Oxygen Towers is an exciting new, high specification development of 360 apartments spread across 3 towers. The biggest of the 3 comprises of 240 apartments, contained within a 31 storey neighbourhood. It hosts a range of amenities such as a concierge, a Pool, a Jacuzzi, a Gym, a Spa, a Cinema room and last but not least, Sky gardens. The site is home to 12 luxury family townhouses at ground level. Then there a 3 spacious penthouses, and the remaining 345 1, 2 and 3 bedroom apartments above and basement car parking below. In this way, Oxygen sets a new benchmark in 5 star city living.
Every apartment and townhouse is finished to exceptionally high standards. Full height windows flood the space with natural daylight and balconies offer panoramic views over the city and the Peak District National Park beyond. At the heart of the building is a vibrant social hub which offers residents a wealth of luxury leisure amenities featuring a gymnasium, spa and shared outdoor spaces including a garden terrace of stepped allotments on the south corner of the building.
Prices start at just £190,000 the site is located in Manchester’s emerging Piccadilly Basin district. The site also offers yields up to 5.99%. Most of the apartments are now sold, with less than 10% of the properties still on the market, as of July 2019.
Worth £133billion, Manchester’s property market is the third most valuable in the country and is only likely to grow. As of April 2018 there were over 11,000 new homes under construction in the city including large numbers of residential and luxury off plan properties. Leading the way in Manchester’s construction are Alliance Group who are one of the biggest players in the buy-to-let construction market.
So what is the reason for this increasing requirement for new housing? The population is booming not only because people are heading to Manchester for its excellent career opportunities and vibrant nightlife, but also because people are staying: the city has an excellent graduate retention rate with over 50% of its 105,000 students per year choosing to stay. Demand for investment opportunities is growing too as investors turn towards Manchester, attracted by its strong price growth and residential rental yields. House prices are also much cheaper in Manchester than other cities popular with investors such as London, meaning lower stamp duty and higher buying power for investors.
Benefitting from one of the UK’s biggest international airports and excellent motorway links, Manchester is well-situated to serve the rest of the country and beyond. The forthcoming HS2 and Northern Powerhouse Rail projects will further cut travel times between Manchester, London and other key northern cities, helping businesses grow and commuters reach their destinations quicker than ever.
250 years ago Manchester was at the heart of the industrial revolution. Nowadays a diverse range of international businesses like Adidas, Google and Siemens have set up regional, national or international head offices in the city. Thanks to this large number of successful businesses in Manchester the local economy is flourishing.
With four top universities in the region Manchester is home to a skilled, ambitious workforce. Young professionals are also moving to Manchester from the South East to take advantage of the innovative, creative atmosphere at a much lower cost of living. All of these people need somewhere to live – often choosing city-centre locations – making Manchester’s property market a good choice for investors.
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