Located in the absolute heart of the UK’s most dynamic city, SYNQ-MCR is a new, high-quality residential development designed by IDP, one of Manchester’s leading architects The development comprises of 183 units over 8 stories with ground floor commercial units, communal facilities, and a rooftop garden. Just one minute walk from Market Street, Manchester’s main shopping street, yet located within Manchester’s hip Northern Quarter, the development is in an unrivalled location within the city – rental demand will be exceptionally high.
The scheme has been designed to appeal to the rapidly growing rental market as well as offering units attractive to owner-occupiers – exceptional rental demand and a strong resale market. Local property prices are predicted to rise by 19.3% (Savills) during the construction phase of the project, allowing purchasing at today’s prices with the potential for significant capital growth before completion. Apart from the shortage of potential development projects in the M1 postal district, most city-centre development is being pre-purchased by Institutional / Private Equity PRS funds providing little or no opportunity for the individual investors or owner-occupiers to purchase a property in super-prime locations in this buoyant market.
The Northern Quarter is home to a sign if can’t number of small – medium sized business and independent operators and a growing digital, media
and technology-based sector, as well as creative and cultural industries.
The Northern Quarter has seen the number of digital firms located there increase by 70% over 3 years with
Manchester recently being crowned the UK’s “capital of start-ups” with over 2000 firms created in the City in the last since March 2015. SYNQ-MCR is situated in the heart of this vibrant creative hub. Often compared to London and New York’s Soho districts, the Northern Quarter was
historically the centre of Manchester’s cotton industry (the first cotton mill in the city was located in what is now the Northern Quarter) with many cotton mills and warehouses located in the area.
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