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Derelict to Desirable. Student accommodation drives regeneration of Liverpool’s housing stock
March 20, 2012Article by Ray Withers
Over the last decade, Liverpool has gone through an incredible transformation seeing a number of major schemes and projects take place in a bid to improve the local environment and economy. But a new trend of restoring derelict properties into purpose built student accommodation is driving the regeneration of the city’s housing stock further.
Ray Withers, Chief Executive of leading property investment agency active in Liverpool, Property Frontiers comments,
“Liverpool has undoubtedly suffered from a housing regeneration crisis in recent year. While hundreds of residential properties have sat empty across the city, old derelict commercial buildings too have sat in the shadows waiting to be rejuvenated. Over the last 2 years, our experienced developer partner has capitalized on this opportunity to regenerate a number of derelict iconic buildings in Liverpool, transforming them in purpose built student accommodation which is in high demand.”
“Indeed, we have been able to secure some amazing properties such as Gradwell Street which was a derelict warehouse and Hatton Garden which was originally a fire station and bring them back to life for the next generation. This has been a gratifying experience in the name of regenerating Liverpool.”
Property Frontiers has successfully marketed numerous student accommodation projects in the city of Liverpool, transforming deserted buildings into modern, comfortable student homes. These include:
Streatlam Towers, Princes Road, Liverpool
Streatlam Towers is a beautiful 19th century listed building located near Liverpool city centre. Previously used as a Christian shelter which then became derelict, Property Frontiers’ developer partner transformed the building’s interior incorporating the latest fixtures and fittings as well as retaining some original features such as the high ceilings, staircases and stained glass windows.
St Andrew’s, Rodney Street, Liverpool
Situated on Rodney Street backing onto a campus of John Moore’s University, St Andrew’s was previously used as a church that had been derelict for decades. The iconic 19th Century listed building which is now also a heritage site, is being developed into a prestigious student accommodation development thriving with life in the heart of Liverpool.properties
The Paper Mill, Henry Street, Liverpool
Property Frontiers newest project, The Paper Mill, is a 19th century former paper mill. The building is imposing in its design and affords an enormous entrance door and vaulted atrium. Large enough to accommodate 104 en-suite student rooms, The Paper Mill is set within a prime central Liverpool location costing £48,000 with a 10% NET yield, assured in year 1.
For more information on the regeneration of Liverpool through student accommodation please contact the experts Property Frontiers on +44 1865 202700.
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