Liverpool is home to a cruise terminal and the Liverpool John Lennon Airport, additionally with the return of the Liverpool – North Wales cruise this summer it is unsurprising that the city needs to accommodate a considerable number of overnight guests. The city has a booming tourism industry and welcomes around 54m day visitors annually, with the number of staying visitors rising to 4.8m. With those figures in mind, it is worth noting that these guests will be looking for well-located, modern rooms.
Sir Thomas House is perfectly suited to overnight guests as it enjoys a central location close to the city’s nightlife, shopping district and transport links; allowing visitors to enjoy the city and continue their onward journey with ease. It is also appealing to those going out in the city on a hen / stag party, due to its proximity to Liverpool’s bars and clubs. In short visitors will always demand rooms in Sir Thomas due to its superior location. Similar hotels close by include the Signature Living Hotel, which always receives positive feedback from guests with regards to its location.
Sir Thomas House – The Building
Sir Thomas House is a beautiful period conversion building that has retained some of its original features to keep character, such as the original facade and arched windows. The studios boast floor – ceiling windows, allowing plenty of natural light and adding to the development’s overall appeal.
The studios have been designed by award-winning SDA architects, and have cleverly separated the living, work and sleep space to give the feeling of a one-bedroom apartment. Just by looking at the studios, they feel of superior design and build compared to nearby developments.
The development also boasts an onsite gym, cinema room and social spaces for the use of residents, further adding to its appeal to visitors who are looking to stay in a traditional Liverpudlian building, but who do not want to compromise on comfort.
Sir Thomas House Investment Fundamentals
Purchase price from £84,262
Rental income of 6%
Attractive period conversion
Completed in November 2017
Attractively priced for location
Only 44 units available
Why invest in serviced apartments?
With the weakening of the pound, the rise in British people opting for “staycations”, and the ever-changing preferences of the types of accommodation that tourists are opting for, serviced apartments are proving themselves to be very worthwhile investments.
Not only is there an increased demand for serviced apartments from domestic visitors, but also from overseas guests. In 2015 over 36 million people came to the UK for a holiday, a 50% increase over the previous 12 years.
The increasing popularity of AirBnB has demonstrated one thing – that people are looking for different accommodation options. The needs of travellers are changing, and some require the flexibility that serviced accommodation can afford them. In other cases, it is simply that often hotel rooms can be wildly expensive, and therefore more budget-friendly alternatives are considered if the room is just being used to sleep in. Proving their popularity, serviced apartment occupancy rates in London far surpass hotel room occupancy rates, currently standing at 90%.
It has been predicted that between the end of 2016 – the end of 2017, the serviced apartment sector will double in size in the UK, making it the fastest growing in hospitality.