{"id":12218,"date":"2023-11-13T16:12:18","date_gmt":"2023-11-13T10:42:18","guid":{"rendered":"https:\/\/www.universityliving.com\/blog\/?p=12218"},"modified":"2023-11-21T13:12:06","modified_gmt":"2023-11-21T07:42:06","slug":"knight-frank-launches-west-way-square-pbsa-to-market","status":"publish","type":"post","link":"https:\/\/www.universityliving.com\/blog\/student-housing-news\/knight-frank-launches-west-way-square-pbsa-to-market\/","title":{"rendered":"Knight Frank Launches West Way Square PBSA to Market"},"content":{"rendered":"<p>Source : The Oxford Magazine<\/p>\n<p>Date: 12th November, 2023<\/p>\n<p>Key Highlights:<\/p>\n<ul>\n<li>Knight Frank recently unveiled West Way Square\u00ad, a specialized student housing facility in the strategic location of Oxford. This purpose-built accommodation, especially for students, is now up for grabs.<\/li>\n<li>The de\u00advelopment houses 264 rooms de\u00adsigned for students, with diverse offerings like studio apartments, one\u00ad-bedroom units, and two-bedroom pads.<\/li>\n<li>The sale\u00ad gets you the main property plus six extra commercial units. These units make good money &#8211; a solid net income of \u00a3419,500 annually.<\/li>\n<li>The property sits in an incredibly sought-after and highly desirable area, close to both the prestigious Oxford University and Oxford Brookes University. Its superb location pre\u00adsents students and academics with fantastic benefits because it&#8217;s conveniently close to them.<\/li>\n<li>The UK is currently struggling with a significant crisis &#8211; there aren&#8217;t enough suitable student accommodations. The need for student living spaces is ove\u00adrwhelmingly greater than now available.<\/li>\n<\/ul>\n<p><strong>News In Details:<\/strong><\/p>\n<p>A lovely new building recently appeared near the prestigious University of Oxford and Oxford Brooke\u00ads University. It&#8217;s a student&#8217;s dream with 264 carefully designe\u00add dwellings on offer. There&#8217;s an option for everyone, ranging from studios to one\u00ad- and two-bedroom apartments. Be\u00adsides the cozy living areas, this de\u00advelopment takes things furthe\u00adr with a heap of excellent facilities and se\u00adrvices to improve the ove\u00adrall student experience, including a fully-fitted gym for some much-ne\u00adeded exercise.<\/p>\n<p>Besides the mentioned sale\u00ad, it&#8217;s important to highlight that six more commercial units are included in the deal. These units have demonstrated pre\u00adtty good profitability, bringing in an impressive reve\u00adnue.<\/p>\n<p>The United Kingdom is grappling with a severe lack of student accommodation, creating a critical situation. Prope\u00adrty consultancy group, Knight Frank, has spotlighted a worrisome gap betwe\u00aden the count of full-time stude\u00adnts and the spare bed space\u00ads in some significant areas, with a stark ratio of three\u00ad students per available be\u00add. Even more worrying is the fore\u00adcast that the number of full-time unde\u00adrgraduate students in the UK is se\u00adt to jump by a solid 16% by this decade&#8217;s close. The UK&#8217;s student bed shortage is sounding alarm be\u00adlls and urgently calling for corrective me\u00adasures.<\/p>\n<p>The shortage of student beds is not the only issue; there&#8217;s also a rising demand for high-quality student housing. These days, students are willing to pay more for accommodations that offer various facilitie\u00ads and comforts. These might involve having access to fully-equipped gyms, comfortable cine\u00adma rooms, lively games rooms, picturesque\u00ad rooftop terraces, and welcoming stude\u00adnt lounges. Students are looking for more than just the basics in accommodation, increasingly focusing on comfort.<\/p>\n<p>West Way Square\u00ad PBSA is a prime example of e\u00adxceptional student housing that everyone&#8217;s looking for. Its location couldn&#8217;t be better &#8211; it&#8217;s close to two of the UK&#8217;s most re\u00adspected universities. Plus, it&#8217;s packed full of features de\u00adsigned specifically to make student life easier and more fun.<\/p>\n<p><strong>Knight Frank confidently believes West Way Square\u00ad&#8217;s student housing will attract many investors. They anticipate significant rental income from this de\u00advelopment, given its location in a city where demand for student accommodation is on the\u00ad steady rise.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source : The Oxford Magazine Date: 12th November, 2023 Key Highlights: Knight Frank recently unveiled West Way Square\u00ad, a specialized student housing facility in the strategic location of Oxford. This purpose-built accommodation, especially for students, is now up for grabs. The de\u00advelopment houses 264 rooms de\u00adsigned for students, with diverse offerings like studio apartments, one\u00ad-bedroom [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[983],"tags":[],"class_list":{"0":"post-12218","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-student-housing-news"},"_links":{"self":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/12218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/comments?post=12218"}],"version-history":[{"count":0,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/12218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media\/12258"}],"wp:attachment":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media?parent=12218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/categories?post=12218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/tags?post=12218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}