Integritas Property Group (IPG) has announced the launch of Bastion Point, a brand new residential development in the heart of Liverpool which is said to offer a lucrative opportunity for local investors.
Set for completion in Q3 of 2023, phase one of the development will see 67 luxury apartments built over seven floors on Naylor Street, which is just a short walk to Liverpool City Centre and the popular location of Albert Docks, which has been dramatically regenerated in recent years. Bastion Point will feature a variety of one and two-bedroom apartments, designed to appeal to the city's fast-growing rental market.
Mitchell Walsh, managing director at IPG, said: “Liverpool is currently an excellent prospect for investors due to its strong capital appreciation. Seven of the city's postcodes feature in the UK's top ten best capital appreciation locations."
He added: “With the North West expected to grow in population by 24% over the next five years, there is real pressure to deliver new housing; the local market is likely to continue to out-perform the rest of the UK. We're delighted to begin work on Bastion Point and open up this fantastic opportunity to investors, who we predict will profit from 7.5% net rental income upon completion."
He continued: “Liverpool really is stepping up its game to compete with Manchester, with the local council investing heavily into the regeneration of the city to secure the same success as Ancoats.
“Bastion Point is ideal for first-time investors, and we expect this development to be another that sells out fast. We also have similar developments in other northern cities, offering similarly high yields on investment.”
One-bedroom apartments are available from £124,950 and two-bedrooms are available from only £184,950.
IPG is a leading property developer, specialising in finding the very best development opportunities in the highest yielding locations around the UK. For more information and to sign up for sales alerts, visit www.integritaspg.com.