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From £225,000

Peelers Yard

  • From £225,000
  • Gross Yield: 6%
  • In Construction
  • Est. Q3 2023
  • Lease Length: 999 Years

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  • Investment Highlights

    • Extremely sought-after area brimming with character.
    • It will retain the Grade II listed chimney.
    • The project features only 73 one and two-bedroom apartments.
    • High-specification apartments with contemporary designs.
    • Concierge, communal lounges/workspaces and a rooftop terrace.
    • Ultra-fast broadband included in the service charge.
    • Ground rent is 0.1% of the purchase price and the lease length is 999 years.
    • This whole area is seeing billions of pounds worth of regeneration - The Northern Gateway Plan.
    • The project covers approximately 155 hectares to the north of Manchester city centre between Victoria Station, NOMA and the Northern Quarter in the southwest, and Queens Park and the intermediate Ring Road (Queens Road) to the north-east.
    • Manchester City Council have partnered with private investors- the Far Eastern Consortium – to deliver a once in a lifetime regeneration project.
    • The plans include a waterside park, a public square, 15,000 new homes, new schools, health centres, shops, community space and a new transport interchange.
    • Peelers Yard is located in New Cross, one of the most exciting and up and coming neighbourhoods in the city centre.
    • Attractive payment plan.
    • Developer with a great track record.
    • Strong yields on offer.
    • Limited units.

    Amenities

    • Concierge
    • Roof Terrace
    • Bycicle Store
    • Lift
  • Property Description

    Peelers Yard

    A new contemporary residency strategically situated in Manchester's New Cross. Designed around the prominent Grade II listed chimney and to a luxury specification, Peelers Yard brings new life into one of Manchester's most Historic Sites.

    High Specifications

    Peelers yard has been designed to an exceptional specification, perfectly suited for the modern professional seeking both quality and character.

    Living Rooms

    • Wide plank laminate flooring
    • Electric heating with flat panel heaters
    • stainless steel feature lighting
    • Stainless steel switches and power sockets
    • Ultrafast broadband connection
    • Visitor security intercom/access system
    • High-quality ironmongery

    Kitchen

    • Fully-fitted contemporary kitchens
    • Soft-close drawer system
    • 12mm worktop
    • Stainless steel sink and mixer tap
    • Ceramic induction hob with touch controls and telescopic hood
    • Integrated oven
    • Integrated fridge/freezer (70:30 split)
    • Full size integrated dishwasher
    • Stainless steel power sockets
    • Splashbacks
    • Concealed LED lighting under storage cabinets

    Bedroom

    • Wide plank laminate flooring
    • Electric heating with flat panel heaters
    • Stainless steel switches and power sockets

    Bathroom

    • Bathroom and overhead rain shower
    • Anti-slip enamel bath and shower trays
    • White porcelain sanitary ware
    • Wall/surface mounted contemporary taps and shower fittings in brushed chrome
    • Heated towel rail
    • Toughened shower screens
    • Large-format porcelain tiles
    • Mirror with concealed storage cabinet
    • Stainless steel sockets and feature lighting
    • 3-way thermostatic mixer for bath/shower/hand shower

    Reception

    • Manned reception desk, providing concierge services during peak hours
    • Letterbox/parcel storage system
    • Resident seating area
    • Cycle store

    Roof Terrace

    • External resident seating area
    • Garden area

    Residents Lounge

    • Resident seating area
    • Co-working facilities

    Community feel

    Surrounded by various venues and independent bars, Peelers Yard benefits greatly from a vibrant community and atmosphere. New Cross is a community focused place, offering events that attract people from neighbouring districts, as well as modern street art, a variety of architecture from throughout the ages and an abundance of independent bars, shops, and restaurants.

    Connected to the city and lifestyle

    • Manchester Piccadilly - 15 minutes walk
    • Manchester Victoria - 10 minutes walk
    • Mackie Mayor - 3 minutes walk
    • Pull up - 2 minutes walk
    • Bar Fringe - 2 minutes walk
    • Band on the wall - 3 minutes walk
    • Rose + Monkey - 3 minutes walk
    • Crown + Kettle - 3 minutes walk
    • Frog + Bucket - 6 minutes walk
    • Rudy's Pizza - 8 minutes walk
    • Edinburgh Castle - 8 minutes walk
    • Marble Arch - 3 minutes walk
    • The Counter House - 8 minutes walk
    • Hampton Hilton - 2 minutes walk
    • AC Marriott - 3 minutes walk

    150 years in the making

    1850 - New Cross.

    Manchester Grew rapidly during the first half of the century, largely due to the trade and transport innovations in the area. However, by the early 19th Century, mills and other industries ruled the district.

    1870 - Police and Fire.

    Goulden Street station was designed by J.G Lynde and created to protect Ancoats, a notoriously lawless area, this required something more akin to a fortress. This resulted in a unique and forceful monumental design.

    1920 - Changing times.

    By 1920, the fire brigade had moved stations, and Peelers Yard became solely a police station. During this time, the population of the surrounding area had grown to roughly 30,000. However, the thriving economic activity generated by nearby industrial factories began to diminish as a result of the decline of the cotton industry in the 1930's. Industry further declined and housing deteriorated.

    1950 - industry demise.

    The cotton industry continued to decline following the second world war, leaving many of the mills derelict. New Cross as a neighbourhood began to fall into the ruin.

    1992 - Grade II Listed.

    In 1992, the building was awarded Grade II listing.

    2002 - Fire damage.

    In 2002, the Grade II listed structure was used as a firework store and suffered severe damage during a fire, leaving only the prominent Chimney.

    This leads us to now, the stunning new development bringing a long-lost neighbourhood to Peelers Yard, designed around the prominent grade II listed chimney.

    Why invest in Manchester?

    Manchester’s rise has been remarkable. This is a world-class city which is growing more rapidly than any of its peers. Named as the UK’s most liveable city year after year by the Economist, and with a booming population to suit, it’s easy to see why Manchester is at the very top of the list for investors from all over the world.

    The city centre, in particular, has turned into something truly special. Its economy is estimated to be worth more than £6bn a year by 2025. Furthermore, the City Council has projected that 5,000 extra people are moving to the city centre each year.

    Manchester’s skyline has changed beyond recognition in recent years as the city enters its new era as an international city ready to change the world again. There has never been a better time to invest in city centre property and make the most of this boom.

     

    The Northern Gateway Plan

    Not to be confused with the Northern Powerhouse. The Northern Gateway project is a £4 billion redevelopment plan, exclusive to Manchester.

    The project covers approximately 155 hectares to the north of Manchester city centre between Victoria Station, NOMA and the Northern Quarter in the southwest, and Queens Park and the intermediate Ring Road (Queens Road) to the north-east.

    Manchester City Council have partnered with private investors- the Far Eastern Consortium – to deliver a once in a lifetime regeneration project. The Northern Gateway is a unique opportunity set to deliver transformational regeneration on an unprecedented scale in Manchester and helps to fulfil its potential as a truly innovative, sustainable and world-class city. The regeneration of this area to the north-east of the city centre will unlock significant residential-led development that will positively contribute to the growth of Manchester and the wider city region.

    The plans include a waterside park, a public square, 15,000 new homes, new schools, health centres, shops, community space and a new transport interchange.

    Peelers Yard will benefit from this redevelopment plan, as the development is set in the New Cross area (the southern part of the regeneration, closest to Manchester City Centre)

    To watch our video explaining the Northern Gateway Redevelopment Plan - click here.

     

    Location of Peelers Yard - the 'New Cross' area

    This is one of the major strengths, it's located in New Cross, one of the most exciting and up and coming neighbourhoods in the city centre. The heart of the Northern Gateway regeneration. A Highly accessible location right next to the trendy Northern Quarter and Ancoats. Everything is walkable, 5 minutes to Victoria Station, 15 minutes to Piccadilly.

  • Property Address

    United Kingdom
    M4 5FR

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Information

  • From £225,000
  • Yield: 6%
  • In Construction
  • Est. Q3 2023
  • Lease Length: 999 Years

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