16th January 2020
The Loom at Vulcan Mill | Manchester
With completion of our next Manchester development on the horizon, Nicola Smith, Associate Director, took a tour of the site to provide an update on progress at The Loom at Vulcan Mill.
Located in the one of the most sought-after neighbourhoods in Manchester, New Islington, The Loom is the last phase of the Vulcan and Albion Mills transformation, consisting of 101 one and two-bedroom apartments. It is only 100 meters from New Islington tram stop, making ease of accessibility to the heart of the city and the many universities within. The Loom provides residents with convenient living and a touch of modernity that is becoming tantamount throughout the city of Manchester.
All of the apartments at The Loom will be finished to an extremely high specification throughout yet keeping with Vulcan Mill’s original design. The development should prove to be exceptionally popular with young professionals and international students, due to its proximity to the city centre and the local amenities.
As the regeneration of New Islington continues to grow, along with many other neighbourhoods, the private rented sector (PRS) in Manchester is gathering pace as several new and forecast PRS developments throughout the city and fringes continue to get underway and investors continue to enjoy strong yields and returns. We have witnessed excellent results with our previous developments across Manchester. In 2019 our team achieved excellent rental values for our clients, with an average increase of 3% in rents and the average rental yield being 5.63% – which is fantastic news for our investors.
If you would like to find out more information about the Loom at Vulcan Mill and how we can assist with the handover, lettings and management and furnishing of your investment, please email us at email@example.com or call us on +44(0) 203 551 9899