New Chinatown is one of the most important and exciting development projects in the UK today. With the support of the UK Government the project is one of the big ideas underpinning their vision for a Northern Powerhouse.
New Chinatown is a city within a city. It is the burgeoning energy and dynamism of modern China transplanted into the heart of a historic World Heritage City. Home to Europe’s oldest Chinatown, today Liverpool is at the beginning of a new chapter in the relationship between the UK and China. This is a historic moment… This is a unique investment opportunity. New Chinatown creates a new standard for city centre development. It brings the intensity and energy of modern China into the heart of an historic European city. This is a place to live, work, visit, relax and wonder. New Chinatown is a distinctively Chinese urban quarter in terms of design, character and spirit. The design philosophy has been influenced both by modern Chinese architecture, traditional Chinese design philosophy and the ancient art form of zhezhi. Underpinning the whole master-plan is the idea and motif of the awakening dragon – a powerful symbol of China’s resurgence and status as a new global power.
The development has been influenced by consultation with Liverpool’s Chinese community and will create new spaces for local business and cultural organisations. However, we are also creating an entirely new kind of Chinatown – a home for Chinese businesses to establish themselves in the UK with characteristic retail bazaars and vibrant sunken streets. New Chinatown will be an exciting, colourful and dynamic destination and an utterly unique shopping experience.
With 790 apartments in the first three phases New Chinatown will create a new city centre community and set a new benchmark for urban living. Beautifully designed living space, five-star management and concierge service and a superb array of leisure facilities, including luxury spa, will make New Chinatown one of the UK’s most luxurious and desirable residential destinations.
The studio apartments have a relatively low entry price of £97,11.. Investors stand to realise a minimum of 7% yearly NET yield as the rent stands at £6,800. The apartment proposes all the basic needs of a student with a bedroom, kitchen and small dining table in the main living room area and an en-suite bath and shower.
The studios for this development cost £119,211 and have a high annual yield of 7% with an estimated yield of about £8. The apartment proposes all the basic needs of a young professional or advanced student with a bedroom, kitchen and dining table in the main living area.
These two bedroom apartments have an entry price starting from £159,307 which provides the investor an annual net income of 7% at a price of £11,150. There is a master bedroom and another bedroom, an exclusive open plan kitchen-lounge and dining area incorporated into the living room. The en-suite bathroom to the master bedroom includes a bath tub and shower along with other essential accessories as the other bathroom possesses likewise. A lot of these apartments have large terraces for a beautiful external view.
Having an entry price of £418,431 with the highest estimated net income of all four apartment specifications, at 7% yield. It includes a master bedroom, two other bedrooms, much larger kitchen, lounge and dining room, this makes these apartments suitable for multiple occupiers. In addition, all bedrooms have en-suite bathrooms with showers and bath tubs. Like the one and two bed apartments, these apartments also boast of balconies for viewing the beautiful riverside.
Liverpool, they say, has the UK’s fastest growing economy outside London, and the £200m New Chinatown project – which only began construction in April – is described in the accompanying online blurb as “one of the most important and exciting developments in the UK today”. Due for completion in 2019, it is, apparently, the burgeoning energy and dynamism of modern China transplanted into the heart of an historic world heritage city.
Units in the New Chinatown development are located on Great George Street, “beneath the majesty of Liverpool’s magnificent Anglican Cathedral”
New Chinatown is at the beating heart of Liverpool. Close to the city’s historic Chinese quarter, the development sits at the intersection of many of Liverpool’s most vibrant quarters and close to its many outstanding landmarks and attractions.
In the shadow of the city’s magnificent cathedral and on the edge of the fashionable and happening Baltic Quarter, New Chinatown is only a short walk from Liverpool’s bustling retail area and its World Heritage waterfront. Surrounded by stunning architectural landmarks and cutting-edge cultural attractions, New Chinatown is the last piece in the jigsaw in the multi-billion pound transformation of Liverpool City Centre following its designation as a European Capital of Culture.
Liverpool’s four universities enjoy excellent academic reputations and are a magnet for international students including more than 10,000 from China alone.
New Chinatown will be the new jewel in the city’s offer – a unique destination celebrating Liverpool’s historic links to China, but also signalling a new era of partnership and investment.
Liverpool’s four universities enjoy excellent academic reputations and are a magnet for international students including more than 10,000 from China alone. The European gateway for Atlantic and Pacific trade, the city has rebuilt its economy in recent decades with outstanding strengths in digital creativity, bio-sciences and advanced manufacturing, whilst the status and importance of its great port will be massively enhanced by the impact of the Liverpool Two post Panamax facility. Liverpool will become one of only a handful of ports capable of docking a new generation of carriers following the widening of the Panama Canal, making it the European gateway for Atlantic and Pacific trade.
New Chinatown is an extremely important regeneration project breathing new life into Liverpool’s historically rich Chinatown. The master-plan runs parallel to Great George Street and adjacent to the vast Anglican Cathedral. The urban design approach extends the existing road and circulation infrastructure and integrates new China Town to the existing community. There is no doubt that it is a once-in-a-lifetime opportunity for buy-to-let investors. Now is the time to hurry and acquire a property in this modern and vibrantly developing city.
For further information on the purchase process please request your free brochure or get in touch with us today.