Overview

Bishop Square
  • Status Off Plan
  • Area Up to 62 m2
  • Location Liverpool
  • Type Residential
  • Projected YieldUp to 10% Net
  • Lease250 Years
  • Price From£91,000
Stunning Rooftop Terrace and Balconies With City Views

Bishop Square, Liverpool

- Below Market Value | Luxury Apartments From £91,000

- Short Term Let Approved | Projected 8-10% Net Income

- Studio, 1 and 2 Beds Available Now | Deposit Protection

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Why Invest In Bishop Square?

Bishop Square will provide a new contemporary living space for the ever increasing young, professional and residential community in Liverpool city centre. The prestigious development comprises a mixture of 1 bedroom, 2 bedroom and studio apartments surrounding a centralised landscaped garden with seating and social areas.

Overall, the development is made up of 105 luxury residential apartments in Liverpool City Centre. It is a future landmark residential development on the edge of Princes Dock.

In comparison to like-for-like new build apartments in Liverpool,  Bishop Square is structured to be 10-20% below market value. This means investors have a fantastic opportunity to lock in an attractive price today and benefit from significant growth during the construction period, ensuring an optimum return-on-investment.

Investors will have the opportunity to operate a short-term let model at Bishop Square, which many development structures do not allow. This means investors can almost double their rental income with projected yields of 8- 10% after costs, which ensures strong cash flow as well as making the property more attractive for future buyers.

According to research from Portico Host, published on Landlord Today, Liverpool has 8 of the top 10 performing short-let postcodes across Manchester and Liverpool, quoting gross yields of up to 27.2% in some cases.

We always want to ensure our clients are investing in secure and safe opportunities. 

Bishop Square only requires a 30% deposit, which is fully protected through the building warranty and deposit protection bond – giving you peace of mind.

More impressively, the deposit will start to work for investors immediately; interest will accrue at a 3% per annum rate during the construction period.

Bishop Square is located on Blackstock Street in Liverpool’s L3 postcode. The development is a short stroll to both the city centre and the new £5.5bn master scheme Liverpool Waters, which comes from the same team involved in the MediaCityUK build in Manchester. Any investors with knowledge of the Manchester property market will know the hugely positive effect MediaCity had on local property prices.

The development truly has the wow factor with multiple, stunning rooftop terraces providing incredible views across Liverpool.

Strong tenant demand is expected for units with large balconies, whilst there are also Juliette balconies available with many of the apartments.

The 24/7 onsite concierge will provide a level of security for tenants along with adding first class customer service. Investors can also purchase car parking spaces.

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Regional Property Value Forecast
Savills - 2020 - 2025
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City Rental Value Forecast
JLL - 2020 - 2025
overview

Serviced Accommodation

Serviced accommodation is one of the fastest growing sectors within the short-term let sector. Demand is driven by the desire for a ‘home away from home’ experience in a more spacious environment, similar to the successful Airbnb concept.

The opportunity for savvy investors in this sector is undeniable. The returns generated from a serviced apartment let on a short-term basis far outweigh those of a traditional buy-to-let purchase in the same location. Earnings average between 30% to 35% based on 75% occupancy levels and investors are expected to double their returns in comparison to a standard traditional long-term let.

Bishop Square Terrace

The Location

Address

Bishop Square, Blackstock Street, Liverpool L3 6EP

All on your doorstep

The world renowned Liverpool City Centre is literally on the doorstep. Just ten minutes walk will take residents into Liverpool’s bustling shopping district – boasting Selfridges, Harvey Nichols, the famous and stylish Royal Albert Dock and the sophisticated ambience of Liverpool One.

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Bishop Square Living Area
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Liverpool Waters

Regeneration

Bishop Square is located very close to the new highly anticipated master-plan, Liverpool Waters. As investors we look for regeneration, employment and general attractions in a location – these are what we call investment fundamentals.

Bishop Square ticks all the boxes in that sense.

“The project will transform the city’s northern docks, regenerating a 60-hectare site to create a world-class, mixed-use waterfront quarter in central Liverpool. Together with Wirral Waters on the West bank of the Mersey, the project will significantly benefit the structure and economy of Liverpool City Region”
liverpoolwaters.co.uk

Frequently Asked Questions

Below you can find a range of common questions from previous investors. If you require specific details and advice please do not hesitate to contact us today on +44(0)203 627 3987 or via [email protected] 

Put simply, investors will use a specialist management company who will manage the property on your behalf.

Instead of letting the property to one tenant for 12 months, the apartment will be advertised on sites such as Booking.com and AirBnb to visitors who will pay a premium for a shorter term stay. Even on a lower occupancy rate the overall return for the year will likely be significantly higher than a traditional tenancy agreement.

Yes, the legal ownership structure is the same for UK and overseas investors.

Around half of our buyers are from overseas with a big portion from the Middle and Far East. We can assist with the entire investment process and we charge no fees for our service.

Yes, we can introduce buyers to mortgage brokers at the relevant time, both UK and overseas buyers.

Practical completion is projected for Q3 2022.

Due to the heavily discounted pricing, the interest on deposits and the deposit protection, Bishop Square gives investors the chance to lock in today’s price in a secure structure whilst benefiting from profits realised during the construction period.

We charge no sourcing or administration fees, your costs will be the usual legal fees and furniture pack costs along with a car parking space if required.

Bishop Square Bedroom
directors insight

What does our founder, Nick, think of Bishop Square?

“Liverpool is one of the most in-demand residential investment locations in the UK, we receive a significant level of interest for quality city-centre apartments in Liverpool, so Bishop Square will help us meet this demand. In fact, I expect the development will exceed investor’s expectations given the deal on offer.

Quality one bedroom apartments from £117,000, a genuinely below market value offering, the ability to operate a serviced accommodation model, almost double traditional rental yields, and all done through a secure structure due to the deposit protection. Then add in the “wow” factor of the development itself, I’m sure the rooftop terrace with skyline views across Liverpool will really differentiate the apartments and make it a favourite amongst tenants. 

I expect Bishop Square to be up there with the fastest selling schemes in Liverpool of recent times”.

Nick Hyland, Founder & Director

Contact Us

 Our role is to advise, educate and present the most suitable property opportunities to investors. If you would like to discuss your options with the team you can call us on +44(0)203 627 3987, email us on [email protected] or send us a message below.

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Track Capital is designed to help new and experienced property investors navigate the market by providing unique investments, free of charge.

Company No: 11053957. TPO Membership: T02475. Track Capital is not authorised or regulated by the Financial Conduct Authority, we recommend investors seek advice from a qualified professional. Images are for marketing purposes/illustration only.