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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

M2 18m2 Bedrooms 1 Bathrooms 1

Purpose built student accommodation

  • Luxury studio and en-suite apartments
  • 9% Net Yield
  • 5 Year Rent Guarantee
  • Fully Furnished and Managed
  • Purchase a standard studio apartment for £57,950
  • Purchase a Standard En-Suite Apartment for £49,950
  • 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:

  • Fully managed investment
  • Six floors
  • Communal lounges
  • Fully fitted kitchens
  • Clean, classic lines throughout
  • Contemporary fixtures and fittings
  • Exceptional local facilities and amenities
  • Within an area of extensive redevelopment
  • National rail links just a 10 minute walk away
  • Walking distance from the city centre
  • Located next to a large park
  • Close to a local police station
  • Next to a new supermarket due to open in 2017
  • Three new schools recently built within the local area
  • 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

    Furnishing: Included

    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

    FAQ'S

    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

    accommodation.

    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

    Property marketed by Castle Gallois Properties.
    Visit our website www.castlegalloisproperties.com
    or call us now on 00 44 2921280112.
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    • Bedrooms: 1
    • Bathrooms: 1
    • Built: 18m2
    • Energy Rating: In process

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    Currency exchange

    • 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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