Vita Living

Vita Living – Manchester’s Prime Ready-to-Rent Asset with 98% Occupancy

Vita Living Circle Square is a completed, income-producing residential investment in the heart of Manchester’s city centre. This 15-storey landmark development is part of the £750m Circle Square masterplan on Oxford Road, Manchester’s prominent innovation district. 

Vita Living comprises 266 fully furnished luxury apartments – ranging from spacious studios to one, two, and three-bedroom units – which until now were held by institutional investors. For the first time, individual investors have the chance to buy into this operational asset, which has consistently achieved 98% occupancy since opening and offers robust rental yields of 6.5%–7%. 

Jointly developed by renowned developer Vita Group (part of Select Property Group) and the Greater Manchester Pension Fund, Vita Living was designed to meet the huge demand from young professionals and postgraduate students in Manchester. The location is unbeatable: situated on Oxford Road, it’s adjacent to the University of Manchester and Manchester Metropolitan University campuses, and a short walk to Manchester’s top hospitals and corporate offices – essentially in the middle of one of Europe’s highest-density academic and tech clusters. 

Oxford Road Station is a 2-minute walk, and Manchester Piccadilly main station is a 12-minute walk, giving residents easy commutes (London is just ~2 hours by train).

As an investment, Vita Living Circle Square is turn-key. All apartments are delivered fully furnished and professionally managed by Vita, ensuring a hassle-free experience for owners and attractive modern homes for tenants. 

The development boasts an outstanding amenity package:  Residents have access to three panoramic rooftop terraces with skyline views, multiple private dining rooms for events, stylish co-working lounges with communal desks, private work pods and meeting booths (perfect for the many remote workers in tech/academia), and a 24-hour gym equipped with state-of-the-art equipment. On the ground floor and surrounding plaza, there’s an array of independent cafes, eateries, and shops, fostering a vibrant community atmosphere day and night. Vita Living’s on-site management team provides concierge services, maintenance, and security around the clock, ensuring the building is kept at a premium standard – this is reflected in resident satisfaction and the high retention of tenants.

For investors, Vita Living offers something rare: immediate rental income from a proven, stabilised asset in one of the UK’s fastest-growing cities. Manchester’s property market continues to flourish, with forecasts of roughly 25–30% price growth over the next 5 years (outpacing most of the UK) and rental growth exceeding 20% in five years, thanks to a booming population and economy. 

Here, you are buying into an asset with an existing track record – the rental yields of 6.5–7% are being achieved today, not just projected, and backed by a fully occupied building with waiting lists. Moreover, the investment entry is highly accessible: an incredible payment plan allows you to secure a unit with just a 10% deposit now and nothing further to pay until August 2026. 

This means investors can lock in a unit and benefit from two years of potential capital appreciation and rental accrual (if you complete early) with minimal capital outlay. By August 2026, when the remaining 90% is due (which can be financed via a mortgage or cash), the property value may have risen, and the strong rental income can help support mortgage payments. 

The combination of a low initial deposit, immediate cash flow potential, and Manchester’s growth makes the risk-reward profile of Vita Living very attractive. In summary, Vita Living Circle Square is Manchester’s prime ready-to-rent investment opportunity – a fully operational, highly popular rental property in an unbeatable location. It offers investors a hands-off, high-yield asset with the upside of capital growth in the coming years. Opportunities like this are seldom available to private investors, so act quickly.

Key Details at a Glance:

• Location: Circle Square, Oxford Road, Manchester – A £850 million master-planned neighbourhood in the city centre, situated along the Oxford Road Corridor (Manchester’s innovation district). Vita Living is at the heart of this district, literally next door to University buildings and major employers (the Tech Hub, NHS Trust, etc.). It’s a 2-minute walk to Oxford Road train station and a 10-15-minute walk to anywhere in central Manchester, from shopping at Market Street to entertainment venues.

• Status: Completed & Tenanted – The development was completed circa 2021 and has been operational for ~4 years with occupancy at ~98% consistently. Investors are buying an existing asset (not off-plan), which means rental income can start as soon as the purchase is completed.

• Developer/Operator: Vita Group (in partnership with Greater Manchester Pension Fund) – Vita is a top-tier developer-operator specialising in upscale rental communities (known for Vita Student brand, etc.). Their expertise ensures a high-quality build and ongoing professional management. The involvement of GMPF (a £29.5bn fund) underlines the institutional grade of this asset.

• Apartments: 266 units – a mix of studios, 1-bed, 2-bed, and 3-bed apartments. All units come fully furnished to a high standard and are designed to maximise space and functionality for city living. Because the building was initially designed for long-term rental operation, everything from appliances to furniture is durable and premium. Investors can literally take ownership and have a tenant move in the same day without any additional setup.

• Amenities: Exceptional amenities & community features: Three rooftop terraces with garden spaces and city views, multiple residents’ lounges and private dining rooms for social events, a 24/7 fitness centre (gym and yoga studio), co-working spaces with private booths, high-speed Wi-Fi throughout, and an active ground-floor with independent coffee shops, restaurants, and retail. Additionally, the property offers hotel-style services including housekeeping options, on-site maintenance, parcel delivery management, and 24-hour security/concierge. This amenity set not only drives strong rental demand but also justifies premium rents and minimises vacancy.

• Pricing: Starting from £418,000 for available units (guide price for a furnished studio/1-bed). Larger two-bedroom units are higher. Prices reflect the prime location and turnkey nature of the investment. However, investing from £41,800 (10% deposit) due now can secure a unit, with no further payments until 2026. This staged payment lowers the upfront barrier considerably.

• Financials: 10% deposit now, 90% on August 2026 completion – an extraordinary finance-friendly structure. During this period, the asset continues to generate rental income. (In some cases, investor purchasers may arrange to receive rental returns from the exchange; details can be discussed.) Net rental yields are currently 6.5  to 7% based on achieved rents. On leverage, assuming a 75% LTV mortgage in 2026, investors can expect strong cash-on-cash returns; additionally, Manchester’s forecasted ~29% price growth by 2029 means significant equity upside. Leasehold 250 years (typical in Manchester) with a nominal ground rent (peppercorn, effectively £0) and service charges in line with the amenity provision (details available on request). Standard purchase costs apply (stamp duty ~5% as this is an immediately completed transaction, though professional advice is recommended).

• Market Outlook: Manchester is frequently cited as the UK’s #1 city for property investment, and for good reason. It has a young, expanding population and is a major hub for media, tech, finance, and education. Property prices in Manchester have risen ~9% year-on-year recently and are projected to grow ~22%+ over the next 5 years. Rental demand is off the charts – the city has a chronic undersupply of quality rental accommodation, evidenced by Vita Living’s 98% occupancy and waiting list of prospective tenants. With interest rates stabilising and continued northshoring of jobs to Manchester, the outlook for both capital values and rental rates remains very strong. By investing in Vita Living, you position yourself to capitalise on Manchester’s growth with a secure, income-generating asset from day one.

This is a rare chance to invest in a stabilised, high-yield Manchester asset without the usual upfront capital requirements. Contact Magnate Assets for more information on available units, rental histories, and to discuss how Vita Living Circle Square can fit into your investment strategy. Secure your unit now with just 10% down and become part of Manchester’s most dynamic new neighbourhood – reap the rental income and growth for years to come!