41 warehouse-style, modern apartments have now been announced in the heart of Manchester’s Northern Quarter. The residential development was launched by boutique developers Big Red Construction and Urbano Property, partnered with leading International Off-Plan Property Consultancy, LH1 Global.
The collection of one- and two-bedroom homes, starting from £239,950, are set within an attractive eight storey residential building that has been designed to reflect the industrial heritage of the area. 30% are already sold after an exclusive pre-launch release.
Occupying a prominent position on Ducie Street, which was once home to rows of Victorian era red brick commercial buildings, LOMAX features a detailed brick façade and large glazed windows with bronze detailing, which combine to create a modern warehouse aesthetic.
Internally, each apartment skilfully utilises contemporary fixtures and fittings to create luxury interiors that provide a nod to the building’s history. There is timber style flooring throughout the main living spaces, with soft carpeting in the bedrooms. All kitchens are fitted with integrated appliances and include quartz worktops, whilst bathrooms include rich tiling and Crittal style shower screens. There are also full height sliding doors onto spacious balconies within certain unit types.
The homes at LOMAX, which range in size from 468 sq. ft. to 989 sq. ft. are also fitted with the latest home technology, including smart electric radiators and secure camera intercom systems. There is also secure bicycle storage.
Ideally-located, LOMAX is within a six-minute walk from Manchester Piccadilly train station, 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 within easy reach.
Manchester boasts one of the UK’s best performing property markets, with an incredible 112% growth in price growth recorded between 2010-2020, with the trend anticipated to continue at a steady rate in the years to come. Sales prices are tipped to increase by 19.3% between 2023-27, whilst rental values are predicted to see a rise of 21.6% across the same period due to an increasing number of young professionals making the move into the city.
This is also driving Manchester’s economy, which is expected to grow to £71 billion by the end of 2023. This is also part-driven by the burgeoning tourism industry that will see visitor numbers surpass 120 million across the next 12 months.
Rayna Hunter, CEO of LH1 Global commented, said: “This is one of our most exciting residential launches in recent months, as LOMAX delivers an exceptional collection of apartments in one of Manchester’s most exciting and vibrant areas. The development is a modern take on the city’s industrial heritage, whilst benefitting from high-end finishes that make this an incredibly attractive investment.
“This is a popular location in the heart of Manchester and interest has already been high, with 30% of available apartments already secured. The new homes provide much needed accommodation for the city centre, close to all of the major hotspots and we’re excited to officially release them onto the market.”
Prices at LOMAX start from £239,950 for further information contact LH1 Global on Tel: 0207 129 7900 or Email: [email protected]