Liverpool Waters is a huge, ambitious project which will see the city’s northern docklands area completely transformed in a £5bn scheme.
Located on the River Mersey waterfront, the 60-hectare project will ultimately see the creation of five new, unique neighbourhoods – Princes Dock, Central Docks, Clarence Docks, Northern Docks and King Edward Triangle.
With a huge range of opportunities available for investors, the 9,000 residential apartments will bring the historic docklands back to life, offering residents world-class leisure facilities, as well as restaurants, bars and cafes alongside a cultural hub and retail spaces. The development will create a new prime location for city dwellers, including both owner-occupiers and renters, where they can live, work and play all in one area. As the needs of today’s Generation Rent as well as young professionals shift, Liverpool Waters will be ready to cater for future inhabitants of the space – and is a great place for investors who are looking for a future-proof, long-term opportunity.
One of the major benefits of the development, as well as attracting scores of new city-centre residents which will provide a huge boost to the local economy, is the significant increase that will be seen in Liverpool’s cultural and business offering. As a government-designated Enterprise Zone, companies seeking to relocate here will have access to a number of benefits, including a 100% business rate discount for five years up to £275,000, a simplified planning regime, and greater access to local labour and talent.
The project will also include a new cruise liner terminal, as well as a new ferry port for the Isle of Man. According to planners, the proposed cruise liner terminal will be located 300 metres from the current one, with a capacity of around 3,600 passengers per turnaround. The Isle of Man ferry terminal will replace the current, outdated facility, with an additional road for access to the port planned which will benefit the whole area.
Park Central – Waterfront apartments in the £5bn Liverpool Waters regeneration scheme
Park Central is the second phase of the Central Docks residential developments consisting of 129 one- and two-bed apartments. Located directly opposite a new 12-acre park and on a £9 million boulevard, Park Central is effectively an island site that will have uninterrupted views of either the parkland or the canal riverway towards the city centre.
The vast area of parkland being created as part of the project will be the focus of Central Docks around which unique business, entertainment and leisure spaces will create the beating heart of Liverpool Waters.