New housing is sorely needed in Aberdeen, where the booming oil and gas industry has led to existing accommodation being filled with affluent energy professionals. This has forced the majority of students to live in Aberdeen’s outskirts, although they would prefer to live more centrally.
The extent of the undersupply of student homes in the city was illustrated in September 2014, when several hundred first year students had to be temporarily housed in local hotels. This is a concern for both students and the universities trying to attract them.
Due to the prime city centre location, proximity to the universities and college as well as local amenities, demand for this particular property will always be high. This ensures it will remain a sought-after asset for future investors.
Offering returns of 10% annually for 8 years, the property comes with an experienced local management company. Operated by property professionals with a superb track record, this property investment presents a profitable and hassle-free opportunity.
Learn about the UK's highest yielding property investment in this informative guide
Read about how Purpose Built Student Accommodation rewards all stakeholders involved