Studio Flat For Sale £50,000
St. Andrews Street, Glasgow, G1
previous price £52,685

Full description

Recently refurbished to a high standard by one of the UK's leading student property management companies, St Andrews is one of Glasgow's leading student developments. This first-floor unit is fully tenanted on a 44-week agreement at £147.50 per week. A superb hands free, freehold investment opportunity which offers immediate rental returns.

Student units in Scotland are typically within high demand from investors, and as such there is likely to be considerable demand for this unit.

St Andrews - Investment Highlights
Invest from £52,685
44 weeks tenancy agreement at £147.50 per week
6.5% estimated yields
Hugely popular destination for students and investors
Freehold property investment (no annual rent charges)
No student tuition fees in Scotland, high disposable
Leading student management company in place
Three major universities in Glasgow

Unit 116 - Investment Breakdown
£147.50 x 44-week tenancy agreement = £6,490 gross per annum
Minus lettings fees = £5,711.20
Minus management/service charges of £2,286.63 per annum
Net rental income of £3,424.57 per annum (paid quarterly)

Location - Glasgow
St Andrews is perfectly located in the heart of Glasgow city centre, within easy walking distance of three major universities as well as a huge selection of shops, cafes and restaurants. Glasgow has long been the destination of choice for many students, primarily due to the fact that the majority of students in Scottish universities pay zero tuition fees.

Purchase Process
1. Complete the reservation form and pay the £2,000 reservation fee
2. Instruct solicitors and receive legal and sales pack
3. Pay the remaining balance on completion of contracts