The eagerly anticipated third phase of the award-winning Adelphi Wharf development has arrived.
Located in a buy-to-let property hotspot, the ever-popular city of Salford, Adelphi Wharf Phase 3 follows on from the tremendous success of the first two phases, both of which are sold out and in construction. Investors were understandably enamoured with the development’s attractive modern apartments, superb waterfront location and the area’s evergrowing rental demand. Furthermore, the fact that Adelphi Wharf is being built by experienced UK developer Fortis Developments in association with Elite City Living has only enhanced investor demand for such a unique development.
Adelphi Wharf will be a beautiful tenant retreat, providing peaceful landscaped gardens alongside modern urban living. Residents will overlook the River Irwell as well as living within easy reach of Manchester’s city centre.
The third and final phase of this outstanding development will consist of 224 stunning apartments, ranging from spacious studios to luxury three bedroom apartments. Each apartment will be furnished to the highest standard*. In addition, residents of Adelphi Wharf will have access to a state-of-theart private on-site gymnasium in Phase 1 of the development, as well as communal areas and secure bike storage for all residents and allocated parking spaces for selected units.
ALL YOU NEED RIGHT ON YOUR DOORSTEP
Adelphi Wharf’s location is second-to-none. As well as overlooking the River Irwell, residents of this development are just a short walk from both Manchester and Salford city centres. This means that amenities like bars, restaurants, shops and attractions are just a stone’s throw away
Furthermore, essential public transport links are conveniently located, meaning that travelling in and around Greater Manchester has never been easier. Links by car, train, tram and bus are within reach and for those looking to travel further afield, Manchester Airport is less than 10 miles away.
The University of Salford 0.5 miles
Salford Museum and Art Gallery 0.5 miles
Salford Crescent Train Station 0.7 miles
Manchester Spinningfields 0.9 miles
Manchester Arndale Shopping Centre 1.4 miles
Manchester Piccadilly Train Station 2.8 miles
MediaCityUK, Salford Quays 2.5 miles
Lowry Theatre Salford Quays 2.5 miles
Salford Central Train Station 0.5 miles
As well as a range of apartments, residents of Adelphi Wharf Phase 3 will N have access to luxury on-site amenities, including a private fully-equipped gymnasium in Phase 1 of the development, stunning outdoor spaces and allocated residents parking on selected units.
Studio Apartments x 64
1 Bedroom Apartments x 73
2 Bedroom Apartments x 71
3 Bedroom Apartments x 16
Site plan to the right is indicative of the 6th floor
EXAMPLE ONE BEDROOM
EXAMPLE TWO BEDROOM
EXAMPLE THREE BEDROOM
Each apartment at Adelphi Wharf is spacious and luxurious. Juliette balconies and private terraces enhance residents’ enjoyment of living by the riverside, whilst the high-end fixtures and furnishings offer the best of modern city living. The development itself has outstanding views of Salford and over the River Irwell to the West, towards the Meadows which provide an extensive green space in the heart of the city.
At the forefront of new-build rental accommodation in the North West, the third and final phase of the Adelphi Wharf development will emulate the success of the previous two phases, with investors still clamouring after such sought-after investment opportunities.
In addition to the development’s living spaces, the site will also provide extensive amenities for the residents. Each apartment will take advantage of the natural light afforded by the location. Bright communal areas, terrace gardens and a management office have been thoughtfully designed with residents in mind. Adelphi Wharf is the perfect resident retreat.
The Adelphi Wharf development is located in the heart of Salford, Greater Manchester. Set against the backdrop of the River Irwell, the development is only a short walk from both Salford and Manchester city centres.
Once known only as Manchester’s smaller neighbour, Salford has come into its own following comprehensive regeneration projects which have rejuvenated the entire city, allowing it to compete not only with Manchester, but on a global scale.
MediaCityUK on the historic quays has given the area a reputation as a world leading technology, media and telecommunications hub, as well as being a home to digital creativity and learning.
MediaCityUK is home to over 250 businesses. Big names like the BBC, ITV, dock10, SIS and Bupa rub shoulders with up and coming businesses set to revolutionise the TMT sector. The BBC alone added £277m to the local economy in 2014/2015. The continuing expansion of MediaCityUK ensures that the area will continue to become increasingly prosperous and vital to Salford.
Chapel Street links the cities of Salford and Manchester, and has been transformed from a traffic-choked highway into a distinctive city high street, which has won awards for its pedestrian-friendly design and for its safe environment for people, businesses and visitors alike. Alongside the improvements to the local infrastructure, the street encompasses stylish townhouses, 125,000 sqft of office space and a large hotel.
The £400m Port Salford development is set to be the UK’s first tri-modal inland port which, when completed at the end of 2016, will completely reinvigorate the lapsed Salford dockyards. It is part of the Ocean Gateway project, from Liverpool up to Manchester, which aims to re-establish the North West as the UK’s premier shipping hub, as well as generate significant growth in the logistics, manufacturing, construction and energy sectors.
Salford’s extensive and ongoing regeneration has seen its stock skyrocket – demand for rental accommodation across Salford has grown tenfold since the completion of MediaCityUK in 2011 and shows no sign of slowing in the future as the city continues to modernise.
The North West of England offers stronger rental yields and potential for capital appreciation than almost anywhere else in the country, and Salford leads the way in the region. It is no surprise that investors continue to flock to the city in their droves, keen to take advantage of all that Salford already has to offer as well as the city’s incredible potential in the future.
- Speak to your designated Property Consultant
- Choose your perfect apartment and pay the reservation deposit
- Both sets of solicitors are instructed, and the legal documents and sales pack sent out to you
- Upon exchange of contract, 25% payable within 21 days (less the reservation deposit)
- A further 25% payable on the completion of the structural frame
- Remaining balance payable upon the completion of the development
Am I buying as freehold or leasehold?
250 years leasehold
What is the address of the site?
Adelphi Wharf, Adelphi Street, Salford M3 6EN
Are there tenants already in place?
No, Adelphi Wharf Phase 3 is a new-build development, with completion expected Q1 2018
How much is the ground rent on this development?
Ground rent is £349 per annum
What are the projected annual returns?
Returns of circa 6% NET are expected from the completion of your apartment
When is my rental income paid?
Quarterly in arrears, paid directly into your bank account from completion
Is there a lettings & management company in place?
YWe recommend Fortis Lettings and Management and Intus Lettings to let and manage your property. Fortis Estate Management is the designated block management company
Are there any restrictions if I want to sell?
No, Adelphi Wharf is a residential development, so you are free to sell your apartment on the open market after completion of your purchase