Michigan Towers

Investment Highlights:

• 6% NET Profit for 2 years

• One of/ if not the best developers in the country – X1 Developments
• IDEAL LOCATION Situated in the heart of MediaCityUK, in the iconic Salford Quays, home to the likes of the BBC, ITV, Ericsson and Kellogg's, this new phase of development complements the existing towers, and fits perfectly within the bustling business and leisure community. Also, Michigan Towers is located a short distance away from Old Trafford Stadium.
• ON-SITE AMENITIES X1 Michigan Towers boasts an abundance of on-site amenities including: an exclusive residents cinema room, bike storage, resident Wi-fi lounge, 24-hour concierge, gym, landscaped gardens, retail, and restaurant outlets. 

WHY INVEST IN MANCHESTER?

• POPULATION GROWTH Manchester has undergone 7% population growth during the previous decade, reaching over 2.7 million in 2019. Manchester's population is expected to increase consistently over the next few years, reaching more than 3 million by 2035. This has led to high demand for housing in a city without enough supply. Consequently, this is good news for property investors as it is creating a perfect investment opportunity; Manchester is the UK's best prospect for residential price growth over the next 5 years. 
• MANCHESTER'S PROPERTY MARKET Since 2015, house prices in Manchester have increased by 32.5% and are set to grow by another 22.8% by 2022. Average rental yields in Manchester are currently reaching as high as nearly 8% in the M14 and M11 postcodes.
• Completed in Manchester last year was 27 development schemes, the survey found. The highest level since 2006 and second highest since 1999. This high volume of developments will certainly be of benefit for investors looking for their next property investment in Manchester. 
• GREAT CONNECTIVITY Manchester is improving its global, national and inter-city connection
  The Manchester Airport Transformation Programme will expand the airport and plans to accommodate 10 million more passengers by 2025
  The arrival of the new High Speed Rail 2 (HS2) network in 2033 will reduce the travel time from Manchester to London to just 1 hour 8 minutes (previously 2 hours 8 minutes)
  The city's Metrolink network is being upgraded, with works already commenced on the new GBP350million, 6-stop metro line that will connect Trafford to the rest of the city 
• TENANT DEMOGRAPHIC With around 100,000 students in the city, Greater Manchester is home to one of the largest students’ communities in Europe. Students flock to Manchester from all over the globe, with international students from almost every country on Earth living here.
• Additionally, Manchester has a fantastic graduate retention rate. Over half of all higher education leavers decide to stay in the city, creating great opportunities for buy-to-let investors interested in renting to young professionals. 
• £1 Billion in private investment going into MediaCityUK Between 2010-2020

On the current brochure -

Salford Quays Before Regeneration

• So what kind of place was Salford Quays before regeneration, and why was Salford Quays in need of regeneration in the first place? According to Salford Quays history, before the emergence of Manchester Media City UK, the Salford Quays area was an industrial dockland which became derelict after the city’s business scene and the need for Manchester docks had declined during the 1970s. During the period of closure, the Salford docks had become a hub for vandalism and crime, and as a result, were in desperate need of redevelopment, prompting the Salford regeneration scheme we know and love today.

When did the Regeneration of Salford Quays begin?

• It wasn’t until 1985 that redevelopment of Salford Quays began, when Salford city council led fresh construction projects which breathed new life into the area up until 1993. The infrastructure of the docks had been developed to build an internal waterway network, a waterfront promenade, roads and bridges, mooring and watersports facilities, and a railway swing bridge. A hotel, cinema, and housing facilities were also introduced, with the amount of public funding and investment for the area totalling around £280 million by the early 1990s.

 The Introduction of MediaCityUK – Salford’s Urban Regeneration Scheme

• Led by the Peel Group, construction for MediaCityUK began back in 2007, marking the beginning of a new Salford Quays and saying goodbye to the once derelict area of Salford Quays before regeneration. Since then, Manchester’s Salford based area has evolved into a renowned hub for business and investment. A multitude of businesses are based in MediaCityUK, including the Northern headquarters of the BBC and offices for ITV, Ericsson, Kellogg’s and 250 more businesses. This has done huge things for the Manchester and North West economy as a whole, with the redevelopment of Salford Quays increasing worldwide interest for the area.
• The significance of the Salford Quays business scene has led to growing demand from young professionals, with more and more people choosing to take advantage of the exciting opportunities on offer in the many office block developments. Not only this, but thanks to the Salford Quays regeneration, several campuses for the University of Salford are based in the area which has boosted the Salford Quays student population. These increased numbers of young professionals and students have encouraged the development of more high-quality accommodation, which is where the expansion of MediaCityUK comes in.