Castle Gallois

Search from thousands of properties online from the finest CGP approved international agents all on one site

Back to search results

Apartment for New Build in United Kingdom, Plymouth, Plymouth
United Kingdom, Plymouth, Plymouth CGP: CGP:PLYM001

Bedrooms 1 Bathrooms 1

Beaumont Square is a new purpose built student accommodation development, providing 39 modern high quality studio apartments to the significantly undersupplied student market in Plymouth.

Located less than a mile away from Plymouth's high performing education institutions, the city centre, and the beautiful harbour, Beaumont Square is the latest development in this coastal UK city.

This modern purpose built student accommodation development provides investors with an 8% NET rental return that is contractually assured for 3 years from completion of the property.

The development offers students in this growing university city 39 excellent self- contained studio apartments, complete with an en-suite shower room and a kitchenette. Beaumont Square will also have a range of excellent communal facilities including Laundry Room, Reception, and 24 hour CCTV.

the building will benefit not only from high end hotel apartment style finishes, but also a range of state of the art facilities. To manage the properties 'Urban Student

Life', a specialist and established student housing operator, will oversee the entire management, tenancy and staffing of the project once complete.

The studios in Beamount Square will be let to students on 51 week tenancies on a weekly rental starting from £154.

Tenants will benefit from the high quality build and convenient location of the apartments, whilst owners of the apartments will gain an

assured rental income over the first 3 years of ownership of 8% NET based on the

purchase value of the apartments they own.

Investment Returns Example

  • If purchase price is £78,500
  • Your rental income would be from £6,280 per annum
  • Net Yield assured at 8% NET for 3 years
  • Your returns would be from £18,840 in the first 3 years

THE PURCHASE PROCESS

The purchase process in Beaumont Square is simple. After selecting an available

unit to purchase, complete the steps outlined below to acquire your property.

1. Reservation - Reservation form completed & £5,000 reservation fee

paid. This includes the £1,000 admin fee. The remaining £4,000 from your

reservation fee will be deducted from your deposit amount on exchange.

2. Solicitors Instructed - Solicitors instructed, Legal pack sent out &

anti-money laundering process completed.

3. Exchange of Contracts - 25% of purchase price to be paid to solicitor

(minus reservation fee already received) and contracts exchanged within 28 days

of reservation.

4. Legal Completion - The remaining 75% of the purchase price is paid. The purchase

is then completed and Title Deeds are then registered with the UK Land Registry.

After completion the apartments will be managed to generate ongoing rental income.

Owners will be paid rental income equivalent to 8% NET per annum for the first 3 years.

Property marketed by Castle Gallois Properties.
Visit our website www.castlegalloisproperties.com
or call us now on 00 44 2921280112.
Follow us on Facebook.com

  • Bedrooms: 1
  • Bathrooms: 1
  • Toilets: 1
  • Do you cook: 1
  • Energy Rating: In process

Calculate mortgages

Currency exchange

  • Pounds: 69.848 GBP
  • Russian ruble: 5.469.715 RUB
  • Swiss franc: 88.171 CHF
  • Chinese yuan: 618.666 CNY
  • Dollar: 91.798 USD
  • Swedish krona: 752.187 SEK
  • The Norwegian crown: 729.877 NOK
  • January 0 €
  • February 0 €
  • March 0 €
  • April 0 €
  • May 0 €
  • June 0 €
  • July 0 €
  • August 0 €
  • September 0 €
  • October 0 €
  • November 0 €
  • December 0 €

Send to a friend

×

Notify me of price drop

×



© 2017 Castle Gallois ● All Rights Reserved ● LegalPrivacyWeb map ● Design: Mediaelx