Lounge
Brooklyn Lofts
Brooklyn Lofts
Lounge
Lounge
Bedroom
Bedroom
Lounge
Brooklyn Lofts
Brooklyn Lofts
Lounge
Lounge
Bedroom
Bedroom

New Heritage Building Conversion

Historic Hunts Cross Neighbourhood

Less Than 2-Minute Walk to Northern Quarter & Arndale City Centre

One Bedroom 2nd Floor Apartment

High Quality Finish Throughout

30% Funds on Exchange

10 Apartment Development

Completion December 2018

250 Year Leasehold

398 sq/ft Apartment

The Brooklyn Lofts is an exiting opportunity to invest in the transformation of one of Manchester's heritage buildings.
The development will bring this building in to the cutting edge of 21st Century living spaces. Mason Street is located in the historic New Cross neighbourhood which is currently undergoing an exciting regeneration, as it is the last area to be reinvigorated in the city centre with huge scope for capital appreciation as the regeneration progresses.
Situated less than 2 minutes from the Northern Quarter and Arndale City Centre, this development will compromise of 10 luxury apartments over 5 floors and as you can see from the artists impressions the looks, features and specification of the apartments are set to make this a fantastic place to live or invest in.

Development Fast Facts;
Leasehold - 250 Years
Service Charge - £600 per annum
Ground Rent - £250 per annum
Apartments Available - 10
Price Range - From £158,340 to £256,500
Floors - Basement to 3rd Floor
Bedrooms - 1 and 2 Bedroom Apartments Available.

Location;
Manchester, the second city of the UK and centre of the economic “Northern Powerhouse”, is a thriving cosmopolitan city, built upon an industrious legacy.
Manchester is a city with many impressive statistics to its name;
• First industrialised city in the world
• Home to the first public library
• Birthplace of the world’s first computer
• Has the world’s oldest railway station
• Birthplace of Graphene - the world’s thinnest material

Manchester’s rise to be a world leading modern economy has seen Oxford economists predict that employment growth in the city over the next five years will exceed many international capitals including Paris, Berlin and Tokyo.
Significant investment is being made across Greater Manchester into all sectors of the economy. Notable infrastructure spending shall make Manchester one of Europe’s best integrated cities with seamless transport solutions for its citizens.

Further private and public sector investments across the city from both domestic and international investors is testament to the city’s economic vitality and its status as a world class business and investment location, such as;
- £650m Media City
- £1.35bn St John's
- £800m MAG
- £800m Noma
- £1.5bn Manchester Life
- £600m New Bailey

A structural shift in the UK property market away from the tradition of buying over renting has now resulted in owner-occupied property falling to its lowest ever percentage of the total UK property market. The young professionals of “Generation Rent” are happy to spend an average 15 years of their life in rental property. It is predicted that by 2032, more than half of UK homes will be rentals. One of the main factors driving this shift is the increase in house pricing.
According to Jones Lang Laselle, there will be a 26.4% increase in Manchester house prices in the next 5 years. It is no wonder young professionals would prefer renting.
- 20% Growth over the last 10 Years
- Forecast another 20% over the next 10 years

Manchester Property Market;
The growing population and increasing affluence has meant a strong demand for quality city centre rental properties. However, this has been met by a structural under-supply of properties for this rising population.
With very little new development in recent years, there has been minimal uplift in the provision of rental stock. This has led to an abundance of demand compared with constrained available supply and has fuelled double-digit rental growth. Vacancy rates are minimal and many tenants are asking landlords for longer leases to try and hedge against rent rises.
This strong lettings market has encouraged more buy-to-let investors and also spurred interest from institutional landlords from the UK and overseas. Additionally, this demand for investment property has seen good growth in capital values and a very liquid resale market.

New Cross;
New cross is located near the trendy Northern Quarter, one of the city's most vibrant districts, which is rich with entertainment.
NOMA is a £800 million, 20-acre (8-hectare) mixed-use redevelopment scheme in Manchester. It is the largest development project in North West England and overall is the one of the largest development in the UK. NOMA focuses on revitalising and opening the northern area of Manchester city centre which has not undergone the redevelopment seen in other central areas of the city. The development involves the creation of 4 million square feet (400,000 square metres) of office, residential, retail, leisure and hotel space.
New Cross is strategically located at the north eastern edge of Manchester City Centre, just beyond the inner ring road. This area has increasingly become a focus for development activity and residential growth in recent years. To the south, east and west of New Cross are key regeneration priorities that include NOMA and the Ancoats and New Islington neighbourhoods. Ancoats is an inner city area of Manchester, North West England, next to the Northern Quarter and the northern part of Manchester city centre. Historically in Lancashire, Ancoats became a cradle of the Industrial Revolution and has been called "the world's first industrial suburb". For many years, from the late 18th century onwards, Ancoats was a thriving industrial district. Since the 1990s Ancoats' industrial heritage has been recognised and its proximity to the city centre has led to investment and substantial regeneration.

Payment Process;
1. £5,000+VAT reservation fee
2. 30% on exchange
3. 70% on completion minus reservation fee

Important Notice to Purchasers:
* We endeavour to make our sales fair, accurate and reliable but these are only a general guide and they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or facts. We do not guarantee or test any services, systems or appliances listed in the specification as to their operating or efficiency ability, we therefore strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase. All measurements that are stated are only intended as guidance only and are not precise, you should therefore verify the dimensions carefully before ordering any built-in furniture, carpets or laminates.
* Intending purchasers please note that you will be asked to produce some identification documentation at a later stage as part of the anti-money laundering regulations, we therefore please ask for your co-operation in this matter so that there will be no delays in agreeing a sale for the property.
* The information issued is in good faith but does not constitute representations of fact or form part of any offer or contract. The matters referred to in this article should be independently verified by prospective buyers. Neither Red Rooves Limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property. Your home is at risk if you do not keep up repayments on a mortgage or other loans secured against it.
* We make no representation or warranty of any kind with regards to the information contained in this article and none of the information should be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before deciding to invest. Any opinions expressed in this article are not statements of fact.

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.