall Lane, Salford M5 4UU Are there tenants already in place? No, Bridgewater Gate is a new-build development What are the projected annual returns on this project? Annual returns are projected at 6% How much is the ground rent? Ground rent is 345 per annum When is my rental income paid? Quarterly in arrears, direct into your bank account from completion of your apartment. Is there a management company in place? Yes, The designated management company is Fortis Lettings and Management, whilst Fortis Estate management will block manage the building. Are there any restrictions if I want to sell? No, Bridgewater Gate is a residential development, so you are free to sell your apartment on the open market after completion I would like to say that I am very pleased with your service. The purchase process is very good and very easy, plus the solicitors you recommend are professional. Victor Kattan, Fortis Investor 24.
1 Initial Contact Speak to your designated Property Consultant, choose your perfect apartment and pay the deposit 2 Legal Matters Both sets of solicitors are instructed, and the legal documents and sales pack sent out to you 3 First Exchange 25% of the balance is payable upon exchange of contracts 4 Second Exchange 25% of the remaining balance payable upon completion of the structural frame 5 Final Exchange Remaining balance is payable upon completion of the development.25
BRIDGEWATER THE DEVELOPER ADELPHI WHARF PHASE 2 BRIDGEWATER POINT MAID MARIAN HOUSE DEVONSHIRE HOUSE Situated just off Chapel Street, the gateway between Manchester and Salford, Adelphi Wharf is a luxury residential development bringing stunning apartments with waterfront views to market. Situated on Ordsall Lane, Bridgewater Point is the sister development of Bridgewater Gate. With 220 striking apartments, it is the perfect addition to Salford s thriving property market. Maid Marian House is an opportune student property investment in the heart of Nottingham. Investors here have the choice between classic, superior and premium studio apartments. Devonshire House is a bespoke conversion of a former office block offering tenants the choice between spacious studios and stunning one and two bedroom apartments. 26.
Fortis Developments Ltd., in partnership with Elite City Living, is one of the fastest-growing development companies in the UK, created to provide luxury developments, and to achieve and surpass the growing standards in the UK rental marketplace. Firmly established at the forefront of the industry, Fortis Developments is now one of the most experienced and extensive developers of student accommodation, luxury apartments and regeneration schemes in the UK. Fortis Developments undertake luxury accommodation and regeneration schemes in prime locations nationwide and the cornerstone of Fortis s success has been a combination of creativity and functionality. Furthermore, all residential sites built by Fortis Developments will be fully let by their lettings subsidiary Fortis Lettings & Management and block-managed by Fortis Estate Management, meaning that both property and tenant are in safe hands. View a selection of the Fortis portfolio: EAST POINT MEREBANK COURT AVALON COURT STANLEY COURT Bringing a total of 39 apartments to the local residential market, East Point is a highly sought-after development in the heart of Leeds, which raises the bar when it comes to luxury city centre living. Merebank Court is located on the edge of Liverpool s busy city centre. With its 78 boutique 1, 2, and 3 bed apartments it offers itself as the ideal buy-to-let opportunity for savvy investors. Avalon Court, a 2.5 million conversion project, is home to 98 luxury studio apartments. It is the perfect home for all students seeking high-quality, boutique accommodation in the heart of Nottingham s vibrant city centre. Stanley Court is one of Liverpool s most fantastic buy-to-let properties. As a conversion of a former office, it supplies the local property market with a total of 48 stunning studios, available to investors as premium and superior investment options..27
BRIDGEWATER Adelphi Wharf, Salford THE MANAGEMENT Fortis Lettings and Management, and Fortis Estate Management, are the companies appointed to manage Bridgewater Gate. The two subsidiaries of the Fortis brand have a full portfolio of residential properties across the UK, with current developments located in cities including Birmingham, Liverpool, Glasgow and Newcastle. Currently responsible for the letting and management of more than 1,600 apartments, you can be certain that your investment is in safe hands. Lettings & Management Estate Management 28.
DEVELOPMENT PORTFOLIO DUNN HOUSE Sold Out & Tenanted! BARD HOUSE Sold Out & Tenanted! MINERVA HOUSE Sold Out & Tenanted! ST ANDREW S COURT Sold Out & Tenanted! CENTRAL HOUSE Sold Out & Tenanted! MEREBANK COURT Sold Out & Tenanted! ALL SAINT S Sold Out & Tenanted! REDE HOUSE Sold Out & Tenanted! DEVONSHIRE HOUSE Sold Out & Tenanted! ROBERT OWEN HOUSE Sold Out & Tenanted! CHRONICLE HOUSE Sold Out & Tenanted! SOVEREIGN HOUSE Sold Out & Tenanted! NEW BANK HOUSE Sold Out & Tenanted! EAST POINT Sold Out & In Construction! AVALON COURT Sold Out & Tenanted! ADELPHI WHARF PHASE 1 Sold Out & In Construction! STANLEY COURT Sold Out & In Construction! MAID MARIAN HOUSE Sold Out & In Construction! BRIDGEWATER POINT Sold Out & In Construction! ADELPHI WHARF PHASE 2 Available for sale! BURGESS HOUSE Sold Out & Tenanted!.29
BRIDGEWATER The information contained within this document is intended as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending investor must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for representational purposes only. The content contained within is correct adhering to the previous statement at the time of publishing. 1601 - V1 30.