Luxury apartment block proposed for Liverpool location

A CGI of Bastion Point

Manchester-based Integritas Property Group (IPG) has announced plans for a 67-apartment luxury development in the centre of Liverpool.

Phase one of Bastion Point, due for completion in the third quarter of of 2023, will see 67 apartments built over seven floors on Naylor Street, just a short walk to Liverpool city centre.

Featuring a variety of one- and two-bedroom apartments, Bastion Point is aimed at the city’s growing rental market as part of a development worth £13.3m

Mitchell Walsh, managing director at IPG, said: “Liverpool is currently an excellent prospect for investors due to its strong capital appreciation.

“Seven of the city’s postcodes feature in the UK’s top 10 best capital appreciation locations.

“With the North West expected to grow in population by 24% over the next five years, there is real pressure to deliver new housing – the local market is likely to continue to out-perform the rest of the UK.”

He said investors are predicted to profit from 7.5% net rental income upon completion, adding: “Liverpool really is stepping up its game to compete with Manchester, with the local council investing heavily into the regeneration of the city to secure the same success as Ancoats.

“Bastion Point is ideal for first time investors, and we expect this development to be another that sells out fast.”

One-bedroom apartments at Bastion Point are available from £124,950 and two-bedrooms are available from £184,950.

IPG is a property developer specialising in finding the best development opportunities in the highest yielding locations around the UK.

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