Serviced studio apartment for sale

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Serviced studio apartment for sale

West Regent Street, City Centre, Glasgow, G2
£2,200,000

Our Summary

  • Prime Development Opportunity, 55 West Regent Street, Glasgow, G2 2AE
  • Planning permission for a serviced apartment scheme has been granted to create 96 x studio and 1 bed short-term let apartments, yielding an estimated £3m per annum

Description

This property at 55 West Regent Street, Glasgow, G2 2AE is a significant development opportunity spanning over 33,553 square feet. It offers a unique chance to develop either serviced or student accommodation, with an existing planning permission for a serviced apartment scheme that includes 96 studio and one-bedroom short-term let apartments, which could generate an estimated annual income of £3 million. Additionally, a recent pre-application to Glasgow City Council for a student accommodation scheme has received a positive response, indicating a viable alternative for development. This property presents a lucrative investment opportunity in a prime city-center location. User 0: This prime development opportunity located at 55 West Regent Street in Glasgow, postcode G2 2AE, encompasses an expansive area of 33,553 square feet. The property presents a dual potential for development, with the flexibility to be transformed into either serviced apartments or student accommodation. It currently benefits from planning permission for a serviced apartment scheme, which involves the creation of 96 studio and one-bedroom short-term let apartments, capable of yielding an estimated annual income of £3 million. Moreover, a pre-application to Glasgow City Council for a student accommodation scheme has yielded positive feedback, offering an alternative development path that aligns with the city's demand for such facilities. This property is situated in a prime city-center location, offering a substantial investment opportunity with a versatile development potential.
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