Image by McCoy Wynne

Glenbrook/Moorfield’s PRS 50% let on completion

The first tenants are due to move into the 240-unit apartment conversion of the HMRC office at Queen’s Dock, Liverpool this coming weekend.

All of the studio apartments, 80% of one beds, 25% of two-bed and 33% of three-bed apartments have been taken up by tenants.

The £30m transformation of the former customs office was carried out by main contractor Pochin, and includes a residents’ gym and waterside terrace. The flats surround a central quay and overlook the River Mersey.

As a Private Rented Sector scheme, the entire development is owned and managed by a single entity, in this case the joint venture between developers Glenbrook Property and Moorfield, rather than by many different private landlords. Tenants will have on-site property management and a 24-hour customer help service.

Matthew Smith, from Touchstone Residential, letting agent, said: “The Keel has generated extremely high levels of interest from the outset, with strong demand for viewings since we unveiled the development back in June.

“The Liverpool rental market is very competitive, but the outstanding interiors of the show apartment, proximity to the city centre and superb riverside location have really captured people’s attention.”

At the time of the launch to market rents were £500/month for studios; one bedroom properties from £565; two bedroom units started from £775; three bedroom units from £1,200.

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