Reliance House Studios Construction Updates
Reliance House Studios Development Progress
Reliance House Studios marks Phase 3 of the Reliance House development in Liverpool city centre. Phases 1 and 2 consisted of 1 and 2-bedroom apartments, which are now all sold out, completed and 100% tenanted.
The Phase 3 studios provide a welcomed extension to this best-selling property. A select number of studio units have been designed to cater for Liverpool’s growing number of young professionals. Combining modern features such as trendy downlighting, real-wood floors and integrated kitchens with original characteristics of the building such as the naturally high ceilings, Reliance House Studios is a unique investment opportunity with high tenant appeal.
The location is also fantastic for property investment. Virtually next door to the iconic Liverpool Royal Liver Buildings, the apartments are in the heart of the commercial district just a short stroll to the UNESCO World Heritage Site waterfront, which is soon undergoing a £5.5 billion regeneration plan.
Assuring 7% NET rental returns for the first year and prices from £69,950, this is one of the best deals we have ever secured on residential property. In addition, due to the building already being built, Phase 3 is only projected to take around six months to complete, so you can start earning a rental income in no time.
With this in mind, Reliance House Studios is estimated for completion in Q4 2019. The award-winning developer, Legacie Developments, has a vast portfolio of properties which they have completed on time and within budget. Their high standard of construction can be witnessed first-hand in projects all around Liverpool and the UK, with their construct arm named Legacie Contracts also working on flagship hotel builds for Hilton, Hotel Indigo and Holiday Inn.
Investing in Liverpool Property
Reliance House Studios makes investing in Liverpool property simple. With low property prices and high NET rental returns of 7%, Reliance House Studios creates a lucrative investment opportunity in a hotspot for capital growth within Liverpool city centre.
Landmarks such as Liverpool Waterfront, the Royal Liver Buildings and the Royal Albert Dock surround the property to ensure high capital appreciation for the future. Also situated firmly within the central commercial district, the apartments will benefit from the high demand for property from young working professionals.
Liverpool investments that tick all the boxes for price, return, demand and location have the best prospects to make a strong return on investment. It’s one of the most famous cities in the UK and the world, with many more people moving to the city for its undeniable sense of culture, art, history and football. However, it is also the high-quality job opportunities and top-ranking universities which are pulling young people into the Merseyside capital, and convincing them to stay. It’s no surprise that prices are set to increase by a huge 13.5% by 2022. This means that an investment in Reliance House Studios for £69,950, could be worth up to £9,443 more in just three years’ time.