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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

Take a Virtual Tour of the Properties!

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!

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Facilities & Specifications

Gym

rooftop

Rooftop Terrace & Bar

Spa

Museum & Cafe

Resident Lounge

Bicycle Storage

Reception & Concierge

Eco-Features

Floor Plans

Manhattan apartment
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1 bed apartment
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2 bed apartment
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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

Location Overview

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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Legacie Developments

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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UK Property Awards 2024-2025
YML property and business award
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Recently Completed Developments

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ELEMENT the Quarter

ELEMENT the Quarter

Completed in 2023

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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

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