Spinning Mill

Buy property across the UK

£2,000

Reservation fee

Offering an insitutional invstment for retail clients

10%

exchange deposit

Cash only investment

Q2 2022

completion

Built on Rochdale Canal

£155,000

Starting Price

1-bed apartments

Welcome to Spinning Mill

Spinning Mill is a striking Grade II former textile mill located on the banks of the Rochdale Canal, to the north east of Manchester city centre.Although textile production ceased in the 1960’s, the mill now offers luxurious one and two bedroom apartments, which have been created for professionals keen to benefit from easy access to the city centre for work and pleasure.

From each apartment window, the Mill’s panoramic views across the city and surrounding suburbs can be fully appreciated. It’s an exciting landscape and one that continues to evolve as significant public and private investment funds the formation of new communities, amenities, attractions and opportunity.

Regeneration

Developer- Medlock

Medlock was established in 2007 as a multi-sector main contractor specialising in projects with values of between £100k and £10m. Their portfolio includes complex refurbishments, fit outs and new build construction. They have a proven track record of delivering outstanding performance, a reputation for ‘best in class’ service.

Welcome to Spinning Mill

GALLERY

Spinning Mill – Location - Victoria Mill,10 Lower Vickers St, M40 7LJ

Designed by prominent Bolton architect George Woodhouse, it’s bold six-storey red-brick façade and towering chimney has dominated the local skyline for over one and a half centuries. Spinning Mill sits in the heart of the thriving East Manchester area of regeneration. Since the early 2000’s, the area has been the recipient of several billion pounds of public and private investment.

Residents of Spinning Mill have the benefit of world-class facilities, attractions, shops and employment opportunities within walking distance of their front door as well as the wealth of excitement and opportunity in the city centre, just a short tram commute from nearby Holt Town Metrolink.

AT A GLANCE

LOCATION

Regent Plaza is located between Manchester City Centre and Salford Media City at Salford Quays. The site has the Chapel Street corridor to the north and Salford Quays to the South West.

Regent Road is the linking arterial route between the Mancunian Way running around the southern half of Manchester City Centre and the M62, with transport links west to Warrington and Liverpool.

TRAVEL TIMES

Bus Stop – 1 min walk
Deansgate Station – 18min walk / 5 min drive
University of Salford – 15 min walk / 3 min cycle
Media City  – 10 min cycle / 6 min drive
Manchester City Centre – 10 min cycle / 6 min drive
Spinningfields –  20min walk / 6min drive

WHY INVEST IN MANCHESTER

From its rich industrial past Manchester has diversified to become the beating heart of the Northern Powerhouse. Out of the six cities within the Northern Powerhouse scheme, Manchester recorded the highest growth in GVA per head at 6.8% since the inception of the initiative. It also boasts the highest number of development plans, with £78 million in funding earmarked for culture and leisure projects in the city.
 
The city is well-connected with the UK as well as internationally and is regarded as a vital transport hub for the north of England. A GBP1 billion investment by Manchester Airports Group and Beijing Construction Engineering Group to expand Manchester airport will further boost the city’s appeal and accessibility.
 
These development plans, along with growing industries and world-renowned education and digital sectors, is encouraging a growing population. The population of Manchester’s city centre grew approximately 10% from 2014 to 2017 and is projected to grow by a further 10.6% between 2017 and 2026. Employment growth in Manchester is expected to exceed that of many international capitals, including Paris, Berlin and Tokyo, according to predictions by Oxford University economists. It is anticipated that 55,000 new jobs will be created before 2025, adding GBP19 billion Total Gross Value in the economy by 2030.

THE MANCHESTER PROPERTY MARKET

Properties in Manchester are selling fast and prices are rising rapidly. The average house price in Manchester grew by 19% from Q1 2016 to Q2 2019, demonstrating continued growth despite political uncertainty. Manchester’s rapid growth is expected to continue, with a growth forecast of 15.9% projected from 2019 – 2023.
 
Rental rates are also increasing, with rents forecast to increase 16.5% between 2019-2023. This is due in part to the city’s rapidly growing number of young professionals, new graduates and students flocking to the city. This community’s demand for housing, and particularly new-build modern housing, is putting upward pressure on rents. Manchester is struggling to keep pace with the growing demand for housing. While Manchester City Council has stated they aim to build a minimum of 2,500 new homes annually until 2025, it appears that supply in the city will be unlikely to catch up with demand for several decades. 

REQUEST MORE INFORMATION

If you would like to discuss more, share your feedback, or ask any questions, please get in touch with us by using the contact form below or calling us on +442071291223

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