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Resting on the city side of the Heap’s Mill development, Rice Works comprises two contemporary blocks of serviced apartments that blend seamlessly into the Grade II listed architecture of The Mill.
A high-income and versatile investment opportunity in the North West, Rice Works is the perfect entry point to the lucrative short-term rental market.
Rice Works is a striking new-build residential development that will form part of the Heap’s Mill development. This scheme will become a central landmark, linking the Baltic Triangle with Liverpool One and the Royal Albert Dock on the waterfront. This revolutionary project will introduce a range of apartment styles designed over four distinct blocks, as well as incorporate an upmarket four-star hotel into the master plan.
All properties within Rice Works have serviced apartment short-stay planning consent, making them ideal for investors interested in entering the short to medium-term rental market. With access to the five-star residential facilities of the Heap’s Mill development and close to Liverpool’s main attractions and concert venues, Rice Works offers an incomparable opportunity to profit from a short-term rental market that’s growing by the year.
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Bringing a range of opulent Manhattans, 1 and 2-bedroom apartments to the Heap’s Mill development, each diligently designed living space comes complete with a fully integrated kitchen, premium flooring, and expansive windows that enhance the stunning city views, appealing to a broad tenant base.
This is an unbeatable investment opportunity in a highly connected location with extraordinary onsite facilities including a spa, rooftop bar, and even a museum. The development utilises sustainable and energy-saving technology throughout to maximise potential EPC ratings and keep running costs down.
Development Overview Video
Investment Overview
Starting Price
£159,950
Projection by 2029
29.4% Capital Growth
NET Return
7% Projected
Management Option
Available
Annual Rental Income
Up to £21,347
Liverpool
Baltic Triangle L1
You can take a full Virtual Tour showing the development’s exterior, the interior of each property type, facilities as well as a bird’s eye view of the area. Simply select a time and day and we will happily take you through this exciting project! Sessions are usually 15 minutes!
Gallery
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Facilities & Specifications
Gym
Rooftop Terrace & Bar
Spa
Museum & Cafe
Resident Lounge
Bicycle Storage
Reception & Concierge
Eco-Features
Floor Plans
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Key Investment Figures.
Apartment Example: Manhattan Apartment
Investment:
Property Price: £167,950
Average Rent Per Night: £150
Average Occupancy: 48%
Estimated Annual Rental Income: £26,280
Projected Fees:
Service Charge Est: £3 per ft2
Management Fees: 10% + VAT*
Ground Rent: ZERO
*Management Fee excludes booking fees from Airbnb or similar websites, property cleaning, linen laundry, and related rental services.
Further Investment Details:
Leasehold Term: 999 Years
Construction Commenced: Q4 2017
Estimated Completion Date: Q2 2026
Investors in Rice Works will benefit from the property’s central location and proximity to key Liverpool landmarks. As part of the Heap’s Mill development, Rice Works will be ideally located between the Baltic Triangle and all of Liverpool’s central amenities and attractions.
The Baltic Triangle is a pioneering new destination on the edge of the city’s iconic docklands. £128 million is being invested across the 93-acre site where there are now many bars, restaurants, and entertainment venues.
Voted number 1 in a list outlining the ‘coolest’ places to live in Britain by The Times, the Baltic Triangle is a vibrant, mixed-use zone for young professionals and creatives. The area is also one of the driving forces behind the success of Liverpool’s digital economy, home to over 500 firms in technology, media, and creative industries.
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Royal Albert Dock
Royal Albert Dock
0.8 miles From Rice Works
Home to the M&S Bank Area
£58m Investment in Museums
Most Visited Tourist Attraction in Liverpool
Most Grade I Listed Buildings Outside of London
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Ropewalks
Ropewalks
0.1 miles From The Mill
Popular Bars & Restaurants
Independent Businesses
Oldest Chinatown in Europe
Liverpool Central Station
Grade I Listed Bluecoat Building
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Liverpool One
Liverpool One
0.06 miles From The Mill
£960m Regeneration Project
Premium Corporate & Commercial Space
UK’s Largest Open-Air Shopping Centre
Over 30 Million Visitors Last Year
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Baltic Triangle
Baltic Triangle
0.2 miles From The Mill
£128m Regeneration Project
New Merseyrail Train Station Opening 2027
Enhanced Cycle & Pedestrian Routes
Over 500 Businesses & 3,000 Employees
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Liverpool Waters
Liverpool Waters
0.7 miles From The Mill
£5.5bn Liverpool Waters Regeneration Project
150 Acres of Former Docklands
3.3m ft² Business Space
Key Part of Atlantic Gateway Initiative
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Lime Street Station
Lime Street Station
0.6 miles From The Mill
Main Station Serving Liverpool
£140m Transformation Finished in 2018
£39m Lime Street Gateway Project
36 Mins to Manchester, 2 Hours 13 Mins to London
Location Map
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Based in the North West, Legacie Developments has built an impressive portfolio of completed works since its establishment and is responsible for some of the most popular residences in Liverpool and Manchester.
With an established portfolio comprising 28 world-class developments, each completed to an impeccable standard, Legacie Developments specialises in creating luxury living environments in key UK cities.
North West Property Developer of the Year
28 Developments Launched
2,850 Units Sold
£475 Million Completed Projects
Award-Winning Developer
Legacie Developments has gone from strength to strength since its establishment, being recognised on numerous occasions for its world-class work.
From the delicate restoration and redevelopment of listed buildings to pioneering projects that have seen the construction of some of the UK’s most stunning residential highrises, Legacie has cemented its status as one of the principal names in property development.
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Parliament Square
Parliament Square
Completed in 2024
1, 2 & 3-Bed Apartments
Multi-Award-Winning Development
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ELEMENT the Quarter
ELEMENT the Quarter
Completed in 2023
En-Suites, Studios & 1-Beds
Best Sustainable Development Award
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Ropemaker Place
Ropemaker Place
Completed in 2018
1 & 2-Bed Apartments
Prime Central Liverpool Location
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Reliance House
Reliance House
Completed in 2018
Studios, 1 & 2-Bed Apartments
City Centre Location