Construction Updates
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OVERVIEW
Bringing luxury residential 1 and 2-bedroom apartments to Liverpool City Centre North regeneration zone, City Residence Apartments is an innovative property development developed by Nexus Residential and managed by Nexus Lettings thereafter. Located in a hotspot area for regeneration close to the £5.5 billion Liverpool Waters regeneration scheme and only 650 metres from the £150 million Project Jennifer on Great Homer Street, the construction of City Residence Apartments will contribute to the overall redevelopment of this dynamic location.
It’s also placed just a short distance from the £260 million Anfield Project in North Liverpool which is seeing the implementation of a £4.5 billion brand-new high street. The development features a concierge which will work 24 hours per day to maintain the building, its apartments and tend to the needs of residents living on site. There will also be secure car parking spaces in the vicinity which widens the tenant pool of these properties significantly. Bike storage and deluxe balconies and terraces will also form part of this pioneering property complex.
A wide range of apartment styles are available including a limited number of superior dual-aspect apartments with stunning views across Liverpool’s landscape. Apartments will accommodate fully integrated kitchens, floor to ceiling windows and luxury furniture packs are available to purchase.
INVESTMENT
Working in collaboration with RWinvest, Nexus Residential has secured an unbeatable deal on this development which brings premium 1 and 2-bedroom apartments to the Liverpool market from £114,995. This is the lowest priced residential investment in Liverpool with competitive payment structures also available.
With assured net rental returns of 6% for one year, investors will receive high rental income during the first year of their investment. Liverpool’s population continues to rise against a lack of accommodation on the market, meaning City Residence Apartments will be a welcomed development to the city with high tenant demand in the area generating substantial rental yields for years to come.
The location of this investment within the Liverpool City Centre North regeneration zone also promises strong capital growth for investors of City Residence Apartments. Property specialists, JLL, forecast a 10% rise in property prices in Liverpool by 2022. By investing now, investors can start seeing an increase in the value of their property throughout the construction process and beyond.
