For Sale Q1 - 2019
Only 4 units available and are due for completion between the end of January and March this year in one of Liverpool’s most ambitious and striking residential developments, The Residence at 8 Water Street.
The development is perfectly suited for tenants looking to live in the city’s thriving business district whilst benefiting from close proximity to the historic waterfront, Liverpool One shopping centre, some of the city’s best bars and restaurants and most importantly, the city’s biggest multinational employers.
The development offers the best high-end accommodation in the area along with a fantastic location, thereby appealing to tenants who are looking for quality apartments.
Based on the city’s strong demand for private rented accommodation we anticipate extremely high demand from culturally-aware young professionals in the city centre.
The Residence at 8 Water Street consists of 96 individual residential units split into 1 bedroom and 2 bedroom apartments.
Why invest in Liverpool?
Liverpool is one of the UK’s fastest growing cities, with access to six million customers and an economy worth more than £149 billion. The local economy is also growing by an impressive 15% year-on-year due to an influx of new businesses and a thriving tourism economy.
Excellent Returns: The property market in the city has seen tremendous growth over the last few years, with buoyant buy-to-let returns averaging 7% fuelled by an increase in demand for private rented accommodation. The city boasts some excellent and fundamentally undervalued development opportunities, both in the city centre and outlying city regions.
Hub for Business: Over 28,000 skilled people are employed in the business services sector across Liverpool. The city is a hub for international trade boasting one of the most active ports in the UK. Liverpool also has a reputation as a world class centre for wealth management.
Record Inward Investment: Liverpool has a constant focus on inward investment. One of the main examples of this is the new Liverpool Waters £5.5 billion development project. This entails developing the city’s historic docklands area into a new commercial and residential district.
The development is situated on Liverpool’s historic Water Street in the heart of the commercial district. The area boasts some of the city’s finest architecture, the majority of which dates back to Liverpool’s prosperous mercantile past. As a result, the district
is the most picturesque part of the city and widely regarded as the most desirable place to live. Most prospective residents will be equally interested in the development’s proximity to key amenities.
The Residence at 8 Water Street is within walking distance of the city’s best bars and restaurants, cultural hotspots, shopping areas, tourist destinations and transport links.
£2,500 reservation fee
50% Due on exchange of contracts
50% Due on completion (Q1,2019)
Property type: Project Profile, Residential
Type of build: Conversion