Museums at Liverpool’s Albert Dock are Set for £58m Investment | RWinvest Skip to content

Museums at Liverpool’s Albert Dock are Set for £58m Investment

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    The Royal Albert Dock in Liverpool is renowned for its beautiful and historical buildings and is home to the largest collection of Grade I listed assets in the UK outside of London.

    It has previously been announced that work will be undertaken to make the district even more appealing, including a revamp for two of the dockside museums. This week, an application revealed detailed designs for the project that will link the Maritime Museum and the International Slavery Museum.

    Funds for the scheme have been sourced from the Department for Levelling Up, Housing, and Communities and the National Lottery Heritage Fund. Work is slated to start on site in spring 2025, dependent on planning permission. This means the museums will close and reopen in 2028 when the work is completed.

    The area around the Albert Dock has become a prime location for investing in buy-to-let new build properties, as affluent young professionals flock to the area. This has drawn more investors to the Liverpool buy-to-let market. Why not learn more about the different types of real estate investments open to you.

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    Exterior daytime shot of Maritime View showcasing Liverpool's skyline

    How Will the Museums Be Improved?

    The project will add new entrances to the museums and link the two attractions with a connecting bridge.

    A new 960 square feet entrance pavilion will be built for the International Slavery Museum, a glazed roof lantern will be added to the atrium, external doors will be built for the west pavilion, and a 320 square-foot link bridge will be created to connect the Dr Martin Luther King Jr building to the Hartley Pavilion.

    The Maritime Museum at the Hartley Pavilion will have two new glazed vestibules installed. One will be at the main entrance in the north, while a smaller one will be made at the dock-facing southern entrance. A roof light will also be installed in the lecture theatre.

    These improvements will allow for greater accessibility, creating a space where both ramp and stair users will enjoy the same experience. New lifts will be constructed, layouts will be simplified, and more accessible toilets will be available.

    Further Reading: Learn more about getting into property investment with our guides to topics such as buying a house through a limited company.

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      What Does This Mean for Liverpool Property Investment?

      As mentioned previously, new build developments have been springing up around the Royal Albert Dock, as tenant demand from young professionals has soared, and the district is becoming known as one of the best buy-to-let areas in Liverpool.

      Not only is the location conveniently in the centre of Liverpool, in good proximity to the city’s major employers and educational institutes, but it also offers fantastic views and a bustling and exciting atmosphere. Maritime View – Liverpool, a new-build apartment complex in the area, is one example of a development with a stunning view of the dock area.

      According to Knight Frank, properties with a view of water grow in value quicker than similar non-waterfront properties, making them a popular choice for investors.

      As the Albert Dock benefits from regeneration schemes and becomes more of an in-demand area, its potential for capital value growth is likely to improve even further.

      Find out more about the UK property market and other safe investment options with our latest buy-to-let area guides covering topics such as investment property available in Brixton and investment property available in Dewsbury.

      Museums at Liverpools Albert Dock are Set for £58m Investment

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      Jessica Ferris

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      Jessica Ferris is a property writer at RWinvest, helping our readers stay ahead of property market trends with the latest news and statistics.