Leading student accommodation provider Vita Student is exhibiting its latest British residential investment opportunities at a special event in Bangkok this week (16th–17th August 2014) in conjunction with Savills. It is the first time the provider has showcased its properties in Thailand, a move that has been prompted by an increasing number of proactive enquiries from the region.
The exhibition will give local investors the opportunity to purchase premium accommodation in the flourishing student buy-to-let market in the UK. It is being held at the Four Seasons Hotel in Bangkok this weekend from 16th–17th August. Property consultants will be on-hand from 11am until 7pm to offer information and guidance on what properties are available to purchase.
Prices start from as little as £82,000 and investors will receive an assured net yield of 35% over five years, with the properties also expected to increase in value by 5-6% each year. They are ideal for overseas buyers as Vita Student Management sources the tenants, deals with any enquiries and looks after the residents throughout their stay.
There is a proven requirement for Vita Student apartments in the UK as 85% of the provider’s current stock has been reserved by students for the upcoming academic year and the management team is expecting to reach 100% occupancy in the coming weeks.
70% of the new Vita Student residents are from overseas, predominantly Southeast Asia and Europe. One such tenant is 23-year old Vanitha Nagarajah from Malaysia who has lived at Vita Student’s residence in Liverpool called The Chapel for the past year.
Of her time at The Chapel she says: “The past year has been a great experience and definitely worth the money I have paid to live here. The staff here have been warm, helpful and welcoming at all times which has really made a difference to how at home I have felt.
“The main reasons I re-booked for the upcoming year are that I believe the studios are very good value for money and the residence is in a perfect central location, conveniently close to everything in the city.”
Vita Student’s Head of Business Development Asia Pacific Justin Humphreys said: “While other accommodation providers can build luxury living quarters, Vita Student has evolved the purpose-built accommodation concept and risen above the general market by putting students at the heart of everything it does. By pinpointing students’ needs, Vita Student has created a concept that will be sought after by students for years to come.
“As an investor, there is nothing more important to a successful property investment than high tenancy rates and it is this element that Vita Student has proven it can deliver. Over the next few years it will be demonstrated once and for all that the highest and most consistent rental returns will be generated by brands like Vita Student.”
For more information on the event taking place this weekend in Thailand please visit: http://showcase.savills.co.th/VitaTelephoneHouse/Default.aspx?PageID=2502