Portside Place, a new buy-to-let development by ethical property developers Integritas Property Group, is set to revolutionise modern living in the heart of Liverpool.
Strategically located in a prime area on Sefton Street, Portside Place presents a unique opportunity for investors to acquire a piece of luxury within one of the city’s most vibrant neighbourhoods.
Each apartment is crafted to meet a tenant’s needs, offering a range of high-quality living spaces, from sleek studio apartments to spacious two-bedroom properties. Residents of Portside Place will have access to a host of amenities, from landscaped gardens and communal spaces to a state-of-the-art fitness facility and secure parking.
The development is expected to offer an anticipated rental return of 6.35% and boats a 999-year lease. With a total of 198 units across two blocks, Portside Place provides a mix of both 1-bedroom and 2-bedroom apartments.
The development represents a great investment opportunity in Liverpool’s growing market. Liverpool’s economy has seen remarkable growth of over £6 billion in the past decade, and recent data from the Office for National Statistics has indicated a significant increase of 4.7% in house prices in the year leading up to December 2023, proving the market’s resilience and attractiveness to investors. With Liverpool house prices expected to increase by more than 20% between 2023 and 2026, investors can expect to achieve substantial returns in this market.
Commenting on the new development, Mitchell Walsh, CEO of Integritas Property Group, said, “The launch of this brand-new development represents another significant milestone for IPG, offering investors and renters alike the chance to enjoy a slice of one of the most vibrant and fastest-growing places in the UK.
“It comes at a great time for the North West property market, with Savills recently outlining how the North West is forecasted to deliver the highest house price growth over the next five years. I think people are now really switched on to the amazing communities we have across the region, and investors continue to show a strong commitment to helping the North West compete on the world stage.
“As an ethical property developer, IPG is committed to injecting money back into the communities surrounding our project sites. We are proud to be working with such a fantastic pool of local talent within our supply chain, offering jobs to local people.”
Properties at Portside Place start from £181,000. Work is expected to start in Q4 of 2024 and be completed in Q2 of 2026. Big Red Construction Limited is undertaking the development’s construction with an architectural design by NC Architects.
