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Studio flat for sale
Central House, Jamaica Street, Glasgow G1
£40,000
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
Description
Central House is a modern student accommodation development located in the heart of Glasgow, within easy reach of three nearby universities. The property is a fantastic investment opportunity, offering a gross yield of 21.45% and a net yield of 8.4%. The apartment is fully furnished and provides an ideal studying environment for student tenants. The property features shared facilities, including communal lounge areas, laundry rooms, and a state-of-the-art entertainment room. The accommodation is rented using a Private Residential Tenancy (PRT) with a 4-week monthly rolling contract. The gross rent is £8,580.00, with a net income of £3,360.60. The property is only available to cash buyers, as it is not eligible for a mortgage.