Features / Business
Exciting New Bristol Student Accommodation Development
Sponsored Feature
A new student development available for investment on Lower Ashley Road is due for completion in September 2019. Lower Ashley Road is a three-storey 78-unit development based just north-east of Bristol’s city centre. Its location means that it is convenient for the 51,000 students who attend either the University of Bristol, or the University of the West of England (UWE). Both of which are reachable either on foot or via direct public transport links.
Studios in Lower Ashley Road start from £89,950 and a rental yield of 8% is guaranteed for three years. Lower Ashley Road will boast free wi-fi for students to study outside of university and communal facilities such as a games room, lounge areas, laundry facilities and gardens. The security of the students is also considered, and the development employs 24 CCTV and a fob-based access system. Each studio will come fully furnished and students will have access to their own en-suite and cooking facilities. A management company has been appointed to oversee the day-to-day running of the development. This makes it a completely hands-off investment, as investors do not have to concern themselves with finding new tenants or general maintenance tasks.
Worldwide estate agent Savills has consistently rated Bristol as one of the best cities to invest in student housing developments. Cities are ranked on a combination of factors, including the current supply and demand, affordability and scope for rental growth. In 2017 Savills placed Bristol in Tier One, cities placed in the Tier One are predicted to perform the best in terms of occupancy rates and rental yields that can be achieved.
Bristol is already a popular city with investors, and these sorts of accolades only solidifies its position as one of the best cities for student accommodation investments in the UK. Contact us today to find more about Lower Ashley Road, a rare investment in one of the UK’s most coveted cities.
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