Boutique developers Urbano Property and Big Red Construction, in partnership with leading International Off-Plan Property Consultancy, LH1 Global, have revealed a first look at a design driven exclusive development in the heart of Manchester’s Northern Quarter. Comprising 41 one- and two-bedroom apartments, LOMAX has been designed to reflect the industrial heritage of the area, with a detailed brick façade and large glazed windows featuring bronze detailing. Prices will start from £239,950.
Situated on Ducie Street, LOMAX’s design represents a contemporary take on the traditional brick-built warehouse, which will see the eight-storey residential building complement the nearby Ducie Street Warehouse, an aparthotel which is within the converted 18th Century former Manchester, Sheffield and Lincolnshire Railways (MS&LR) cotton storehouse.
Rayna Hunter CEO of LH1 Global commented, said: “LOMAX is in a fantastic location in the heart of Manchester’s Northern Quarter, close to excellent amenities and transport links. The building perfectly encapsulates the history of the area and contributes hugely to the extensive regeneration programme that is transforming this vibrant part of Manchester.
“Delivered by a forward-thinking local developer, the homes available will provide much needed accommodation to the city centre and we’re excited to bring them to the market in the coming weeks.”
Well-located, LOMAX is within a six-minute walk from Manchester Piccadilly, whilst the revered Arndale Centre, with over 200 retail outlets and restaurants is under 15 minutes away. Close to an array of cultural hotspots, Market Street, Exchange Square and the Royal Exchange Theatre are all in easy reach.
One of the UK’s best performing cities, Manchester’s economy is expected to grow to £71 billion by the end of 2023, which is in part driven by the burgeoning tourism industry that will see visitor numbers surpass 120 million across the next 12 months.
In terms of property value growth, it’s difficult to find a better location than Manchester. The UK’s new ‘second city’ has dominated growth charts over the last 20 years and has surpassed every other major UK city.
Manchester’s property market has enjoyed exceptional growth in the last decade, with prices rising by 85% and forecasts predicting a further increase of 15% by 2026. Demand is set to further increase due to Manchester’s 11-year status as the ‘UK’s No.1 City for Liveability’ in the Global Liveability Index.
For further information on LOMAX contact LH1 Global on Tel: 0207 129 7900 or Email: [email protected]