Studio

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Studio

Central House, Jamaica Street, Glasgow G1
£30,000

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
  • Cash buyers only

Description

Central House is a modern student accommodation development located in the heart of Glasgow, within easy reach of the city's three universities. The property is a fantastic investment opportunity, offering a gross yield of 28% and a net yield of 10.62%. The apartment is fully furnished and provides a comfortable studying environment, with shared facilities including communal lounge areas, laundry rooms, and a state-of-the-art entertainment room. The property is rented using a Private Residential Tenancy (PRT) with a 4-week monthly rolling contract, and the financial breakdown is as follows: gross rent £8,400, net income £3,187.20, gross yield 28%, and net yield 10.62%. Please note that these properties are only available for cash buyers and are not eligible for a mortgage.