West Gate rises at a rare intersection where the curve of the Irwell meets the cultural momentum of St John’s Culture & Enterprise Quarter.
West Gate
Rising 39 storeys, it comprises a collection of contemporary deluxe apartments, enhanced by exceptional private amenities and sweeping views across the city skyline.
This is a place shaped by industry and artistry, by river and city, calm and vibrancy. Offering 5-star luxury living, the design works in harmony with Manchester’s energy to create a setting defined by comfort, connection and contemporary living.
Investment Highlights
- Estimated 5-6% yields
- Manchester City Centre - 9 minutes walk
- 990-year leasehold
- Proven developer with extensive track record
- Completion Q3/4 2029
- Located within the St John's Regeneration zone
- Residents will have access to the exclusive amenities
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
Location?
Water Street, Manchester City Centre, M3
What type of apartments will be available?
1, 2 and 3-bedroom apartments and penthouses.
Who is the architect?
Simpson Haugh
Who is the interior architect?
Lister & Lister
What's the tenure?
Leasehold (990 years from 1st January 2029)
Is there parking?
Right to park available to purchase for £30,000 with select 2-bedroom apartments and all 3-bedroom apartments
When is the estimated completion?
Q3/Q4 2029
What is the warranty?
Buildzone 10 year home warranty and 2 year developer warranty
What is the service charge?
£3.52 per sq ft
What is the building insurance?
£0.80 per sq ft
What is the ground rent?
Peppercorn - £0.00
What are the terms of payment?
A reservation fee of £3,000 is payable and is non-refundable. 20% deposit is payable on exchange of contracts. The balance of 80% - minus thereservation fee is payable on completion.
Who are the vendors' solicitors?
Salehs Solicitors:
Alan Berry
Didsbury House
748 - 754 Wilmslow Rd
Manchester
M20 2DW
Email: ab@salehs.co.uk
Tel: 0161 434 9991