Belfast – Investment offer
Belfast has seen a massive change over the last ten years, enjoying the benefits of the peace dividend and a re-energised economic and social framework. Economic expansion in Northern Ireland has been widely forecast for the next few years, with EY Economic Eye (June 2019) reporting growth of 1.6% p.a.
Fergal DeFraine, partner and head of FDI at EY Ireland, said “Northern Ireland should remain relatively resilient in its ability to attract FDI this year despite Covid 19, what we see is strong focus on value added services and around 80% are in Digital, Financial, Commercial and Media. My interpretation is that large corporations will continue the need to make investments which puts Northern Ireland in a strong position.”
Mark Burns, M.D. UK Property investment firm Hopwood House said “In Belfast there is a clear need for high quality rental accommodation for students, young adults, international visitors and other lifestyle renters. This situation presents a clear opportunity for investors from all parts of the UK.”
A severe lack of new city centre residential apartments for the young professionals moving into these jobs, represents a real opportunity for investors to get ahead of the curve in this marketplace with Portland 88.
This development caters for city centre living as envisaged by Belfast City Council’s Belfast Agenda, which aims to see 70,000 more people living in Belfast by 2035.
Belfast Housing Market Review
Belfast is one of the top UK cities for Buy to Let investment in residential property – but don’t take our word for it, download our Review to see what the independent experts say.
According to new figures from the Universities and Colleges Admissions Service (UCAS), there has been a 16% rise in the number of students from outside the EU beginning undergraduate degrees in the last year, bringing the number of total students between Queen’s University Belfast and Ulster University to 52,000. In June 2019, the Department for the Economy has announced that EU students starting university in Northern Ireland in 2020 will pay the same tuition fees as local students.
The biggest development projects in decades in Northern Ireland are the £500m revamp of Queen’s University (ranked 174 in the world) and the recent move to its new city centre location of Ulster University’s campus at £400m. Ulster University is also ranked in the World’s top 20%.
Many of these international students come to Belfast looking for more upmarket and high-end rental properties of which Belfast is currently short. Portland 88 provides an excellent solution, with some apartments already having been purchased by students or their parents.
Package Deals on Apartments
Typical 2 Bedroom Apartment in Portland 88
Typical Apartment Price £207,468
Typical Gross Rent* £12,600
Typical Gross Rental Yield 6.07%
DEAL FOR 5 APARTMENTS:
5 Apartments £203,000 x5 = £1,015,000
Typical Gross Rent* £12,600 x5 = £63,000
Typical Gross Rental Yield 6.21%
DEAL FOR 10 APARTMENTS:
10 Apartments £200,000 x10 = £2,000,000
Typical Gross Rent* £12,600 x10 = £126,000
Typical Gross Rental Yield 6.30%
DEAL FOR 20 APARTMENTS:
20 Apartments £197,000 x20 = £3,940,000
Typical Gross Rent* £12,600 x20 = £252,000
Typical Gross Rental Yield 6.40%
As one of the first luxury apartment developments to be delivered in the centre of Belfast in the last decade, Portland 88 encapsulates the returning confidence in the city, situated in a prime location with key community facilities and amenities within a short walking distance. Apartments are specified to a high level and come complete with all kitchen appliances, carpets, flooring, washer/dryers, utility rooms, luxury bathrooms and en-suites and are ready to be let unfurnished. The entrance lobby has been carefully and tastefully designed to create a welcoming boutique hotel feel and is manned by a concierge. There are parking spaces available within the two storey garage contained within the building.
a trouble-free investment to protect your yields:
New building with 8 years remaining structural warranty
Built by Graham Construction – top 10 UK building company
Excellent local Management company
Strong maintenance schedule
High spec new appliances – no complaints from residents
Concierge operating in luxurious, hotel-style lobby
Electronic parcel collection/delivery service for residents
Other rental stock in Belfast often poor quality and low specification
Lack of competition from other new developments
HIGH SPECIFICATION TURNKEY FINISHED APARTMENTS
Innovative design combined with meticulous attention to detail has set a new standard of opulence for contemporary Belfast living. All apartments come complete with carpets, flooring, fitted wardrobes and white goods. Locally sourced furniture packages available is required. To rent the only addition required is furniture…
Get in Touch
If you have a query, please complete the form and a member of our team will be back in touch shortly.
1 Portland View,
Phone: 0117 929 3999
BDV Atlantic are not an investment company but a developer, and are not offering any investment or financial advice and are not regulated by the Financial Conduct Authority. Prior to making an investment decision, prospective investors should consider whether an investment is suitable for them in light of their circumstances, tax position and the financial resources available to them, and should consult a professional financial advisor to make sure this is the correct choice for them. Please click ‘Confirm’ to indicate you have read and understood this statement to proceed.