X1 The Terrace

Why Invest In X1 The Terrace?

X1 The Terrace is phase 4 of the impressive development at the award winning X1 The Quarter.
The development will be complete for September 2016 and will boast 101 apartments, split over a selection of 1,2 and 3 bedroom apartments.
In addition to this, there will be 160 private secure car parking spaces.

Located on the impressive dockland area, X1 The Terrace will be perfect for all city dwellers and offers the perfect retreat from city life yet remains in the desirable urban location.
X1 The Terrace is the fourth phase in the award winning X1 The Quarter Development. Buy To Let Investors will get a rental Assurance of 6% Net for the first 3 Years. X1 The Terrace consists of luxury apartments ranging from 1 beds to 3 Bedroom apartments. The apartments can be purchased for self occupancy as well as a buy to let investment.
Phase 1, 2 and 3 are all 100% sold out and 100% tenanted. X1 The Terrace is set to follow the fantastic success of the first three phases and become Liverpool's most sought after residential development.

X1 The Terrace is situated directly opposite the iconic Liverpool Docks. As some of the apartments come with the luxury of private balconies, residents will have views overlooking The Docks and The River Mersey.

Investment Overview

• Fourth phase in the award-winning X1 The Quarter development
• Winner of 5* Best Residential Development at the International Property Awards 2014
• 101 luxury apartments, ranging from 1-bed apartments to 3-bed apartments
• Central location - 5 minute walk to Liverpool's Albert Dock
• Management company already in place (with on-site office)
• Perfectly suited to both students and young professionals
• X1 The Quarter Phases 1 and 2 fully tenanted, and Phase 3 in construction

Investment Projection for a 2 bedroom apartment (£134,950)

• Estimated monthly rent £925 
• Estimated gross rent £11,100 
• Estimated maintenance fee £1,550 
• Estimated management fee £888 
• Estimated NET income £8,386 
• Estimated ground rent £275 
• Estimated NET yield 5.99

FAQ'S

What Is The Address: 
The Terrace at X1 The Quarter, Sefton Street, L8 5RS

What Is The Leasehold: 
999 years leasehold

What Is The Rental Assurance: 
Returns of 6% NET are assured for the first 3 years

Who Is The Management Company: 
The designated management company will be X1 Lettings, who will block manage and let the building. They have a 100% tenancy rating on the previous 3 phases.

Are there tenants in place?
No, The Terrace at X1 The Quarter is a new-build development which will be furnished to the highest of specifications and will be ready to accept tenants in Q3 2016

When is my rental income paid?
Quarterly in arrears, direct into your bank account from completion

Are there any restrictions if i want to sell?
No, The Terrace at X1 The Quarter is a residential development so you are free to sell your apartment on the open market as a buy-to-let apartment