Apartment for New Build in United Kingdom, Liverpool, City Centre, Phoenix Place, Iliad Street
United Kingdom, Liverpool, City Centre, Phoenix Place, Iliad Street
CGP: CGC PP - Liverpool
Purpose built student accommodation
Phoenix Place phase one boasts 134 en-suite and studio apartments, offering the ultimate in contemporary student accommodation in Liverpool.
Sited on Iliad Street, these apartments are within walking distance of all of the main University establishments and Liverpool City Centre; and have been built as part of ongoing regional development in the area.
The amenities within the immediate vicinity offer everything students need to make the most of student life. These include a fully equipped sports centre, gymnasium and swimming pool all less than half a mile away; the historic Greatie market is right on the doorstep, and a large Sainsbury's supermarket (due to open in 2017) is just 500m away.
And whilst there's plenty to do and see nearby, for those who wish to travel further afield, there is also easy access to the main routes out of Liverpool via road and public transport. This includes the Lime street train station and the National bus depot which are less than a mile away.
The development itself was created by , one of the leading developers in the North West, and having brought their 25 years of experience to this project, the result is a stunning array of apartments created to the highest specifications. Phoenix Place sits within a hub of student accommodation and residential apartments, which are part of an ongoing massive redevelopment project within the region. In total, an estimated £200millon is being ploughed into the local vicinity as redevelopment continues over the next two years. Additionally, on the edge of this development is the £150million Jennifer Project which sees the regeneration of a 45 acre site of land.
The fact that so much investment is being put into this area makes Phoenix Place an extremely desirable place to live and a thriving place to invest into. Ultimately, in Phoenix Place, P Property
has created a stylish solution to meeting the rising demand for student accommodation in Liverpool, whilst also providing a perfect investment opportunity.
Summary of Project:
Price: En-Suite Apartment £49,950 - Studio apartment £57,950
Assurance/Guarantee: 5 year guarantee at 9% net
Interest on funds: 5%
Sizes: from 14m2 to 23m2
Management Company: Urban Student Life
Facilities: Reception/ Secure fob access/ CCTV/ Full Wi-Fi throughout/ Communal Lounge/ Communal kitchen
with high gloss units/ Communal dining areas/ Entrance Foyer/Communal gardens/ Laundry
Leasehold: 250 Years
Ground Rent: £350
Management: £1101 (en-suite) £3107 (studio)
Service Charge: Included in the above
Completion Date: Q3 2018
Payment Plan: 50% exchange deposit, 25% September 2017 and 25% on completion
Am I buying as Freehold or Leasehold?
250 years Leasehold.
When will the building be completed?
Q3 2018. 5% interest is paid on deposited funds
Is there a rental guarantee?
Yes, rental guarantee is 9% for five years.
Is there a management company already in place?
Yes, the designated management company for the
project is Urban Student Life.
When is my rental income paid?
This is paid quarterly in arrears direct into your bank
account from completion.
Am I taxed on this income?
If you are a UK resident then yes. If you are a'nonresident' in the UK then you are classed as an 'overseas landlord' and apply to the HMRC in the UK
for exemption - the appointed management company will be able to help with this.
Can I resell my unit?
Yes, you can sell at any time after exchange of contract.
Can I do anything with my apartment?
No, each room will be leased back to the management company on a rolling agreement so that the whole building - in its entirety – can be let as student
Are there any restrictions if I want to sell?
Phoenix Place is a commercial development, there are no restrictions when selling on the unit.
What security do I have when I exchange contracts, regarding my funds?
There is a first charge in place, ensuring Investors' funds are held securely with solicitors
- Bedrooms: 1
- Bathrooms: 1
- Built: 18m2
- Energy Rating: In process
- Pounds: 44.648 GBP
- Russian ruble: 3.498.803 RUB
- Swiss franc: 58.422 CHF
- Chinese yuan: 390.804 CNY
- Dollar: 58.916 USD
- Swedish krona: 496.718 SEK
- The Norwegian crown: 485.329 NOK
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