Museums at Liverpool’s Albert Dock are Set for £58m Investment

The Royal Albert Dock in Liverpool is renowned for its beautiful and historical buildings and is home to the largest collection of Grade I listed assets in the UK outside of London.

It has previously been announced that work will be undertaken to make the district even more appealing, including a revamp for two of the dockside museums. This week, an application revealed detailed designs for the project that will link the Maritime Museum and the International Slavery Museum.

Funds for the scheme have been sourced from the Department for Levelling Up, Housing, and Communities and the National Lottery Heritage Fund. Work is slated to start on site in spring 2025, dependent on planning permission. This means the museums will close and reopen in 2028 when the work is completed.

The area around the Albert Dock has become a prime location for investing in buy-to-let new build properties, as affluent young professionals flock to the area. This has drawn more investors to the Liverpool buy-to-let market. Why not learn more about the different types of real estate investments open to you.

As mentioned previously, new build developments have been springing up around the Royal Albert Dock, as tenant demand from young professionals has soared, and the district is becoming known as one of the best buy-to-let areas in Liverpool.

Not only is the location conveniently in the centre of Liverpool, in good proximity to the city’s major employers and educational institutes, but it also offers fantastic views and a bustling and exciting atmosphere. Maritime View – Liverpool, a new-build apartment complex in the area, is one example of a development with a stunning view of the dock area.

According to Knight Frank, properties with a view of water grow in value quicker than similar non-waterfront properties, making them a popular choice for investors.

As the Albert Dock benefits from regeneration schemes and becomes more of an in-demand area, its potential for capital value growth is likely to improve even further.

Find out more about the UK property market and other safe investment options with our latest buy-to-let area guides covering topics such as investment property available in Brixton and investment property available in Dewsbury.