A serviced residential complex is a (co-ownership) property complex comprising apartments or houses for seasonal or permanent residential use offering a minimum of 3 of the following services:
These are property complexes aimed at overcoming the shortage of University halls of residence which are often at saturation point.
They are made up of small units (studios or 2-room apartments of about 20 m2) with a living space/study with a kitchenette and shower room and WC.
They must be located close to schools and universities or otherwise well served by public transport such as trams.
Easy access to town centre attractions is a bonus.
This type of complex offers security for the investor as lets last several months and up to several years if the student is on a long course.