Situated between Manchester city centre and Salford Quays, Viridian is the city's latest landmark development, creating a new living experience that is naturally inspired.
Comprising 11 storeys of luxury living spaces in 85 spacious one & two-bedroom apartments, and one 3-bedroom penthouse apartment overlooking the city centre, Viridian’s unique design is prominent in Manchester’s new skyline.
Within the development, tenants will also benefit from high-end amenities, allowing them to escape the modern world and find a quiet retreat in the heart of the city.
Viridian
A defining new landmark development in Manchester’s growing skyline, central to the design of Viridian, is the influence of nature.
Shaping the form of the building and inspiring the design of each spacious apartment, Viridian will create a new living experience that is an escape from the bustling city for its residents, where every detail has been considered to complement the development's surroundings.
Within the development, tenants will also benefit from high-end amenities, allowing them to escape the modern world and find a quiet retreat in the heart of the city.
Investment Highlights
- Estimated 7% yields
- Juliet Balcony in each apartment
- Manchester City Centre - 9 minutes walk
- Short-Term Let permitted - yields up to 10%
- 999-year lease
- £0 Ground Rent
- £2.09 per sqft service charge
- 10% initial deposit on Exchange of contracts, 10% 6 months later
- Secure car parking available - £25,000 per space
- Build warranty protecting the initial deposit
- Located within the Regent Park masterplan - One of Europe's largest regeneration schemes worth over £1bn
- Proven developer with extensive track record
- Completion Q2 2027
The UK’s #1 property investment location
Manchester is one of the UK’s best property investment locations, with world-famous culture, outstanding lifestyle and convenient connectivity to the rest of the country and the world, making it a great place to live.
Billions of pounds of investment, a booming economy, a world-class university sector, and thousands of highly desirable jobs make it somewhere people move for work.
A growing population, low construction rates and a lack of available housing - especially luxury city centre properties available housing - make it the ideal place to invest. Whether you are a first-time investor or want to add to an existing portfolio, Manchester has everything you ever need.
Manchester economy
Manchester is an economic powerhouse and unquestionably one of the UK’s strongest success stories. The city is growing fast thanks to a new modern economic revolution that puts it at the forefront of the fastest-growing sectors in the world.
The city’s regional economy is worth more than £87bn, and new analysis from EY shows that it will keep growing at a rate of 2.2% per year until 2027. That is much faster than the national average of 1.9%.
The city’s GDP per capita increased by 44% in the last Census period, from £35,739 to £51,330. This is the largest increase of any major UK city. The number of businesses in Manchester grew from 17,000 to 23,500, and the number of people employed in the city went from 350,000 to 426,000 over the same period.
Manchester’s regeneration
Manchester’s transformation can be best seen by looking at its major regeneration areas. They are changing Manchester’s skyline and upgrading its ambition at the same time.
With almost 30,000 more people coming to live and work in Manchester by the end of the decade, these regeneration areas will be where the future is built in the city. It is also where property investors have a big opportunity to invest now and reap the rewards for years to come.
Major regeneration projects include Victoria North, NOMA, MediaCityUK, Great Ducie Street and First Street.
Market Highlights
- Savills has projected house prices in the region to grow by 31.2% by 2029, with JLL also projecting rental prices will grow by 21.7% in the same period
- The city's economy is worth more than £87bn, and new analysis from EY shows that it will keep growing at a rate of 2.2% per year, which is faster than the UK average of 1.9%
- The region currently has some of Europe's largest regeneration projects, with schemes such as the Regent Park masterplan, Victoria North scheme, NOMA, MediaCityUK and First Street creating new communities throughout Manchester
- Manchester recorded the highest GVA growth across the Big Six cities over the past 10 years, as the Northern Powerhouse economy grew by 32%. Over the next decade, the region is forecast to have the second-highest GVA growth of 23%, only being beaten by Bristol by 1%
- Throughout the past 10 years, Manchester has had nearly 10% growth in population. This is above the average of the Big Six cities, which sits at 8.7% and considerably surpasses the UK population growth at 6.3%
- JJL’s recent Buyers and Tenants Survey shows there is significant interest for properties, including apartments, in central locations close to key amenities, such as public transport, leisure facilities, shops and restaurants
Projected House Price Growth
Projected Rental Growth
What is the development address?
2 Duncan Street, Salford, M5 3SQ
Who is the developer?
Virtu Homes
When is the completion date?
Q2 2027
How many apartments are in the development?
85 apartments over 11 floors
How much is the reservation fee?
£5,500
How much is the exchange deposit (28 days after reservation)?
10%
How much is the stage payment (6 months after exchange)?
10%
How much is the final deposit (on completion)?
80%
Can buyers use a mortgage?
Many lenders offer mortgages on new build properties, and we have recommended brokers who can assist with securing a mortgage
Who are the recommended solicitors?
Davisons Law
How will I be updated during the construction period?
Regular photos and videos will be provided throughout the construction period, along with escourted site visits.
What warranties are provided?
A 10-year buildings warranty (NHBC or similar) will be provided by the developer
How long is the lease?
999 years
How much is the ground rent?
£0
How much is the service charge?
£2.09 per Square foot
What facilities are in the development?
Concierge and reception, residents' lounge, co-working space, podcast studio, bookable meeting and function rooms, cycle store, and residents' terrace on the first floor.
What transport links are nearby?
Multiple bus routes within 500m on Regent Road, Cornbrook train and Metrolink station within 15 min walk, Salford Central train station within 15 min walk. The main arterial motorway network connecting Liverpool to Leeds is within a 1-minute drive.
What are the local amenities?
Currently, Regent Road retail park, being the main retail centre on the Western edge of Manchester city centre, is within 50m of the development, and is being replaced by the council's Regents Park Masterplan. Manchester City Centre is a 15-minute walk, and Media City is within a 3-minute drive.
Are furniture packs available?
Yes, furniture packs available from £4,299 - £10,799
Is rental management available?
Yes, our sister company, Northbank Residential, are the recommended rental agent
What rental yield can I expect?
One Bedroom Apartments - 6-6.5%
Two Bedroom Apartments - 5-5.5%
Three Bedroom Apartments - 4.5%