Student Portfolio Up for Sale
15th Jan 2021
Agents for the owners of the former No Place Inn in North Road West say there has been a 'massive reduction' in the number of students expected to come to the city due to Covid-19.
They suggest student numbers have declined by 25% in recent years, whilst the amount of student accommodation available has stayed the same, if not increased.
Therefore, they want the student-only rule changed to add key workers for three years to keep the business viable. An application to temporarily vary the restriction on who can live at the accommodation has now been submitted to Plymouth City Council.
It says: "The recent Covid-19 outbreak has seen a massive reduction in students taking up new course offers and seeking accommodation in the Plymouth area."
"The applicant seeks to vary the condition to permit occupation of the premises by students and key workers for a temporary period of 3 years from the date of any approval."
"This temporary change to the range of people who can legitimately occupy the premises should enable the premises to remain occupied and viable during the year on year implications of reduced student numbers following the Covid crisis."
15th Jan 2021
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