Regent Plaza – 7% guaranteed – 2 years

Regent Plaza – 7% guaranteed – 2 years

Regent Plaza is new residential project built in Manchester city. Regent Plaza features 525 units larger than average city apartments over 5 blocks, surrounding a centralized landscaped garden with seating and social areas for its residents. First low rises blocks will be delivered in the end of 2021, the full project’s completion with its highest blocks will happen in Q3 2022. The rooms at Regent Plaza Manchester can be purchased with a rental management program offering 7% guaranteed rental yield for a period of 2 years.

Lease Term:

• 250 years

The payments terms are the following:

• Reservation Fee of £2,000
• 30% of the net property purchase price on exchange of contract including reservation
• 70% of the net property purchase price upon completion
• 3% Interest paid on deposited funds

Ground Rent:

• 0.1% of the net property purchase price Per Annum

Service Charge:

• £2/sqft Per Annum

Sourced Development Group is involved in the commercial and residential development sectors in the UK. Sourced own and manage developments from reservation to completion ensuring high standards and world class quality at every stage. Sourced Development Group has a solid track record of performing real estate projects.