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Nineteen Keel Wharf
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Page 1: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Nineteen Keel Wharf

Page 2: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Contents

03

The Development04

The Accommodation05

The Investment07

The Layout10

The Location

11

The Area12

The Neighbourhood13

The Developer14

The Process15

Further Reading

Page 3: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Located at King’s Dock along Liverpool’s stunning UNESCO World Heritage waterfront area, Nineteen Keel Wharf is a collection of contemporary apartments designed to appeal to both business and leisure visitors looking for high quality serviced apartments. This type of accommodation is an increasingly popular choice amongst guests who demand more privacy, flexibility and space than a standard hotel room. With its great location, fantastic views and all the comforts of home, Nineteen Keel Wharf offers first-class serviced apartments in the city.

The apartments are ideally situated between the M&S Bank Arena, the BT Convention Centre and Royal Albert Dock where visitors can enjoy a variety of events, museums, waterside tours as well as shops, bars and restaurants. Nineteen Keel Wharf is conveniently located just a few minutes’ walk to Liverpool city centre giving easy access to all the city has to offer, including excellent shopping, dining, exciting nightlife and a thriving business district.

Affordable luxury on Liverpool’s iconic waterfront

03

The Development

Whether in the city for a relaxing break, business trip or just enjoying some quality time with friends or family, Nineteen Keel Wharf is the perfect place to stay.

Page 4: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Rising demand for space and flexibility

Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities will include a 24-hour reception with secure luggage storage, an on-site cafe for residents and parking.

Serviced accommodation is one of the fastest growing sectors within the hospitality industry. Demand is driven by the desire for a home from home experience in a more spacious environment, similar to the successful Airbnb model.

The investment potential for savvy investors in this sector is undeniable. The returns generated from a serviced apartment let on a short term basis far outweigh those of a traditional buy-to-let purchase in the same location. Earnings average between 15%-20%, based on 60% occupancy levels and investors are expected to double their returns in comparison to a standard traditional long term let.

The two key factors for a successful short term rental property are simple - great location coupled with professional management. A management company will promote the property via the appropriate marketing channels to achieve maximum occupancy and implement the highest standards of maintenance to ensure that guests enjoy their stay, leave favourable reviews and return again in the future.

“Many of today's travellers want to stay somewhere where they tend to have more space and greater independence than in traditional hotels”

Eva ChanVice President of JLL Hotels and Hospitality

04

The Accommodation

Page 5: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Once purchased, the apartments retain a residential title which allows them to be used for short term lettings. Owners have the flexibility to use the property themselves or let it out. Specialist short term letting services are available from SkyLet™. Alternatively, owners have the option to engage a management company of their choice.

Should an owner decide to sell, these apartments are likely to be a sought after asset due to the excellent ROI’s and ever-increasing demand for serviced accommodation.

Nineteen Keel Wharf offers an extremely versatile investment

Low-risk refurbishment project

Fully managed

Income generating asset

Desirable waterfront location

Experienced developer

Rare opportunity

Completion

March 2020Prices from

£164,450Returns up to

13% NET

05

The Investment

Page 6: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Innovative lettings management for effortless income

Apartment owners at Nineteen Keel Wharf can make the most of their investment by using SkyLet who offer a full lettings management service. SkyLet will market the property to short term tenants who are typically looking for one day to two-week stays. SkyLet can organise all aspects of the apartment set-up, including furnishing packages, arrange professional photography and take care of all the paperwork needed to start letting. The SkyLet team handle all bookings, manage holding deposits, handover of keys and cleaning services between occupancies. With SkyLet, it couldn’t be easier.

ROI example

Purchase price£199,680

Client cash input£49,920(25% on exchange)

Reservation deposit£2,500

Balance of cash input£47,420

Service charge£1.77 per SqFt

Ground rent per annum£300

SkyLet fee12%

Annual NET yield13%

Month Estimated Return (NET-based on 60% occupancy)

January £1,531

February £1,464

March £1,891

April £2,457

May £2,087

June £2,134

July £2,083

August £2,688

September £2,012

October £2,134

November £2,177

December £2,342

Total £25,000

06

The Investment

Page 7: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Floor Plans

Room Type 2Room Type 1

Example full floor

07

The Layout

Page 8: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Versatile living with space to entertain

Spacious living areas with neutral decor and floor-to-ceiling windows which offer stunning waterfront and city views. Technology ready with internet connections fitted as standard.

Contemporary fully-fitted kitchens with premium appliances and spacious entertaining areas.

Floor-to-ceiling windows which offer stunning waterfront and city views

08

The Layout

Page 9: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Relax andunwind in luxury

Light filled and comfortable bedrooms create a calm and peaceful place to rest and recharge. Luxurious ensuite bathrooms and wet rooms with the highest quality fittings.

09

The Layout

Page 10: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Rental value increase by 2020

17.6%Property value increase by 2020

19.3%Occupancy increased growth in 2018

3.9%One of the best cities in the UK for buy-to-let investment

Liverpool is a world-class, rapidly transforming city, offering unmissable property investment opportunities. In the past five years, property prices in Liverpool have increased by 22% (source: Zoopla), far outweighing the UK national average. Professional services and investment management company JLL have predicted that rental valuations in the city are due to increase by 17.6% by 2022, whilst property values are expected to increase by 19.3% during the same period. Additionally, a survey of 580,000 properties across the UK conducted by TotallyMoney in 2018 found Liverpool to have two postcodes in the top five areas for rental returns. The accountancy firm PWC have also reported that hotels and serviced accommodation saw 3.9% growth in occupancy rates in Liverpool during 2018.

10

The Location

Page 11: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Cultural hotspot with a fast-growing economy

Liverpool’s rich culture and heritage make the city a booming tourist destination. The waterfront area plays a key part in the city’s cultural offering with its iconic docks, the impressive Royal Liver Building and The M&S Bank Arena which hosts live music, exhibitions and events. Liverpool is a former European Capital of Culture, further highlighting the vast array of attractions which draw visitors to this exciting city. For sports fans, there are two historic football clubs; Liverpool and Everton which attract large numbers of fans every year. And let’s not forget The Cavern Club, the spiritual home of The Beatles!

Liverpool’s docks are currently at the centre of a £5 billion, 20-hectare regeneration project being undertaken by the Peel Group, who are the masterminds behind the highly successful Media City development at Salford Quays in Manchester. This extensive transformation of the area will encompass five new neighbourhoods, hotels and a new football stadium at Bramley Moore Dock for Everton FC. In addition, a new cruise terminal at Princes Dock will welcome the world’s biggest cruise ships, allowing the city to further capitalise on increased footfall from the current 100,000 cruise passengers who visit each year.

Liverpool’s docks are currently at the centre of a £5 billion, 20-hectare regeneration project being undertaken by the Peel Group.

11

The Area

Page 12: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Perfectly situated to enjoy the best of the city

Nineteen Keel Wharf is located in an enviable position within touching distance of both the Liverpool M&S Bank Arena and Liverpool Exhibition Centre which are collectively hosting 143 events in 2019. The apartments are within easy reach of all the attractions that Liverpool city centre has to offer. In addition, great sporting events such as Liverpool FC football matches and the world famous Grand National race held at Aintree racecourse creates substantial demand for accommodation in the area.

Popular Destinations

M&S Bank Arena Liverpool 0.1 miles

Liverpool Exhibition Centre 0.1 miles

The Beatles Story 0.2 miles

Liverpool ONE shopping centre 0.3 miles

Royal Albert Dock 0.3 miles

Tate Gallery Liverpool 0.4 miles

Cruise Terminal 0.6 miles

Royal Liver Building 0.7 miles

Anfield Football Stadium 2.6 miles

Aintree Racecourse 5.9 miles

Nineteen Keel Wharf

0.1m

0.2m

0.3m

0.4m

12

The Neighbourhood

Page 13: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Experts at transforming spaces in premium locations

Artisan Investment Group is a leading Manchester based property developer, specialising in the procurement and redevelopment of sites for residential, leisure and commercial use across the North West of England. Artisan’s track record is exemplified by their large and diverse portfolio of fully completed projects. Through the use of contemporary design and high-quality materials, Artisan expertly delivers urban regeneration projects that contribute both to the local economy and to the community. Express Networks

North Bank

Through the use of contemporary design and high-quality materials, Artisan expertly delivers urban regeneration projects.

13

The Developer

Page 14: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

How you can invest today

Step 1Pay £2,500 reservation deposit

A £2,500 reservation deposit will secure the apartment. Investors should expect to exchange 28 days later.

Step 2Exchange Contracts

25% of the full purchase price is due upon exchange of contracts, minus the £2,500 reservation deposit.

Step 3Completion

Once contracts have been exchanged, investors will wait until the refurbishment is finalised (March 2020) before completion.

Our simple process is broken down into three easy clear steps.

14

The Process

Page 15: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

Recent articles related to Nineteen Keel Wharf

Designs released for planned new Liverpoolcruise terminal

Tourism figures continue to grow

Figures show Liverpool City Region’s visitoreconomy is now worth over £4.5bn

How serviced apartments are tuning into modern traveller needs

Cultural events generate more than £85 million for Liverpool economy

This astonishing list of hotels being built inLiverpool proves city tourism is booming

Tourism data summary

Visitor economy continues to fuel Liverpool

FAQ’s Additional reading

Who is the developer?Artisan Investment Group.

Is there a lettings management company in place?Yes, SkyLet (see page 6 of this brochure).

Is there a refurbishment programme in place?Yes, all apartments are being refurbished.

What is the expected completion date?March 2020.

What is the ground rent and service charge?Ground Rent is £300 Per Annum, Service Charge is £1.77 per SqFt.

Are the apartments being sold as leasehold or freehold?250 year leasehold.

Is there an opportunity to purchase the freehold?No.

Is stamp duty applicable?Yes.

Are the apartments mortgageable?Yes, all are mortgageable and hold a residential title.

What is the address of the development?Nineteen Keel Wharf, Liverpool, L3 4FP.

Are there any restrictions if I want to sell?No.

Is there a recommended buyer’s solicitor?Yes: Silver Shemmings LLP. www.silverllp.com

What types of apartment are available?2 bedroom, 2 bathroom (ensuite) apartments.

Can I live/stay in the apartment myself?Yes.

Are the apartments currently in use?They are currently being used for short term letting. On 31/7/2019 the entire block will be closed to commence refurbishment works.

Can I let the accommodation myself?Yes.

Are there any additional purchase costs?No.

What does the Lettings Management Company charge?SkyLet charge 12% + VAT of the rental income.

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15

Further Information

Page 16: Nineteen Keel Wharf - Propwealth · Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities

We make no representation or warranty of any kind with regard to the information contained in this brochure and none of the information shall be treated as financial advice.

The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before making the decision to invest.

Any opinions expressed in this document are not statement of facts.


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