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1 bedroom apartment for sale

Reliance House, Water Street, Liverpool City Centre, L2

Reserved £119,950

Property Description

Key features

  • Investment Opportunity
  • Iconic Building
  • 100 Apartment Development
  • Mix of 1 and 2 bedroom units
  • Prices from 119,950
  • Impressive Architecture
  • High Ceilings & Sash Windows
  • Unbeatable City Centre Location
  • Expected NET returns of circa 6-7%
  • Scheduled Completion Q4 2017

Full description

Tenure: Leasehold

Century 21 Liverpool is delighted to offer Reliance House - a luxury apartment conversion from a former commercial property in the heart of Liverpool City Centre. With an elegant facade and views over Water St, and St Peter's Church this is an iconic building with Edwardian style Portland stone. The development comprises of 100 apartments (73 x One Bedroom, and 27 x Two Bedroom), with tall ceilings and large sash windows meaning the units are bright and stylish. For the investor, the property is expected to yield at least 7% gross (6% NET) and like most off plan purchases, we would expect a 5-10% rise in price upon completion.

Why Invest / Purchase in Liverpool?...
"Liverpool 2nd best city in the UK for rental yields” This Is Money, 2015

Liverpool has excellent transport links, whether regional, national or international. In addition, Network Rail and the Liverpool City Region have agreed to partner up and invest a further £340million to make serious improvements to the regional infrastructure. Flights from Liverpool John Lennon Airport offer an easy route to worldwide destinations.

Liverpool is also just a short journey from Manchester Airport, which benefits from direct flights as far as China. Property prices in Liverpool increased by 5% over 2015, which equates to a 6% rise over 2007 pre-financial crash prices.

Due to local investment and Government backing, Liverpool is seen as the ‘Northern Powerhouse’ with continuing strength in the local investment and residential markets.

Investment summary:
- 100 Apartments
- 83 x One Bedroom from £119,500
- 27 x Two Bedroom from £159,950
- High Ceilings
- Large Sash Windows
- Views over Water St or St Peter’s Church available
- Impressive Architecture
- Portland Stone Façade
- Excellent L2 postcode location
- Booming Liverpool Investment & Rental Market
- Unbeatable city centre location
- Close to regional and national transport links
- Expected NET returns of circa 6-7%
- Scheduled completion is Q4 2017
- Fully let and managed by an experienced letting agent (if required)
- Buy for investment or personal use

Viewing available upon request but please note this is an off plan / conversion purchase.

Purchase Process:
1 .Reserve with a £2,500 Reservation Fee
2. Pay 15% upon exchange (30 days later)
3. Pay 35% Feb/Mar 2017
4. Pay 50% on Completion (scheduled Q4 2017)

Listing History

Added on Rightmove:
11 November 2016

Map & Street View

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