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Studio flat for sale

Parker Street, Liverpool

Sold STC £82,500

Property Description

Key features

  • 8% NET Yield
  • City Centre Location
  • Iconic Building
  • 5 Year Rent Guarantee
  • Investment Property
  • Residential Investment

Full description

INVESTORS 8% YIELD Century 21 Liverpool is delighted to offer to the market an exciting development project in the heart of the city centre. Parker Street in L1 is ideally located for all Liverpool City Centre has to offer. Shops, restaurants, bars, and Lime St Station are only minutes walk away. Ideal investment opportunity with guaranteed yields.

With a supply shortage of residential property in the city centre of Liverpool we expect these off plan studio and 1 bedroom apartments to sell quickly. They are priced very well and with the shortage we expect plenty of opportunity for capital growth. In the past year, the average 1 bed has seen a price increase of 8.81% and the 2 beds of 3.96%. Liverpool has also run out of letting stock for the 6th consecutive year!

The remaining units available are on the 6th and 7th (top) floors and are priced between £82,500. These are fantiastic atrium style units (see photos) where a light-well runs through the centre of the development allowing natural light and air. Please contact us for the latest availability and a brochure.

Summary:
- Liverpool City Centre location - in the heart of the City Shopping area
- 2 minute walk to Liverpool Lime Street station
- Optional 5 year rental guarantee of Net 8%
- Offered Fully Managed (if required)
- Huge demand for city centre rental property
- Refurbishment of former ballroom (which hosted the wedding reception of John Lennon)
- Over 97% Sold Out!
- Completion scheduled for 2nd quarter of 2017.

Please note; the development is residential accommodation, not a Student type pod and investors / owners will own the residential title and are able to sell the unit on the established secondary UK property market at any time.

This development will see the landmark former Reeceandrsquo;s Ballroom in Liverpool, which hosted the wedding reception of John Lennon and his first wife, Cynthia, in 1962, brought back to life for buyers of this development.

This property will appeal to the local market of expanding young professionals as well as wealthy, international and local investors. It will also appeal to mature students that want exclusive residential living as opposed to student accommodation.

The development is located less than 5 minutesandrsquo; walk from Liverpool One and Lime Street Station and the upper floors will be transformed into a collection of luxurious studio suites and 1 bedroom apartments, some with panoramic skyline views.

PAYMENT PLAN:



£2000 Reservation Fee secures the unit
50% on Exchange 30 days later
50% on Completion (2nd quarter 2017)


Listing History

Added on Rightmove:
28 September 2016

Map & Street View

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