Studio Flat For Sale, St. Andrews Street, Glasgow G1

Description

**please note! Due to the size and lease restrictions on purpose-built student accommodation, these properties are not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

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.

The properties are offered fully furnished, and feature 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 its 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.

Interested? Take a look at the financial projections below based on a third floor studio. We have a number of investment opportunites available in this development, so please contact us today to request a full breakdown.

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

Financial Breakdown

Gross rent: £7,395
Service charge: £2,709
Lettings fees: £961
Net income: £3,725
Gross yield: 15.57%
Net yield: 7.84%

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-16965

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Studio Flat For Sale £47,500 St. Andrews Street, Glasgow G1

Studio Flat For Sale £47,500
St. Andrews Street, Glasgow G1