8:57 AM, 12th July 2017, About 5 years ago
Beaumont Square comprises 39 purpose-built student studios occupying a prime location close to Plymouth’s city centre and the University of Plymouth. Due to be completed in time for the influx of new students in September, Beaumont Square promises a net yield of 8% assured for three years.
It is ideal for students who wish to enjoy Plymouth’s nightlife and social offerings, as well as the short commute to lectures and seminars. The University of Plymouth is the 9th largest in the UK in terms of student numbers, and currently over 23,000 students are enrolled with the university, which means we anticipate high demand for the units.
Supply of Student Accommodation in Plymouth
Plymouth City Council introduced an Article 4 Direction which means that licensing for small HMOs has been restricted. This can stabilise the amount of accommodation available in the area, particularly for students to ensure the market does not become oversaturated. The Article 4 Direction benefits developments such as Beaumont Square as it ensures there will be demand for rooms in the building, and consequently that investors will get their rental yields. Beaumont Square’s prime location will also allow it to stand out against other similar developments.
Contact us on the form below to find out more about this exciting new student development in Plymouth, and how the Article 4 Direction and limitations on new developments can positively affect occupancy levels and yields.
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