Angelgate | Development Progress
Here you will find the latest progress report and images from the constructions of Angelgate in Manchester, UK. The Angelgate development will include 344 units with views of the vibrant Northern Quarter, the busy residential Green Quarter and the impressive Manchester skyline.
This development will house a mix of one and two en-suite bedroom apartments with features such as contemporary fitted kitchen with high spec Bosch appliances, underfloor heating, Sky pre-wiring to all TV points and double glazed windows.
On-site features include a concierge service, 2 level fitness suite with gym, steam and sauna room, landscaped gardens, secure car parking and retail units to complete the scheme. Many apartments will also feature a balcony, providing additional space and a tranquil outdoor area.
With the Angelgate investment, there is an assured NET yield of 7% for the first 2 years and comes with a pre-launch opportunity that include large discounts & first pick.
Angelgate | Development Progress 27/02/2017
This update about the development progress of Angelgate in Manchester is dated from 27/02/2017. We have received an updated build quote. We have worked together very closely to ensure that this is substantially less than previous quotes.
The attached report goes into more detail about what works have been completed and how things are progressing. Important points are below.
Main Points:
- We are currently in talks with a potential buyer of the freehold who is offering more than previously advised, which will leave the site in a financially neutral position.
- We are also looking at a potential amendment to the existing planning and we are reviewing options to convert the ground floor commercial units to sellable apartments. Due to premium market conditions, it’s possible that we will be able to sell these at a higher value, which will also generate additional funds for the build.
- We are developing an updated projection cash flow.
Angelgate | Development Progress 05/05/2017
This update about the development progress of Angelgate in Manchester is dated from 05/05/2017. The Pinnacle Alliance Team have officially instructed Goodwin Construction Group to complete the build on the Angelgate site, with work now underway.
The attached report goes into more detail about what works have been completed and how things are progressing. Important points are below.
Main Points:
- Stage 1 – High level assessment – Initial information to be obtained from Employer’s Agent
- Stage 2 – Pre-Construction Service Agreement
- Stage 3 – Cost Plan & Market Testing
Angelgate | Development Progress 23/06/2017
This update about the development progress of Angelgate in Manchester is dated from 23/06/2017. Goodwin Construction Group has been officially appointed to conduct the recommencement surveys. The role of Goodwin’s at this stage, is to come up with a credible and detailed estimate of the costs associated with completing the development.
The attached report goes into more detail about what works have been completed and how things are progressing. Important points are below.
Main Points:
- Site security will carry out regular site inspections.
- We do not anticipate there will be any issue with electricity to the completed development.
- We are also delighted to inform you that the buyers group has appointed two buyer group directors Rob Linaker and Gary Langton.
