They’re saying that it’s the five miles that will change Liverpool forever. The area that is set to see dramatic change in the coming years is the iconic waterfront from where this open-minded city looks out towards the world. Liverpool is a growing city – there is no doubt about that and there are new developments springing up and new businesses choosing this fine place as their new home. It’s a perfect time to invest in your own rent to let or HMO.
There is currently an unprecedented amount of multi-million pound projects in the works covering a stretch of five miles of the waterfront – which has been described by city Mayor Joe Anderson as an ‘unprecedented and transformational opportunity.’ From the famous Festival Gardens site in the south of the city, all the way to Bramley Moore Dock, where Everton Football Club will soon build its new home. A five-mile stretch that will see £2bn worth of developments.
Liverpool’s Festival Gardens are part of the 100-acre former tip site in Otterspool that was redeveloped to house the Liverpool International Garden Festival in 1984. The council has an ambitious vision to redevelop the site, preserving the Festival Gardens but building homes elsewhere on the festival site. It wants to turn the land into a £700m “cultural garden suburb” including up to 2,500 homes and potentially a leisure attraction.
As you make your way along the five-mile journey of transformation we head out of the Festival Gardens and onto Riverside Drive, the road which surrounds it and heads towards the city centre. The council is planning a £45m project of improvement works to the highway’s infrastructure. There are also plans afoot for a new £3m coach park to be created.
Kings Dock is already the single largest development on the city centre waterfront itself but there’s plenty more to come. A new Kings Dock Master Plan will shortly be released showing additional opportunities and we are told major announcements are to follow. As part of the city centre connectivity scheme, the council wants to build four new foot-bridges to run across Canning Dock, improving connectivity in the heart of the city’s World Heritage site.
One of Liverpool’s most important and recognisable roads, The Strand, is a central – and most controversial – part of that major city centre connectivity scheme. A big pursuit of that scheme is to make the city centre easier and more appealing to walk and cycle around and to keep traffic flowing.
As Liverpool continues to invest in itself, it is truly a great time to make some investments of your own.