Phil Neville, perhaps the lesser-known half of the Manchester United Neville brothers, is again trying to sell his luxury Beetham Tower. The property was on the market for £4 million back in 2013 but due to a lack of demand, and even after a £250,000 price cut, it was withdrawn. Fast forward four years and the property is back on the market for £3.5 million with estate agents expecting significant interest at this level. So, what happened back in 2013 and why are estate agents more confident this time round?
Withdrawn to rent
With a penthouse worth £3.5 million Phil Neville will receive little in the way of sympathy that his £4 million pound pricetag was not reach back in 2013. Apparently the property was withdrawn after a rental agreement was made with former Manchester United player Morgan Schneiderlin who paid a whopping £15,000 a month. This may seem on the high side but this is a penthouse which looks over Manchester city centre and is certainly prime property.
What should you expect for £3.5 million?
This is a four-bedroom apartment which is spread out across three separate floors of the Beetham Tower. The fact that the floors above house the penthouse owned by the building’s designer Ian Simpson says everything. The fact it is the 44th floor of the tower block is something of note for those who do not have a head for heights!
While you would not expect a garden on the 44th floor of a tower block there are three open terraces looking out across the city. The penthouse also has three double bedrooms, a private cinema room, office and the walk-in wardrobe. The 45th floor takes in a large open plan living area, modern kitchen diner and a spacious living room – perfect for entertaining. The master suite takes up the majority of the 46th floor which comes with its own ensuite bathroom together with his and hers showers and walk-in wardrobes. One eye-catching element of the penthouse is the chandelier which drops between the three floors complementing the central staircase.
There are five parking spaces with this property, as well as his and hers dressing rooms and an office for business affairs.
Manchester is one of the more busy local hubs around the UK offering an array of different business sectors including retail and finance. The constant redevelopment of the city centre and surrounding areas has brought in a massive amount of investment as well as new visitors to the region. The potential for the local economy and the local property market is excellent although properties such as that currently being sold by Phil Neville are few and far between.
Phil also owns the property in nearby Hale which is one of the more luxurious areas of Cheshire. This property is on the market but at the moment it is being rented out to create a lucrative income stream. While Phil Neville is not afraid to spend money on property, his history is chequered to say the least. Initially he struggled to sell the family’s former Rossendale home eventually been forced to reduce the price from £4 million down to £3.5 million after a year on the market. Lets hope he has more luck with his penthouse!