Albert Vaults is a newly launched 8 storey development comprising of a selection of great value contemporary one and two bedroom apartments that offer a unique combination of style and convenience with high specification and intelligent design.
Perfectly positioned in a central location adjacent to Salford Central Station and within close proximity to Spinningfields, a vibrant destination with luxury international fashion brands, restaurants and bars and an increasing visitor population of over 5.5 million people a year, Albert Vaults is a superb retreat from which to enjoy the best of city living.
o 7 minute walk to Spinningfields
o 9 minute walk to Manchester Arena
o 10 minute walk to The Arndale
o 18 minute walk to Manchester Piccadilly Station
o 20 minute drive to Manchester Airport
o 22 minute bus to MediaCityUK
Due for completion at the end of this year, Albert Vaults is an excellent purchase whether it be for investment or to live in. Average property prices in Manchester have grown a substantial 6.7% in the last 12 months due to the vast amount of recent and upcoming regeneration in the City including the move of BBC headquarters with approximately 2,300 staff to MediaCityUK in Salford and proposals of Phase 2B of HS2, a new high speed rail line cutting journey times from London to Manchester from 2 hours to just over an hour.
Manchester is the economic engine of the North West and the regional centre for finance, commerce, retail, culture and leisure. The economy has been growing at an average rate of just under 3% per annum for the past decade and is forecast to accelerate over the next decade. More than 140,000 people are currently employed within the city centre, a number which is projected to rise consistently over the next five years. Furthermore, with a number of highly rated universities and a population of over 70,000 students who are likely to stay and work in the region, demand for both entry level properties and rental accommodation is on the rise.
In the current market, apartments in Albert Vaults are estimated to achieve between 5-6% gross rental yields accompanied by a low ground rent of £350 per annum, service charge of £2 per sqft and a long lease of 999 years.