Studio Apartment, 606 Sixth Floor, Fabric District Residence

£85,950

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Property description:

Generate 8% NET yields p.a. in years 1-3 from a buy-to-let property investment opportunity within the Fabric District Residence in Liverpool. A brand new key-ready apartment, due for completion in Q1 2019.
Highlights
Property details
Financials
Location

Fabric District Residence, Liverpool
Investment Highlights

  • Large studio and micro apartments
  • 8% NET rental return for 3 years
  • Located in the Fabric District of Liverpool
  • Experienced Developer
  • 250 year leasehold
  • Construction commenced Q4 2017
  • Completion due Q1 2019
  • Supported by Regeneration Liverpool
  • Simple, structured purchase process
  • £350 ground rent p.a.
  • Reserve for £5,000

Studio Apartment, 606

This listing is to purchase a 25m2 studio apartment on the sixth floor of the brand new Fabric District Residence in Liverpool.

The property is currently in construction with a completion date of Q1 2019. Once complete, it will generate 8% NET yields in years 1 - 3 and presents an affordable property investment in the UK's Northern Powerhouse.

The property features an open plan living/kitchen area, one bedroom space and one shower room. It is sold fully furnished and completely 'key-ready' ensuring investors need to do nothing to generate their returns.

Fabric District Residence is the latest residential development in the heart of Liverpool's regeneration zone which will benefit from the £1bn being invested into the area.

Fabric District Residence will consist of 208 fully managed studio apartments, spread over 9 floors, to cater for the increasing demand for high quality residential property in Liverpool.

All apartments in the development will be finished and furnished to the highest standards and will offer investors a 'turn key' buy to let property.

Fabric District Residence will offer residents the best of city living at an affordable price, whilst giving investors an 8% NET rental yield for 3 years.

Reservation Process

Once you've selected your unit(s), you will be sent a reservation form that you will need to complete and return with a copy of your passport. At this time, you will also need to pay a £5,000 reservation deposit by bank transfer, debit or credit card.

Once we have received your paperwork, we will guide you through exchange and completion.

You will need to instruct a solicitor. We can recommend solicitors experienced in purchasing off-plan residential property.

Payment Process

  1. Complete the reservation form & return with a copy of your passport
  2. Pay £5,000 reservation deposit
  3. Instruct solicitors
  4. Exchange with 50% of the purchase price (within 21 days of reservation)
  5. 25% stage payment when the property is sectionally complete (anticipated Q3 2018)
  6. 25% stage payment on practical completion (expected Q1 2019)

The Location: Liverpool

The Fabric District

Once the centre of Liverpool's rag trade, Islington is an area of Liverpool which is now experiencing an exciting renaissance. Plans have been revealed for new homes, offices and shops as part of an ambitious scheme, which will pay homage to the district's textile heritage.

Fabric District Residence sits within this district, part of Liverpool's £1bn regeneration zone where red bricks and gothic architecture contrast and complement the opulent new builds that are beginning to reshape the area.

Distances

  • Royal University Hospital - 500m
  • Lime Street Station - 550m
  • Central Station - 950m
  • St George's Quarter - 600m
  • Liverpool ONE - 1.1km

St. George's Quarter

Just a 600m walk from the Fabric District is Liverpool's breathtaking St. George's Quarter, which holds UNESCO World Heritage Status. Lined with historic cobbles and street lamps, the area is a cultural hotspot which boasts some of the finest Victorian architecture in Britain.

Why invest in Liverpool?

Liverpool is a city on the up. With an ambitious range of urban regeneration initiatives providing a catalyst for change, Liverpool is playing a leading role in the Northern Powerhouse. Developments such as Liverpool Waters and Liverpool2 port expansion are creating a magnet for national and overseas investment.

The city's renowned academic network, ensures it continues to attract the brightest talent to live, study and work. Liverpool is a beacon of art and culture, with great theatres, an iconic waterfront and famous buildings attracting thousands of visitors to the city each year.

In 2014, Rough Guides voted Liverpool as the world's third best place to visit. Liverpool is also among the UK's leading retail destinations and is home to the UK's largest open-air shopping centre, Liverpool ONE. Combine this with the indie culture coursing through Bold Street and the Baltic Triangle and you can see why the city has become so popular with young professionals.

In 2017, both Private Finance and TotallyMoney.com ranked Liverpool as number one in the UK for buy to let yields. The city is now proving more and more popular with investors who are setting their sights away from London in favour of up and coming Northern Cities offering more affordable purchase prices and higher rental yields.


Location map:

Liverpool
Residential Property
1 Bedroom
1 Bathroom

Property summary


  • Studio apartment property investment
  • Central Liverpool location
  • 8% NET yields p.a. for years 1 - 3
  • 250 year leasehold
  • Delivered by a proven developer
  • Simple & transparent purchase process
  • Reserve for £5,000