One example of its financial might: The $28 million profit he made from it last year dwarfed his official salary as prince, just over $1.1 million. The Duchy of Cornwall was established in the 14th century as a way to generate income for the heir to the throne and has essentially funded Charles’s private and official expenses. (A duchy is a territory traditionally governed by a duke or duchess.) The 130,000-acre real estate portfolio is nearly the size of Chicago and generates millions of dollars a year in rental income. Today, the Duchy of Cornwall owns the landmark cricket ground known as The Oval, lush farmland in the south of England, seaside vacation rentals, office space in London and a suburban supermarket depot.
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Over the past decade, he has assembled a large team of professional managers who increased his portfolio’s value and profits by about 50 percent. While his mother, Queen Elizabeth II, largely delegated responsibility for her portfolio, Charles was far more deeply involved in developing the private estate known as the Duchy of Cornwall. Deansgate in particular is very appealing due to its convenient location near to universities whilst being home to plenty of bars, restaurants and shops.LONDON - King Charles III built his own empire long before he inherited his mother’s.Ĭharles, who formally acceded to the British throne on Saturday, spent half a century turning his royal estate into a billion-dollar portfolio and one of the most lucrative moneymakers in the royal family business. Manchester has excellent job opportunities, exciting nightlife and a unique culture which also helps to attract students to the area. This cemented demand for student property leads to great prospects for investors who are able to take advantage of low prices now, only to see them rise in future years as demand continues to rise. Student investments in particular are especially lucrative due to Manchester's large population of students, totalling over 96,000.Ī large proportion of these are international students, seeking a luxury rental apartment to live in whilst studying. It has competitive pricing, high rental returns and promising capital growth ahead. Manchester ticks all the boxes you need for property investment. Hot Deansgate Location Near Train Station
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To Receive Free Floor Plans, Virtual Tour or Availability, Call or Register below for an Info Pack It's only a 4 minute drive or 20 minute walk to The University of Manchester and 12 minute walk to Manchester Metropolitan University. The apartments offer great views over the city, especially from the top floor with views stretching across to Salford Quays and Trafford. There are also a number of communal facilities on site to provide a social atmosphere for students.
Offering 6% rental returns in such a prime city centre area as Deansgate makes this one of the hottest properties on the market right now.Įvery studio is designed specifically for students, including undergraduates and postgraduates studying for Masters and PHDs.
Right next to Deansgate's train and tram stations is a new build investment opportunity with student studio apartments from £177,995. For Investment Purposes Only - 50% Deposit Required
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