Unlike many city-centre developments, owners have the ability to operate either traditional Assured Shorthold Tenancies (AST) or Short-Term Lets (STL).
This rare lease flexibility allows investors to tailor their strategy to market conditions while potentially enhancing overall returns. Most Manchester city-centre leases prohibit short-term letting outright; at Islington Parkside the choice is yours, and you can change approach as the market changes.
Strategy A
Assured Shorthold Tenancy
Let to a professional tenant on a standard 6 or 12-month AST. Predictable income, lower management overhead and strong underlying demand from Manchester's growing professional population.
Strategy B
Short-Term Let
Operate as serviced accommodation for business travellers, visitors and event-goers. Higher gross income potential in exchange for higher operating costs and more active management.
Rental figures, projected yields and management options for each strategy are set out in the investor pack. Returns are not guaranteed and depend on occupancy, rents and costs.