Derwent Street

Derwent Street is an exciting new riverside development comprising of 437 contemporary apartments and commercial space, arranged around courtyard gardens with secure parking. The development is set in the increasingly popular area of Salford and enjoys convenient access to Salford, Salford Quays and Manchester city centre and excellent infrastructure links with the M602 approximately ½ a mile away, where connections to the M60 and M62 can be made.

1st Phase – heavily discounted prices

Net prices from: 1 Bed £98,900 – 2 Bed £133,300

RICS Valuation - Rental estimation: 1 Bed £575, 2 Bed £675

2 bed prices include en suite and parking

Developer: Countryside Properties

Area: Derwent Street, Salford, Manchester

Number of units/phases in total: 437

Parking: With each two bed apartment

Freehold/leasehold Term: Leasehold 125 years

Ground Rent: £229

Service Charge: Approx £1.00/sq ft (TBC) Name of Solicitors/Details: TBA

Detail of Indemnity Underwriters e.g. NHBC: NHBC

Stage of planning: Full Planning

Deal Structure

* Reservation fee £2000 per unit * Reservation fee does not form part of the deposit – this is off set against completion. * 28 day exchange deadline * 5% payable upon exchange of contract, 5% payable approx 6 months later * Completion due in approximately Autumn 2008 * Sourcing fee of 2% of developer’s list price plus VAT.

It's all about Location, Location, Location! These Apartments are situated between the Ordsall Corridor linking Manchester City Centre to Salford Quays and the banks of the River Irwell, which physically and officially divides Manchester and Salford. Situated just one mile between the City Centre, Piccadilly, Universities, the Motorway Network and Salford Quays the location is ideal.

The developement is 1km from Manchester’s recently completed flagship residential and hotel development, Beetham Tower, where current valuations come in at over £400/sq ft. The average Derwent Street apartment that Baron offers averages £252/ sq ft.

Salford Quays is home to The Lowry Theatre and The Imperial War Museum together with Designer Outlet Mall offering various retail and leisure facilities. Numerous high quality residential schemes are currently being developed with the likes of Countryside PropertiesNV Buildings, City Lofts Salford Quays and Millennium Estates Erie Basin.

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