Investors paid 51.84p per share in the New Listing for this property, and it became available on the Resale market February 1st 2017.
View a short video from our Director of Property on why this is a great investment.
These ten 2-bed flats are located in Pendlebury, an easy commute to Manchester city centre and a mere 15 minutes from MediaCityUK. Home to the BBC, ITV and over 250 other businesses – MediaCityUK is set to double in size over the next 10 years, with a £1bn expansion plan recently approved. This coupled with Manchester’s population growth being three times the national average, speaks to strong capital growth potential, and even stronger rental prospects. Agecroft Apartments is offered with gearing to enhance dividend yield and potential capital returns.
- The investment comprises 10 out of 48 flats in Agecroft Apartments, Pendlebury and is geared at 50% loan-to-value (LTV) of the purchase price. Gearing gives enhanced exposure to property price movements, and the potential for amplified returns; though investors must note amplified negative returns if prices fall.
- By purchasing the properties at their investment value as opposed to their break-up value, investors will benefit from a higher net dividend yield than would be achieved by purchasing individual units.
- Manchester is a key driver within the UK’s ‘Northern Powerhouse’, being the second largest economic hub after London. The area is expected to benefit from a large number of infrastructure projects including plans for High Speed Rail 2 and the £1bn planned expansion of MediaCityUK in Salford.
Director of Property
Global Director of Residential Property at RBS
Fund Manager, running £500m residential portfolio at Invista Real EstateMember of the British Property Federation’s Residential Committee
Non-executive director of Funding Circle and LMAX Exchange
Vice President J.P. Morgan & Co
Co-founder, Index Ventures
Non-executive director of companies including Funding Circle and Stack Exchange
Board member of Human Rights Watch
20 years’ experience in scalable web development
Technical Due Diligence advisor for Octopus Ventures
Architect of Comdirect Bank’s online trading system
Director at Octopus Ventures
Non-executive director of companies including SwiftKey and Amplience Managing Director, Oliver Woodworth (property development company)
General Counsel and Director of Legal & Compliance at Betfair
Betfair from startup to IPO
Over 20 years as a lawyer in private practice and in-house
Sports Operations Director at Betfair
COO Sports Betting at GTECH
Founder and CEO
Corporate Venture Capital at Sky Plc
M&A advisor at Sky Plc and KPMG
Chartered Accountant and FCA Authorised Person
M&A Director at Sky Plc
Investment Banking Advisory at Morgan Stanley
About Property Partner
Property Partner is a crowdfunding and investment platform that makes it possible for anyone to invest in residential property at the click of a button. Investors can buy shares in individual properties or residential blocks, for as little or as much as they like. Property Partner finds the tenants and professionally manages the properties. Investors receive rental income in proportion to the shares they own and, through our unique secondary market, can exit their investment at a time and price of their choosing.
Property Partner is the trading name of London House Exchange Limited, a private company registered in England and Wales under registration number 08820870 and at registered office 71 Queen Victoria Street, London EC4V 4AY, United Kingdom