Red Rooves Limited are delighted to bring to the market the latest residential development in Liverpool City Centre, The Fabric District. Located in the heart of Liverpool’s regeneration zone, the Fabric District consists of 208 residential units.
Fabric District facilities:
• Free high spec furniture pack included in the price of the apartment
• High quality fittings throughout
• On-site management company
• Hotel style access control systems and parcel reception/concierge
• High speed Wi-fi internet in all rooms
• Further communal kitchen with fully fitted appliances, including dishwashers
• Monitored CCTV system & on-site laundry
Key investment facts example:
(rental period is for 3 years, less £350 ground rent per year)
Studio apartment example:
Property price - £81,950
Annual rental income (8%) - £6,556
Estimated weekly rent - £160
Leasehold term – 250 years
Planning approved – Q4 2017
Construction begins – Q4 2017
Completion date – Q1 2019
Investment fast facts:
Price range - £75,950 - £125,950
Size range – 25.0 sqm – 42sqm
Parking included – no
Furnishing included – yes
Service charge and management fees £1150 per year
Ground rent - £350 per year
Mortgageable – yes over 30sqm subject to availability and lending criteria
1. Reservation deposit of £5,000
2. Complete reservation form
3. Instruct solicitor (within 24 hours)
4. Exchange with 50% deposit (within 21 days)
5. 25% when property is sectionally complete (Q3 2018)
6. 25% on practical completion (Q1 2019)
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 are furnished to the highest standard and will provide investors a truly ‘Turn Key’ buy to let property. The development will offer residents the very best of city living at an affordable price – while giving investors an 8% net rental return for 3 years. Located metres away from the nearest shopping centre and train station, this residential development gives tenants everything the City has to offer within walking distance.
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.
Islington will now form Liverpool’s innovative ‘Fabric District’, which will be part of the expanded Knowledge Quarter Liverpool (KQ Liverpool). £1 billion has been invested into Liverpool’s thriving KQ; the team behind which aim to place Liverpool at the forefront of global innovation.
Just a 600-meter walk from Fabric District Residence is Liverpool’s breath-taking St George’s Quarter, which holds the UNESCO World Heritage Status crown. Lined with historic cobbles and street lamps, Liverpool’s St George’s Quarter is a cultural hotspot which boasts some of the finest Victorian architecture in Britain.
William Brown Street is an iconic street within the quarter, which features only cultural attractions, all of which are completely free to enter. Cultural attractions include the stunning St George’s Hall, Liverpool Central Library, the World Museum, the Walker Art Gallery and Liverpool Empire Theatre.
The development sits within the Fabric District, part of Liverpool’s £1 billion regeneration zone where red bricks and gothic architecture contrast and complement the opulent new builds that are beginning to reshape Liverpool’s landscape.
At the heart of these regeneration plans is the Paddington Village expansion site, an enormous urban village that is inspired by the likes of Greenwich Village in New York.
This creative hub is already home to some of the world’s most influential players in science, health, technology, culture and education, including the new £335 million Royal Hospital, Liverpool School of Tropical Medicine and the University of Liverpool. Residents of Fabric District Residence will benefit from living in the heart of this flourishing area.
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 the Liverpool2 port expansion are creating a magnet for national and overseas investment.
The city’s renowned academic network, anchored by the £1 billion Knowledge Quarter Liverpool, ensures it continues to attract the brightest talent. Much loved as the birthplace of The Beatles, Liverpool is a beacon of art and culture, with more museums and galleries than anywhere outside London. Great theatres, an iconic waterfront and famous cathedrals attract thousands of visitors each year.
In 2014 ‘Rough Guides’ voted Liverpool as the world’s third best city to visit. Liverpool is also among the UK’s leading retail destinations and is home to the nation’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.
Important Notice to Purchasers:
• We endeavour to make our sales fair, accurate and reliable but these are only a general guide and they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or facts. We do not guarantee or test any services, systems or appliances listed in the specification as to their operating or efficiency ability, we therefore strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase. All measurements that are stated are only intended as guidance only and are not precise, you should therefore verify the dimensions carefully before ordering any built-in furniture, carpets or laminates.
• Intending purchasers please note that you will be asked to produce some identification documentation at a later stage as part of the anti-money laundering regulations, we therefore please ask for your co-operation in this matter so that there will be no delays in agreeing a sale for the property.
• The information issued is in good faith but does not constitute representations of fact or form part of any offer or contract. The matters referred to in this article should be independently verified by prospective buyers. Neither Red Rooves Limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property. Your home is at risk if you do not keep up repayments on a mortgage or other loans secured against it.
• We make no representation or warranty of any kind with regards to the information contained in this article and none of the information should be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before deciding to invest. Any opinions expressed in this article are not statements of fact.