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New buy-to-let development starts construction in Liverpool

A buy-to-let development called Portside will come to market in Liverpool led by property developer Integritas Property Group.

There will be 198 units across two blocks, comprising of one and two bedroom apartments.

The development is expected to offer an anticipated rental return of 6.35% and boats a 999-year lease.

Properties at Portside Place start from £181,000. Work is expected to start in Q4 of 2024 and be completed in Q2 of 2026. Big Red Construction Limited is undertaking the development’s construction with an architectural design by NC Architects.

Mitchell Walsh, chief executive of Integritas Property Group, said: “The launch of this brand-new development represents another significant milestone for IPG, offering investors and renters alike the chance to enjoy a slice of one of the most vibrant and fastest-growing places in the UK.

“It comes at a great time for the North West property market, with Savills recently outlining how the North West is forecasted to deliver the highest house price growth over the next five years. I think people are now really switched on to the amazing communities we have across the region, and investors continue to show a strong commitment to helping the North West compete on the world stage.”