The city of Liverpool has experienced tons of regeneration from the Albert Dock to Liverpool ONE, but its largest project is yet to come with a £5.6 billion plan set to change the face of Liverpool’s docklands on the waterfront.
Liverpool Waters is the name given to the ambitious 60-acre scheme developed by the Peel Group –world-renowned experts in infrastructure, transport and real estate. They have previously worked on renovation success stories such as the £23 million EventCity and £800 million MediaCityUK in Manchester. However, it’s not the first time that this developer has visited the city of Liverpool, currently also investing in the Liverpool2 Superport terminal.
A waterside masterplan that could be dubbed the UK’s largest regeneration project ever aims to produce a new district of Liverpool fit for living, working and playing. A range of buildings ranging from sky scrapers and shorter towers will transform the site whilst preserving its precious maritime heritage. But what does this all mean for property?
Although Liverpool Waters itself will develop 5 distinct neighbourhoods for residential living, property investment opportunities will not be limited to this specific dockland zone. Anticipation is spanning far and wide for this show stopping mixed-use hub on the River Mersey, any many locals and newcomers will demand accommodation close to the spectacular site.
3,340,000 square feet will be dedicated to providing quality office and conference space for businesses, expanding Liverpool’s already thriving commercial sector. The contemporary new working environment will encourage the construction of nearby living quarters for employees, giving investors a unique opportunity to take advantage of high tenant demand in adjacent developments.
A sophisticated hotel and communal park plus a selection of cool cafés and top-class restaurants will add more excitement to the dockland region than ever before. Still considered a city centre location with hotspot quarters like the Baltic Triangle and RopeWalks just minutes away, investors can turn their attentions away from conventional urban territories and opt for properties overlooking the river. With views stretching across to the undulating towns and greenery on the Wirral, properties in this sought-after area will grow in numbers as the regeneration progresses.
The new waterfront which hopes to compete with that of international cities will appeal to overseas populations looking to move to a UK culture core like Liverpool. Every year, a high influx of foreign students attend Liverpool universities, with many of them tending to continue their residence in the city after graduation. Luxury properties near to an internationally inspired project are sure to be snapped up by these affluent tenants.
Prospective rental yields in a highly demanded location like this will likely be very attractive. Despite taking years to complete, this could also be a plus point for those looking to invest in property. Investments in close proximity to the expansion district could profit from increased value in the future. There is the possibility that prices will soar once Liverpool Waters begins to take shape, meaning that the potential for capital growth in the long-run is a viable opportunity for a future-proof buy to let venture next to the globally celebrated Liverpool Waters. For information on property investment opportunities contact RWinvest on +44 (0)151 808 1250 Email: info@rw-invest.com or visit our website.