Carnaby Place Apartments, Regent Rd, Manchester M5 3GY, UK
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Agents think: £280,000 1 agent(s) valuations found
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Alesco Investment Properties Agent Valuation of this property is £280,000
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Carnaby Place Manchester
A development consisting of luxury residential apartments in Manchester City Centre and a future landmark development on the edge of Regent Road.
Carnaby Place will create identity and functionality at a prime location, on a major transitory route into and out of the City.
The development provides a luxurious and spectacular city centre living across a range of apartments and townhouses.
An attractive podium communal garden and courtyard space is complemented by a 24/7 concierge service, gymnasium and private resident parking.
Located in the emerging creative quarter, Carnaby Place will provide a new contemporary living space for the ever-increasing young, professional and residential community.
• Ideal Manchester Location
• 20% Below Market Value
• High Rental Returns
• Completion for Q2 2022
• Full Deposit Protection
• Experienced Management Company
Serviced Apartments- The Fastest Growing Asset Class in Europe
Serviced accommodation is one of the fastest-growing sectors within the short term let sector. Demand is driven by the desire for a home from home experience in a more spacious environment similar to the successful Airbnb concept.
The opportunity for savvy investors in this sector is undeniable. The returns generated from a serviced apartment let on a short-term basis far outweigh those of a traditional buy to let purchase in the same location.
Earnings average between 30% to 35% based on 75% occupancy levels and investors are expected to double their returns in comparison to a standard traditional long term let.
The two key factors for a successful short-term rental property are simple; great location coupled with professional management. A management company will promote the property via the appropriate marketing channels to achieve maximum occupancy and implement the highest standards of maintenance to ensure that guests enjoy their stay, leave favourable reviews and return again in the future.
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