Colonial Chambers Development Progress
Colonial Chambers is located within a former office building. Although, it has since been revived into 94 individual luxury apartments just a two-minute walk from Liverpool’s iconic waterfront. Situated in the depths of Liverpool’s commercial district, Colonial Chambers provides a prosperous investment forecast for strong capital growth over the forthcoming years. Ideal for young professionals, graduates and those commuting for work, excellent transport links surround the build for premium access to some of the biggest multinational employers. Providing an 8% NET rental return, this stylish development is nearing completion, and has prices starting from £69,950, significantly below market value for this standard of quality. Keep up to date with the latest Colonial Chambers Construction Update through our posts below.
Colonial Chambers – The Surrounding City
The Colonial Chambers development is located conveniently within Liverpool’s cavern-quarter, a desirable area of the city that’s merely a stone’s throw away from an abundance of eclectic restaurants and bars. The building is also extremely close to the city centre, making focal points of the city such as the Albert Docks, the University sector, and Liverpool One easily accessible.
Embedded nicely within the city, the Colonial Chambers development also has excellent travel access for the potential tenant working in-and-around the area. James Street station, just over five minutes away, allows quick access to the Merseyrail line, or if travelling further afield then Lime Street is only around 10 minutes away also.
Nestled in the city’s financial district, the Colonial Chambers is uniquely placed within some of the city’s best architecture and is both a luxury and affordable option for young professionals wanting to position themselves ideally, whilst pursuing the multitude of job opportunities the city offers.
Liverpool – At a Glance
One of the major Northern cities in the country, Liverpool is one of the most promising and lucrative areas to invest in currently. According to TotallyMoney’s UK buy-to-let yield map for 2019, the city boasts six of the top 25 postcodes for rental yields in the country. The L7 postcode is the highest, with an impressive high average of 9.79%, and the total six average out at over 8%.
Liverpool’s cultural significance is not ignored by investors when looking toward the area. The tourism that the famous ‘Fab 4’ bring to the city is massive, with the themed bars, museums and shops. Plus, prestigious Liverpool F.C’s recent Champions League victory has been estimated to bring a huge economic boost to the city, according to Mayor Joe Anderson when speaking to the Liverpool Echo.
It’s easy to see why students and young professionals want to come to the area alongside tourists, and in turn why investors want to root themselves in the city going forward.