Acre House Sale Town Centre, Manchester, M33 7WZ

Acre House Sale Town Centre, Manchester, M33 7WZ

High Yielding Apartments in Sale Town Centre, Manchester. Up to.6% discount from market value. 7.5 to 7.6% gross yield. Completed in the last month these two bed apartments are sold with a high specification to include floor coverings and appliances. The scheme is a conversion of an seven storey former office building above the main shopping centre in Sale. All major town centre retail and employment amenities are in the immediate area, whilst Manchester City Centre is 0 minutes away by Metrolink tram. The development benefits from of a new homes warranty in place for 0 years following legal completion. Forecasted yields are up to 7.6% gross.

Location Acre House, Town Square, Sale, M33 7WZ Sale Metrolink (tram) stop opposite the development Situated above The Square Shopping Centre which includes Tesco, Boots, Argos and all major banks The Trafford Centre 4 miles Manchester City Centre 5.5 miles Media City UK 4 miles Old Trafford 4 miles Manchester Airport 5.5 miles Eitihad Stadium & Campus 7 miles

Liverpool 3 miles * Birmingham 75 miles * Leeds 45 miles * London 79 miles (all mileages source: Google)

Getting Around & Local Area Sale is a town in Trafford, Greater Manchester, England with a population of 34,000. The Trafford borough forms part of the metropolitan borough of Greater Manchester which has an overall population of c..8 million inhabitants (source Wikipedia) According to a 07 study commissioned by the Royal Mail, Sale was found to be the 4th most desirable town to live in in England. The list of the most desirable areas was based on a range of factors including quality of schools, access to green spaces, good employment prospects, working hours, affordable housing and average commuting times. The Metrolink tram stop for Sale is across the road for the development providing direct frequent services to Manchester City Centre (0 minutes), Altrincham (0 minutes), Old Trafford Football and Cricket Grounds (7 minutes), Bury (45 minutes) and the Etihad Stadium & Campus (35 minutes). Connecting Metrolink lines serve Eccles/Media City UK, Rochdale, Oldham, Ashton-under-Lyne and Manchester Airport (source Transport for Greater Manchester) Connections are available at Machester Piccadilly station (served by direct Metrolink) to London, Scotland, The Midlands and all northern regional destinations. The Trafford Centre is four miles away and is the second largest shopping centre in the UK. The development is built on top of The Square Shopping Centre in central Sale which has over 50 High Street shops. The M60, M56 and M6 are within easy driving access

Prices and Availability Apt No Floor Beds Baths Sq Ft Developer Asking Discount % Discount Net to Investor Rent Gross Yield % 3 33 34 37 38 39 4 43 49 5 3 3 3 3 3 3 4 4 4 5

Apartment Layout Note that all units have this identical floor plan

Comparable Evidence Within a ¼ mile radius of the development s postcode (M33 7WZ) there are currently other apartments on the market (including properties sold subject to contract). 8 apartments are beds, the remaining 3 are beds. The cheapest two bed on the market is an ex-local authority property which is SSTC at offers over 40,000, This is further away from the Town Centre and Metrolink The cheapest available two bed apartment is also an ex-local authority property available at 50,000. This is 30,000 more than the negotiated discount prices at Acre House.

The remaining six one bed apartments on the market range in price from 59,950 to 5,000 and are all private builds. This means that the cheapest comparable property which is not ex-local Authority for sale in the vicinity is 40,000 more than the negotiated discounted prices at Acre House. 7/ of these properties are currently marked as Sold Subject to Contract or Under Offer The developer is selling a remaining one bed apartment for a similar price to the discounted prices we have agree for two bed apartments

Information Service Charge 6 PA Ground Rent - 50 PA Lease Commenced 07 Lease Length 50 Years from commencement date Warranty CRL Warranty Reservation Fee - 000 to be paid to developer. Forfeited in event of buyer withdrawal Heating Electric Parking available by separate negotiation. Asking price is 0,000 per space. Discounted price of 7,500 has been agreed.

Our Team Kevin Dickins CEO Kevin has been involved in the acquisition and sale of UK investment property for years. He has been involved in the acquisition and sale of over 000 properties in this time. Kevin has a portfolio of UK buy to let properties throughout the UK including Salisbury, Manchester, Newcastle, Surrey and Nottinghamshire. He is passionate about investors educating themselves to ensure they understand their genuine net investment returns rather than making speculative property investments. Anita Hewlett Office Manager Anita worked in funds and fund valuation with Lloyds TSB for years and then in pensions with Capita for 3 further years. On top of this Anita has nearly 0 years experience in residential property sales and property management. Harvey Mills Head of Sales Harvey is a former Martin and Co director, he has worked in the property industry for over 30 years. As well as being Senior Sales Advisor he also oversees our property management business and our planning consultancy matters. Patricia Hakong Finance Director Patricia Hakong is a Chartered Accountant, with extensive experience in finance, risk management, and regulatory compliance in the general insurance and financial services sector. Her main areas of focus in the last 5 years have included management, financial and regulatory reporting; risk management; internal audit; catastrophe loss modelling; and capital setting, principally in the Lloyd s market. Gareth Frampton Head of Operations Gareth has been involved in Broadgate since its incorporation, his main areas of focus are our sales progression and finance departments. He previously worked with financial advisors Edward Jones. Danielle Koureas Property Investment Advisor Danielle has worked as a Property Investment Advisor for 4 years. Initially in Australia but she has now been working in the industry in the UK in excess of years. Patricia Dickins Marketing Patricia Dickins has worked in property investment marketing for 8 years. She compiles our brochures and looks after our website.

Head Office: Cheviot House, 69-73 Castle Street, Salisbury.SP 3SP Tel: 07 58063 London Office: th Floor, The Broadgate Tower, 0 Primrose Street, London ECA EW Tel: 007 83 076 info@thebroadgategroup.com Whilst the utmost has been done to verify the contents of any printed or electronic formatted document, they have no authority to make or give any representations or warranties in relation to any property. Any particulars provided do not form any part of an offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. Any text, photographs and plans are for guidance only and are not necessarily comprehensive. Purchasers must satisfy themselves by survey or otherwise. Any particulars or plans provided are prepared from preliminary plans and specifications before completion of the properties and are intended only as a guide. They may have changed during construction or finishes could vary. Prospective purchasers should not rely on this information but have their solicitor check the plans and specifications attached to their contract. The Purchaser understands that this does not form a contract of purchase and that all purchase contracts will be provided by the vendor to the Purchaser s solicitor. Any reservation fee required is non-refundable and reserves the property until the date of exchange outlined by the vendor. Should the purchaser not be seen to be making fair and reasonable progress to exchange on the date set the Purchaser understands that the vendor may re-offer the property to the open market and the reservation fee will remain non-refundable. The purchaser understands exchange and completion deposits are payable to his/her solicitor, that property values can decrease as well as increase and that rental income achieved may not always match that predicted.