The property is a block of student accommodation in the Whalley Range area of Manchester. The block sits on the edge of Alexandra Park and is close to the popular Chorlton District Centre. Accommodation consists of 261 individual bedrooms and bathrooms, kitchens and living areas.
 
The property looks over the 60 acre Alexandra Park a popular leisure area and home to Manchesterís Caribbean festival. The area is diverse and because of its proximity to the universities is home to both students and young professionals.
 
Alexandra park is ideally situated to access both the leafy suburb of Chorlton and the city centre. There are excellent bus routes in the area providing easy access around all areas of the city.
 
Chorlton is a popular area and is packed with bars and restaurants, there are also plenty of parks and amenity spaces around the Chorlton area along with a thriving nightlife and community atmosphere.
 
Manchester is a rapidly developing city with massive investment being made in the Ancoats and Spinningfields area. Development in the business and financial areas are likely to attract more students to the areas.
 
Preliminary figures for the coming academic year already show a significant increase in applications with UCAS reporting a 12% rise at its October deadline. The majority of key university towns showed 100% occupancy rate for the last academic year with private halls mainly targeting affluent domestic, overseas and mature students. The University of Manchester is the UKís most popular university receiving 53,900 applications in 2010.
 
With a booming market and high rental yields (typically 6 -10% gross) and a long standing management company in place, these are the perfect conditions to invest in a hands off, hassle free opportunity.
 
 
Price £27,500 only with 8% -11% rental guarantee !
 
 
 
 
 
 
 
 
Please call +604 - 227 9966 or e-mail to sales@propertytalk.com.my for more details ...
 
 
 
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