{"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 \u2013 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\u2019s conveniently close to them.<\/li>\n<li>The UK is currently struggling with a significant crisis \u2013 there aren\u2019t 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\u2019s a student\u2019s dream with 264 carefully designe\u00add dwellings on offer. There\u2019s 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\u2019s 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\u2019s close. The UK\u2019s 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\u2019s 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\u2019s looking for. Its location couldn\u2019t be better \u2013 it\u2019s close to two of the UK\u2019s most re\u00adspected universities. Plus, it\u2019s 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\u2019s 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":["post-12218","post","type-post","status-publish","format-standard","has-post-thumbnail","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}]}}