Invest from £74,000

  • Purchase Price: £74,000
  • Net Yield: 8%
  • Gross Rent: £8,210
  • Management Fees: £428
  • Service Charge: £295
  • Ground Rent: £350
  • Net Income: £7,137

Assured net rental of 8% average per annum for the first 3 years

This is the second phase of three strikingly individual buildings and will provide 125 apartments – both studio and one-bedroom – at the heart of Liverpool’s burgeoning Baltic district which is home to an array of cutting-edge creative businesses and some of the liveliest festivals and venues in the city.

This is the second phase of three strikingly individual buildings and will provide 125 apartments – both studio and one-bedroom – at the heart of Liverpool’s burgeoning Baltic district which is home to an array of cutting-edge creative businesses and some of the liveliest festivals and venues in the city.

But it will be more than just a residential development – much more. It will also be home to an exclusive collection of contemporary street art by Banksy – one of the art world’s most recognisably distinctive talents. In addition, workshop space will also be provided to allow new businesses to start-up and flourish in an atmosphere of mutual support and co-operation. Berry House will be a place to live, but also a place to create and to wonder.

Overview

  • Types of units: Studio and one bedroom apartments
  • Prices from:  £74,000
  • Size: 272 sq ft – 692 sq ft
  • Leasehold: 250 years
  • Build warranty: 10 years
  • Service charge: £1 per sq ft pa
  • Ground rent: £350 for all unit types (payable by the investor to the freeholder during the period of tenancy)
  • Management fee: 6% of rental income
  • Assured rent
  • 7% over three years for one-bed apartments
  • 9% over three years for studio apartments

Location

Located between historic Chinatown and the waterfront, Liverpool’s Baltic area has become one of the city’s most exciting and vibrant neighbourhoods. The Baltic area is well connected to major amenities and close to Liverpool One – one of Europe’s biggest city centre retail developments.

 

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