Once the booming centre of the country’s cotton industry, Great Ancoats Street today is the home of post-industrial architecture and some of the city’s most lively restaurants, bars, and cafes.
The area is a much desired neighbourhood for Gen Y tenants, who constitute 89% of the Manchester city centre’s population growth. With vast improvements in Ancoats, New Islington and the Northern Quarter areas over the last decade, rental demand in the area has gone through the roof, and this has now expanded to the Great Ancoats Street area. With improvements in transport, aesthetics and building work planned for the area, we wanted to summarise the activity planned in the Great Ancoats Street region and why it is good news for investors.
Here’s what is planned for Great Ancoats Street in 2020 and beyond:
Great Ancoats Street improvement scheme
The Great Ancoats Street improvement scheme concentrates on improving the look of the area for pedestrians and providing a natural and appealing link for those walking between Ancoats, New Islington and the city of Manchester. In addition to this, new crossing facilities are to be installed, making it easier for pedestrians to cross the roads, thus reducing the risk of accidents.
The Greater Manchester Growth Deal have also provided funded, which will go towards planting more than 70 trees, creating wider pavements and redesigning signage in the area. Creating a more ‘European Plaza’ look and feel to the area.
Angeliki Stogia, Executive member for the environment, planning and transport councillor said: “This improvement scheme for Great Ancoats Street will deliver a more attractive, tree-lined route, with wider pavements and better crossings allowing pedestrians and people on bikes to cross the busy inner ring road more safely.
The scheme also plans to help increase economic growth in and around Manchester city centre. With employment predicted to grow in the city centre, many people will seek housing near their place of work. These improvements will mean that the neighbourhoods around Great Ancoats Street are attractive to developers.
Investing in property? Consider our Great Ancoats Street Development
Great Ancoats Street is a high yield, buy-to-let residential development situated minutes’ away from the Great Ancoats Street improvement zone.
Featuring 43 high-spec studio and one-bedroom apartments, suitable for both students and professionals, Great Ancoats Street will be in exceptionally high demand from tenants seeking an elevated living experience in a prime location. The use of modern, low-carbon technologies means that Great Ancoats Street will be one of the city’s most energy efficient developments, with a benefit to investors of an enhanced rental yield and future-proof investment.
Beech Holdings is offering unrivalled NET yields of 7%, assured for two years by one of the city’s leading landlords, Manchester Apartments.
One of the reasons investors choose Beech Holdings time and time again is because our investments are fully managed, from design and build right through to lettings and property management. In 2019, 97% of our apartments were let and managed by our expert sister company Manchester Apartments. We understand the importance of your capital and will always work hard to ensure you receive the best return on your investment.
If you’re interested in investing in property in an area experiencing major growth and rental demand, get in touch with our team today.