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SOLD STC

Central House, 58, Jamaica Street, Glasgow G1 4QG

Key features

  • Earn instant income
  • Student studio apartment
  • Second floor
  • Fully furnished
  • Onsite gymnasium
  • Communal areas
  • Excellent location close to unis
  • Great transport links

Description

**PLEASE NOTE! 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!

Central House is a centrally located student accommodation development, perfect for those attending the three nearby universities - the University of Glasgow, the University of Strathclyde or Glasgow Caledonian University.

In a city with the fifth-largest student population in the UK (at over 65,000), Central House helps to fill a significant deficit between supply and demand in Glasgow's student accommodation sector. Aside from its central location in easy reach of the city's 3 universities, Central House is also home to a number of shared facilities perfect for socialising, including communal lounge areas, laundry rooms and a state-of-the-art entertainment room.

The apartment itself is modern and fully furnished, providing an ideal studying environment which appeals to student tenants. Enquire today for more information on this fantastic investment opportunity.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Please note, under Scottish regulations these properties are rented using a Private Residential Tenancy (PRT) which is a 4-week monthly rolling contract. Figures are illustrative of a 51 week term in line with the academic year but are subject to change.

Financial Breakdown

Gross rent: £9,690
Service charge: £4,454
Lettings fees: £1,395
Net income: £3,842
Gross yield: 28.5%
Net yield: 11.3%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-07479

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Central House, 58, Jamaica Street, Glasgow G1 4QG

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Glasgow Central Station0.1 miles
  • St. Enoch Station0.2 miles
  • Argyle Street Station0.3 miles
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About the agent

yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartmen

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Disclaimer - Property reference YL-07479. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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