51 Church Street, Northern Quarter, City Zone Manchester M4
Tenure of Land
Expected Date of Completion (T.O.P.)
Q4 2018 / Q1 2019
Total No. of Units
183 units of apartmetns in 9 storeys high, with four ground-floor retail units.
Located in the absolute heart of the UK’s most dynamic city, Citu NQ Manchester is a new, high-quality residential development designed by IDP, one of Manchester’s leading architects and developed by Factory Estates, one of Manchester’s most active developers.
The development comprises of 183 units over 8 storey with ground floor commercial units, communal facilities and a rooftop garden.
Just one minute walk from Market Street, Manchester’s main shopping street yet located within Manchester’s hip Northen Quarter, the development is in an unrivaled location within the city – rental demand is expected to be potentially high.
Situated in the absolute heart of the UK’s most dynamic city, Citu NQ is a new, top quality residential development designed by IDP, one of Manchester’s leading architects and developed by Factory Estates Limited, one of Manchester’s leading developers. The development includes 183 units over 8 oors with ground oor commercial units, communal facilities and a rooftop garden. Citu NQ layout is combined with the careful selection of modern xtures and ttings that are both appealing to residents and hard-wearing to ensure low maintenance costs over the long term.
Citu NQ is located in the heart of the City near the Northern Quarter which is Manchester’s creative district, right next to popular shopping area on Market Street and the Piccadilly Garden. Next door to Arndale Shopping Centre, 1 Minute walk to the Piccadilly Garden station where the future high speed 2 station will be located.
Brand New 8 Storey mixed residential development comprises of 183 stylish apartments of Studio, 1, 2, 3 bedroom Penthouse Apartments.
The site, currently used for parking for nearly 100 cars, is bounded by Tib Street, Church Street, Joiner Street and Bridgewater Place and is within the Smithfield conservation area. It is surrounded by Black Dog Ballroom, the Britannia Sachas Hotel and the Grade II-listed Debenhams building.
Below is a list of factors that make the United Kingdom a potentially good investment location.
Despite a current slowdown in the market, property in carefully selected regions of the UK is offering buyers greatly reduced prices along with reliable long term investment opportunities.
Listed below are some of the main factors that make property in The United Kingdom a good investment:
The UK’s distressed property sales market proves ideal for investors looking to buy up well-priced residential and commercial properties offering solid rental potential and long term growth prospects. Special reductions and slashed prices are widely available in both the off-plan and re-sales markets, allowing investment opportunities at the lowest possible entry levels
Many people, unable to pay current mortgage rates, seek to rent property instead, creating a ready market for buy-to-let investors today. In 2008, UK rental yields averaged 6.4% per annum, offering steady rental income to add to capital growth upon eventual resale in the long term – investors willing and able to wait, will benefit from an inevitable market upturn in the future
The UK is a world economic leader and a member of the G8. A founding member of the UN and NATO, it is generally regarded as a reassuringly safe and solid country in which to invest
The UK is a country rich in cultural identity and natural beauty. This, combined with the nation’s historically stable economic and political environment, is encouraging to many investors
The United Kingdom is the third most populated state in the European Union, indicating a high demand for all types of commercial and residential real estate
Green meadows, snow-capped mountains, moorlands and lakes are natural attractions that blend with countless monuments, traditional pubs, cream teas, theatre, arts, cinema and music to bring year-round tourists from all corners of the globe. The tourist market creates opportunity for investors into related real estate, particularly in London and many other national tourist hotspots
Property in the UK has something to offer everyone: quality properties, from smart, trendy urban off-plan apartments, to old, rambling country properties suit all tastes and budgets
A large number of direct airline services to the UK’s major national and international airports are available from many worldwide locations. An excellent road and transport infrastructure allows easy access to your final destination
Top 5 reasons to invest in UK buy-to-let property
Politically and economic stability
Record levels of population growth
Housing supply at 100-year low
20% of population will rent within next five years
Rising rental yields.
Citu NQ Mancheter is located in the Northern Quarter which is Manchester’s creative district. The area is home to a range of independent shops, dining establishments and art galleries providing art from local and international artists. Often described as a village within the city, Citu NQ neighborhood is among the most dynamic and is considered by many to be the most hip neighborhood in the city center, resulting in it being one of the city’s most popular residential markets.
Just one min walk from Market Street, Manchester’s main shopping street yet situated within Manchester’s hip Northen Quarter and Manchester Arndale Shopping Mall, the development is in an unrivalled location within the city – rental demand will certainly be extremely high.
Short Walking Distance to (Approx. Time)
Northern Quarter – 2 Mins
Arndale Shopping Centre – 5 Mins
Piccadilly Gardens – 5 Mins
Chinatown – 8 Mins CBD – 10 Mins Upcoming NOMA – 10 Mins
Connectivity Via Tram/ Bus
Spinningelds (Manchester Financial Centre)
Piccadilly Train Station (Also the proposed HS2 station)
Factory Estates comprises of personnel with a wealth of experience within the construction and development industry working on projects from inception and feasibility to construction and completion.
The team includes Architects, Landscape Architects, Urban Designers, Master-planners, Developers, Estate Agents, Project Managers and Cost Consultants.
They are able to work with landowners to create value on sites or find exit routes for landowners looking for capital receipts on their land.
Factory Estates are backed by large national design & development firms who also provide financial input and specialist advice on Factory Estate projects.
Over the last two years, the team have successfully completed two office to residential conversion schemes; Box Apartments in Stockport and Trident in Sale, Manchester.
Factory Estates are currently developing a surface car park on Great Ancoats St, into 119 PRS apartments and have numerous other city developments in the pipeline.
Salboy, Ltd is a privately owned equity investment company, backed by Betfred owner, Fred Done. They provide funding for experienced property developers and investors and will consider proposals for all types of commercial and residential property within mainland UK. Salboy Ltd are currently investing hugely in the regeneration of Manchester in the light of the Northern Powerhouse initiative.
Current investments include:
• 2 St Peter’s Square, Manchester
• Trinity Way, Salford
• Astley Point, Wigan
• Townhouses, Stanley Road, Walkden
1. Booking Fee of £2,000 payable to the Project Account.
2. 25% of purchase price, less booking fee of £2,000, payable within 21 days from date of booking
3. Balance 75% of the purchase price is payable upon completion
Other Cost & Charges
Conveyancing Fees *
1 Bedroom – £850 including VAT & disbursements
2 Bedroom – £920 including VAT & disbursments
*Fee is based on using developer’s recommended solicitor and payable in full upon Exchange of Contract
Ground Rent : £350 per annum
Service Charge : £2 per sq ft
Council Tax : Band B – Estimated £1,116.19 per annum
Latest UK Stamp Duty Rate
1 BEDROOM from £206,000 (495.14 sqft)
2 BEDROOM from £258,000 (667.36 sq ft)
Penthouses: Price on Ask
For an exact pricing of a unit, register for an appointment to view Citu NQ showroom / showflat by calling or filling the form at the bottom of this page.
DOWNLOAD PRICE LIST
GROW YOUR PORTFOLIO WITH THE CITU NQ MANCHESTER UK
Citu NQ Manchester is located along Tib Street, which is in the heart of the city near the Northern Quarter (NQ), also known as Manchester’s very own creative district. Located just next to market street, you will find popular shopping areas including Arndale Shopping Centre. Residents can take a 1 minute walk from the development over to Piccadilly Garden station, which is where the future High Speed 2 station will be located at.
Citu NQ Manchester is conveniently located close to many amenities. Surrounding City NQ, all within 5-10 minutes walk, you may take yourself to places like the Chinatown of Manchester, Victoria Station, Piccadilly Station connecting all the way to London, Piccadilly Gardens, and Arndale Shopping Centre.
Citu NQ Manchester is a mixed development comprising of retail shops on the ground level, typical units ranging for sale includes the Studio to 1-3 bedrooms only on the 1st to 8th floor, and Penthouses on the top floor which are also for sale. Facilities includes 24 hours concierge services and security, a contemporary designed reception to welcome residents and guest, a rooftop garden and courtyard, and also a secured bicycle store for those who commute via bicycle.
All units in CituNQ are spaciously design with quality furnishes and fittings. Enquire and register your interest for Citu NQ bedroom furniture package provided only if you register here today!