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| Market price: | £169,000 |
| Discount: | 17.5% |
| Purchase Price: | £139,425 |
| Immediate Equity: | £29,575 |
| Rental Coverage: | 120% |
We were pleased to offer our clients the opportunity to invest in Sportcity Living. Sportcity Living was our chance to give our investors the opportunity to buy in on the ground roots of what is the most exiting urban redevelopment scheme in Manchester’s history. We negotiated 17.5% discount for our clients, giving immediate equity of £29,575 and a healthy 120% rental coverage.
What was once the industrial gateway to the city is being transformed. With investment to date exceeding £274 million, the planned £2 billion regeneration of East Manchester is well and truly underway. Over the coming years, the former industrial gateway to the city will be transformed and the hub of this exciting new development is already in place. The City of Manchester Stadium, the UK's first major national stadium for over 75 years, is now home to Manchester City FC and is rapidly establishing itself as a prime fixture on the national and international sporting calendar.
The Stadium is complemented by a new National Squash and Tennis Centre, as well as The English Institute of Sport, with its all-weather athletics track, indoor athletics centre and specialised sports injury medical facilities.
A 160-hectare business park is the centre piece of this development, with substantial scope for expansion. This is complemented by a further 200 hectares of commercial and industrial land, with a strong emphasis on new and emerging technologies.
Sportcity demonstrates our policy to bring excellent off-plan investment properties with genuine discounts, good rental coverage and future capital growth.