* These images are for marketing purposes only and do not reflect intended furniture packs.
Situated on Ordsall Lane, one of Salford’s most emerging residential areas, the development is perfectly located - bordering directly on Salford Quays (the home of MediaCityUK, Europe’s most acclaimed creative industry hub), and also just a short walk away from Manchester’s thriving city centre.
Bridgewater Point is comprised of 220 residential units, made up of a mixture of stunning studio, 1, 2, and 3 bedroom apartments, as well as a selection of beautiful townhouses, spread over seven floors. All apartments are furnished using only the highest quality materials and appliances, and are decorated in a contemporary chic manner.
In addition, residents of this ultramodern 194,000sqft development are also able to enjoy a private on-site gym, bike storage facilities and a limited number of car parking spaces. Furthermore, the complex also plays host to a striking communal garden area, a perfect utopia for residents to relax and unwind. Bridgewater Point is truly a state-of-the-art project thanks to its beautiful interior and exterior design, further enhanced by its proximity to two of the UK’s must-see places - Salford Quays and Manchester city centre.
Why Bridgewater Point?
- 6% assured NET rental yields in year one
- Stunning apartments in a highly soughtafter location
- Prime rental market in Salford
- Excellent location between Salford Quays and Manchester City Centre
- Great transportation links - tram and bus access
- Built by experienced developers Fortis Developments
- Fully let and managed by an experienced lettings agent
* These images are for marketing purposes only and do not reflect intended furniture packs.
Bridgewater Point is at the forefront of modern high-end living. Each and every apartment is furnished with beautiful fixtures and furnishings, and contains top-of-the-range appliances that perfectly befits custom-made city living. The needs of modern tenants are perfectly catered to in Bridgewater Point, where high-end luxuries like a 40-inch SMART TV just add to the luxurious feel and make each tenant feel at home.
Furthermore, the development is home to a number of residential amenities to heighten the feel of luxurious living. A private on-site gym, secure bicycle storage and a beautifully-landscaped communal garden area were purposefully designed with residents in mind, while the on-site management office is on-hand to ensure that each and every tenant is fully happy in their new home.
A furnished apartment can command up to 8.1% more rental income than an unfurnished property
6% assured NET rental yields in year one
Investment Options for Bridgewater Point:
| Studio apartments from | £104,995 |
| 1-bed apartments from | £114,995 |
| 2-bed apartments from | £129,995 |
| 3-bed apartments from | £139,995 |
| Luxury townhouses from | £164,995 |
Example financial projection for a 1-bed apartment:
| Purchase price: | £114,995 |
| Est. annual rent: | £8,220 |
| Est. service charge: | £840 |
| Est. management fee: | £411 |
| Est. NET income: | £6,969 |
| Est. NET yield: | 6.06% |
Example financial projection for a 2-bed apartment:
| Purchase price: | £129,995 |
| Est. annual rent: | £9,300 |
| Est. service charge: | £960 |
| Est. management fee: | £465 |
| Est. NET income: | £7,875 |
| Est. NET yield: | 6.06% |
- 1. Cornbrook Tram Stop | 0.7 miles | 13 minute walk
- 2. Exchange Quay Tram Stop | 0.8 miles | 14 minute walk
- 3. University of Salford | 0.9 miles | 15 minute walk
- 4. Salford Quays/MediaCityUK | 1.2 miles | 24 minute walk
- 5. Old Trafford Football Stadium | 1.3 miles | 25 minute walk
- 6. Manchester Arndale Shopping Centre | 1.5 miles | 29 minute walk
- 7. Manchester Piccadilly Train Station | 2 miles | 40 minute walk
* All plans are based on concepts provided by the developer, are indicative only and are subject to change.
Bridgewater Point has a host of on-site amenities, including a private on-site gym, stunning outdoor communal areas and parking available.
This development is a mix of apartments, ranging from:
Studios x 3
1-Bed Apartments x 83
2-Bed Apartments x 90
3-Bed Apartments x 30
4-Bed Apartments x 1
Townhouses x 13
Site plan to the right indicative to ground floor layout
1-Bed Apartment
83 x 1-Bed Apartments | Average Sq-ft : 454
2-Bed Apartment
90 x 2-Bed Apartments | 90 x 2-Bed Apartments Average Sq-ft : 672
3-Bed Apartment
30 x 3-Bed Apartments | Average Sq-ft : 870
Townhouse
13 x Townhouses | Average Sq-ft : 895
Am I buying as freehold or leasehold?
250 years leasehold
What is the address of the site?
Ordsall Lane, Salford, M5 4TD
Are there tenants already in place?
No, Bridgewater Point is a newbuild development
How much is the ground rent?
Ground rent is £349 per annum
What are the projected annual returns on this project?
6% NET returns in year 1
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 Fortis Lettings & Management, who will let and block manage the building.
Are there any restrictions if I want to sell?
No, Bridgewater Point is a residential development, so you are free to sell your apartment on the open market.
- 1. Speak to your designated property consultant
- 2. Choose your perfect apartment and pay the deposit
- 3. Both sets of solicitors are instructed, and the legal documents and sales pack sent out to you
- 4. 25% of the balance is payable upon exchange of contracts
- 5. 25% of the remaining balance payable upon completion of the structural frame
- 6. Remaining 50% payable upon completion of the development
