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Studio flat for sale
Central House, Jamaica Street, Glasgow, G1 4QG
£38,000
Central House, Jamaica Street, Glasgow, G1 4QG
£38,000
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 student accommodation development located in the heart of Glasgow, catering to students attending the University of Glasgow, University of Strathclyde, or Glasgow Caledonian University. The property is modern, fully furnished, and provides an ideal studying environment. It features shared facilities such as communal lounge areas, laundry rooms, and an entertainment room, perfect for socializing. The apartment is available for investment only, with a gross yield of 22.11% and a net yield of 8.39%. However, please note that due to Scottish regulations, these properties are rented using a Private Residential Tenancy (PRT) with a 4-week monthly rolling contract. The property can only be purchased with cash and is not eligible for a mortgage.