Ying Wah Beaumont Square Plymouth Brochure

INTRODUCING: BEAUMONT SQUARE 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 selfcontained 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.

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PLYMOUTH: BRITAIN’S OCEAN CITY 52 towns and cities worldwide share its name, but the Plymouth residing on the south coast of England is mother to them all. The largest port city on the south coast, Plymouth is steeped in Britain’s proud maritime history.

The natural heart of Plymouth is the area known as ‘The Hoe’, providing stunning views over Plymouth sound, one of the most perfect examples of a natural harbour in the world. This area is home to the iconic Smeaton’s Tower Lighthouse and the Tinside Lido, a gorgeous art deco swimming spot voted one of the top 10 best outdoor pools in Europe.

Whilst wandering the cobbled streets there is a high chance of viewing some of Plymouth’s heritage listed buildings, after all there are 750 in the city. Over 100 of them can be found in the Barbican area alone!

It’s undeniable that the ocean is a major feature of the city, but direct your attention landward and you will find that over 40% of Plymouth is greenspace, with 100+ hectares of wildflower meadows spread across 40 sites.

“ Plymouth is the best place to live in the country in terms of good schools, clean air, value and quality of housing and access to sparkling sea…”

The Guardian - 2013

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A CITY WITH VISION During World War II large sections of the city centre were destroyed, but Plymouths tight knit community saw this as an opportunity to improve and rebuild the city that they love. Once again the people of Plymouth have banded together to propose a regeneration scheme known as ‘A Vision For Plymouth’, The scale of which is second only to that of the post war period.

Launched in 2003 ‘A Vision For Plymouth’ proposed a £266 Million regeneration project, delivering the highest possible quality buildings and public spaces the likes of which attract and sustain the successful business, education, living, and recreation opportunities for citizens, investors, and visitors alike. This exciting undertaking is aiming to make this vision a reality by 2020.

Today that vision is already reality! Residents are enjoying a flourishing community where the grand old once derelict buildings are now alive with cafes, bars, restaurants, museums, art galleries, offices and residential spaces.

Plymouth is quickly establishing itself as a shopping hotspot, in fact it is now the second largest shopping region in the south west. In October 2006 the £170 Million Drake Circus shopping mall opened its doors, 10 years on and Drake Circus has welcomed over 176 Million shoppers, contributed over £1.3 Billion to the Plymouth economy, whilst creating 1,750 jobs in the process.

“ There is a buzz about Plymouth at the moment - and it is not just the hum of machinery on building sites.

People stop each other in the street to talk about the changes they see around them. They are no longer on the sidelines and their interest in their own city has been revived. The vision requires much work and its delivery I am pleased to say has already started.”

Councillor Tudor Evans - Leader of Plymouth City Council

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PLYMOUTH: A STUDENT DESTINATION Plymouth is home to 3 major educational institutions: - The University of Plymouth - Plymouth College of Art - City College Plymouth

Plymouth University ranks in the top 2% of degreegranting institutions of higher education worldwide.

The multi-award winning University of Plymouth is the 9th largest university by student population in Britain.

Gaining a reputation as a world class university city.

In Plymouth over 37,000 students enrolled in higher education in 2015/16.

Students spend ÂŁ8.5 Million in Plymouth every week on their accomodation.

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PLYMOUTH UNIVERSITY Originally founded in 1862 as a School of Navigation, the University of Plymouth has constantly built upon its deep roots. The University is now ranked among the highest education institutions in the world, with The Times Higher Education ranking the University of Plymouth 4th in the UK and 59th globally.

In 2012, the University of Plymouth chose to make the most of its costal setting opening the £19 million Marine Building, which houses some of the country’s most advanced wave tanks, and provides crucial testing facilities for the development of marine renewable energy technology. It was fitting that such a facility should be opened on the 150th anniversary of Dr Merrifield’s founding of the School of Navigation, and coincided with the award of that second Queen’s Anniversary Prize.

Since 2012 the University of Plymouth has seen even more growth with the construction of a £7 million performing arts centre; a stunning £5 million waterfront teaching, research and scientific diving station; new research laboratories at the Derriford campus; and investment in a new student health and wellbeing centre.

The University has a strong reputation for sustainability, particularly for the way it has embedded it into the curriculum. From several hundred students to the over 23,000 enrolled today – and with more than 100,000 alumni in more than 100 countries, Plymouth has become one of the largest and most influential universities in the UK, with research and teaching that positively impacts cultures and economies across the globe.

Higher Education

Recognising commitment to

Sustainable Restaurant

Promote women in

Stonewall Diversity

Academy strategic

advancing women’s careers in

Association award SRA

science, technology

Champion

partner 2016-17

STEMM academia

Social Enterprise Mark

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Guardian university

and engineering.

Global

Bloomberg Best UK

award for teaching

Green Gown awards

Entrepreneurship

Employers 2016

excellence

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PLYMOUTH COLLEGE OF ART Some people say that true craftsmanship can no longer be found in today’s flat-pack pre-fab world, but Plymouth College of Art begs to differ. The college has struck a balance of analogue vs. digital creative courses teaching the likes of ceramics, printing, and glasswork alongside the more modern computer based graphic design, video games, and digital photography and film making.

Demonstrating their commitment to the melding of traditional and modern creative disciplines Plymouth College of Art have invested almost £8 million into a new specialist art, craft and digital design centre. These state-of-the-art ceramics, glass and digital design workshops were officially opened by Sir John Sorrell in 2014.

The college has proven to be a major catalyst in redefining the culture of Plymouth and the entire South West region, By providing an innovative and supportive learning community in contemporary arts practice, and developing the colleges’ distinctive profile of their work nationally and internationally, this cultural shift has positively affected the social and economic life of the entire city.

“ You are creating something which doesn’t exist anywhere else – this is the first school based in the creative arts sponsored by an art college anywhere in the country… I hope that Plymouth will get the credit when it’s copied all over the United Kingdom.”

Sir Nicholas Serota - Director of Tate

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THE NEXT LEVEL IN STUDENT LIVING Beaumont Square will provide a total of 39 purpose built modern student apartments for the Plymouth student housing market. Each property will be completed to the highest standard with attention to quality finishes, high speed wireless broadband throughout and good usage of space, these properties will provide the perfect residence for the student population in Plymouth being conveniently located for both Plymouth University, Plymouth College of Art and the city centre.

Every apartment will be offered fully furnished to prospective student tenants and 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.

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BEAUMONT SQUARE LOCATION

PLYMOUTH STATION

Beaumont Square is situated close to both Plymouth University and Plymouth College of Art, allowing students a short walk to and from classes. The close proximity to the historic harbour and the city centre is perfect for down time when it comes time to pack away the books.

PLYMOUTH UNIVERSITY

Plymouth College of Art - 0.4 mile | 9 min walk Drake Circus - 0.7 mile | 14 min walk Plymouth University - 0.7 mile | 15 min walk National Marine Aquarium - 0.9 mile | 19 min walk Plymouth Station - 1.0 mile | 20 min walk

PLYMOUTH COLLEGE OF ART

Theatre Royal Plymouth - 1.0 mile | 20 min walk The Royal Citadel - 1.0 mile | 21 min walk Smeaton’s Tower - 1.2 mile | 25 min walk

DRAKE CIRCUS

Tinside Lido - 1.3 mile | 28 min walk All distances and walk times taken from google maps.

THEATRE ROYAL PLYMOUTH

NATIONAL MARINE AQUARIUM SMEATON’S TOWER

THE ROYAL CITADEL TINSIDE LIDO

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THE DEVELOPER Cheshire Acres expertise with commercial and residential properties have grown from strength to strength over the past 25 years.

Having had the privilege of working on office blocks, renovations, conversions and commercial buildings in town centres, Cheshire Acres have had the opportunity to hone their craft. A fully experienced developer who will provide an integrated building service to the highest quality.

Their building experience ranges from Schools, Medical Centres, Shopping Plazas, Office Blocks, Training Centres and much more!

Cheshire Acres will ensure the space is used effectively taking into account the extra detail that Beaumont Square requires. An experienced developer who fully complies with all building laws, health and safety and Insurance regulations.

Developments such as Beaumont Square require a vast amount of experience to ensure smooth project completion, Cheshire Acres are more than up to the task.

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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 & ÂŁ5,000 reservation fee paid. This includes the ÂŁ1,000 admin fee. The remaining ÂŁ4,000 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 - 50% of purchase price to be paid to solicitor (minus reservation fee already received) and contracts exchanged within 28 days of reservation.

4. Interim Payment - 25% of purchase price to be paid 3 months after exchange of contracts.

5. Legal Completion - The remaining 25% 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.

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F.A.Q’S Where is the property located?

What happens after the 3 year assurance period?

Beaumont Road, Plymouth, PL4 8PS

The managing company can continue to run the property on behalf of the owners

The property is located near central Plymouth on Beaumont Road, and is a short walk

following the 3 year rental assurance. Based on current trends in the UK student

from Plymouth University’s campuses, home to over 23,000 students.

housing market the rentals projected should be comparable to the rental assurance of 8% NET.

What is currently on the site?

The site is currently under construction and the contractor is on site, please request

How do I select a unit?

the latest construction images to see the most up to date progress.

Speak to your consultant in regards to the development and its availability. Once a unit has been agreed on some suggestions will be put forward to select from. Unit

How many units are in the development?

selection will be confirmed through completion of the reservation form and payment

The property will consist of 39 purpose built student apartments (studios),

of a £5000 reservation fee.

the building will also have a range of facilities including: Laundry Room, Reception, and 24 Hour CCTV.

What happens to the reservation fee?

The reservation fee is paid and forwarded to the developer as part of the purchase

When will the building be completed?

price, your solicitor will ensure that this is deducted from the total purchase price

The property will be completed for Q3 2017.

during the legal process.

Who will manage the property?

What is the ground rent?

An experienced management company will be appointed to run the property from

The ground rent is £350 per annum for each of the studio apartments, however in

completion. Urban Student Life is an established student housing operator with

the first 3 years this is already calculated into your NET rental assurance and

experience in managing fully tenanted, modern purpose built multi-let student

already paid.

accommodation across the UK. How long is the lease of each apartment?

What is the rental assurance?

The lease is 250 years from completion.

Each property in the development will provide apartment owners with a 8% assured NET rental income for the first 3 years following completion.

I do not have a UK solicitor, can you recommend one to act for me on the purchase?

We have relationships with a number of UK based solicitors who can act for

How does the assured yield work?

purchasers, for this development we can put forward the below legal firm to complete

The Assured Rent of 8% NET per annum is payable throughout the rental assurance

the legal purchase process on your behalf:

period by the developer. Payments will be paid to owners throughout the 3 year

Rob Thomas - PLS Solicitors

assurance period. The rent is paid directly into any bank account in the world as

41 Lothbury, London

stipulated by the purchaser. The amount of assured rent is specified in the agreement

EC2R 7HG

for sale and management agreement.

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