The Residence at Colonial Chambers, LIVERPOOL, UNITED KINGDOM

Liverpool, Liverpool,United Kingdom


Hhh Partners Development Listings

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The Residence at Colonial Chambers, LIVERPOOL, UNITED KINGDOM

Description

KEY FEA­­­TURES OF THIS OPPORTUNITY

1.     Incredibly convenient location for a city-center lifestyle - work, rest & play, right on the doorstep

2.     A quiet street, but only moments from a dazzling array of bars, restaurants, cafes and nightclubs

3.     Conveniently close to the shopping, leisure and main commercial district of Liverpool

4.     High rental demand in the city-center from graduates, young professionals and postgrad students

5.     Quality development, but extremely affordable units starting from less than £70,000

6.     Fully inclusive rental contract offering 8% NET for 2-years, targeting open market rents of 8%+ thereafter

SHORT DESRIPTION

The Residence at Colonial Chambers is a peaceful sanctuary in a quiet street, right in the buzzing heart of Liverpool. It is located between the commercial and shopping district, giving easy access to the best amenities in the area including many new restaurants, popular bars, cultural hotspots, famous buildings, shopping, and cultural attractions.

The development consists of 94 modern, high-quality studio apartments, which cater to the rising population of graduates, young professionals and postgrad students who increasingly demand affordable, high quality accommodation in convenient urban locations.

 

PRICE RANGE: 

Studio: £69,950 - £109,950; Furniture Pack: £2495 +VAT 

MORTGAGES: 

No mortgages, cash purchase only 

 
INFORMATION:

A Buzzing Location in the City Centre

-        A quiet courtyard, but only moments from the hubbub of Liverpool social life

-        Huge choice of trendy pubs, bars, nightclubs, comedy & live music

-        Top quality restaurants & cafes featuring UK & international cuisine

-        A short walk to the Liverpool One and City Centre shopping areas

-        500 meters from the historic waterfront, just off Dale Street / Water Street

Purpose-Built to Serve the Market

-        Designed to appeal to people wanting a culturally active, vibrant urban lifestyle

-        Ideal for graduates, professionals and postgrad students in the city centre

-        Added security of intercom entry system, monitored CCTV, and manned concierge

Affordable Luxury – Compact, Stylish & Comfortable

-        Building façade to be given a complete makeover as part of refurbishment.

-        Exclusive project with 94 studios and large studios of up to 48 square metres

-        Concept of “affordable luxury” – bright & stylish apartments for under £70,000

-        Ample living space - open plan kitchen & living rooms, comfortable bedroom & bathroom

-        Designed in white, beige & light tones, with polished oak flooring throughout

-        Handmade kitchen units, fully integrated appliances - microwave, fridge/freezer, hobs

-        White bathroom suites with large shower enclosures, vanity mirrors & LED mood lighting

-        Modern & tasteful furniture packs cost £2495+VAT, property ready to let fully furnished

All-Inclusive Initial 2-Year Rental Contract

-        7% NET rent assurance for 2 years, paid quarterly

-        Includes ground rent, service charge & management fees

A Rental Investment Well-Placed to Maximise Yield

-        8% NET rental yield on open market after 2-year initial rental contract

-        Based on current rents of £475 to £725 PCM and 5% annual growth in rental income

-        Rents increasing consistently by up to 10% in the most desirable parts of the city

-        Number of bars and restaurants increased by 17% in Liverpool over the last 12 months

-        Minimal risk of long void periods for properties in such a central, popular location

-        Buy, build, rent and hold for 10 years to earn forecasted annualised return of 10.9% PA

Part of a Citywide Rollout of The Residence Brand

-        Joint Venture between Craig Blackwell & William Developments:

Craig Blackwell has been responsible for building more than 300 units, developing over 500,000 square feet of industrial property, and delivering over 700 city apartments over the course of his career. His experience also consists of managing retail investment portfolios and selling to wealth management funds. Blackwell currently has multiple projects in development including 8 Water Street and 2 Moorfields, both also located in the city of Liverpool.

-        Developer office will be located at 8 Water Street just 300 meters away

-        The Residence brand to be rolled out to multiple sites across the city

A Secure & Reliable Purchase Process

-        £2500 reservation, 35% within 28 days, 15% after 6 months, balance on completion

-        12-month construction period means capital quickly starts earning a return

-        Deposit protection insurance covering up to 30% of purchase price

-        10-year defects insurance policy providing cover against issues with building structure