Flat for sale in 58, Jamaica Street, Apartment 4-05, Glasgow City Centre G14Nn G1

** sale by auction - 15 August 2024 - Deadline for Offers **

Student accommodation located with Glasgow city centre. Fully managed purpose built student development ideally located in the popular student city of Glasgow. This spacious student studio, perfectly located in the heart of Glasgow city centre, is currently tenanted at £235.00 per week. Located right by Glasgow Central Station, with easy access to shops, restaurants and the city's universities, Central House couldn't be better located for student life. Central House is a centrally located student accommodation development, perfect for those attending the three nearby universities - the University of Glasgow, the University of Strathclyde or Glasgow Caledonian University. All units include their own kitchen, bathroom and study area - ideal if you're looking for your own living space, free from distractions. Students also have access to communal facilities, including an onsite gym, games room and private outdoor terrace. Fully managed by one of the UK's leading student property management companies, these two units are offer investors access to the hugely popular student residential sector in Scotland. As such, we would anticipate a considerable level of interest in these units from launch. Leasehold Sale. Unit 4.05 - Investment Highlights (27.3 square metres) Guide Price - £44,000 4th floor double studio (accessible studio) Estimated gross return of £11,280 per annum based on 48 weeks paying £235 per week Large 27.3 square metre unit Annual service charge - £4,636.96 Estimated net rental income - £5,154.08 per annum High-specification student studio. Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property.

Jamaica Street is located by St Enoch's Centre in the city centre and is perfectly positioned to take advantage of all the amenities the city centre has to offer. Furthermore, St Enoch subway station and Glasgow Central rail station provide public transport to outlying areas. Also easily accessible are the M8/M77 and M80 motorways whilst the new M74 extension offers quick access out through the city to the south. The property is in close proximity to Strathclyde and Caledonian Universities, the Glasgow School of Art, Royal Conservatoire as well as Glasgow’s #ifsd, the sec and The Clyde Auditorium. The area benefits from frequent public transport with easy access to Central and Queen Street Train Stations, and St Enoch subway stations. Public transport and road links are exceptional. Parking permits are available on subscription with next door ncp or Jamaica Street’s q-Park. Glasgow which has benefitted from significant redevelopment in the last few decades with both commercial developments and exclusive residential buildings. This setting offers one of the most prominent social locations Glasgow has to offer with a wealth of amenities including both general and specialist shopping, wine bars and many highly acclaimed restaurants and is also conveniently located for access to the Merchant City.

Auction Details
15 August 2024,3pm
Deadline for Offers

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