New Cross Central in manchester

Name: Sales in New Cross Central started!
Start: 2021-09-13T12:34:55.359025+00:00
End: 2023-12-31T23:59:59+0000
Location: New Cross Central

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Project info

Object ID: 14384

Finished at	June 2022
Price, m²	From 5630$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 72.00 m²
Floors	10
Apartments	80
Condition	Turnkey
Construction type	Monolyth
Security	Intercom CCTV Security
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

405,360$

Net profit

8,283$

Payback period

38.2 years

Avg property value increase per year

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Promos and discounts for New Cross Central

About the project

As evident from the name, the residential complex is nestled in the New Cross area, which lies next to NOMA, the Northern Quarter, and Ancoats. The heart of the Northern Quarter with its independent shops, restaurants, and bars is less than a 5-minute walk away from New Cross Central. Meanwhile, Ancoats also provides a wide range of top-notch amenities nearby, including excellent co-working spaces, pizzerias, and breweries. A collection of world-class malls that can easily impress even the most experienced shopping lover are within walking distance, including Affleck's, Manchester Arndale, and Barton Arcade.

If you want to get away from Manchester’s buzzing streets, there is St Michael's Flags & Angel Meadow Park just a 5-minute stroll away from the new development. The park is steeped with history and lush greenery. While exploring the green canvas, you can find various art installations and old gravestones that are scattered around the area. Manchester’s canal network is also easily accessible in case you are up for a tranquil promenade along a beautiful stream, lined with architectural landmarks and authentic eateries.

New Cross Central benefits from amazing transport links. For travelling around the city, there is the Metrolink system right on the doorstep, providing access to Green, Yellow, Pink, and Navy Lines. Moreover, Manchester Victoria Train Station is 8 minutes away, offering local and regional services to numerous destinations.

Developer

Far East Consortium International Limited (FEC, HKSE: 35) is a leading regional conglomerate specialising in property development and invest…
Details about Far East Consortium International Limited FECIL