Feb 18, 2016

[Prop] Oxygen Picadilly Manchester

Project Name
Developer Name
 Property Alliance Ground Ltd.
 Junction of Store Street and Ancoats, Piccadilly, Manchester UK
Tenure of Land
  125 years leasehold (extendable perpetually)
Expected Date of Completion (T.O.P.)
 Q1 2018
Site area
Total No. of Units
 Total 351 units in 3 blocks of 8-storey, 14-storey, 31-storey Residential Tower:- 343 Apartment- 8 Townhouses
 Car Park Lots
 115 Car Parking Spaces, 175 Cycle Parking

Apartments occupy the upper floors of the building over the podium. The building is broken down into three distinct blocks by the visible and animated lift and stair cores, each affording natural daylight into common areas. The split blocks provide a large amount of dual aspect apartments with unique city wide views. The scale of the building rising towards Great Ancoats Street provides a key focal point at this key city fringe site.Two basement levels addressing the level changes across the site provide parking and stores for residents.
The podium level sits above the townhouses and is set back from the building footprint physically separating the plinth of the building from the residential apartments above. The Podium level provides both internal and external amenity space for residents, going beyond the individual living space creating a new benchmark in urban living.
The base of the building reflects a human scale. Townhouses wrap around the site responding to the scale of Piccadilly Village and providing street activity and attractive frontage across the site. The upper floor apartment entrances and a generous reception face onto Store Street at the centre of the building increasing the pedestrian activity on this frontage. A commercial unit is located on the Great Ancoats Street end of the building where it will benefit from a highly visible location, and a small retail kiosk, ideal for coffee shop or florist, at the opposite end of the building on Store Street further activating the streetscape with pedestrian activity.

Oxygen Tower Manchester - Iconic, Tallest Residential Tower in Manchester City
Located within a highly accessible location in close proximity to Manchester Piccadilly Station,
the Northern Quarter and the main commercial core of the city centre,
Oxygen Tower Manchester is an iconic 31 storey residential tower and a landmark for a world-class city. Comprising 343 stylish apartments, 8 townhouses, leisure and amenity facilities and sky gardens, Oxygen Tower will be a beacon on Manchester's skyline.
Opportunities to invest in such a high profile scheme in the city centre of Manchester, UK's second city are few and far between. Oxygen Tower Manchester represents a market-leading product for luxury living in the city centre.

The UK's biggest urban conurbation outside of London, Manchester is rich in heritage with an established economy, multi-modal transport network including the UK's largest regional airport, with daily flights to global destinations.
Manchester is also known for its two world-class football clubs, Manchester United and Manchester City. There is a widely recognised cultural and lifestyle scene, hosting the bi-annual International Arts Festival (MIF), the Conservative and Labour Party Conferences at the Manchester Central. The city is also home to the second largest China Town in the UK.
Manchester is identified by overseas investors as a source of opportunity with major strategic developments backed by investors from around the globe.

Why Manchester, UK?
  • Manchester Airport provides flights to over 200 destinations, more than any other airport in UK
  • HSBC named Manchester UK #1 Buy-To-Let Hotspot
  • Manchester is the 2nd largest economy beside London
  • Second largest Chinatown in the UK
  • Home to 80 of the FTSE 100 (top 100 companies listed on UK Stock Exchange)
  • Manchester is the “Best UK City to Live” according to the Economist 2013
  • Famous for 2 world-class football clubs Manchester United & Manchester City
  • Largest student population in Europe with over 400,000 students in 22 Universities
  • Shortage in Housing supply

Oxygen Towers Specification 
  • Structure to be concrete frame with concrete floors.
  • Concrete lift and stair cores.
  • Aluminum window frames.
  • Curtain walling to entrance.
  • Metal cladding system.
  • Immediately portraying the contemporary nature of the Oxygen architecture.
  • Large porcelain format floor tiles from Europe’s leading tile design houses.
  • Wall featuring plaster details and timber trims.
  • Recessed anti-glare LED recessed lighting with illuminated shadow gap details and feature illuminated centrepiece.
  • Communal areas and lift lobbies.
  • Spacious Lift lobbies functional and practical continuing the theme of the entrance design features.
  • Apartments from a range of 1, 2 and 3 bedroom choices with a variety of en-suite and family bathroom configurations, all with co-ordinated ambience depicting a modern lifestyle. Open plan galley kitchen/living room and en-suite bedrooms.

Kitchen furniture from leading European manufacturers featuring a wealth of designer details, developed over years of research, and speciality laminates from gloss to textured and wood veneered laminates. Featuring the latest in sinks and monobloc taps. The purchasers will be allowed to choose from a pallet of different colours for the kitchen doors to meet their own design requirements.

High End Fittings with kitchen cabinet complete with a cooker hob & hood, fridge-freezer, dishwasher, combined washing machine/ tumble dryer, lights and rediator heaters.

Quality brands include Bosch, Smeg, Miele, LG, Panasonic, Samsung, Villeroy, Boch, Grohe & Siemens

Appliances from a co-ordinated range of leading quality suppliers to include combination oven, hob by Neff or similar fridge freezer, re-cycle bin, all integrated into a stylish and easy to clean fitted kitchen, which seamlessly blends into the adjacent living area with full height windows and plenty of room for modern furniture arrangement.

The doors of veneered solid core variety will feature matching architraves and skirting boards, finished off with satin stainless steel ironmongery.

The bathrooms will be designed using the latest designer ranges of sanitary ware and brassware by Grohe or similar from leading continental manufacturers enforcing the quality and style of the interiors with co-ordinating porcelain wall and floor tiles, allowing ease of use and clinical efficiency.

The interior ambience will embrace a variance of design, colours and arrangements to suit all tastes and lifestyle aspirations.

The interior design has been carefully considered to flow through the internal finishes to provide a complete environment and a feeling of contemporary clean finishes whilst also being welcoming and homely.

The flooring throughout the apartments will flow through from the entrance hall with ceramic tiles or engineered veneered floorboards to allow for the owners personal taste in carpets to the porcelain tile kitchen area floor providing the practicalities and visual appeal.

The ceilings will feature anti-glare LED lighting with parts in strategic places for their own choice of pendants and fittings to create their own mood and ambience.

Wall finishes will feature crisp plastered surfaces painted with white vinyl matt emulsion as blank canvas ready for the owners own colour preference or as a final finish.

Floor Plan:

Sales Procedure

1. Booking forms, passport and S$5K cheque to Huttons Internation Pte. Ltd.
2. Remit  £2 K to developer’s solicitor account within 3 working days. (S$5K cheque returned upon proof of transfer £2K to UK)
3. Remit 20% (less booking fee £2 K) payment to purchaser’s solicitor upon Exchange of contract (expected Sept/ Oct 2015)
4. Balance 80% Payable upon completion.

What Other Cost Involved?
Stamp duty (Payable upon completion) = Varies based on Property value. Example, for Property £225,000, the stamp duty payable is £2000 only.
Legal Fee = Property value £250,000 – £500,000 = £750, or £650 if below £250,000
Service Fee = £4.00 psf per year
Ground rent = £325 per year
Appointed Letting & Mgmt Agents & Fee = JLL (Jones Lang LaSalle, Manchester) charge 10% of Rental

Typical Two Bedroom Purchase Payment Timeline
Illustration Purchase Price: £240,000

Booking Fee (Day 1), S$5,000 = about £2,500
Within 21 days, 20% Payment Less Booking Fee on Exchange of Contracts
Completion Anticipated 1Q 2018, Remaining 80% (Either via Cash or UK Bank Loan)

Typical Two Bedroom Investment Return (Per Annum)
Illustration Purchase Price: £240,000 (701 sqft)

Apartment Occupied Q1 2018
Anticipated Rental Income = £18,000  (7.50%)
Lettings Fee (inc VAT) = £1,800  (10% payable to JLL)
Estimated Service Charge (inc VAT) = £2,454  (@ £3.50 psf)
Net Rental Received = £13,747  (5.73%)
Annual Ground Rent = £325
Net Return on Investment = £13,422  (5.59%)

  • 10 minutes walk to Manchester Piccadilly Station
  • 12 minutes walk to The University of Manchester (North Campus)
  • 15 minutes walk to Piccadilly Garden Bus Interchange
  • 20 minutes walk to Arndale Shopping Centre & Manchester Town Hall
  • 20 minutes walk to Manchester Chinatown
  • 10 minutes drive to Spinningfields (Manchester's Central Business District)
  • 10 minutes drive to Central Manchester University Hospitals
  • 5 minutes drive to Eithad Stadium & Sportcity (Home of Manchester City Football Club)
  • 15 minutes drive to Old Trafford Stadium (Home of Manchester United Football Club)
  • 15 minutes drive to MediaCity UK
  • 20 minutes drive to Trafford Shopping Centre
  5 Minutes Bus to Picadilly Bus Station:

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