Studio Flat For Sale, St Andrews Street, Glasgow G1

Description

Spacious student studio for sale in the ever popular St Andrews Court student development in the very heart of Glasgow city centre. Fully managed student property (Xenia Student Lettings), this studio generates an estimated 7.23% net yield based on approximate 44 week occupancy.

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. As a boutique student development, St Andrew’s stands far above its counterparts due to the superior standard of living it provides for students studying at any of the Glasgow’s prestigious universities.

Student units in Scotland are typically within high demand from investors, this is due to the fact that the majority of student do not pay tuition fees and as such there is likely to be considerable demand for the units we have available. These properties are also freehold.

Unit 3.15 - Breakdown
£135.00 per week tenancy from September 2021
Est. Gross rental based on 44 weeks = £5,940.00
Service charge = £2,333 per annum
Management fee = 9% plus VAT = £640.00 per annum

Investment Highlights
• Hugely popular destination for students and investors
• Freehold property investment (no annual rent charges)
• Generates estimated 7.23% net yield (based on estimated 44 week occupancy)
• Within walking distance of all Glasgow Universities
• Excellent communal facilities to attract students
• No student tuition fees in Scotland, high disposable
• Leading student management company in place
• Fully tenanted every year since refurbishment
• Full time caretake, CCTV and key card access to create a safe environment

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.

Payment Plan
1. Reserve your unit with a signed reservation form
2. Provide certified id, proof of address and proof of funds to Pure Investor
3. Pay a £2,000 non-refundable reservation fee
4. Remaining balance due on completion

*Legislation in Scotland means that short term tenancies are available. The managing agent will then advertise for new tenants in advance of the tenancy ending to try and ensure consistent tenancies*

Please note all Scottish tenancies are open ended PRTs (Private residential tenancies) meaning that there is no fixed or expected end date.

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Studio Flat For Sale £39,995 St Andrews Street, Glasgow G1

Studio Flat For Sale £39,995
St Andrews Street, Glasgow G1