Nineteen Keel Wharf
Contents
03
11
The Development
The Area
04
12
The Accommodation
The Neighbourhood
05
13
The Investment
The Developer
07
14
The Layout
The Process
10
15
The Location
Further Reading
The Development
Affordable luxury on Liverpool’s iconic waterfront Whether in the city for a relaxing break, business trip or just enjoying some quality time with friends or family, Nineteen Keel Wharf is the perfect place to stay. Located at King’s Dock along Liverpool’s stunning UNESCO World Heritage waterfront area, Nineteen Keel Wharf is a collection of contemporary apartments designed to appeal to both business and leisure visitors looking for high quality serviced apartments. This type of accommodation is an increasingly popular choice amongst guests who demand more privacy, flexibility and space than a standard hotel room. With its great location, fantastic views and all the comforts of home, Nineteen Keel Wharf offers first-class serviced apartments in the city. The apartments are ideally situated between the M&S Bank Arena, the BT Convention Centre and Royal Albert Dock where visitors can enjoy a variety of events, museums, waterside tours as well as shops, bars and restaurants. Nineteen Keel Wharf is conveniently located just a few minutes’ walks to Liverpool city centre giving easy access to all the city has to offer, including excellent shopping, dining, exciting nightlife and a thriving business district.
The Accommodation
Rising demand for space and flexibility
“Many of today's travellers want to stay somewhere where they tend to have more space and greater independence than in traditional hotels� Eva Chan Vice President of JLL Hotels and Hospitality
Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities will include a 24-hour reception with secure luggage storage, an on-site cafe for residents and parking. Serviced accommodation is one of the fastest growing sectors within the hospitality industry. Demand is driven by the desire for a home from home experience in a more spacious environment, similar to the successful Airbnb model. The investment potential 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 15%-20%, based on 60% occupancy levels and investors are expected to double their returns in comparison to a standard traditional long term let. The two key factors for a successful short term rental property are simple - great location coupled with professional management. A management company will promote the property via the appropriate marketing channels to achieve maximum occupancy and implement the highest standards of maintenance to ensure that guests enjoy their stay, leave favourable reviews and return again in the future.
The Investment
Nineteen Keel Wharf offers an extremely versatile investment
Completion
March 2020 Prices from
ÂŁ164,450 Returns up to
13% NET
Low-risk refurbishment project Fully managed Income generating asset Desirable waterfront location Experienced developer Rare opportunity
Once purchased, the apartments retain a residential title which allows them to be used for short term lettings. Owners have the flexibility to use the property themselves or let it out. Specialist short term letting services are available from SkyLet™. Alternatively, owners have the option to engage a management company |of their choice. Should an owner decide to sell, these apartments are likely to be a sought after asset due to the excellent ROI’s and ever-increasing demand for serviced accommodation.
The Investment
ROI example
Month
Innovative lettings management for effortless income
Estimated Return
(NET-based on 60% occupancy)
January £1,531 February £1,464 March £1,891 April £2,457 May £2,087 June £2,134 July £2,083 August £2,688 September £2,012 October £2,134 November £2,177 December £2,342
Total £25,000 Apartment owners at Nineteen Keel Wharf can make the most of their investment by using SkyLet who offer a full lettings management service. SkyLet will market the property to short term tenants who are typically looking for one day to two-week stays. SkyLet can organise all aspects of the apartment set-up, including furnishing packages, arrange professional photography and take care of all the paperwork needed to start letting. The SkyLet team handle all bookings, manage holding deposits, handover of keys and cleaning services between occupancies. With SkyLet, it couldn’t be easier. Purchase price
Service charge
Client cash input £49,920
Ground rent per annum
Reservation deposit
SkyLet fee
Balance of cash input
Annual NET yield
£199,680
(25% on exchange) £2,500
£47,420
£1.77 per SqFt
£300 12% 13%
The Layout
Floor Plans Example full floor
Room Type 1
Room Type 2
The Layout
Versatile living with space to entertain
Floor-to-ceiling windows which offer stunning waterfront and city views
Spacious living areas with neutral decor and floor-to-ceiling windows which offer stunning waterfront and city views. Technology ready with internet connections fitted as standard.
Contemporary fully-fitted kitchens with premium appliances and spacious entertaining areas.
The Layout
Relax and unwind in luxury
Light filled and comfortable bedrooms create a calm and peaceful place to rest and recharge. Luxurious ensuite bathrooms and wet rooms with the highest quality fittings.
The Location
One of the best cities in the UK for buy-to-let investment
Liverpool is a world-class, rapidly transforming, city, offering unmissable property investment opportunities. In the past five years, property prices in Liverpool have increased by 22% (source: Zoopla), far outweighing the UK national average. Professional services and investment management company JLL have predicted that rental valuations in the city are due to increase by 17.6% by 2022, whilst property values are expected to increase by 19.3% during the same period. Additionally, a survey of 580,000 properties across the UK conducted by TotallyMoney in 2018 found Liverpool to have two postcodes in the top five areas for rental returns. The accountancy firm PWC have also reported that hotels and serviced accommodation saw 3.9% growth in occupancy rates in Liverpool during 2018.
Rental value increase by 2020
Property value increase by 2020
Occupancy increase growth in 2018
17.6%
19.3%
3.9%
The Area
Cultural hotspot with a fast-growing economy
Liverpool’s rich culture and heritage make the city a booming tourist destination. The waterfront area plays a key part in the city’s cultural offering with its iconic docks, the impressive Royal Liver Building and The M&S Bank Arena which hosts live music, exhibitions and events. Liverpool is a former European Capital of Culture, further highlighting the vast array of attractions which draw visitors to this exciting city. For sports fans, there are two historic football clubs; Liverpool and Everton which attract large numbers of fans every year. And let’s not forget The Cavern Club, the spiritual home of The Beatles! Liverpool’s docks are currently at the centre of a £5 billion, 20-hectare regeneration project being undertaken by the Peel Group, who are the masterminds behind the highly successful Media City development at Salford Quays in Manchester. This extensive transformation of the area will encompass five new neighbourhoods, hotels and a new football stadium at Bramley Moore Dock for Everton FC. In addition, a new cruise terminal at Princes Dock will welcome the world’s biggest cruise ships, allowing the city to further capitalise on increased footfall from the current 100,000 cruise passengers who visit each year.
Liverpool’s docks are currently at the centre of a £5 billion, 20-hectare regeneration project being undertaken by the Peel Group.
The Neighbourhood
Perfectly situated to enjoy the best of the city
Popular Destinations
M&S Bank Arena Liverpool
0.1 miles
Liverpool Exhibition Centre
0.1 miles
The Beatles Story
0.2 miles
Liverpool ONE shopping centre
0.3 miles
Royal Albert Dock
0.3 miles
Tate Gallery Liverpool
0.4 miles
Cruise Terminal
0.6 miles
Royal Liver Building
0.7 miles
Anfield Football Stadium
2.6 miles
Aintree Racecourse
5.9 miles
Nineteen Keel Wharf is located in an enviable position within touching distance of both the Liverpool M&S Bank Arena and Liverpool Exhibition Centre which are collectively hosting 143 events in 2019. The apartments are within easy reach of all the attractions that Liverpool city centre has to offer. In addition, great sporting events such as LiverpoolFC football matches and the world famous Grand National race held at Aintree racecourse creates substantial demand for accommodation in the area.
Nineteen Keel Wharf 0.1m
0.2m
0.3m
0.4m
The Process
How you can invest today
Our simple process in broken down into three easy clear steps.
Step 1
Step 3
Pay £2,500 reservation deposit
Completion
A £2,500 reservation deposit will secure the apartment. Investors should expect to exchange 28 days later.
Step 2 Exchange Contracts 25% of the full purchase price is due upon exchange of contracts, minus the £2,500 reservation deposit.
Once contracts have been exchanged, investors will wait until the refurbishment is finalised (March 2020) before completion
Further Information
Further Information
FAQ
Additional reading
Is there a lettings management company in place?
What is the address of the development?
Recent articles related to Nineteen Keel Wharf
Is there a refurbishment programme in place?Yes,
Are there any restrictions if I want to sell?
No.
Designs released for planned new Liverpool cruise terminal
Read More >
What is the expected completion date?
Is there a recommended buyer’s solicitor?
Tourism figures continue to grow
Read More >
What types of apartment are available?
Figures show Liverpool City Region’s visitor economy is now worth over £4.5bn
Read More >
Can I live/stay in the apartment myself?
How serviced apartments are turning into modern traveller needs
Read More >
Are the apartments currently in use?
Cultural events generate more than £85 million for Liverpool economy
Read More >
This astonishing list of hotels being built in Liverpool proves city tourism is booming
Read More >
Tourism data summary
Read More >
Visitor economy continues to fuel Liverpool
Read More >
Yes, SkyLet (see page X of this brochure). all apartments are being refurbished. March 2020.
What is the ground rent and service charge?
Ground Rent is £300 Per Annum, Service Charge is £1.77 per SqFt.
Are the apartments being sold as leasehold or freehold?
250 year leasehold.
Nineteen Keel Wharf, Liverpool, L3 4FP.
Yes: Silver Shemmings LLP. www.silverllp.com 2 Bedroom, 2 Bathroom (Ensuite) Apartments. Yes.
Is there an opportunity to purchase the freehold?
No
They are currently being used for short term letting. On 31/7/2019 the entire block will be closed to commence refurbishment works.
Is stamp duty applicable?
Can I let the accommodation myself?
Are the apartments mortgageable?
Are there any additional purchase costs?
Yes.
Yes, all are mortgageable and hold a residential title.
Yes. No.
What does the Lettings Management Company charge?
SkyLet charge 12% + VAT of the rental income.
We make no representation or warranty of any kind with regard to the information contained in this brochure and none of the information shall be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before making the decision to invest. Any opinions expressed in this document are not statement of facts.