- Surrenden Invest launches Liverpool’s iconic new development, The Tannery
- Historic Tannery enjoys prime spot in Liverpool’s most desirable area
- 6% NET yield & long-term growth projections appeal to domestic and international investors alike
In 1899 three brothers named Boston founded the Garston Tanning Company in Liverpool’s Garston, Merseyside.
The company would provide leather hides for the automotive, furniture, shoe and fancy leather goods industries. The family-run business opened its processing factory on Garston’s King Street and over the next 100 years employed generations of local families.
In its heyday, Garston’s Tanning Company was one the largest producers of leather upholstery for the European car trade and one of the most important leather goods producers in the UK, handling about 12,000 hides per week. In 1971 Garston’s installed one of the largest tannery drums in the world on its factory floor.
In the late 1970s jobs began to dwindle as foreign manufacturers took up the lion’s share of available raw materials. In 1999 Scottish Leather bought Garston’s, and seven years later the tannery on Kings Street was finally closed due to a downturn in sales, thus ending over 100 years of tradition and dedicated family craftsmanship.
The old tannery site stood derelict for the next decade until it was taken over by developer the Vinco Group to be transformed into 106 residential studio apartments, 136 one-bed and 139 two-bed apartments which comprise the luxury site today.
The Tannery, exclusively available from investment agency Surrenden Invest, enjoys a prime position in Liverpool’s L3 postcode area to the north of the city centre. It is just 1.1 miles from the 125-acre Ten Streets regeneration project, which is set to create some 2,500 jobs, as well as being close to the £150m Great Homer Street regeneration scheme (known as the Jennifer Project), with its flagship new Sainsbury’s superstore and extensive retail offering.
This historic, once industrial part of town is rapidly becoming one of the most desirable and trendy investment locations in Liverpool, with The Tannery standing out as an iconic building on one of the most covetable roads in the city.
The building’s design draws from the site’s history as a tannery. Folded aluminium panels resemble the hanged leather that the site’s original building once housed, while horizontal breaks in the façade represent the leather press.
“We are delighted to be able to offer our clients a brand-new opportunity which far surpasses anything else previously available in the Liverpool area. This project delivers the design, specification and quality formerly limited to large capital cities such as London. Not only that, but we are very proud to have been able to contribute to the bringing back to life of an important corner of the city which has a fascinating socio-cultural history.”
Jonathan Stephens, MD, Surrenden Invest
Apartments at The Tannery will offer bright, contemporary residences that blend spacious, private accommodation with extremely well designed communal areas and amenities. Facilities such as 24hr concierge, on-site gym, laundry facilities and underground secure parking are just some of the comforts which come as standard. Impressive views over the city centre complement modern interiors, designed to offer both comfort and contemporary appeal to urban residents.
Liverpool itself is packed with attractions which have contributed to its ranking as one of the UK’s top 5 visitor destinations. The city has also been enjoying sustained property price rises, with data from Zoopla showing an increase in home values of 5.52% over the past year and of 28.35% over the past five years.
Prices at The Tannery start from £85,000 with net rental yields estimated at 6.0%.
For more information contact www.surrendeninvest.com
London office: 0203 3726 499
Liverpool office: 0151 3477 459