Fortis Developments has launched the final phase of its £75m Salford residential scheme, Adelphi Wharf, to the buy-to-let market, after selling out the first two tranches of 370 flats with more than 18 months until completion.
Based on Adelphi Street on the bank of the River Irwell, the first phase of 206 flats has sold out in the development, and one of the second phase’s 163 units remains available. The final phase is made up of 224 apartments.
The blocks are being sold by Knight Knox, while Fortis Developments is the developer, in association with Elite City Living. The scheme will be let by Fortis Lettings & Management and block managed by Fortis Estate Management.
Andy Phillips, commercial director at Knight Knox, said: “Investment activity is booming across the North West at the moment, particularly around the Salford area, and the city’s regeneration shows no sign of slowing down this year.
“Adelphi Wharf not only offers a particularly good opportunity for investors looking to reap high yields, but will also provide luxury housing to the influx of people moving to Salford as the Northern Powerhouse continues to thrive.”
Completion is due at the beginning of 2018.