X1 Lettings are pleased to bring this 1st floor, generously sized one bedroom, furnished investment property to the market – with a tenant in, situ- investors can look to receive immeadiate income from this property in X1 The Tower.
This development is extremely popular with working professionals and receives high levels of rental interest thanks to its enviable waterfront location and excellent travel links to the motorway.
The apartment at X1 The Tower is located in the heart of the Baltic Triangle – an area of high rental demand and only a 5-minute walk from The Albert Dock.
- Ground Rent – £395 5 year RPI & review date 31.12.2022
- Service Charge -£1680.12
- Management Fee – 8%+VAT
- Current rent achieved – £690pcm
- Leasehold 999 years from 01.01.2018
Rent achieved per month : £710.00 Ground Rent: £395.00 per year Service Charge: £1,308.30 Lettings Fee’s 8% exc VAT of GROSS rent Lease Length 999 years 5 year RPI – Billing period – 01 Jan – 31 Dec
X1 The Tower enjoys excellent travel links with easy access to the city center, wider Liverpool and motorway access only a 15-minute drive away.
Since development began in The Baltic in 2012, over £120 million has gone into regenerating the area with a further injection of over £60 million planned for the future.
The Baltic Triangle has been voted ‘one of the coolest places to live’ in the UK by The Times and has long held its reputation as a desirable neighbourhood in Liverpool.
The area of the Baltic Triangle covers 93 acres of mixed-use land on the southern gateway of the city center into the Dingle and Toxteth area and has housed a doubling in its population since 2010.
In the present day – as a well-established creative and digital hub within the City -the area is home to more than 500 businesses and employs more than 3000 people.
Liverpool City Council’s Cabinet has approved the ‘Baltic Triangle’s draft Spatial Regeneration Framework’ which includes recommendations to further develop a new public park, new railway station, enhanced connectivity, additional housing to support City growth to name just a few initiatives.
Viewings of this property are highly encouraged and can be arranged by calling or emailing the X1 Team.