Studio Flat For Sale £48,000
St Andrew's Court, St. Andrews St, Glasgow G1

Originally used as a Sheriff's Courthouse, St. Andrew's Court has undergone an extensive refurbishment and is now used as high quality student accommodation. Despite its change of use, the building retains many of the original period features which give it a unique character a world away from standard student accommodation.

This self-contained studio is offered fully furnished, and features a single bed, study area, fitted kitchen and ensuite. Residents will benefit from the high specification of the apartments as well as the outstanding communal facilities which include a private on-site gymnasium and a communal games room with pool tables.

The development itself is right in the heart of Glasgow, close to both the university and all local amenities. The city centre is one of the most exciting places to be in the UK and residents are sure to appreciate the short journey from home! Public transport in Glasgow is also of a high standard, and trains from the city station travel to all the big cities.

Glasgow is the 3rd biggest city in the UK outside London—bigger than Nottingham, Liverpool and Edinburgh with the student population reflecting this. Rental demand has been boosted by a shortage of student accommodation, as there are just 7,102 university-owned beds for a total student population of more than 45,000 in Glasgow.

This is a student investment and suitable for cash buyers. Please contact today to avoid disappointment; this is a great addition to any investor portfolio!

Financial Breakdown

Gross rent: £5,865
Ground rent: £0
Service charge: £1,886
Lettings fees: £563
Net income: £3,416
Gross yield: 12.22%
Net yield: 7.12%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-12902