Description
Introducing Reliance House – the transformation of a grand Edwardian style building into 100 luxurious residential apartments. This is an existing building with planning already approved for the transformation. There are 73 one and 27 two-bedroom luxury apartments. The project will commence in February 2017 and complete January 2018
Reliance House represents an outstanding buy-to-let investment opportunity. The location and
apartment design is perfectly suited to meet the high rental demand of the Liverpool city centre market. This is a rare opportunity to secure exceptionally high quality real estate with strong income and capital growth potential.
Key Investment Facts
- Price from just £119,950
- 7% NET rental return guaranteed for 1 year.
- 250-year lease
- City Centre location
- 100 luxurious one and two-bedroom apartments
The Lifestyle
Liverpool’s bar, restaurant and hotel industry is booming, Reliance House is situated in Liverpool’s commercial district, home to some of the city’s finest bars and restaurants. The development is also a short walk away from the famous Albert Dock.
Restaurants and cafes in Liverpool increased by 17.1% over the last five years, trumping London’s 13.4%. The same increase has been seen with bars and pubs increasing by the same percentage compared to just 1.3% in Manchester.
Residents of Reliance House will be able to experience the area’s vibrant lifestyle due to the fact the development is within walking distance of the some of the area’s finest bars and restaurants
celebrates mixology and craftsmanship.
The Apartments
The apartments have been thoughtfully designed to make wonderful homes, with their fully residential design offering rental market versatility. With local demand consisting of young professionals, students and tourists, the income potential of these apartments is very attractive.
The apartments at Reliance House cater to the higher end of the private rental and residential market.
Both one bedroom and two bedroom apartments provide ample room with spacious living rooms, well-appointed kitchens and comfortable bedrooms. The design scheme consists of white, beige and light tones creating an airy atmosphere. In addition, walnut flooring and high-grade materials throughout will project a truly premium look and feel to the apartments.
One Bed Apartments
Generously sized and well appointed, the one bedroom apartments at Reliance House are ideally suited to young professional rental tenants.
The properties also benefit from large sash windows and tall ceilings, making them charming homes for first time buyers or young couples.
- Typical Size – 499 sq. ft. / 46.6 sq. m
- Starting From – £119,950
- Units Available – 73
- Guarantee – 7% NET rental return for 1 year
Two Bed Apartments
The two bedroom apartments all have two bathrooms, and the design offers two nearly equally sized full double bedrooms – thus enabling tenants to easily split the rent.
This offers maximum convenience and flexibility to the residents and is highly attractive from a rental perspective.
- Typical Size – 609 sq. ft. / 56.6 sq. m
- Starting From – £159,950
- Units Available – 27
- Guarantee – 7% NET rental return for 1 year
Apartment Specification
The fixtures and fittings for Reliance House have been selected on the basis of quality and longevity. Attractive and hard wearing materials make for desirable low maintenance homes.
Quality kitchens complete with built in appliances, luxurious bathrooms, flooring and lighting.
Furniture Pack
To take advantage of the assured yield you must purchase the furniture pack. For a one Bedroom apartment, this is £3,000. For a two bedroom, this is £4,000
The Developer
Legacie Developments is a boutique Liverpool based property developer specialising in the sensitive conversion of historic buildings.
Focusing on city centre locations and buildings of character, Legacie Developments work with award winning architects to create elegant modern apartments. Respecting the heritage of the development properties and locations, they incorporate period features into the design wherever possible – with the goal of creating beautiful homes and luxurious buildings. Comfortable homes result in satisfied tenants, which in turn generates a high and consistent rental income for investor landlords.
Buying Process
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Choose an investment unit to buy
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Pay a £2,500 reservation fee
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Instruct solicitors
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Transfer 35% of the funds on exchange
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Transfer 15% of the funds after 6 months’ plus furniture pack payment in full
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Transfer balance minus reservation fee on completion
What is a care studio?
A care studio is a well-proportioned en-suite living space in the refurbished homes, designed to make life easier for the resident and take away the everyday hassles associated with living at home in later life. With interior design by leading care specialist’s particular attention has been paid to ensuring that safety features are incorporated, and consideration given at all times to the needs of those with mobility issues. Studios are provided fully furnished and ready to occupy, with a selection of colour schemes giving each space a unique look and feel, complemented by high quality furniture, fabrics, prints and accessories. All studios feature:
- Beautiful and luxurious interiors
- Fully Furnished
- High Quality fabrics and accessories
- Plasma TV
- Wi-Fi
- Fridge
- En-suite Wet room
- Nurse Call System