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Property Market Summary - May 2015 In recent times, the residential property market in the North West has provided for higher yields than any other region in the country, with an average of 7.1%. Liverpool has been one of the best performing areas for investors in the North West in this period. This vibrant city has gone through massive amounts of regeneration, to accommodate its booming population.

The Liverpool property market has seen extremely buoyant growth in the last 12 months with typical residential property values increasing by 5% - 5.8% on average across the majority of price ranges. Rental values have also increased by 3% - 4% with the ever diminishing supply of stock. Demand is very strong for City Centre / Docklands apartments from future owner occupiers and potential tenants alike. It is predicted that for the next 5 years at least, this current demand will continue to match and potentially outstrip supply and therefore improve and increase values further, particularly in the City. Liverpool city should continue to outperform the region, as it still offers good value compared to other major UK cities such as London or Manchester. The prospect of further growth in the next 5 - 10 years is very strong, as Liverpool establishes itself as one of the leading city locations in the UK. Many key investors are attracted by this prospective growth and the proposed future groundbreaking developments within the City, including Stanley Dock which is a completely unique development opportunity. Developments within Liverpool have historically (from 2003), had a primarily “buy to let” focus. This has resulted in a lack of penthouse and premium quality apartments of substantial size, to satisfy the ever growing demand from owner occupiers who wish to live in the city, in addition to the demand from key investors. (Source: RICS Price Expectation Survey, Nationwide House Price Growth, Halifax House Price Growth, Rightmove Asking Price, Colliers Residential Data Shot May 2015)

Key factors behind the continued growth of Liverpool City & Region : ! THE CITY POPULATION IS PREDICTED TO GROW - The current City population is approximately 470,000 - Liverpool is the UK’s sixth largest city in the UK and more than 7 million people visit, live work and play on Liverpool's world heritage waterfront each year. ! GLOBAL & UK INVESTMENT IS EXTREMELY STRONG FOR KEY CITIES : Key Investors from across the world are targeting the main cities of the UK - Primarily London, Manchester, Birmingham and Liverpool: 97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


! High quality Livable environment which has recently been transformed by the developments such as Liverpool One. ! Part of the 2nd largest regional economy in the UK which is worth !121 billion annually, with 252,000 businesses ! Liverpool has some of the lowest business occupancy costs ( Rent and rates ) for grade A office space, and is amongst the top UK cities for cost efficiencies with average salaries only 50% of the average salaries in Central London ! There are 6.2 million people with in an hours drive of the city, providing for a large employment base. ! Liverpool has a large student population, with 3 Universities and numerous other 3rd level institutions. See Liverpoolvision.co.uk and investinliverpool.co.uk/Liverpool for more

Key Schemes to Change Liverpool Forever

Liverpool Waters - The regeneration of 60 Hectares of Liverpool’s historic dockland to create a world-class, high-quality, mixed-use waterfront quarter in Central Liverpool. The development will create a unique ‘sense of place’ taking advantage of the sites’ cultural heritage and integrating it with exciting and sustainable new development. Liverpool waters will contribute substantially to the growth and development of the city, allowing ease of the movement and strong connections between the northern end of Liverpool Waters, its hinterland and the city centre. It will accommodate new and existing residents, attract national and international businesses and encourage a significant increase in the number of visitors to the city, adding to Liverpool’s cultural offer and providing a new and complementary destination. Princes Dock is Phase 1 of Liverpool Waters and is already home to an array of world renowned businesses including Coutts, KMPG and PWC.

Superport - Superport is an integrated cluster of logistics assets and expertise that will deliver faster,"greener global market access for business to and from the northern UK and Ireland via an enlarged post-Panamax container port. Superport provides rapid reach to 35 million people within a 150-mile radius."It"stretches from the historic Port of Liverpool along the Manchester Ship Canal and the heart of the northern UK road and rail network, via 2 airports, and across 2 national Enterprise Zones plus the highest density of warehousing in the UK. Superport is undergoing £1+ billion intermodal infrastructure investment, and from late"2015 the new deep-water Liverpool2 terminal will be able to service 95% of the world’s largest container ships, opening up faster supply chain transit for at least 50% of the existing UK container market. Liverpool One - Redevelopment of the prime city centre retail areas, Liverpool ONE is the huge open-air shopping and leisure district at the heart of the city. It offers a multitude of high-profile stores with more than 160 famous high street shops, ultra-hip fashion brands and cool independent boutiques. Expect famous names like John Lewis, Debenhams, Apple, Hollister and the only Harvey Nichols Beauty Bazaar in the country. For the kids, there’s Lego and Disney Stores, plus Build-a-Bear Workshop. This has created a far more attractive city centre and it now acts as a major counter balance to the retail draw of Manchester and Birmingham. Liverpool has since moved from the 17th to the 5th most popular shopping destination in the UK.

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Lewis’s building and Central Village - Adagio Apart hotel is already open in the iconic Lewis’s building as it undergoes a multi-million pound redevelopment. Behind the front doors a fully functioning gym is waiting to be used, though PureGym has now delayed opening until April after initially hoping to do so late last year. Meanwhile, Lidl is due to enter the site while one of the site’s neighboring buildings has been leveled this year as Renshaw Street changes before our eyes. New exhibition centre - The rooftop of the £58m Waterfront complex was completed late last year and the developers behind Exhibition Centre Liverpool are planning a grand opening of the site in September. Before then there will be a series of summer events and opening celebrations to mark the completion of this huge project, which will also see a four-star hotel form part of the new complex. Rat and Parrot - Earlier this year the ECHO revealed £1m plans to transform the empty Rat and Parrot pub in Queen Square. The three-storey property, on the corner of Whitechapel and Hood Street, has been empty since Christmas 2011 but it is set to be transformed into a retail and leisure complex. Passed by thousands of people using the Queen Square bus station everyday, it is hoped that the site will prove popular and work is expected start in the spring. Doubletree at the Hilton - Liverpool’s new four-star Hilton hotel – housed in one of the city’s finest historic buildings – is just months away from opening and bosses have just announced Michelin-starred chef Jean-Christophe Novelli will have a restaurant at the site.The Grade-II listed former Municipal Annexe, at the corner of Dale Street and Sir Thomas Street, is being extensively restored and is expected to be a show-stopping venue to add to Liverpool’s hotel scene. Lime Street - Developers Neptune are drawing up plans that would result in large scale changes on Lime Street, with the landscape between The Vines and The Crown are particularly expected to change dramatically. Last month the company distanced itself from images showing student accommodation and a hotel replacing historic facades, and said it hoped to keep the front of the Futurist cinema, but expect more information to be revealed this year on the plans for Lime Street. The image here is a "merely illustrative" design by Infinite 3D. Castle Street - The listed Queen Building on Castle Street is undergoing a huge renovation, with ongoing work obvious to anyone walking down this busy street as the entrance remains hidden by hoardings. This year that work is set to be complete with Tune Hotels becoming the latest hotel in the city’s business district. The site will also see the arrival of popular Argentinianthemed restaurant CAU. Student development on Myrtle Street/Hope Street - If you travel into the city down Myrtle Street it is impossible to miss the large scale student accommodation construction site on the road’s junction with Hope Street. The first in the UK to be built using bedrooms built abroad and shipped in crates to be stacked up on top of each other on site, the scheme will see more than 300 students accommodated in the building once it is complete. More Student flats at Hatton Garden - At the other end of the city centre is another large scale student accommodation development, costing £25m. This 11-storey development will have 397 rooms, in addition to a student bar, gym, parking and shops.There are lots of student developments in the city, but the size of this project truly makes it stand out.

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


The Royal Hospital - On the outskirts of the city centre this is a project that has a major impact on everyone in the city. Due for completion in 2017. The new Royal is being built on the corner of West Derby Street and Low Hill, behind the existing hospital, and will be an obvious change to Liverpool’s skyline." Royal Court - The popular city centre theatre is undergoing renovation work, the latest stage comprising changes to its entrance. The refurbishment sees the extension of the building to fill the space currently covered by a canopy which will allow the Box Office to be moved to the front of the building. According to theatre chiefs the new entrance will be a “striking addition” to the site while lifts are being added to all areas of the theatre. A new basement venue will also be included.

City Centre / Docklands - L1, L2, L3 - Penthouse / Luxury Apartment Comparables

The Colonnades

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


The Colonnades, Liverpool L3 4AB

Situated at the famous Albert Dock and part of the Liverpool Waterfront world heritage site, this group of grade 1 listed buildings - “The Colonnades” is a prestigious addre ess in the North of England. It comprises of 115 Luxury apart r ments which are all owner occupied in which sub letting is strictly prohibited. Stanley Dock with its three warehouses, s pump house, the newly refurbished Titanic Hotel will be mo m re than comparable to the Colonnades when completed.

Apt.

Flr

Bedroom

Size sq’

Price

Sold / Available

Price per sq ft. £

Rental Value p.m.

331

3

1500

£425,000

Available

283

n/a

422

3

1800

£525,000

Sold 6/8/14

291

n/a

3

1800

£675,000

Not Yet Live

375

n/a

432

3

1487

£490,000

Sold 21/11/14

329

n/a

418

3

1388

£465,000

Available

335

n/a

-

-

% Gross ross Yield

West Tower, Liverpool, 8 Brooke Street, L3 9PJ

West Tower which was built by Corillion in 2008, contains 127 apartments over 40 floors. At 140 metres in height, it is Liverpool’s tallest building. The 34th floor houses the UK’s highest re estaurant “T The Panoramic”

Apt.

3502

Flr

-

Bedroom

Size sq’

3 Penthouse

1860

Price

£675 000 £675,000

Sold / Available

Sold April 2015

Price per sq ft. £ 363

Rental Value p.m. £ 3000

% Gross ross Yield

53 5.3

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Beetham Tower, 111, Old Hall Street Liverpool, L3 9BE

Beetham Tower was also Built by Corillion and was completed in 2004. It is 90 metres in height, with 29 floors and is adjacent to the Radisson Blu Hotel. Located alongside the River Mersey, it has views as far as the Welsh mountains from the upper floors.

Apt.

2701

Flr

Penthouse

Bedroom

3

Size sq’

2500

Price

£875,000

Sold / Available

Available

Price per sq ft. £ 350

Rental Value p.m. £ 5000

% Gross Yield

6.8

Mann Island, Liverpool, L3 1ER

Located between the Three Graces and Albert Dock, Mann Island is the fourth Grace built in 2011, which is 50 metres tall and consists of 376 apartments over 13 storeys.

Apt.

Flr / building

Bedroom

Size sq’

Price

Sold / Available

Price per sq ft. £

614

11

3

1100

£320,000

Under Offer

290

905

15

2

700

£299,950

Sold 8/7/14

428

802

15

2

591

£372,500

Sold June 2014

630

Rental Value p.m. £ 1750

% Gross Yield

6.5

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


One Park West, Liverpool, L1, 3DF

This is a 17 Storey building in central Liverpool, which was built in 2009 and is 52 metres tall. A £920m re -development by the duke of Westminister’s Grosvenor Group. It consists of 326 apartments, offices, restaurants, cafes and parking.

Apt.

Flr / Building

Bedroom

Size sq’

Price

Sold / Available

Price per sq ft. £

Rental Value p.m. £

% Gross Yield

504

31 The Strand

2

750

£220,000

Available

293

1200

6.5

306

31 The Strand

3

1250

£395,000

Available

316

2000

6.0

C504

Kenyon Steps

3

800

Not For Sale

Not For Sale

-

2500

Beetham Plaza, The Strand, Liverpool, L2 0XJ

A total of 45 Apartments built around 2000.

Apt.

Flr

702 704

Penthouse 3

Bedroom

Size sq’

Price

Sold / Available

Price per sq ft. £

Rental Value p.m. £

% Gross Yield

2

1500

£450,000

Available

300

2250

6.0

2

2100

£600,000

Sold 23/2/09

285

3000

6.0

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Waterloo Warehouse, Waterloo Road, Liverpool, L3 0BG

Originally the corn warehouse at East Waterloo, the 6 Storey Eastern block - ( one of three ) that wasn’t demolished was converted into flats in 1990.

Apt.

106

Flr

-

Bedroom

3

Size sq’

1290

Price

£380,000

Sold / Available

Sold / May 2015

Price per sq ft. £ 294

Rental Value p.m. £ 2000

% Gross Yield

6.3

Princes Dock, Liverpool, L3 1DZ

Princes Dock Connects to Princes Half Tide Dock. Within the World Heritage site, it consists of three blocks of office accommodation and two residential towers along the waterfront.

Apt.

104

Flr

1

Bedroom

2

Size sq’

1200

Price

£350,000

Sold / Available

Available

Price per sq ft. £ 291

Rental Value p.m. £ 1900

% Gross Yield

6.5

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Unity Building, 3 Rumford Place, L3 9BW

This 86 Meter building was built in 2007. It contains 161 apartments and 15,000 sq.ft. of offices.

Apt.

162

Flr

-

Bedroom

3

Size sq’

3500

Price

£1,040,000

Sold / Available

Sold / 10/10/14

Price per sq ft. £ 297

Rental Value p.m. £ 5000

% Gross Yield

5.7

Why is Stanley Dock and the Tobacco Warehouse Unique? ! Grade 2 listed building and the worlds largest brick built warehouse ! The Tobacco Warehouse will represent the ultimate in Waterfront apartment living ! Unesco World heritage status ! Accessible location on the edge of the city ! Historic walled development on the waterfront ! Navigable waterway within the marina - the Liverpool / Leeds canal ! Landmark building in Liverpool The launch of the new multi-million pound Titanic hotel in July 2014 heralds the springboard for the re-birth of the historic dock. This waterfront area is the next big opportunity for Liverpool with its fantastic historic warehouses, water spaces and navigable water ways.

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Stanley Dock, Liverpool

The Location • Stanley Dock is situated approximately 1.25 miles north of Liverpool City Centre. It occupies a rectangular shaped site and has prominent frontage to the main commuter routes running north from Liverpool City Centre comprising Regent Road ( A5036 ) and Great Howard Street ( A565 ). • It Is located within a quarter of a mile from the Merseyrail Northern line, with the nearest station being Sandhills, approximately half a mile (1 Km) north east of the property. A new station is planned to be built in close proximity in the future • Stanley Dock is an important landmark and key heritage asset, forming an important part of the world heritage site which defines this area of the City.

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Stanley Dock Description The Dock Comprises of Victorian dock tide warehousing, in 4 principle buildings occupying a total gross internal area of approximately 2 million Sq.ft, as follows North Warehouse, Titanic Hotel - 130,000 Sq.ft. Rum Warehouse, Conference Centre - 36,900 Sq.ft. Tobacco Warehouse - 1,388,000 Sq.ft South Warehouse - 200,000 Sq.ft

Titanic Hotel And Conference Centre (North Warehouse) Completed in 1846 it extends to basement and 5 upper floors and is of traditional block construction. Phase 1 has seen the warehouse converted into 153 room luxury hotel with a restaurant and a bar at ground floor level. A spa and gym are located in the basement. (Your Move Award and RICS (runner up) Highly recommended Regeneration Awards The adjoining Rum Warehouse has been converted into a Conference and Exhibition facility with seating for over 1,560 delegates over 2 floors.

Tobacco Warehouse This building was constructed in 1900 and it extends to 13 storeys, with each individual floor plate comprising 99,000 Sq.ft. Overall it extends to the equivalent of 32 acres on the flat and is thought to be the worlds largest brick warehouse. The plans are to provide for 503 Luxury dualaspect, duplex apartments, ranging in size from 970 - 1,830 Sq.ft, along with 5,550 Sq.m of retail/leisure/exhibition/office space. The apartments are to be launched in late 2016.

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


South Warehouse Situated south of the Tobacco Warehouse, it has been subject to several additions during the 20th Century. It is of brick construction with solid floors throughout. Plans are in place to convert the building into 248 Aparthotel/Hotel Suite Apartments, with 3,960 Sq.m of commercial space at ground floor level. The building itself is very similar to the North Warehouse in terms of design and construction.

Surrounding Area Surrounding Develops: Liverpool Waters, Plans are well advanced to regenerate 148 acres of the surrounding historic docklands site along the River Mersey into a world class, high quality mixed usse waterfront quarter. The aim is to deliver 1.32 billion Sq.ft. This will help propel the area into the 21stt century while retaining the 19th and 20th century heritage of the area.

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


CGI - Internal Courtyard, Tobacco Warehouse

CGI - Apartment Living room - Tobacco Warehouse

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Proposed Phasing of Tobacco Warehouse and Timescales Phasing of the Tobacco Warehouse will start as follows :

Phase 1 : West bays - Completion expected end 2016. Phase 2 : Centre bays 9-12 months later - completion expected" end 2017 Phase 3 :"East bays 9-12 months later again."- completion expected end 2018.

West Bays - Summary

Centre Bays s - Summary

Total Units

181

Total Units

144

Total Floor Area

238,315

Total Floor Area

180,577

(Average Unit Size)

1,317

(Average Unit Size)

1,254

West 3 Commercial## Ground Floor

Sq.ft. 19,375

Phase 1

Centre 2 Commercial## Sq.ft. Ground Floor## 18,837 Phase 2

East Bays - Summary

Summary - Tota al Development

Total Units

178

Total Units

503

Total Floor Area

238,853

Total Floor Area

657,745

(Average Unit Size)

1,342

(Average Unit Size)

1,308

East Commercial## Ground Floor## Phase 3

Sq.ft. 21,528

Total Commercial## Ground Floor##

Sq.ft. 59,740

Summary

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Commercial Space – Tobacco Warehouse " The Tobacco Warehouse, once completed, is due to contain approx. 60,000 sq.ft. of space at ground floor level." This space will comprise flexible floor plates, which can be split to suit occupiers requirements." This space will be provided in the following phases. " Phase 1 - West Bays - 19,375 Sq.Ft. Phase 2 - Centre Bays - 18,837 Sq.Ft. Phase 3 - East Bays - 21,528 Sq.Ft. " It is envisaged that this space would be occupied by a mixture of retail, leisure, tourist and other commercial occupiers, in order to create a vibrant mixed use development." Many occupiers, particularly restaurant and other leisure users, would likely be attracted to the site due to its waterfront position, with direct access onto the dockside available from many of the units." The fact that 503 apartments are due to be built overhead will be a great draw to commercial occupiers." Equally the existence of these conveniently located commercial occupiers, should boost demand from residential occupiers and therefore increase potential residential values. "

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


Logic Estates Straight Forward Sales and Lettings Logic was formed from the partners extensive knowledge gathered over more than 42 years combined working experience in traditional estate agency and financial services. The best elements and practices from the most successful estate agencies around the country have been put into place to ensure your property achieves maximum value swiftly and effectively. Use Logic - Why wouldn’t you? Logic embrace change and are constantly challenging tradition because we have a strong desire to improve the way our industry operates. We do business differently to give you the edge. This approach has rapidly established Logic as one of the North West’s fastest growing independent estate agents, with further branches in the pipeline. Logic Estates has definitely emerged as one of the market leading estate agents in Liverpool, having been established for over 6 years, and has continued to receive national awards from the Sunday Times - Estate Agency Awards and the ESTAS - Estate Agency Awards, demonstrating its commitment to high standards and innovative marketing. Recognition from both industry property professionals within the Sunday Times and Logic Estates buyers and sellers endorsements of their excellent service, has resulted in these national and regional accolades.

Selling • Market Leading Fees • Fully Trained Motivated Staff • No Sale No Pay • No Tie In Period • Extensive Advertising and Marketing • Independent Mortgage Advice • High Online Visibility • Accompanied Viewings

Nick Goldsworthy Owner

Letting • Market Leading Fees • Property Managed By a Dedicated Team of Professional Landlords • Fully Referenced Tenants • Tenant Find Only or Full Property Management • 24 Hour Landlord Account Access • Rent Guarantees • Premier Advertising and Marketing • High Online Visibility • Accompanied Viewings

Co-Owners of Logic, Nick Goldsworthy and Andy Ferguson, have over 42 years combined working experience in the property industry. Many of those years have been spent in Liverpool, acting for some of the region’s largest landlords and property professionals, such as Bellway, Urban Splash and Harcourt etc. Many major clients continue to consult us on residential developments, sales, investment and converting commercial buildings back to residential use.

Andy Ferguson Owner

97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


97 South Rd, Waterloo, Liverpool, L22 0LR. Tel: 0151 920 2404 email: logicestates.co.uk


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