Studio for sale in Central House, 58 Jamaica Street, Glasgow G14Qg G1
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Property features
- Impressive 9% net return
- Cash buyers only
- Self contained student studio
- Hands off investment
- Ensuite and kitchenette included
- Fully furnished
- Ideal location
- Communal areas
- Fully managed
- Don't miss out and enquire today
Property description
Central House, 58 Jamaica Street, Glasgow G14Qg
**please note! 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 - cash buyers only need apply!
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.
In a city with the fifth-largest student population in the UK (at over 65,000), Central House helps to fill a significant deficit between supply and demand in Glasgow's student accommodation sector. Aside from its central location in easy reach of the city's 3 universities, Central House is also home to a number of shared facilities perfect for socialising, including communal lounge areas, laundry rooms and a state-of-the-art entertainment room.
The apartment itself is modern and fully furnished, providing an ideal studying environment which appeals to student tenants. Enquire today for more information on this fantastic investment opportunity.
Please note, under Scottish regulations these properties are rented using a Private Residential Tenancy (prt) which is a 4-week monthly rolling contract. Figures are illustrative of a 44 week term in line with the academic year but are subject to change.
Financial Breakdown
Gross Rent: £8,925.00
Net income: £3,607.05
Gross yield: 22.31%
Net yield: 9.02%
Please contact agent for full financial breakdown.
Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-07932
Property info
For more information about this property, please contact
Yieldit, M50 on +44 161 506 6169 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Yieldit, and do not constitute property particulars. Please contact Yieldit for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.