Article Summary

A site in Manchester has been bought by the McGoff Group on which a new build to rent development will be created. Mulbury had previously gained approval for a residential investment property scheme on the site, but following the collapse of their contracting arm, they withdrew from the project.

New investment opportunities

The site is located on Manchester’s Rochdale Road next to the Marble Arch pub. McGoff Group will take forward the planning consent gained by Mulbury and are aiming to develop a brand-new build to rent scheme on the site.

The project will create 237 buy to let units in Manchester, built specifically as investment properties. The development will form part of McGoff Group’s ‘Downtown’ brand, following from the success of their recent 374-unit Downtown project in Salford.

An ideal site for build to rent

The 237 units will span three buildings. These new blocks will house 77 one bedroom apartments, 149 two bedroom apartments, 11 three bedroom apartments and a mix of two and three bedroom duplex townhouses. Some will even come with balconies, garages and gardens.

Also available will be 35 car parking spaces in a basement car park and secure cycle storage.

Director at McGoff Group, Chris McGoff, said, “The site on Rochdale Road is superb; it ideally suits a sophisticated build to rent scheme.  We firmly believe this is the best approach for the site with Manchester continuing to see some of the best rental yields in the UK.”

Get in touch

Take advantage of the booming rental demand and find out how to make a Leeds property investment or where to buy an investment property elsewhere in the UK. Book a free consultation with North Property Group today to learn more.