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Studio flat for sale
Central House, 58 Jamaica Street, , Glasgow G14QG
£39,000
Central House, 58 Jamaica Street, , Glasgow G14QG
£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
This property, Central House, is a modern student accommodation development located in the heart of Glasgow, within easy reach of three nearby universities. The apartment is fully furnished and provides a ideal studying environment for student tenants. The property offers shared facilities such as communal lounge areas, laundry rooms, and a state-of-the-art entertainment room, perfect for socializing. Due to its size and lease restrictions, the property can only be bought as an investment property, and is only suitable for cash buyers. The property offers a gross yield of 24.63% and a net yield of 10.58%, making it a fantastic investment opportunity. However, please note that under Scottish regulations, the property is rented using a Private Residential Tenancy (PRT) with a 4-week monthly rolling contract.