Adelphi Wharf Phase I reaches milestone

Phase I of the £75M Salford development sold out.

A multi-million pound luxury residential development in Salford is making rapid progress with the news that Phase I of this development is already sold out.

Adelphi Wharf will be home to 593 apartments and townhouses and, being based on Adelphi Street, it is close to Manchester city centre.

Planning approval was only given to the £75M development in May and just a few months later, Adelphi Wharf’s success has been confirmed by Knight Knox – a leading provider of buy-to-let developments to the private investor market – with the announcement of the Phase I sale.

Situated on the bank of the River Irwell, Adelphi Wharf will be completed in three phases, with the first expected to be completed in the first half of 2017.

Phase I will consist of 206 apartments and townhouses and the plans have left Knight Knox ‘thrilled’ according to the Company’s Commercial Director, Andy Phillips.

He 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. 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.”

The Adelphi Wharf scheme will also include a gymnasium on site, a concierge reception area, bike storage that is secured and residents will be able to experience the beauty of landscaped gardens.

Secure car parking will also be available on site.

Once completed, Adelphi Wharf will be let and block managed by Fortis Lettings and Management.

Fortis Developments is developing the scheme and Kieran Moore, Director at Fortis, added: “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 waterfront.

“A riverside walkway will be created to offer access to the waterfront, allowing residents to enjoy Salford’s surroundings with ease. Adelphi Wharf is an exciting project so it’s no surprise that the first phase has proven so popular.”

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