Studio Flat For Sale £40,000
**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: £6,630
Ground rent: £250
Service charge: £3,354
Lettings fees: £824
Net income: £2,202
Gross yield: 16.58%
Net yield: 5.51%
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-17818
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: £6,630
Ground rent: £250
Service charge: £3,354
Lettings fees: £824
Net income: £2,202
Gross yield: 16.58%
Net yield: 5.51%
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-17818
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