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Tenax Group Ltd · Salford, Manchester
Investments: +44 (0)161 000 0000
Islington Parkside interior
Tenax/Invest

Invest with Tenax.

Direct off-plan opportunities, with the developer building it. No reseller mark-up, no broker chain.

Invest · 01

Why buy from the developer.

Most off-plan property in Manchester is sold through layers of agents and resellers, each adding margin and distance between you and the people actually building your apartment. Tenax sells its own developments directly.

That means developer pricing, straight answers on programme and specification from the team on site, and one point of accountability from the day you reserve to the day you collect the keys — and beyond, if you'd like help letting the apartment.

Developer pricing

You pay what the developer is selling for — not a reseller's price with commission built in.

One accountable team

Land, planning, design, construction and handover are all in-house. The people you speak to are the people delivering it.

Progress you can see

Fortnightly drone footage, milestone photography and site updates from every development.

A completed reference

Quayside Residence is finished, let and available to view — so you can see the standard before you commit.

How buying off-plan works

Five steps, clearly staged.

Buying off-plan means buying before the building is finished — at today's price, with most of the money not due until completion.

01

Enquire

Tell us what you're looking for. We send the investor pack — price list, availability, floorplans, specification — and call you back within one working day.

02

Reserve

£5,000

Choose your apartment and pay the reservation fee. It comes off the market and the legal process begins.

03

Exchange

20%

Your solicitor reviews the contract and lease. On exchange you pay 20% of the price, less the reservation fee already paid.

04

Build

We build. You receive progress updates from site. Mortgage applications for the completion balance are typically made in the final months.

05

Complete

80%

On practical completion the balance is paid, keys are handed over and — if you choose — your letting strategy goes live.

Example · Islington Parkside one-bed
£47,000

Total paid before completion on a £235,000 apartment: £5,000 reservation plus £42,000 on exchange. The remaining £188,000 is due on completion.

Legal

Your own solicitor

You appoint an independent solicitor to act for you. We can introduce firms experienced in off-plan purchases.

Funding

Cash or mortgage

The completion balance can be funded with cash or a mortgage. Buy-to-let and expat lenders are used to off-plan completions; speak to the team about introductions.

Opportunities

Where to invest now.

Illustrative view of Salford regeneration
The market

Why Manchester.

Greater Manchester has firmly established itself as the UK's leading regional economy — a population approaching three million, world-class universities, expanding employment sectors and billions of pounds of ongoing investment.

As regeneration spreads west from Manchester city centre into Salford, developments such as Islington Parkside are ideally positioned to benefit from the next phase of the city's evolution.

Read the full case for Manchester
Investor FAQs

Questions we're asked most.

What does "off-plan" mean?

Buying off-plan means exchanging contracts on an apartment before the building is complete, at a price fixed today. You pay a reservation fee and an exchange deposit up front, and the balance when the building is finished and the apartment is ready to hand over.

How much do I need to get started?

At Islington Parkside, less than £50,000 for a one-bedroom apartment: a £5,000 reservation fee and a 20% exchange deposit (less the reservation). On a £235,000 apartment that's £5,000 to reserve and £42,000 on exchange. The remaining 80% is payable on completion.

Can I get a mortgage on an off-plan purchase?

Yes. Most buyers fund the completion balance with a buy-to-let or residential mortgage, applied for in the months before completion. Lenders' offers are typically valid for a fixed period, so timing is coordinated with the build programme. Cash purchases are also welcome. Tenax does not give mortgage advice; we can introduce brokers who specialise in off-plan and overseas buyers.

Can I let the apartment as a short-term let / serviced apartment?

At Islington Parkside, yes — the lease permits both assured shorthold tenancies (AST) and short-term let (STL) operation, which is exceptionally rare in central Manchester. Terms for other Tenax developments are confirmed in each scheme's legal pack.

Who manages the apartment once it's let?

That's your choice. You can self-manage, appoint your own agent, or ask Tenax to introduce lettings and management partners for either an AST or a short-term let strategy. Details are in the investor pack.

Is the tenure leasehold or freehold?

Apartments in the UK are sold on long leases. The lease length, ground rent (if any) and service charge for each development are set out in the legal pack your solicitor receives on reservation.

What happens if the build runs late?

Your contract sets out a long-stop completion date and what happens if it's missed. Tenax delivers its own schemes with its own team, and publishes progress from every site so you can see how the programme is tracking.

Can I buy from overseas?

Yes. Many Tenax buyers are based outside the UK. The process is the same; your solicitor can act for you remotely and identity checks are completed digitally. Tax treatment differs by residency — take independent advice.

Are there any other costs?

Budget for your own legal fees, Stamp Duty Land Tax (which depends on your circumstances and whether this is an additional property), and, once complete, service charge, any ground rent and buildings insurance contribution. None of these are included in the purchase price.

Is this financial advice?

No. Nothing on this site is financial, legal or tax advice. Property values and rents can fall as well as rise, and returns are not guaranteed. Please take independent professional advice before committing to any purchase.

Request the investor pack.

Price list, availability schedule, floorplans, specification and lease summary — sent within one working day.