One Islington Plaza 1-10 Devon St 5,650 sq ft 100% Let Retail Property Liverpool L3 8HA For Sale

The property is situated off Devon Street in the Islington district of Liverpool, an area that has experienced significant regeneration in recent years. Driven by increasing demand for both PBSA and residential accommodation, Islington has evolved into a vibrant and well-established living quarter. The property benefits from excellent connectivity, with Liverpool city centre located an 8-minute walk to the west via New Islington Street and Hunter Street, providing direct access to the city’s retail, leisure and commercial amenities. Liverpool Lime Street railway station is within a 10-minute walk, offering extensive regional and national rail services. The property also benefits from convenient access to the M62 motorway via Edge Lane, providing direct links to the wider motorway network. The immediate vicinity comprises a strong mix of purpose built student accommodation and residential developments, supported by a range of local amenities including supermarkets, cafés, bars and restaurants.
The property is located within one of the UK’s most prominent student markets, with a total student population of approximately 70,000 across several higher education institutions. One Islington Plaza occupies a central position on Devon Street, within close proximity to both the city centre and key university campuses. The University of Liverpool is approximately a 12-minute walk, Liverpool John Moores University a 13-minute walk, and Liverpool Hope University’s Creative Campus is just a 1-minute walk away. Liverpool benefits from a diverse and growing economy, with key strengths in healthcare, education and professional services. The city continues to attract a strong cohort of both domestic and international students, with overseas students accounting for approximately 25% of the total student population.
One Islington Plaza is a modern, purpose-built student accommodation scheme comprising 317 leasehold units, including a mix of studios and cluster flats. The subject property comprises 15 individual leasehold rooms, arranged as x2 self-contained cluster flats configured in 6-bedroom groupings and three self-contained studio flats. Each cluster benefits from shared kitchen and living facilities. The units are held on long leasehold interests for a term of 250 years from 11 October 2016. Completed in 2019, the building is of modern construction and is presented in good overall condition. The development provides a comprehensive range of on-site amenities, including a gym, cinema room, communal lounge, dedicated study areas, games room, secure cycle storage and an on-site management team. Individual units are fully furnished to a good standard, typically including a bed with under-bed storage, study desk and chair, wardrobe, and a private en-suite bathroom.
This opportunity constitutes a professionally operated pooled student investment structure, with returns deriving from the wider trading performance of the block rather than individual unit performance. We understand that gross income from the scheme is combined into a single income pool before operating costs, service charges, ground rent, and management fees are deducted. The resulting net operating income is distributed to individual unit owners via a pre defined weighting ratio based on unit type and relative rental value. Through this structure, performance is linked to the whole scheme's success, mitigating exposure to single-unit vacancy risk. The scheme is fully managed by Cloud Student Homes, encompassing lettings, rent collection, maintenance, and tenant management, providing a hands-off passive investment opportunity. Tenancies are agreed on a 44–48 week basis, aligning with the academic year. The scheme does not offer short-term summer lets, allowing for planned annual maintenance and refurbishment.