Bosses behind the Salford residential scheme say it’s no surprise the 206 apartments and townhouses have been snapped up.
The first phase of a luxury residential scheme on the banks of the River Irwell in Salford has sold out.
Adelphi Wharf, a £75 million project, will boast 593 apartments and townhouses, a gym, secure bicycle storage, underground parking, a reception area and landscape gardens when it is all built.
Phase one, due for completion in early 2017, includes 206 apartments and townhouses which have all been snapped up.
Knight Knox – a leading provider of buy-to-let developments to the private investor market – said the scheme will also have secure underground parking.
The development will be let and block managed by Fortis Lettings and Management, while Fortis Developments will act as developer.
Director of Fortis, Kieran Moore, said: “Adelphi Wharf is an exciting project, so it’s no surprise that the first phase has proven so popular.
“Fortis Developments has worked closely with Salford City Council and Urban Vision to ensure that the design and visual impact of Adelphi Wharf complements the area, whilst incorporating modern architecture along the city’s water front.
“A riverside walkway will be created to offer access to the waterfront, allowing residents to enjoy Salford’s surroundings with ease.”
Andy Phillips, commercial director at Knight Knox, said: “2015 is proving to be a very exciting year for Salford, due to significant investment into the city’s regeneration.
“We’re thrilled to be providing the area with high quality residential property and the quick sale of the first phase demonstrates how valuable this investment opportunity is.”
He added: “The recent announcement of a national rise in private housing rental prices has sparked a surge in demand from investors and we’re committed to providing them with premium properties.”