Case Studies

Skylines Central - PRS Investment

Acted on behalf of the vendor to dispose of this iconic residential tower in Manchester. Comprises of 129 apartments with a sky pool and gym on the 18th floor.

Skyline Central - PRS

Client: Wheatley Properties Ltd
Project type: Disposal

summary

  • Income producing block of 129 residential apartments let on ASTs
  • Additional facilities include gym, concierge and sky pool
  • GRI: £1.5m p.a.
  • NOI: £1m p.a.
  • Achieved: £18m
  • NIY: 5.5%
  • Sold Aug 2013