Marina Lofts
This development was completed in 2017 and is now 100% tenanted.
OVERVIEW
Located in the popular residential area of Waterloo in Liverpool, Marina Lofts is a completed and 100% tenanted refurbished development by Nexus Residential. The development consists of a mix of studios and luxury one-bedroom apartments which are all fitted out with the latest appliances and technology, as well as stunning interior design. It’s no surprise that the units were fully occupied quickly after completion of the renovations.
Waterloo is a highly attractive area for property investment, especially due to high tenant demand. Being a suburb with proximity to the coastline as well as Liverpool city centre’s business district in 15 minutes, it’s a unique location desirable for young professionals, couples and young families.
It’s therefore an excellent place for buy to let property investment, with prices significantly below market value and NET high rental yields available. Investors in Marina Lofts were able to take advantage of both of these factors when the project was released, which played a part in creating such a lucrative investment opportunity.
INVESTMENT
Now completed and tenanted, Marina Lofts is a stunning addition to Nexus Residential’s growing portfolio. It offered investors prices from £79,995 with assured NET rental returns at 7% for three years. The apartments have also experienced substantial capital growth since their release.
Right from the design stages, the apartments were designed to have maximum tenant appeal. Kitchens are fully fitted, open plan and boast integrated white goods and breakfast bars. The bathrooms are bright, modern and have luxury tiling installed, with solid wood flooring laid throughout the living spaces. All units also benefit from expansive windows to allow floods of natural light into the apartment.
All of these features helped to put Marina Lofts Liverpool at the forefront of Liverpool’s property market. Waterloo flats have seen an increase in value of over 20% during the last 5 years. This level of growth is set to continue with forecasts released at the end of 2019 predicting 24% price growth across the north-west region of the UK by the year of 2024.
