Grove House – Manchester, UK

All Properties,The UK

Features

  • Fully Fitted Kitchen
  • Indoor Parking
  • Passenger Lifts
  • Secure Entrance

Located in the Old Trafford district of the City of Manchester, this contemporary development offers residents excellent links to the entire city.

 

Overview

£100,125 for one bedroom apartments to

£131,084 for two bedroom apartments

7% assured rental

Fully managed

 

The immediate area comprises a mix of residential and commercial, including leading supermarket Aldi and beauty store Superdrug directly adjacent to the site.

Local highlights include Old Trafford Football Stadium, Emirate Cricket Grounds and ‘shopper’s paradise’ The Trafford Centre one of the UKs largest shopping centres with over 200 high street and designer shops.

Getting around couldn’t be easier, with Trafford Bar Tram stop just a 2 minute walk away.

Trafford Bar forms a main connection point which has links to the city centre, Piccadilly train station, Media City and the iconic Old Trafford Football stadium. You could even walk to the football ground in just 20 minutes!

 

  • 72 units over 9 floors
  • A mix of modern 1 and 2 bedroom apartments
  • Quality fixtures and fittings
  • Secure entrance, on site car parking and landscaped gardens
  • Located in Old Trafford, just 1.7 miles South West of Manchester City Centre
  • 2 minutes’ walk to Trafford Bar Tram stop with quick links to the city centre, Old Trafford Football stadium and Media City
  • A sustainable energy efficient building that will remain environmentally friendly for years to come

 

Development

Leaving its commercial roots behind, Grove House will be converted into modern, functional residential apartments for both young professionals and families. The site is located in the established residential area of Old Trafford, just 1.7 miles South West of Manchester City Centre, and is adjacent to Trafford Bar Tram stop providing easy access to the city, Old Trafford football and cricket grounds and Media City.

Architects have designed each apartment with today’s discerning tenant in mind, offering well- planned accommodation with enough room to socialise and live. The contemporary fixtures and fittings are designed specifically for Grove House to provide a modern and resilient finish to each apartment.

There are 2 levels of car parking, cycle racks, 2 passenger lifts and bin storage and included in the price of each apartment is one allocated car parking space.

All apartments come with a fully-fitted kitchen, fitted bath/shower room, all flooring and quality finishes throughout.

Financials

7% assured rental

£100,125 for one bedroom apartments

£131,000 for two bedroom apartments

Fully managed

Completion due February 2016

 

Payment plans

Option A: 50%/30%/20%

  • Pay reservation fee of £3,000
  • Upon exchange pay 50% (less reservation fee)
  • Stage payment of 30% (due 90 days after exchange)
  • Final payment of 20% upon completion.
  • This option includes a 4% Coupon on deposited monies from exchange to Practical Completion.
  • This will be balanced and deducted on your completion statement.

 

Option B: 50%/50%

  • Pay reservation fee of £3,000
  • Upon exchange pay 50% (less reservation fee)
  • Final payment of 50% on completion
  • This option includes a 4% Coupon on deposited monies from exchange to Practical Completion.
  • This will be balanced and deducted on your completion statement.

 

Option C: 80%/20%

  • Pay reservation fee of £3,000
  • Upon exchange pay 80% (less reservation fee)
  • Final payment of 20% upon completion.
  • This option includes a 6% Coupon on deposited monies from exchange to Practical Completion.
  • This will be balanced and deducted on your completion statement.

 

Furniture pack
As part of your purchase, you will be required to purchase one of our furniture packs. The price will be determined by the number of bedrooms in the property;

  • 1 Bedroom £2,500 (incl. Value Added Tax)
  • 2 Bedroom £3,000 (incl. Value Added Tax)

 

Your yield payment of approximately 7% is calculated on the purchase of your apartment and car parking price total which is labelled Apartment and Car Park Total on the accommodation schedule.

 

Example: 
1 Bed Apartment Sales Price£103,623
Car Park Sales Price£10,000
Furniture Pack£2,500
Total Sales Price£116,123
*Apartment and Car Park Total £113,623
Guaranteed Yield per Annum @ 7%£7,953

*It is important to note that the Apartment and Car Park Total is the figure to be used when calculating stamp duty.

Gallery

 

Location

Old Trafford, Greater Manchester M16 0WJ

 

 

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