L1 Studios was launched in September and is now sold out.
Construction began in April 2017 and is on schedule for completion in Q2, 2018.
Consisting of 52 studio apartments the development will offer luxury student living to supply the growing demand for student accommodation in Liverpool. Investors benefit from receiving 8% net rental income for the first 3 years.
The main progress onsite this month has centred around the excavation of the pile-cap style foundations, which is now complete. The piled foundations have been cropped and the excavations blinded and filled.
L1 Studios – Construction Updates
L1 Studios – Construction Update May 2017
Following on from previous site investigations and foundation design, May has seen installation of site infrastructure and boarding, and initial groundworks have taken place.
The existing basement that was present from the previous building has been excavated, as have the substructure pilings and foundations. The construction team will commence piling of the new foundations in June, in anticipation of the erection of the steel frame following on from that.
L1 Studios – Construction Update February 2017
The developer’s team has recently carried out a site investigation to the plot, which related to environmental searches and to assess the ground for foundation design.
Following this successful investigation, the developer has sent a team onsite to confirm the findings of the site investigation report. The onsite team has also determined the extent of the basement to the adjacent property. These trial site investigations have meant that SWF Consultants are able to finalise the foundation design for the project.
Furthermore, last week saw a design team meeting held, which was attended by the architects for the development, the structural engineer, the M & E engineers and the main contractor, Ridgemere. The purpose of the meeting was to co-ordinate all of the different elements of the building design, which are now being drawn up ahead of full construction commencing onsite in May.
Photographs from Fleet St showing trial / exploratory excavations.
L1 Studios Drone Footage – February 2018
L1 Studios – Central Liverpool - Prices from £69,950
Central Liverpool Student Studio Apartments
The scheme will offer a range of exclusive studio apartments, ideal for both undergraduate and mature students.
L1 Studios will offer Liverpool students a comfortable housing experience, with the studios being much larger than normal purpose built student accommodation.
It will be located in a very convenient location, being walking distance from Liverpool ONE shopping centre, a transformational £1 billion regeneration scheme, from Central Station (the busiest underground in the UK outside of London), all major universities, restaurants and nightlife.
- Liverpool City Centre
- 8% Assured Net Rental Income for 3 Years
- Largest Studios on the Market
- Rooftop Terraces
- Onsite Café/Bar/Restaurant
- Private Gymnasium
- Experienced Management Company
- Prices from £69,950
Why Invest in Student Accommodation
Student property is one of the most lucrative ways to expand your property portfolio in the UK.
Private student accommodation continues to outperform all other forms of property investment in the UK. With low entry prices, stable yields and low void periods, it’s one of the most lucrative ways to expand your portfolio. Plus, there is zero stamp duty payable up to £125,000.
Although most first-year students secure university-owned accommodation, others need to look elsewhere. This results in more than 70% of students in university towns renting privately – and they’re demanding convenient locations, quality furnishings and on-site amenities. This offers you a compelling investment opportunity.