August 2016 - Logic Estates

Transcription

Logic Estate Agents
97 South Road, Waterloo, Liverpool,
L22 0LR
Office: 0151 920 2404
(Associated Office)
121 Park Lane, Mayfair, London, WIK 7AG
Tel: 0207 079 1415
“City View”
Liverpool - City Centre and Docklands Property Review - August 2016
A summary of docklands and city centre “Luxury Apartment Living” highlighting
the market trends and current demand.
The Three Queens 25th May 2015
97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: [email protected]
Three Graces
Mann Island
Property Market Summary - August 2016
Liverpool is a city with creativity in its DNA. The Baltic Triangle area is home to the
Liverpool’s new Tech City, which is set to rival London’s for innovation, investment and
reputation. Companies within the creative industries, from games developers to ad
agencies, are flocking to the port city to set up base or open new offices. They in turn are
attracting a new tribe of smart and entrepreneurial-minded young people, with creative
skills and tech knowledge.
Young and local talent is also being cultivated in the city. Mercia Technologies partnering
with two of Liverpool’s major universities, Liverpool John Moores University and the
University of Liverpool, to help new spin-off enterprises get off the ground in the area.
With a flourishing start-up culture and investment pouring in, the creative industries are
contributing millions to the region’s economy.
And it’s not just these emerging industries that are driving the local economy. A
combination of traditional industrial heritage and thriving tourism industry are driving the
local economy. According to the latest government data, its regional economy is one of
the fastest growing in England. In fact, output in the city has increased by 39% in the last
decade!
Liverpool is also a base for many major companies including Jaguar Land Rover, Maersk,
Barclays Wealth, who are investing heavily in the city. And then there’s Bibby Line, one of
Liverpool’s oldest major companies, who combine two of the city’s longest standing
industries: maritime and financial services.
A steady stream of tourists brings over £1 billion to the local economy every year. The
city’s economic growth is buoyed further by the proposed Northern Powerhouse, which is
drawing even more investment to the area.
In recent times, the residential property market in the North West has provided for higher yields
than any other region in the country, with an average of 7.1%. Liverpool has been one of the best
performing areas for investors in the North West in this period. This vibrant city has gone through
massive amounts of regeneration, to accommodate its booming population.
The Liverpool property market has seen extremely buoyant growth again in the last 12 months with
typical residential property values increasing on average by up to 10% ( Source: Homelet ) across
the majority of price ranges with recorded house price growth of 4.1% in Liverpool in the first
quarter of 2016. (Source Hometrack 22/4/16)
Rental values have also continued to increase, by approximately 2 - 3% with the ever diminishing
supply of stock. Demand is still as strong as ever City Centre and Docklands apartments from
future owner occupiers and potential tenants alike.
It is predicted that for the next 5 years at least, this current demand will continue to match and
potentially outstrip supply and therefore improve and increase values further, particularly in the City.
Liverpool city should continue to outperform the region, as it still offers good value compared to
other major UK cities such as London or Manchester. The prospect of further growth in the next 5 10 years is very strong, as Liverpool establishes itself as one of the leading city locations in the UK.
Many key investors are attracted by this prospective growth and the proposed future
groundbreaking developments within the City, including Stanley Dock which is a completely unique
development opportunity. Developments within Liverpool have historically (from 2003), had a
primarily “buy to let” focus. This has resulted in a lack of penthouse and premium quality
apartments of substantial size, to satisfy the ever growing demand from owner occupiers who wish
to live in the city, in addition to the demand from key investors.
(Source: RICS Price Expectation Survey, Nationwide House Price Growth, Halifax House Price
Growth, Rightmove Asking Price, Colliers Residential Data Shot May 2015)
Why invest in Liverpool?
Network Rail and Liverpool City Region are investing £340 million in the Liverpool City
Region rail network to deliver more efficient and reliable railways by 2019, effectively
doubling the passenger capacity to handle the expected growth surge.
The new direct flight from the North-west to China on Hainan Airlines will facilitate
smoother visitor entry. It is expected to generate an estimated economic boost of £250m,
greatly benefitting Liverpool in terms of productivity gains for businesses, trade
stimulation and inward investments.
Liverpool2, UK’s most central deep water terminal located at the Port of Liverpool by
enlarging the current capacity. The £500m investment will add £5 billion gross value to
the local economy and create over 5000 jobs.
Key factors behind the continued growth of Liverpool City & Region :
✦ LIVERPOOL HAS THE MOST AMOUNT OF GRADE 2 LISTED BUILDINGS outside of London
✦ LIVERPOOL HAS MORE MUSEUMS AND GALLERIES than anywhere outside of London.
✦ THE WATERFRONT IS A DESIGNATED WORLD HERITAGE SITE, granted by UNESCO in 2004
✦ THE CITY POPULATION IS PREDICTED TO GROW - The current City population is approximately
470,000 - Liverpool is the UK’s sixth largest city in the UK and more than 7 million people visit, live work
and play on Liverpool's world heritage waterfront each year.
✦ GLOBAL & UK INVESTMENT IS EXTREMELY STRONG FOR KEY CITIES : Key Investors from across
the world are targeting the main cities of the UK - Primarily London, Manchester, Birmingham and
Liverpool:
✦ HIGH QUALITY LIVABLE ENVIRONMENT which has recently been transformed by the developments
such as Liverpool One.
✦ PART OF THE 2ND LARGEST REGIONAL ECONOMY IN THE UK which is worth €121 billion
annually, with 252,000 businesses
✦ LIVERPOOL HAS SOME OF THE LOWEST BUSINESS OCCUPANCY COSTS ( Rent and rates )
for grade A office space, and is amongst the top UK cities for cost efficiencies with average salaries
only 50% of the average salaries in Central London
✦ THERE ARE 6.2 MILLION PEOPLE WITHIN AN HOURS DRIVE OF THE CITY, providing for a
large employment base.
✦ LARGE STUDENT POPULATION, with 3 Universities and numerous other 3rd level institutions.
✦ LIVERPOOL WELCOMES APPROXIMATELY 58 MILLION VISITORS PER YEAR and the tourist
industry supporting 48,600 jobs.
See Liverpoolvision.co.uk and investinliverpool.co.uk/Liverpool for more
The private rental sector in UK continues to expand, with a growing number of younger age groups
joining in at a rate of 20% increase from ten years ago. Current trends suggest that the number and
proportion of private renters are set to rise further over the next five years, due to housing
unaffordability and onerous deposits.
Liverpool Vision is the mayor of Liverpool’s economic development company, responsible for creating
jobs, generating investment and marketing the city to investors and visitors. During the 2015 - 2016
financial year, Liverpool Vision directly delivered a total of 1,131 jobs, exceeding the target of 1,100 by
2.8%.
The figure of £90,801,240 generated by private sector investment is a notable increase on the
£78,125,189 reported for the previous financial year. The company also payed a significant role in
maintaining Liverpool City Region’s position as a top 5 UK destination for UK destination for tourists and
conferences, including international media profiles worth £4.1 million and £1.2 million of income for
hotels, venues and attractions.
International and Regional Connectivity.
Liverpool is one of the best connected cities in the UK. While Liverpool John Lennon Airport is an
excellent facility on the doorstep, manchester Airport ( the third busiest in the UK) is only 45 minutes
away. This provides access to wider global destinations including newly established routes to Hong
Kong and China. With approximately two-thirds of the UK population located within a 2 hour drive of the
city centre, Liverpool is at the hub of the North-west motorway network.
The Northern Powerhouse
Key Schemes Changing Liverpool Forever
Liverpool Waters - The regeneration of 60 Hectares of Liverpool’s historic dockland to create a world-class,
high-quality, mixed-use waterfront quarter in Central Liverpool. The development will create a unique ‘sense
of place’ taking advantage of the sites’ cultural heritage and integrating it with exciting and sustainable new
development. Liverpool waters will contribute substantially to the growth and development of the city,
allowing ease of the movement and strong connections between the northern
end of Liverpool Waters, its hinterland and the city centre. It will accommodate
new and existing residents, attract national and international businesses and
encourage a significant increase in the number of visitors to the city, adding to
Liverpool’s cultural offer and providing a new and complementary destination.
Princes Dock is Phase 1 of Liverpool Waters and is already home to an array
of world renowned businesses including Coutts, KMPG and PWC.
Superport - Superport is an integrated cluster of logistics assets and expertise that will deliver
faster, greener global market access for business to and from the northern UK and Ireland via an enlarged
post-Panamax container port.
Superport provides rapid reach to 35 million people within a 150-mile
radius. It stretches from the historic Port of Liverpool along the
Manchester Ship Canal and the heart of the northern UK road and rail
network, via 2 airports, and across 2 national Enterprise Zones plus the
highest density of warehousing in the UK. Superport is undergoing £1+
billion intermodal infrastructure investment, and from late 2015 the new
deep-water Liverpool2 terminal will be able to service 95% of the world’s
largest container ships, opening up faster supply chain transit for at least
50% of the existing UK container market.
Liverpool One - Redevelopment of the prime city centre retail areas, Liverpool
ONE is the huge open-air shopping and leisure district at the heart of the city. It
offers a multitude of high-profile stores with more than 160 famous high street
shops, ultra-hip fashion brands and cool independent boutiques. Expect
famous names like John Lewis, Debenhams, Apple, Hollister and the only
Harvey Nichols Beauty Bazaar in the country. For the kids, there’s Lego and
Disney Stores, plus Build-a-Bear Workshop. This has created a far more
attractive city centre and it now acts as a major counter balance to the retail
draw of Manchester and Birmingham. Liverpool has since moved from the 17th
to the 5th most popular shopping destination in the UK.
Lewis’s building and Central Village - Adagio Apart hotel is already open in
the iconic Lewis’s building as it undergoes a multi-million pound
redevelopment. Behind the front doors a fully functioning gym is waiting to be
used, though PureGym has now delayed opening until April after initially
hoping to do so late last year. Meanwhile, Lidl is due to enter the site while one
of the site’s neighbouring buildings has been levelled this year as Renshaw
Street changes before our eyes.
New exhibition centre - The rooftop of the £58m Waterfront complex was
completed late last year and the developers behind Exhibition Centre Liverpool
are planning a grand opening of the site in September. Before then there will
be a series of summer events and opening celebrations to mark the completion
of this huge project, which will also see a four-star hotel form part of the new
complex.
Rat and Parrot - Earlier this year the ECHO revealed £1m plans to transform
the empty Rat and Parrot pub in Queen Square. The three-storey property, on
the corner of Whitechapel and Hood Street, has been empty since Christmas
2011 but it is set to be transformed into a retail and leisure complex. Passed by
thousands of people using the Queen Square bus station everyday, it is hoped
that the site will prove popular and work is expected start in the spring.
Doubletree at the Hilton - Liverpool’s new four-star Hilton hotel – housed in
one of the city’s finest historic buildings – is just months away from opening
and bosses have just announced Michelin-starred chef Jean-Christophe Novelli
will have a restaurant at the site.The Grade-II listed former Municipal Annexe,
at the corner of Dale Street and Sir Thomas Street, is being extensively
restored and is expected to be a show-stopping venue to add to Liverpool’s
hotel scene.
Lime Street - Developers Neptune are drawing up plans that would result in
large scale changes on Lime Street, with the landscape between The Vines
and The Crown are particularly expected to change dramatically. Last month
the company distanced itself from images showing student accommodation
and a hotel replacing historic facades, and said it hoped to keep the front of
the Futurist cinema, but expect more information to be revealed this year on
the plans for Lime Street. The image here is a "merely illustrative" design by Infinite 3D.
Castle Street - The listed Queen Building on Castle Street is undergoing a
huge renovation, with ongoing work obvious to anyone walking down this
busy street as the entrance remains hidden by hoardings. This year that
work is set to be complete with Tune Hotels becoming the latest hotel in the
city’s business district. The site will also see the arrival of popular
Argentinian-themed restaurant CAU.
Student development on Myrtle Street/Hope Street - If you travel into
the city down Myrtle Street it is impossible to miss the large scale student
accommodation construction site on the road’s junction with Hope Street.
The first in the UK to be built using bedrooms built abroad and shipped in
crates to be stacked up on top of each other on site, the scheme will see
more than 300 students accommodated in the building once it is complete.
More Student flats at Hatton Garden - At the other end of the city centre
is another large scale student accommodation development, costing £25m.
This 11-storey development will have 397 rooms, in addition to a student
bar, gym, parking and shops.There are lots of student developments in the
city, but the size of this project truly makes it stand out.
The Royal Hospital - On the outskirts of the city centre this is a project that
has a major impact on everyone in the city. Due for completion in 2017.
The new Royal is being built on the corner of West Derby Street and Low
Hill, behind the existing hospital, and will be an obvious change to
Liverpool’s skyline. Royal Court - The popular city centre theatre is undergoing renovation
work, the latest stage comprising changes to its entrance. The
refurbishment sees the extension of the building to fill the space currently
covered by a canopy which will allow the Box Office to be moved to the
front of the building. According to theatre chiefs the new entrance will be a
“striking addition” to the site while lifts are being added to all areas of the
theatre. A new basement venue will also be included.
7 The Strand - The last 19 Apartments comprising of 8 x studio apartments
and 11 x 1 Bedroom apartments located opposite the world famous Liver
buildings and 3 Graces. Heritage location. These apartments are within
walking distance for living, working, study, shopping, entertainment in the
city and Due for completion September 2016
Northpoint 70 - 90 Pall Mall - Unique new development comprising of 366
apartments in total within walking distance to Liverpool Central Station (10
minutes) and Liverpool Lime Street (12 minutes). Apartments available are
Studio apartments, 1 and 2 bedroom apartments, 2 and 3 bed duplex
apartments, penthouses. (Sizes from 285 - 1,728 square feet) This
development is due for completion Quarter 4 2017.
Wolstenholme Square - New developments of one bedroom apartments
over nine floors. Balconies and terraces are available. Due for completion
September 2017. This Development is centrally located next to Liverpool
one shopping centre, restaurants, bars etc and 0.3 miles from Liverpool
Central train station.
New China Town - At the heart of historic Chinese Quarter, Europe's oldest
Chinatown. Overlooked by the Anglican cathedral and within walking distance
to Liverpool Central Station (10 minutes) and Liverpool Lime Street (12
minutes). Apartments available: 3 Bedroom Town Houses, Studio apartments,
1 and 2 bedroom apartments, 2 and 3 bed duplex apartments. (Sizes from 306
- 1,363 square feet)
Norfolk Street, Baltic Triangle - Located in the heart of the Baltic Triangle
this exciting new residential scheme is the second development in the area for
The Elliot Group.The scheme will be completed in three phases with the first 2
comprising a total of 256 studios with twelve commercial units to the ground
floor. The first phase of 156 studios has already been sold off plan to investors
keen to invest in the Liverpool residential market. Construction of phase 1 & 2
is now on site with an anticipated completion of the first phase of the scheme
in August/September 2016.
Cains Brewery - Planning permission has now been granted for £150million
proposal to turn the former Cains Brewery site into a 1 million square ft mixed
use development including a hotel, cinema, supermarket, residential, bars,
restaurants and food market. Development partners are now being sought for
some of the elements of the scheme which will retain the grade 2 listed
brewery building and also include a 500 space car park and a micro- brewery.
Princes Reach - Liverpool Waters Moda Living - Situated in an improving
area of the city the proposed conversion of the former Princes Building into 35
luxury apartments promises to continue the regeneration of Dale Street. Whilst
the building had become well known for its music studio a redevelopment was
always likely as the building was under-utilised. The proposed apartments are
now being sold and will include a variety of studios, one and two bed layouts
with a café/restaurant to the ground floor. The developers are now on site.
City Centre / Docklands - L1, L2, L3 - Penthouse / Luxury Apartment Comparables
Strand Plaza, Liverpool
Prime site are refurbishing the
redundant office buildings valued by
the Ministry of Defence. It will
comprise of 122 apartments (Mix of
1,2,3 bed units and benefits from
panoramic views across the three
graces to the river.
Apt.
Flr
Bedroom
Size
sq’
Price
Sold /
Available
Price
per sq
ft. £
103
1
2
666
£194403
Quarter 2
2016
293
403
4
2
666
£204,903
Quarter 2
2016
308
503
5
2
666
£209,930
Quarter 2
2016
315
603
6
2
666
£214,903
Quarter 2
2016
323
702
7
2
715
£228,301
Quarter 2
2016
319
802
8
2
627
£229,382
Quarter 2
2016
366
Rental
Value p.m.
% Gross
Yield
7 The Strand, Liverpool L2 0PP
The conversion of former 12 storey office
building views across the three graces to the
river and North Wales. Seven capital and first
development in Liverpool. All apartments are
now sold.
Apt.
Flr
Bedroom
Size
sq’
Price
Sold /
Available
Price
per sq
ft. £
801
8
Studio
332
£98,950
Under Offer
298
505
5
1
442
£130,950
Under Offer
296
Rental
Value p.m.
% Gross
Yield
The Colonnades, Liverpool L3 4AB
Situated at the famous Albert Dock and part of the Liverpool
Waterfront world heritage site, this group of grade 1 listed
buildings - “The Colonnades” is a prestigious address in the
North of England. It comprises of 115 Luxury apartments which
are all owner occupied in which sub letting is strictly prohibited.
Stanley Dock with its three warehouses, pump house, the newly
refurbished Titanic Hotel will be more than comparable to the
Colonnades when completed.
Apt.
Flr
Bedroom
Size
sq’
Price
Sold /
Available
Price
per sq
ft. £
Rental
Value p.m.
331
3
1500
£425,000
Available
283
n/a
422
3
1800
£525,000
Sold 6/8/14
291
n/a
432
3
1487
£490,000
Sold
21/11/14
329
n/a
418
3
1388
£459,000
Sold 1/1/15
335
n/a
2
2368
£600,000
Under Offer
August 2016
253
% Gross
Yield
West Tower, Liverpool, 8 Brooke Street, L3 9PJ
West Tower which was built by Corillion in 2008, contains
127 apartments over 40 floors. At 140 metres in height, it
is Liverpool’s tallest building. The 34th floor houses the
UK’s highest restaurant - “The Panoramic”
Apt.
3502
Flr
-
Bedroom
Size
sq’
3 Penthouse
1860
Price
£675,000
Sold /
Available
Sold 17/4/15
Price
per sq
ft. £
363
Rental
Value p.m.
3000
% Gross
Yield
5.3
Beetham Tower, 111, Old Hall Street Liverpool, L3 9BE
Beetham Tower was also Built by Corillion
and was completed in 2004. It is 90 metres
in height, with 29 floors and is adjacent to
the Radisson Blu Hotel. Located alongside
the River Mersey, it has views as far as the
Welsh mountains from the upper floors.
Apt.
2701
Flr
Penthouse
Bedroom
3
Size
sq’
2500
Price
£875,000
Sold /
Available
Available
Price
per sq
ft. £
350
Rental
Value p.m. £
5000
% Gross
Yield
6.8
Mann Island, Liverpool, L3 1ER
Located between the Three Graces and Albert
Dock, Mann Island is the fourth Grace built in
2011, which is 50 metres tall and consists of 376
apartments over 13 storeys.
Apt.
Flr /
building
Bedroom
Size
sq’
Price
Sold /
Available
Price
per sq
ft. £
614
11
3
1100
£320,000
Under Offer
290
905
15
2
700
£299,950
Sold 8/7/14
428
802
15
2
591
£372,500
Sold June
2014
630
Rental
Value p.m. £
1750
% Gross
Yield
6.5
One Park West, Liverpool, L1, 3DF
This is a 17 Storey building in central
Liverpool, which was built in 2009 and is 52
metres tall. A £920m re -development by the
duke of Westminister’s Grosvenor Group. It
consists of 326 apartments, offices,
restaurants, cafes and parking.
Apt.
Flr /
Building
Bedroom
Size
sq’
Price
Sold /
Available
Price
per sq
ft. £
Rental
Value p.m. £
% Gross
Yield
504
31 The
Strand
2
750
£220,000
Available
293
1200
6.5
306
31 The
Strand
3
1250
£395,000
Available
316
2000
6.0
C504
Kenyon
Steps
3
800
Not For
Sale
Not For Sale
-
2500
Beetham Plaza, The Strand, Liverpool, L2 0XJ
A total of 45 Apartments built around 2000.
Apt.
Flr
Bedroom
702
704
Penthouse
3
Size
sq’
Price
Sold /
Available
Price
per sq
ft. £
Rental
Value p.m. £
% Gross
Yield
2
1500
£450,000
Available
300
2250
6.0
2
2100
£600,000
Sold 23/2/09
285
3000
6.0
Waterloo Warehouse, Waterloo Road, Liverpool, L3 0BG
Originally the corn warehouse at East
Waterloo, the 6 Storey Eastern block - ( one
of three ) that wasn’t demolished was
converted into flats in 1990.
Apt.
106
Flr
-
Bedroom
3
Size
sq’
1290
Price
£380,000
Sold /
Available
Sold / May
2015
Price
per sq
ft. £
294
Rental
Value p.m. £
2000
% Gross
Yield
6.3
Princes Dock, Liverpool, L3 1DZ
Princes Dock Connects to Princes Half Tide
Dock. Within the World Heritage site, it
consists of three blocks of office
accommodation and two residential towers
along the waterfront.
Apt.
104
Flr
1
Bedroom
2
Size
sq’
1200
Price
£350,000
Sold /
Available
Available
Price
per sq
ft. £
291
Rental
Value p.m. £
1900
% Gross
Yield
6.5
Unity Building, 3 Rumford Place, L3 9BW
This 86 Meter building was built in 2007. It
contains 161 apartments and 15,000 sq.ft. of
offices.
Apt.
162
Flr
-
Bedroom
3
Size
sq’
3500
Price
£1040,000
Sold /
Available
Sold /
10/10/14
Price
per sq
ft. £
297
Rental
Value p.m. £
5000
% Gross
Yield
5.7
Why is Stanley Dock and the Tobacco Warehouse Unique?
✦ Grade 2 listed building and the worlds largest brick built warehouse
✦ The Tobacco Warehouse will represent the ultimate in Waterfront apartment living
✦ Unesco World heritage status
✦ Accessible location on the edge of the city
✦ Historic walled development on the waterfront
✦ Navigable waterway within the marina - the Liverpool / Leeds canal
✦ Landmark building in Liverpool
The launch of the new multi-million pound Titanic hotel in July 2014 heralds the springboard for the
re-birth of the historic dock. This waterfront area is the next big opportunity for Liverpool with its
fantastic historic warehouses, water spaces and navigable water ways.
Stanley Dock, Liverpool
The Location
• Stanley Dock is situated approximately 1.25 miles north of Liverpool City Centre. It occupies a
rectangular shaped site and has prominent frontage to the main commuter routes running north
from Liverpool City Centre comprising Regent Road ( A5036 ) and Great Howard Street ( A565 ).
• It Is located within a quarter of a mile from the Merseyrail Northern line, with the nearest station
being Sandhills, approximately half a mile (1 Km) north east of the property. A new station is
planned to be built in close proximity in the future
• Stanley Dock is an important landmark and key heritage asset, forming an important part of the
world heritage site which defines this area of the City.
Stanley Dock Description
The Dock Comprises of Victorian dock tide warehousing, in 4 principle buildings occupying a total gross
internal area of approximately 2 million Sq.ft, as follows
North Warehouse, Titanic Hotel - 130,000 Sq.ft.
Rum Warehouse, Conference Centre - 36,900 Sq.ft.
Tobacco Warehouse - 1,388,000 Sq.ft
South Warehouse - 200,000 Sq.ft
Titanic Hotel And Conference Centre (North Warehouse)
Completed in 1846 it extends to basement and 5 upper floors and is of traditional block construction.
Phase 1 has seen the warehouse converted into 153 room luxury hotel with a restaurant and a bar at
ground floor level. A spa and gym are located in the basement.
(Your Move Award and RICS (runner up) Highly recommended Regeneration Awards
The adjoining Rum Warehouse has been converted into a Conference and Exhibition facility with seating
for over 1,560 delegates over 2 floors.
Tobacco Warehouse
This building was constructed in 1900 and it extends to 13 storeys, with each individual floor plate
comprising 99,000 Sq.ft. Overall it extends to the equivalent of 32 acres on the flat and is thought to be
the worlds largest brick warehouse.
The plans are to provide for 503 Luxury dual-aspect, duplex apartments, ranging in size from 970 - 1,830
Sq.ft, along with 5,550 Sq.m of retail/leisure/exhibition/office space.
The apartments are to be launched in late 2016.
South Warehouse
Situated south of the Tobacco Warehouse, it has been subject
to several additions during the 20th Century. It is of brick
construction with solid floors throughout. Plans are in place to
convert the building into 248 Aparthotel/Hotel Suite
Apartments, with 3,960 Sq.m of commercial space at ground
floor level. The building itself is very similar to the North
Warehouse in terms of design and construction.
Surrounding Area
Surrounding Develops: Liverpool Waters, Plans are well advanced to regenerate 148 acres of the
surrounding historic docklands site along the River Mersey into a world class, high quality mixed use
waterfront quarter. The aim is to deliver 1.32 billion Sq.ft. This will help propel the area into the 21st
century while retaining the 19th and 20th century heritage of the area.
CGI - Internal Courtyard, Tobacco Warehouse
CGI - Apartment Living room - Tobacco Warehouse
Proposed Phasing of Tobacco Warehouse and Timescales
Phasing of the Tobacco Warehouse will start as follows :
Phase 1 : West bays - Commencement expected end 2016.
Phase 2 : Centre bays 9-12 months later - completion expected end 2017
Phase 3 : East bays 9-12 months later again. - completion expected end 2018.
Phase 1
Phase 2
West Bays - Summary
Centre Bays - Summary
Total Units
181
Total Units
144
Total Floor Area
238,315
Total Floor Area
180,577
(Average Unit
Size)
1,317
(Average Unit
Size)
1,254
Total Sale Price
£72,051,485
Total Sale Price
£56,609,083
Average price pu
£398,074
Average price pu
£393,118
Average rate psf
£302
Average rate psf
£313.49
West 3 Commercial#
Ground Floor
Sq.ft.
19,375
Phase 3
Centre 2 Commercial# Sq.ft.
Ground Floor#
18,837
Summary
It is conservatively predicted that the square foot values will continue to increase by approximately 5%
per annum. Rental values are predicted to achieve in the region of £20 per Sq.ft.
East Bays - Summary
Summary - Total Development
Total Units
178
Total Units
503
Total Floor Area
238,853
Total Floor Area
657,745
(Average Unit
Size)
1,342
(Average Unit
Size)
1,308
Total Sale Price
£78,319,898
Total Sale Price
£206,980,466
Average price pu
£439,999
Average price pu
£411,491
Average rate psf
£327.90
Average rate psf
£314.68
East Commercial#
Ground Floor#
Sq.ft.
21,528
Total Commercial#
Ground Floor#
Sq.ft.
59,740
Commercial Space – Tobacco Warehouse
The Tobacco Warehouse, once completed, is due to contain approx. 60,000 sq.ft. of space at ground
floor level. This space will comprise flexible floor plates, which can be split to suit occupiers
requirements. This space will be provided in the following phases.
Phase 1 - West Bays - 19,375 Sq.Ft.
Phase 2 - Centre Bays - 18,837 Sq.Ft.
Phase 3 - East Bays - 21,528 Sq.Ft.
It is envisaged that this space would be occupied by a mixture of retail, leisure, tourist and other
commercial occupiers, in order to create a vibrant mixed use development. Many occupiers,
particularly restaurant and other leisure users, would likely be attracted to the site due to its
waterfront position, with direct access onto the dockside available from many of the units. The fact
that 503 apartments are due to be built overhead will be a great draw to commercial occupiers. Equally the existence of these conveniently located commercial occupiers, should boost demand
from residential occupiers and therefore increase potential residential values.
Logic Estates
Straight Forward Sales and Lettings
Logic was formed from the partners extensive knowledge gathered over more than 42 years combined
working experience in traditional estate agency and financial services. The best elements and practices
from the most successful estate agencies around the country have been put into place to ensure your
property achieves maximum value swiftly and effectively. Use Logic - Why wouldn’t you?
Logic embrace change and are constantly challenging tradition because we have a strong desire to
improve the way our industry operates. We do business differently to give you the edge. This approach
has rapidly established Logic as one of the North West’s fastest growing independent estate agents,
with further branches in the pipeline.
Logic Estates has definitely emerged as one of the market leading estate agents in Liverpool, having
been established for over 7 years, and has continued to receive national awards from the Sunday Times
- Estate Agency Awards and the ESTAS - Estate Agency Awards, demonstrating its commitment to high
standards and innovative marketing.
Recognition from both industry property professionals within the Sunday Times and Logic Estates
buyers and sellers endorsements of their excellent service, has resulted in these national and regional
accolades.
Selling
• Market Leading Fees
• Fully Trained Motivated Staff
• No Sale No Pay
• No Tie In Period
• Extensive Advertising and Marketing
• Independent Mortgage Advice
• High Online Visibility
• Accompanied Viewings
Nick Goldsworthy
Co - Owner
Letting
• Market Leading Fees
• Property Managed By a Dedicated Team of
Professional Landlords
• Fully Referenced Tenants
• Tenant Find Only or Full Property Management
• 24 Hour Landlord Account Access
• Rent Guarantees
• Premier Advertising and Marketing
• High Online Visibility
• Accompanied Viewings
Co-Owners of Logic, Nick Goldsworthy and
Andy Ferguson, have over 42 years
combined working experience in the property
industry. Many of those years have been
spent in Liverpool, acting for some of the
region’s largest landlords and property
professionals, such as Bellway, Urban
Splash and Harcourt etc. Many major clients
continue to consult us on residential
developments, sales, investment and
converting commercial buildings back to
residential use.
Andy Ferguson
Co - Owner
12 National Awards In 3 Years!
Sarah Hamilton & Rachael Perrett, ESTA’S 2016 North West Winner
Some of the Logic Team with Phil Spencer, ESTA’S 2016
No other Estate Agent in Liverpool has rivalled Logic Estates achievements, by winning 12 National Awards in a
3 year period. Logic continues to win National Awards recognised by “The Sunday Times Awards” and “Estas”
accolade year in, year out. Logic were also recognised by Rightmove as being the most responsive Estate Agent
in the UK to enquires. Listed below are those achievements:!
!
!
Sunday Times Awards :!
- Gold Winner - Best Northern Estate Agent 2013!
- Silver Winner - Best Northern Estate Agent 2014!
- Silver Winner - Best Northern Estate Agent 2015!
!
!
ESTA’s Estate Agent Awards :!
-
Best Estate Agent in the UK 2014 - Gold Grand Prix Winner!
Gold Winner for Best North West Estate Agent 2014!
Winner for Best Merseyside Estate Agent 2014 - Best in the County!
Best Estate Agent in the UK 2015 - Bronze Grand Prix Winner!
Winner for Best Merseyside Estate Agent 2015!
Winner for the Best Merseyside Estate Agent 2016!
!
!
!
Rightmove Mystery Shop :!
- Fastest Estate Agent Nationally for Speed and Response To Customer Enquiries!
“Logic Estates achievement to date is remarkable for a single office operation which is competing against much
larger agencies. It enjoys the market share and this is growing all the time. Much of this growth can be directly
attributed to the consistent service levels and the accuracy of their valuations. Logic will achieve a high percent
of asking price for your property”.!
Regulated By RICS
97 South Road. Liverpool. L22 0LR | logicestates.co.uk | 0151 920 2404
Regulated By RICS

August 2016 - Logic Estates

Transcription

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