Property description
The Steel is a pioneering new development situated close to the historic Liverpool Cathedral. A brand new building recently completed in Summer 2015 it is already occupied and established as a popular development within the city’s thriving community. Boasting 29 studios, all larger than average and finished to the highest standard. Spread over 5 floors, each room is designed to maximize on space, comfort and convenience.
At a glance
29 Self contained studio units with prices from only £59,995
Completed and occupied development
1 Year rental guarantee
8% Net return assured
Included as standard:
Queen size bed and mattress, Desk and two chairs, Wardrobe , Sofa , Fitted kitchen , Oven, hob, extractor and fridge, Electric wall heater, Shower, WC and wash basin
Is the development finished?
Yes, the development is fully completed and was handed over in September 2015. The first tenants have already moved into the building
What is the projected annual return after year 2?
Based on today's inflation, projected annual returns would be 9% net. (Conservative after running costs, management fee, service charges and utilities)
What is the tenure of Upper Hill Street?
There will be a brand new lease with 125 years remaining
Is rental assured?
The rental income is assured by the developer for the first two years with a return of 8% net after all deductions for management, running costs, service charges, utilities and ground rent
When is rental income paid?
If you opt for management by the on-site management company, the net rental income after costs will be transferred to the owners appointed bank accounts quarterly in arrears.
For More Information Please Contact THE PROPERTY SUPPLIER
Property Features :
- ALREADY COMPLETE
- 8% NET RETURN INCLUSIVE OF ALL FEES
- GUARANTEED RENT
- FULLY MANAGED