The Waterside Phase 2 – Manchester

The WatersidePhase 2 is the regeneration of the 26 acres of dockland on Pomona Island, one of the last remaining large-scale regeneration opportunities available this close to Manchester city centre. The site has magnificent waterfront views over the Manchester Ship Canal, which will become a stunning backdrop to the new development.

The development of The waterside and the adjacent Cornbrook Hub will create a new destination, offering the highest-quality urban living conditions in one of the UK’s most exciting cities. Pomona Island is the gateway to the city of Manchester, and this development is sure to be extremely popular with residents looking for high quality rental accommodation in a location which is close to the city centre but remains a tranquil retreat.

The waterside is a residential development located close to the centre of the UK’s ‘second city’ of Manchester. The development is set to be the perfect tenant retreat, overlooking the tranquil waterfront whilst being near Manchester’s vibrant city centre, offering tenants the best of both worlds.

This outstanding development is comprised of five phases and a total of more than 500 apartments, which will be furnished to the highest standard. Ranging from spacious studios to high-end three-beds, most apartments will benefit from the spectacular view of the waterfront. The Waterside is the perfect place for residents to relax and unwind, with the addition of a residential cinema room to allow residents to socialise.

The location of The Waterside is truly unparalleled. With two Metrolink stops located within a 5-minute walk, residents are able to reach Manchester’s city centre with ease, and enjoy everything ‘the Capital of the North’ has to offer. Additionally, residents are also just a short journey away from major tourist destinations like intu Trafford Centre and MediaCityUK.

Developed by an award-winning developer, The waterside is a great long-term investment, as Manchester is one of UK’s strongest regional economies and is forecast to grow faster than any other Northern city.

  • Stunning views over the waterfront.
  • Walking distance to Manchester city centre.
  • Two Metrolink tram stops located within a 5 minute walk.
  • Old Trafford football stadium is approximately 10 minutes away from the site.
  • Located in an extremely strong rental market.
  • Private residents’ gymnasium.
  • Cinema room.
  • Communal space.
  • Secure entry system.
  • Bicycle storage.

Manchester is the jewel in the crown of the highly touted Northern Powerhouse, reflecting the boost in infrastructure investment, as the Government continues to deliver the Northern Powerhouse through schemes like HS2 (a high-speed rail network connecting major Northern cities together) and the Northern transport strategy. Naturally, this has attracted thousands of buy-to-let investors, enamoured with Manchester’s uncapped present and future potential, both on anational and international scale.

Manchester’s local buy-to-let market is leading the way in UK property investment, offering landlords average rental returns of 6%. The city’s population is approximately 520,000, a figure that’s expected to rise to 600,000 by 2030. Given Manchester’s population growth, the strain on the city’s thriving housing market will become even more acute.

The supply/demand imbalance is already evidenced in and around the city centre, and is now stretching out to surrounding regions. As a result, house prices have skyrocketed, so much so analysts have predicted that house prices in Manchester will rise 26.4% by 2021. Employment in the city is set to follow the same upwards trajectory, with an increase of a further 4.3% over the next five years, which means that the demand for premium housing in the city shows no signs of slowing down.

Because of these factors, it comes as no surprise that the city was named the top Northern city in a recent growth potential index. In addition to its thriving rental and buy-to-let market, Manchester has been voted the UK’s most liveable city by the Economist Intelligence Unit and was praised for its infrastructure, stability and culture.

The UK’s unofficial ‘second city’ of Manchester is known to have an incredibly rich cultural offering, which goes some way to explaining why Manchester is the UK’s third most popular city for international visitors after London and Edinburgh, attracting one million international visitors per year. With Manchester’s regenerated city centre growing, an increasing number of young people opt for Manchester over London.

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