Description

The Residence at 8 Water Street, consists of 96 individual residential units split into 1 bedroom and 2 bedroomapartments. Outside spaces are available to residents on the second and fifth floor in the form of a modern roof garden providing stunning rooftop views of the city.

Redevelopment works include a complete overhaul of the building’s façade, the installation of feature lighting throughout and, subject to planning, the addition of two further floors. The building will retain its unique porthole styling in line with the architect’s original contemporary and minimalist vision.

The development is perfectly suited for tenants looking to live in the city’s thriving business district whilst benefiting from close proximity to the historic waterfront, Liverpool One shopping centre, some of the city’s best bars and restaurants and most importantly, the city’s biggest multinational employers.

The development offers the best high-end accommodation in the area along with a fantastic location, thereby appealing to tenants who are looking for quality apartments and are willing to pay for it. Based on the city’s strong demand for private rented accommodation we anticipate extremely high demand from culturally-aware young professionals in the city centre.

Now with up to 65% mortgage options:

8 Water Street - Mortgage Option 1

• No rent assurance permitted
• Max of 65% LTV, only available on units over £150,000
• Mortgage balance above 50% returned on completion
• Fixed tracker from 3.4% for 2 years (3.8% above 60% LTV)
• Lender arrangement fee: 1% of loan amount

8 Water Street - Mortgage Option 2

• Can be bought with rent assurance
• Minimum loan of £100,000, maximum LTV of 50%
• Lifetime tracker rate of 3.04% (BBR + 2.79%)
• £1895 lender arrangement fee
• Mandatory current account + 3 months’ repayments

Based on 5% growth per year in rent & prices:

-          1 bed - Cash - Funds Required: £130,458, ROI estimated at 58% (9.7% per year)

-          1 bed – 50% LTV - Funds Required: £71,096, ROI estimated at 77% (12.8% per year)

-          2 bed – 60% LTV - Funds Required: £73,683, ROI estimated 90% (15.0% per year)

-          2 bed – 65% LTV - Funds Required: £66,026, R­­­­OI estimated at 96% (15.9% per year)

Minimum investment only £66,000

ROI estimated up to 15.9% per year