Apartment for New Build in United Kingdom, Plymouth, Plymouth
United Kingdom, Plymouth, Plymouth
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
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.
- Bedrooms: 1
- Bathrooms: 1
- Toilets: 1
- Do you cook: 1
- Energy Rating: In process
- Pounds: 70.167 GBP
- Russian ruble: 5.498.619 RUB
- Swiss franc: 91.814 CHF
- Chinese yuan: 614.176 CNY
- Dollar: 92.591 USD
- Swedish krona: 780.628 SEK
- The Norwegian crown: 762.730 NOK
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