You may have previously heard of the Baltic Triangle- it’s a new, fast-growing area in Liverpool that has evolved, being a heavily industrial location known for factories and workshops in the 1800s, to an incredibly popular, expanding area thriving with students and young professionals, especially in the tech-creative industry.
Why has it become so popular?
It has become the home of creative and digital business, and renowned for being a raw, exciting place, much different to the standard polished areas which are not nearly as sought after. With a huge range of alternative dining, a thriving nightlife, and incredibly diverse cafe’s, it’s growing every day.
Is it easy to get to?
Located very close to the city centre, either a 10-15 minute walk or an impressively speedy Uber away, the Baltic Triangle is taking footfall away from Liverpool City Centre with the range of music venues, late-night raves and unique event spaces that it has to offer. This growth is increasing constantly, with the Baltic Creative CIC who oversee this new sector having to expand to manage the amount of companies going through them to find workspace within this area. It’s heavily competing with Liverpool’s Commercial District by the waterfront, and with new businesses popping up every week, the opportunities for work are increasing constantly too.
The Baltic Triangle is also close to Toxteth and the Docks, making it the perfect location for anyone in those surrounding areas to head in, being such an easy commute. There is a wide range of new businesses opening around the Baltic Triangle, which is just one of the reasons it’s proving so popular as there is something for everyone to enjoy.
So how popular is it?
It has been voted one of the coolest places to live in the UK by The Times Newspaper and is a prime location, mirroring the social scene of Bold Street, another reason it is so popular with young creative professionals.
Is it a potential investment opportunity?
It’s also being recognised by various developers and investors in the UK as having significant potential in the area for the buy to let market, with a high rental yield and a low property prices, it’s a great investment for those looking to get into the property market. Liverpool is also one of the top UK locations for investments, with the Baltic Triangle being exactly the kind of place that is making it so popular. There are also three universities in Liverpool, creating a huge student population; another reason that it’s such a great location to invest in property, as the need for student accommodation will keep growing.
Liverpool also has one of the highest Graduate Retention Rate in the UK, and with students staying on after finishing University needing accommodation, this is another reason the yield percentages for investors in this area are higher.
The Baltic Triangle is constantly evolving and growing, with new businesses expanding from the old renovated warehouses, making it a unique but incredibly popular area for anyone looking for a new opportunity.