Construction Update: Beaumont Square set to welcome Plymouth students this September
- Brand new Beaumont Square residence set for completion in August 2017
- Colossal £266 million investment programme set to transform Plymouth, will no doubt enhance its attraction to students (Aspen Woolf)
- Investors benefit from an assured 3-year NET return of 8% as early as September, with students to move in for the upcoming academic year (Aspen Woolf)
With the current academic year nearing its exam led conclusion, students will be looking to their accommodation options for September. And with demand vastly outweighing supply, new and existing students will be keen to secure a spot for themselves.
As key university cities continue to attract thousands of students every year, it’s no surprise that many B2L investors are turning to Purpose Built Student Accommodation (PBSA). According to figures from HESA, the coastal set Plymouth University was home to 23,155 students in the 15/16 academic year alone. Highlighting an incredibly buoyant market for those investing in PBSA in the city.
To answer this ongoing demand, Oliver Ramsden Director of Aspen Woolf, leaders in providing wealth building opportunities for investors of all levels through property, is delighted to confirm that their brand new Beaumont Square accommodation will be ready for students to move in this September. He comments,
“Plymouth will be the location for a vast array of investment projects over the forthcoming months and years. The colossal £266 million investment programme set to transform the city centre, will no doubt enhance Plymouth’s attraction as a place for students to complete their studies.
“The greater number of students choosing Plymouth will in turn increase the number of student beds required, with PBSA emerging as the savvy investment option. With work on the internal walls of block B due to be complete by the end of next week, we are confident that our Beaumont Square residence is on track for completion as soon as August. Meaning students will be able to choose the luxury accommodation from September 2017.”
Located in an idyllic location, Beaumont Square is less than a mile away from Plymouth University, the bustling city centre and the beautiful harbour of this coastal city with prices starting from just £78,500 for the exclusive studio apartments.
“Those investing in Beaumont Square can benefit from an assured 3-year NET return of 8% as early as September, with completion of the development allowing students to move in for the upcoming academic year.”
Every apartment will be offered fully furnished to prospective student tenants and the building will benefit from high end hotel apartment style finishes. Residents will also be able to enjoy an array of additional facilities including a laundry room, staffed reception area and the security of 24-hour CCTV.
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