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Studio flat for sale
Central House, Jamaica Street, Glasgow, G1 4QG
£39,000
Central House, Jamaica Street, Glasgow, G1 4QG
£39,000
Our Summary
- 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
- Enquire today for more information on this fantastic investment opportunity
Description
Central House is a modern student accommodation development located in the heart of Glasgow, within easy reach of three nearby universities. The property offers a range of shared facilities, including communal lounge areas, laundry rooms, and a state-of-the-art entertainment room, making it an ideal location for students to socialize. The apartment itself is fully furnished and provides a comfortable studying environment. The property is available for cash buyers only and is not eligible for a mortgage, making it an attractive investment opportunity. With a gross yield of 25.23% and a net yield of 11.38%, this property offers a strong potential for returns. However, please note that the property is rented using a Private Residential Tenancy (PRT) with a 4-week monthly rolling contract, and figures are illustrative of a 48-week term in line with the academic year.