* A fantastic opportunity has emerged to invest in luxury apartments in Toxteth Liverpool, close to the city centre. Coleman’s Fire Depository lies on the fringes of Liverpool’s eclectic Baltic Triangle, and is less than a mile away from the city centre, so residents will be able to easily enjoy all that Liverpool has to offer.
The refurbishment will retain the unique characteristics of the building, including the rustic red brick façade, but inside it will be furnished to a high specification. Coleman’s Fire Depository boasts excellent views over Liverpool’s skyline, and the original building enjoys high ceilings and an industrial feel, perfect for the young professional who wants to enjoy luxury, loft-style living.
Toxteth is undergoing £ 45 million worth of regeneration; mainly focussing on getting more businesses to invest in the area and job creation. Leading retailer Tesco’s has recently opened a new superstore in the area, and with it, 200 jobs are expected to be created. Not only does the opening of the store promise more opportunity to Toxteth’s community, but the superstore has also pledged and investment of £600,000 as part of the planning agreement, to regenerate the surrounding area.
Other projects to regenerate Toxteth have won national coverage and awards. For example, in 2015, Assemble won the Turner Prize in 2015 for their regeneration project in Toxteth. Assemble is a group of young artists and architects, who worked alongside local residents to regenerate 10 derelict houses in the Granby Four Streets area of Toxteth. The project used low-cost materials and demolition waste to refurbish the houses.
This inward investment is very exciting news!
Liverpool is home to 252,000 businesses and is the UK’s second largest regional economy outside of London, with a worth of over £121 billion. Liverpool buy to let investments are considered financially sound, due to the relatively low property prices compared to the high demand for property in the city and subsequently the high rental yields that can be achieved.