Liverpool is known for being a buy-to-let hotspot, returning some of the most favourable yields in the country for those with the foresight to invest there. A thriving business and start up hub with an active cultural scene and a UNESCO World Heritage waterfront, Liverpool offers an exciting blend of commercial opportunity and creativity for those who choose to live there.
Savvy investors have been keen to purchase apartments in top Liverpool locations in recent years, as professional tenants put demand on the housing infrastructure that supply cannot keep up with. The latest stunning building to be launched to the market is Parliament Residence. Presented by specialist real estate consultancy Prime Centrum, the building has been quick to win over the hearts of those looking for a luxurious, waterfront investment in the city.
Stuart Johnson, Business Development Manager at Prime Centrum, explains,
“We have been delighted by how well Parliament Residence has been received since we launched the development in late May 2016. Less than a month after the launch date, a full 30% of the project has already sold. We were expecting interest to be high, given Parliament Residence’s high spec and waterfront location, but we are really impressed by just how quickly the apartments are selling.”
There are several reasons behind Parliament Residence’s strong appeal. The great waterfront location plays a key role. The development offers views over the historic Queens Dock and Albert Dock, as well as Liverpool Cathedral. It is well placed for access to the city’s central business district, as well as to the shops and leisure facilities that are packed into central Liverpool.
The fact that the building are managed by Sutton Kersh is also significant. Sutton Kersh are part of Countrywide PLC, the UK’s largest estate agency group, responsible for managing 100,000 properties. Sutton Kersh alone manage 3,000 homes in Liverpool and this extensive experience will be invaluable to investors looking for a hands off buy-to-let investment at Parliament Residence.
With the apartments offering early investor discounts averaging 22%, the availability of instant equity at Parliament Residence makes the development even more attractive. The luxury apartments are set to appeal to some of the city’s most affluent and ambitious young residents and the combination of capital growth and strong yields (7% NET income p.a. assured for the first 3 years) has clearly caused a stir of excitement within the global investment community.
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