Property description

X1 Eastbank is enviably located on the edge of Manchester city centre in the thriving area of Ancoats and New Islington. This luxurious development will have all the advantages of being a short walk away from the local parks and independent shops of suburbia, but also

close to the vibrant bars and restaurants of the city. This exclusive new-build is expected to begin construction in January 2015 and be completed by March 2016. This nine-floor residential

project will have a range of high-spec facilities suitable for all, with both car parking spaces and bike storage available. The advantage of it being a new-build project means that the developers have had a chance to reflect on what is wanted by modern consumers, and customise X1 Eastbank to truly cater for all aspects of 21st century life. Beng located so close to Manchester city centre means that many apartments will benefit from spectacular city views, with the remainder facing the garden courtyard and terraces. Private balconies are available on a number of the one and two bedroom apartments, and the addition of a private gymnasium, on-site management company and laundry facilities will make living at X1 Eastbank easy and stress-free.

Apartment type Prices from

One-bedroom apartment from £110,000

One-bedroom apartment with balcony from £115,000

Two-bedroom apartment from £135,000

Two-bedroom apartment with balcony from £140,000

3-bedroom penthouse from £195,000

Property Specs:

Communal Areas;

Main communal entrance area with ceramic tiled floor finishes

Individual post boxes within communal ground floor area

Electronic fob operated door entry systems with video link

Lift access to all floors

Quality carpeting to communal stairwell and corridors

Refuse chutes for waste disposal on each floor

Kitchen Area;

Fully fitted modern kitchen with a selection of base units and laminated worktops

Electric multifunction oven and hob finished in stainless steel

Integrated fridge and freezer compartment

Contemporary vinyl flooring

Bathrooms:

Modern white sanitary ware including concealed cistern WC

Contemporary chrome fittings

High quality shower fitting

Walls and floors fully tiled in contemporary ceramic tiling

Heated electric towel rail

F A Q'S

Am I buying as freehold or leasehold?

250 years leasehold

What is the address of the site?

X1 Eastbank, Great Ancoats, Manchester, M4

Are there tenants already in place?

No, X1 Eastbank is a new-build development which will be furnished to the highest of standards and will be ready toaccept residents from March 2016

What are the projected annual returns on this project?

Returns of 6% are assured for the first year from completion of

your apartment

Can I receive finance on this development?

There is currently no finance offered by the developer

When is my rental income paid?

Quarterly in arrears, direct into your bank account from completion

Is there a management company in place?

Yes, the designated management company will be X1 Lettings, who will block manage and let the building

Are there any restrictions if I want to sell?

No, X1 Eastbank is a residential development, so you are free to sell your apartment on the open market

How much is the ground rent?

Ground rent is £275 per annum

Property Features :

• Prices starting at just £110,000
• Selection of 1, 2 & Bedroom Apartments
• Modern Design
• Great Investment Potential with a 6% Net Assured Yield for the First Year
• Completion Due For March 2016