Studio flat for sale

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Studio flat for sale

Central House, Jamaica Street, Glasgow G1
£40,000

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 21% and a net yield of 7.97%. The apartment is fully furnished and provides a modern studying environment, perfect for student tenants. The property also features shared facilities such as communal lounge areas, laundry rooms, and a state-of-the-art entertainment room. Due to the size and lease restrictions, this property is only eligible for cash buyers and cannot be purchased with a mortgage. The property is rented using a Private Residential Tenancy (PRT) and the financial breakdown is as follows: gross rent £8,400, net income £3,187.20, and gross yield 21%.