* A new buy to let investment opportunity has arisen in the New Chinatown Liverpool development set in the heart of the City Centre.
New Chinatown Liverpool is one of the most important and exciting development projects in the UK today, creating symbolic significance for the UK’s growing number of Chinese investors. The development resonates with Liverpool because the city has one of the oldest and vastest Chinese community in the UK, and the number of tourists from China and the Middle East beginning to visit the city is predicted to grow by 26.2% to 1.2bn in 2017.
The aim is to regenerate the lively but declining area that sits near to Liverpool’s historic Chinese Quarter, and is a stone’s throw away from the Baltic Triangle. The Baltic Triangle is possibly one of Liverpool’s most exciting areas, boasting a wealth of creative businesses and a buzzing nightlife with late night garage raves, music venues and event spaces. Residents will be able to enjoy the vibrancy of the surrounding area, and New Chinatown’s luxurious environment. The development promises high end living, with an awe-inspiring rooftop bar and luxury spa, and will be designed on modern Chinese architecture and traditional philosophy.
The first three phases of the New Chinatown Liverpool development project will include the construction of a six storey mixed-use building that will consist of 115 apartments, six townhouses, parking, a public events area and commercial units. Phase two and three will see construction of a further 675 apartments, a hotel, restaurant and gym.
New Chinatown Liverpool will be one of the most desirable neighbourhoods in the North West!
New Chinatown Liverpool is located within the L1 postcode of the City. Property prices in L1 post code are skyrocketing, and have increased by 41 per cent over the year. Yet, homes in the area still remain affordable for now, with the average property in the area costing around £120,000. Investors should take advantage of the relatively low property prices in L1 now before they continue their upward trend.